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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Airport Services Market Outlook

The global airport services market reached a value of about USD 175.18 billion in 2023. The industry is further expected to grow at a CAGR of 15.2% in the forecast period of 2024-2032 to reach a value of around USD 625.97 billion by 2032.

Global Airport Services Market

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Increase in International Flights to Propel the Growth of the Airport Services Industry

The rapid growth of air traffic has led to the expansion of the aviation industry. In this regard, the growing competition among the airport service providers is compelling the governing bodies across the globe to improve their services to attract more passengers and generate more revenue. This, in turn, is projected to contribute to the growth of the airport services industry. In addition, the rapid globalisation, reduced airfare, and improving living standards are leading to increased air passenger traffic, which is further expected to expand the international routes and flights, thereby supporting the industry growth in the forecast period.

North America to Account for a Significant Market Share in the Airport Services Industry

North America is estimated to account for a significant share of the airport services industry. This can be attributed to the rapid increase in the number of international and domestic flights, which is expected to drive further investments in the expansion of airport services in the region. According to the Federal Aviation Administration, in 2019, Air Traffic Organization (ATO) provided services to more than 45,000 flights and 2.9 million airline passengers.

Meanwhile, the Asia Pacific region is also expected to hold a substantial market share, owing to the rising airport construction, renovation of the existing airports, and the large orders for new aircraft particularly in India. For instance, the Indian government aims to develop 100 airports by 2024 under the UDAN scheme and expects to invest $1.83 billion in the development of airport infrastructure by 2026. These factors are anticipated to spearhead the airport services industry in the forecast period.

Airport Services: Market Segmentation

Airport services are the services provided to airlines or an airport by its governing body to meet the potential revenues and the demands of passengers. The quality of airport services may differ because of economic, technological, and geographical differences. The airport services quality is multidimensional and measured, based on criteria such as functional quality, ground services quality, ticketing quality, security quality, and comfort quality, among others.

Global Airport Services Market by Segment

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By type, the market is bifurcated into:

  • International
  • Domestic

Based on application, the market can be divided into:

  • Aeronautical Services
    • Aircraft Ground Handling Services
    • Aircraft Maintenance Services
    • Passenger Services
  • Non-Aeronautical Services
    • Baggage Handling Services
    • Car Rental
    • Car Parking Services
    • Food and Beverages Services
    • Retail Services
    • Others

On the basis of infrastructure type, the market is segregated into:

  • Greenfield Airport
  • Brownfield Airport

The regional markets for airport services can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Airport Services Market by Region

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Increasing Passenger Traffic, Favourable Government Initiatives, and Technological Advancements to Augment the Market for Airport Services

The rising globalisation and the rapidly expanding tourism industry have significantly contributed to the growth of the total air passenger number, which is propelling the demand for airport services. In addition, the development of new regional and domestic routes and flights has also resulted in increased air traffic. The  growing government initiatives aimed at modernising the airport infrastructure and rising renovation activities of the existing airports are also estimated to play a vital role in the growth of the airport services industry.

Moreover, the rapid technological advancements and the growing research and development activities, in confluence with the integration of advanced solutions such as artificial intelligence (AI), CT walkaways, biometrics, check-in kiosks, automated self-service gates, and electrical grids, among others, are expected to bolster the market growth in the forecast period.

Key Industry Players in the Global Airport Services Market

The report gives a detailed analysis of the following key players in the global airport services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Fraport AG
  • Beijing Capital International Airport Co Ltd
  • Air General Inc.
  • Emirates Group
  • WFS Global S.A.S.
  • S.A.S. Services Group
  • LHR Airports Limited
  • Acciona, S.A.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Infrastructure Type
  • Region
Breakup by Type
  • International
  • Domestic
Breakup by Application
  • Aeronautical Services
  • Non-Aeronautical Services
Breakup by Infrastructure Type
  • Greenfield Airport
  • Brownfield Airport
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Fraport AG
  • Beijing Capital International Airport Co Ltd
  • Air General Inc.
  • Emirates Group
  • WFS Global S.A.S.
  • S.A.S. Services Group
  • LHR Airports Limited
  • Acciona, S.A.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global airport services market attained a value of nearly USD 175.18 billion.

The market is projected to grow at a CAGR of 15.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 625.97 billion by 2032.

The major industry drivers include the expansion of the aviation industry, rising number of domestic flights, expanding tourism industry, rapid globalisation, and the favourable government initiatives.

The key industry trends are the increasing passenger traffic and the rapid technological advancements.

The major regions in the industry are North America, Europe, the  Asia Pacific, Latin America, and the Middle East and Africa.

The major types of the service include international and domestic.

The significant applications include aeronautical services and non-aeronautical services.

The different market divisions, based on infrastructure type, include greenfield airport and brownfield airport.

The major players in the industry are Fraport AG, Beijing Capital International Airport Co Ltd, Air General Inc., Emirates Group, WFS Global S.A.S., S.A.S. Services Group, LHR Airports Limited, and Acciona, S.A., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124