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Aerotropolis - Global Strategic Business Report

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    Report

  • 230 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804492

Global Aerotropolis Market to Reach $7.4 Billion by 2030

The global market for Aerotropolis estimated at US$3.5 Billion in the year 2022, is projected to reach a revised size of US$7.4 Billion by 2030, growing at a CAGR of 10% over the analysis period 2022-2030.

The U.S. Market is Estimated at $805 Million, While China is Forecast to Grow at 11.3% CAGR

The Aerotropolis market in the U.S. is estimated at US$805 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 11.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 8.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

Select Competitors (Total 50 Featured)

  • GMR Group
  • Balfour Beatty PLC
  • Burns & McDonnell
  • Lendlease Corporation Limited
  • Hensel Phelps
  • Holder Construction Group
  • JE Dunn Construction Group, Inc.
  • Gilbane Building Co.
  • Hoffman Construction Company
  • Flintco LLC
  • Barton Malow
  • Beck Group, The
  • dck worldwide, LLC
  • Austin Industries
  • Kraus-Anderson, Inc.

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Aerotropolis Market

What is the estimated value of the Aerotropolis Market?

The Aerotropolis Market was estimated to be valued at $3.5 Billion in 2022.

What is the growth rate of the Aerotropolis Market?

The growth rate of the Aerotropolis Market is 9.8%, with an estimated value of $7.4 Billion by 2030.

What is the forecasted size of the Aerotropolis Market?

The Aerotropolis Market is estimated to be worth $7.4 Billion by 2030.

Who are the key companies in the Aerotropolis Market?

Key companies in the Aerotropolis Market include GMR Group, Balfour Beatty PLC, Burns & McDonnell, Lendlease Corporation Limited, Hensel Phelps, Holder Construction Group, JE Dunn Construction Group, Inc., Gilbane Building Co., Hoffman Construction Company and Flintco LLC.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Aerotropolis Faces a Challenging Environment
  • How Was the Aerospace Industry Impacted by the Pandemic & What’s the New Normal?
  • Aerospace Industry Recovery to Strengthen by 2022
  • Global Airline Industry Market Reset & Trajectory - Market Size Outlook (In US$ Billion) For Years 2018 Through 2022
  • Global Airlines Performance by Region: 2020 Vs 2019
  • A Review of Impact on Airport Industry
  • What to Expect in 2022
  • Global Passenger Lost Traffic (in %): Q1 2020 to Q4 2021
  • Influencer Market Insights
  • World Market Trajectories
  • Aerotropolis - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • An Insight into the Concept of Aerotropolis
  • Aerotropolises Set to Emerge as Economic Catalysts for Countries
  • Challenges and Issues
  • Market Outlook
  • Factors Influencing Aerotropolis Investments
  • Expanding Passenger Traffic and Airport Modernization Programs in Asia-Pacific to Drive Gains
  • Asia-Pacific Hails Super Conscious Efforts to Lead Aerotropolis Development from Front
  • China Remains at Epicenter of Aerotropolis Development
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Surging Demand for Air Travel Drives Need for New Airport Construction and Expansion Projects
  • Global Air Traffic Passenger Traffic Estimates and Forecasts in Billion for the Period 2015-2025
  • Increase in Aircrafts in Operation and Number of Flights Undertaken by Airlines Drives Prospects
  • Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
  • A Glimpse of Airport Construction Projects Scheduled for Conclusion in the Near Future
  • Global Investments into New and Existing Airport Construction Projects in US$ Billion for the Years 2018-2022
  • Select Airport Construction/ Expansion Projects in Asia-Pacific
  • Airport Construction Projects in Latin America
  • Aerotropolis Ambitious Projects in Key Regions
  • Select Aerotropolis in Asia-Pacific
  • Aerotropolis Playing an Important Role in Facilitating Trade
  • Strive for Better Tourist Experience to Drive Aerotropolis Construction
  • Air Travel Dominates International Tourism Industry: Breakdown of Tourism Market (in %) by Mode of Transportation for 2000 and 2025
  • Tourism as a % of GDP for Popular Destinations
  • International Tourism as Share of Total Tourism for Select Countries (in %)
  • Pandemic Impact on Tourism Industry: A Review
  • Global Tourism Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • E-Commerce Growth Spurs Industrial Development in the Aerotropolis Region
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2019 to 2025
  • Global e-Commerce Sales as Percentage of Total Retail Sales (2015-2022E)
  • Rise in Passenger Numbers to Drive Shift to Smart Aerotropolis
  • Aerotropolis Development Using a Hybrid Model
  • Growing Investments in Airport IT Infrastructure Drive Healthy Growth in Spending on Aerotropolis Projects
  • Global Airport Infrastructure Expenditure ($ Billion) by Geographic Region: 2016, 2021, and 2026
  • Smart Cities to Fuel Investments in Aerotropolis Projects
  • Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
  • Smart Technologies Promote Diversification of Revenue Generation for Airport
  • Worldwide Airport Industry Revenue Breakdown (in %) for Aeronautical and Non-Aeronautical Segments: 2019
  • Rapid Urbanization & Expanding Middle Class: Megatrends Favoring Market Growth
  • World Urban Population in Thousands: 1950-2050P
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Aerotropolis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Aerotropolis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 3: World 13-Year Perspective for Aerotropolis by Geographic Region - Percentage Breakdown of Value Construction Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2017, 2023 & 2030
  • TABLE 4: World Aerotropolis Market Analysis of Annual Sales in US$ Million for Years 2017 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • TABLE 5: USA Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 6: USA Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • CANADA
  • TABLE 7: Canada Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 8: Canada Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • JAPAN
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • TABLE 9: Japan Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 10: Japan Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • CHINA
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • TABLE 11: China Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 12: China Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • EUROPE
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • TABLE 13: Europe Recent Past, Current & Future Analysis for Aerotropolis by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: Europe Historic Review for Aerotropolis by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 15: Europe 13-Year Perspective for Aerotropolis by Geographic Region - Percentage Breakdown of Value Construction Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2017, 2023 & 2030
  • FRANCE
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • TABLE 16: France Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 17: France Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • GERMANY
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • TABLE 18: Germany Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 19: Germany Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • ITALY
  • TABLE 20: Italy Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 21: Italy Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • UNITED KINGDOM
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • TABLE 22: UK Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 23: UK Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • REST OF EUROPE
  • TABLE 24: Rest of Europe Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 25: Rest of Europe Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • ASIA-PACIFIC
  • Aerotropolis Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • TABLE 26: Asia-Pacific Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 27: Asia-Pacific Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • REST OF WORLD
  • TABLE 28: Rest of World Recent Past, Current & Future Analysis for Aerotropolis by Segment - Aerotropolis - Independent Analysis of Annual Construction Revenues in US$ Million for the Years 2022 through 2030 and % CAGR
  • TABLE 29: Rest of World Historic Review for Aerotropolis by Segment - Aerotropolis Markets - Independent Analysis of Annual Construction Revenues in US$ Million for Years 2017 through 2021 and % CAGR
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • GMR Group
  • Balfour Beatty PLC
  • Burns & McDonnell
  • Lendlease Corporation Limited
  • Hensel Phelps
  • Holder Construction Group
  • JE Dunn Construction Group, Inc.
  • Gilbane Building Co.
  • Hoffman Construction Company
  • Flintco LLC
  • Barton Malow
  • Beck Group, The
  • dck worldwide, LLC
  • Austin Industries
  • Kraus-Anderson, Inc.