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(Transportation-News.com, July 02, 2018 ) Aviation industry in an economy plays a crucial role in the economic development of any nation and in supporting long-term economic growth. It provides direct benefits to the users and also provides economic benefits through its positive impact on productivity and economic performance. Therefore, in order to maintain the role of aviation sector in the economy, it is necessary to invest in airport infrastructures. Airports are generally categorized into four types: Commercial Service Airports, Cargo Service Airports, Reliever Airports, and General Aviation Airports.
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A wide variety of aero-related products are available at the airports in order to facilitate the passengers and smooth operation at the airports. Ground Support Equipments, Fixed equipments and Airport Services are the major parts of airport infrastructure. Ground support equipments are further classified into powered and non-powered equipments.
The global airport infrastructure market has shown upward trends over the past few years and projections are made that the market would grow tremendously in the forecasted period (2017-2021) also. Rising number of air passengers globally and reduction in cost per passenger were the main factors attributed to growth of the market. Rising airport infrastructure expenditure, growth in aircraft movement at airports, new airport projects and renovation, growth of emerging economies, and emergence of smart airports are some of the prominent factors that would propel growth of the industry. Yet some challenges such as usage of worn out equipment, risk of over expansion in airline capacity, environmental barriers etc. are obstructing the growth of the market.
Company Coverage
John Bean Technologies
Cavotec SA
Air T, Inc.
Mallaghan Engineering Ltd.
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The report entitled "Global Airport Infrastructure Market: Size, Trends & Forecasts (2017-2021)", provides a detailed analysis of the global airport infrastructure market with market sizing and growth. The analysis includes airport construction market in terms of value and market share by region. It also includes airport infrastructure market in terms of spending.
The report also covers a brief regional analysis of Asia-Pacific, North America, Europe, and ROW (Middle East & Africa, Latin America, Central America etc.) in terms of spending on airport infrastructure with forecasted values. Geographically, Asia-Pacific is the largest market for airport infrastructure because of growing number of air passengers and rising GDP per capita.
Furthermore, the report also assesses the key opportunities available in the market and summarizes the dynamic forces that are and will be accountable for growth of the industry. Growth of the global airport infrastructure market has also been forecasted for the period 2017-2021, taking into consideration previous growth outlines, growth drivers and the existing and forthcoming trends.
The global airport infrastructure market is highly competitive because of presence of several small to medium-sized players that compete with each other and large players of the market. John Bean Technologies, Cavotec SA, Air T, Inc. and, Mallaghan Engineering Ltd. are some of the major players whose company profiling has been done in the report. This segment of the report summarizes business overview, financial overview and the business strategies adopted by respective companies.
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