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Airport Service Market: Trends, Opportunities and Competitive Analysis 2023-2028

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    Report

  • 190 Pages
  • May 2023
  • Region: Global
  • Lucintel
  • ID: 5782390
The future of the global airport service industry looks promising with opportunities in the hospitality event, cargo handling, and aircraft handling services. The global airport service market is expected to reach an estimated $369.3 billion by 2028 and it is forecast to grow at a CAGR of 9.8% from 2022 to 2028. The major growth drivers for this market are rising air passenger traffic, opening of new airports, and expansion of new domestic and regional routes in the aviation market.

Emerging trends, which have a direct impact on the dynamics of the airport service industry, include increasing trends of artificial intelligence in the air transport industry, introducing green gates to reduce emissions, introducing virtual technology to improve customer service, and increasing use of smartphone apps to helps the passenger for schedule planning.

In this market, hospitality event services is the largest service type of airport service. Growth in various segments of the airport service market are given below:

The study includes the airport service industry size and forecast for the global airport service industry through 2028, segmented by service type and region, as follows:

Airport Service Industry by Service Type ($ Billion from 2017 to 2028)
  • Hospitality Event Services
  • Baggage Handling Services
  • Catering Services
  • Passenger Parking Fields
  • Retail and Duty-Free Services
  • Special Passenger Care Services
  • Training
  • Security Services
  • Cargo Handling Services
  • Cargo Operations
  • Ground Support Services
  • Aircraft Handling and Related Services
  • Ramp Services
  • Runway Maintenance
  • Operation of Fueling
  • Aircraft De-icing
  • Others
  • Other Services
  • Cabin Cleaning and Sanitary Services
  • Real Estate Development
  • Others
Airport Service Industry by Region ($ Billion from 2017 to 2028)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Russia
  • United Kingdom
  • Asia Pacific
  • China
  • Japan
  • India
  • The Rest of the World
  • Brazil
  • Argentina
Some of the airport service companies profiled in this report include Fraport Frankfurt Airport Services Worldwide, Aeroports de Paris SA, Japan Airport Terminal Co. Ltd, BBA Aviation plc, Beijing Capital International Airport Co., Ltd, Tav Havalimanlari Holding A.S, Sats Ltd, Auckland International Airport Limited, Flughafen Wien AG, and Malaysia Airports Holdings Berhad.

Within this market, hospitality event, cargo handling, and aircraft handling are the major service segments. On the basis of its comprehensive research, The analysts forecast that the hospitality event and cargo handling services segments will show above average growth during the forecast period.

Europe is expected to remain the largest region due to the new Open Skies regulations, which ensure more flights in and out of Europe and also removes air-service limitations between the countries, helping to drive tourism and the airport service industry. Asia Pacific is expected to witness significant growth over the forecast period because of rising passenger traffic.

Some of the features of this report:
  • Market size estimates: Global airport service market size estimation in terms of value ($B) shipment.
  • Trend and forecast analysis: Market trend (2017-2022) and forecast (2023-2028) by application, and end use industry.
  • Segmentation analysis: Global airport service market size by various applications such as service type in terms of value and volume shipment.
  • Regional analysis: Global airport service market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of airport service in the global airport service market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of airport service in the global airport service market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high growth opportunities for the airport service industry by service type [hospitality event services: (catering services, special passenger care services, passenger parking field, retail and duty-free, training, security services, and baggage handling segments), cargo handling services: (cargo operations and ground support services segment), aircraft handling and its related services: (operation of fueling, ramp services, runway maintenance, aircraft de-icing and others segment), and other services: (cabin cleaning and sanitary services, real estate development, and others)], and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this airport service market?
Q.5. What are the business risks and competitive threats in this airport service market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the airport service market?
Q.8. What are the new developments in the airport service market? Which companies are leading these developments?
Q.9. Who are the major players in this airport service market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing services in this airport service market and how big of a threat do they pose for loss of market share by service substitution?


