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 industry is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $206.9 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major growth drivers for this market are rising air passenger traffic, opening of new airports, and expansion of new domestic and regional routes in the aviation market.
Emerging trends, which have a direct impact on the dynamics of the airport service industry, include increasing trends of artificial intelligence in the air transport industry, introducing green gates to reduce emissions, introducing virtual technology to improve customer service, and increasing use of smartphone apps to helps the passenger for schedule planning.
A total of 111 figures / charts and 87 tables are provided in this 190 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this airport service market report, download the report brochure.
Airport service opportunities have evolved through number of stages as presented in figure below:
Evolution of Airport Service Opportunities
In this market, hospitality event services is the largest service type of airport service. Growth in various segments of the airport service market are given below:
Airport Service Market by Segments
The study includes the airport service industry size and forecast for the global airport service industry through 2025, segmented by service type and region, as follows:
Airport Service Industry by Service Type ($ Billion from 2014 to 2025)
- Hospitality Event Services
- Baggage Handling Services
- Catering Services
- Passenger Parking Fields
- Retail and Duty-Free Services
- Special Passenger Care Services
- 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
- Other Services
- Cabin Cleaning and Sanitary Services
- Real Estate Development
Airport Service Industry by Region ($ Billion from 2014 to 2025)
- North America
- United Kingdom
- Asia Pacific
- The Rest of the World
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, Lucintel forecasts 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 (2014-2019) and forecast (2020-2025) 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?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the airport service industry?
Key Features Description
Base Year for Estimation 2019
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Market Representation / Units Revenue in US $ Billion
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments 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)]
Regional Scope North America (The United States, Canada, and Mexico), Europe (Germany, France, Russia and the UK), Asia Pacific (China, Japan, and India), and RoW (Brazil and Argentina)
Customization 10% Customization Without any Additional Cost