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Lucintel Forecasts Steady Growth for Global Airport Services Industry.
Iriving, Texas (PRWEB) March 23, 2013
The global airport services industry comprises operators of airports and companies providing related support such as landing and take-off services, operation of fueling, runway maintenance, hangar rental, duty-free shops, security, baggage handling services, and cargo handling services. The global airport services industry is forecast to reach an estimated $157.2 billion in 2018 with good growth over the next five years (2013-2018).
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in “Global Airport Services Industry 2013-2018: Trend, Profit, and Forecast Analysis.” The North American region dominates the industry and represents the largest industry share. A combination of factors such as air traffic rates and the emergence of low-cost carriers affect market dynamics significantly.
Lucintel's report provides an overview of the industry’s challenges. The industry is fragmented with the top five and top 10 players accounting for approximately 7.4% and 10.8%, respectively, in 2012. The airport services industry registered dynamic growth in the last couple of years because of the growth in the passenger and cargo movement and ground handling services.
Despite challenges to the industry, it has several growth drivers that are covered by the report as well. Increasing traffic of air transportation services of passengers and cargo, strong demand of low-cost carriers especially in emerging nations, and implementation of open skies policies are some of the growth drivers of this industry. Development of infrastructure in emerging nations also provides an additional impetus to the growth of global airport services industry.
This market research report is an indispensable reference guide for airport services management staff, premium and low-cost carriers, investors investing in this industry, cargo services staff, and many more that operate in this industry. To make business, investment, and strategic decisions, timely, useful information is needed, which is fulfilled by this market report.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel’s Opportunity Screening and Business Strategy Consulting services have supported decision makers in achieving their growth objectives.
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