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Table of Contents

1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Industry Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends and Forecast
3.2: Global Airport Service Industry Trends and Forecast
3.3: Global Airport Service Industry by Service Type
3.3.1: Hospitality Event Services
3.3.1.1: Hospitality Event Services Industry by Tier-II Level
3.3.2: Cargo Handling Services
3.3.2.1: Cargo Handling Services Industry by Tier-II Level
3.3.3: Aircraft Handling and Related Services
3.3.3.1: Aircraft Handling and Related Services Industry by Tier-II Level
3.3.4: Other Services
3.3.4.1: Other Service Industry by Tier-II Level
4. Industry Trends and Forecast Analysis by Region
4.1: Global Airport Service Industry by Region
4.2: North American Airport Service Industry
4.2.1: North American Airport Service Industry by Service Type
4.2.1.1: North American Hospitality Event Services Industry by Tier-II Level
4.2.1.2: North American Cargo Handling Services Industry by Tier-II Level
4.2.1.3: North American Aircraft Handling and Related Services Industry by Tier-II Level
4.2.1.4: North American Other Services Industry by Tier-II Level
4.2.2: Airport Service Industry of the United States
4.2.3: Mexican Airport Service Industry
4.2.4: Canadian Airport Service Industry
4.3: European Airport Service Industry
4.3.1: European Airport Service Industry by Service Type
4.3.1.1: Europe Hospitality Event Services Industry by Tier-II Level
4.3.1.2: Europe Cargo Handling Services Industry by Tier-II Level
4.3.1.3: Europe Aircraft Handling and Related Services Industry by Tier-II Level
4.3.1.4: Europe Other Services Industry by Tier-II Level
4.3.2: German Airport Service Industry
4.3.3: Airport Service Industry of the United Kingdom
4.3.4: French Airport Service Industry
4.3.5: Russian Airport Service Industry
4.4: APAC Airport Service Industry
4.4.1: APAC Airport Service Industry by Service Type
4.4.1.1: APAC Hospitality Event Service Industry by Tier-II Level
4.4.1.2: APAC Cargo Handling Services Industry by Tier-II Level
4.4.1.3: APAC Aircraft Handling and Related Services Industry by Tier-II Level
4.4.1.4: APAC Other Services Industry by Tier-II Level
4.4.2: Chinese Airport Service Industry
4.4.3: Indian Airport Service Industry
4.4.4: Japanese Airport Service Industry
4.5: ROW Airport Service Industry
4.5.1: ROW Airport Service Industry by Service Type
4.5.1.1: ROW Hospitality Event Services Industry by Tier-II Level
4.5.1.2: ROW Cargo Handling Services Industry by Tier-II Level
4.5.1.3: ROW Aircraft Handling and Related Services Industry by Tier-II Level
4.5.1.4: ROW Other Services Industry by Tier-II Level
4.5.2: Brazilian Airport Service Industry
4.5.3: Argentinian Airport Service Industry
5. Competitor Analysis
5.1: Service Portfolio Analysis
5.2: Industry Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Airport Service Industry by Service Type
6.1.2: Growth Opportunities for the Global Airport Service Industry by Region
6.2: Emerging Trends in the Global Airport Service Industry
6.2.1: New Service Development
6.2.2: Capacity Expansion in the Global Airport Service Industry
6.2.3: Mergers, Acquisitions, and Joint Ventures in the Global Airport Service Industry
6.2.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Fraport Frankfurt Airport Serivices Worldwide AG
7.2: Aeroports de Paris SA
7.3: Japan Airport Terminal Co., Ltd.
7.4: BBA Aviation plc
7.5: Beijing Capital International Airport Co., Ltd.
7.6: Tav Havalimanlari Holding A.S
7.7: SATS Ltd
7.8: Auckland International Airport Limited
7.9: Flughafen Wien AG
7.10: Malaysia Airports Holdings Berhad

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Fraport Frankfurt Airport Serivices Worldwide AG
  • Aeroports de Paris SA
  • Japan Airport Terminal Co., Ltd.
  • BBA Aviation plc
  • Beijing Capital International Airport Co., Ltd.
  • Tav Havalimanlari Holding A.S
  • SATS Ltd
  • Auckland International Airport Limited
  • Flughafen Wien AG
  • Malaysia Airports Holdings Berhad

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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