Airport Construction Global Market is Projected to Reach $1.8 Trillion by 2030: Airports Embrace New Solutions to Integrate Technology into Construction Projects


Dublin, June 19, 2023 (GLOBE NEWSWIRE) -- The "Airport Construction: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Airport Construction estimated at US$1.3 Trillion in the year 2022, is projected to reach a revised size of US$1.8 Trillion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030.

Greenfield Construction, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$459.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Airport Replacement segment is readjusted to a revised 3.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $123.9 Billion, While China is Forecast to Grow at 7.2% CAGR

The Airport Construction market in the U.S. is estimated at US$123.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$201.6 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 2.7% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$535.8 Billion by the year 2030.

Select Competitors (Total 58 Featured) -

  • AECOM
  • Austin Industries
  • Bechtel Corporation
  • Fluor Corporation
  • Hensel Phelps Construction Company
  • Hill International, Inc.
  • GMR Group
  • Jacobs Engineering Group
  • L&T Construction
  • McCarthy Holdings, Inc.
  • PCL Constructors, Inc.
  • Skanska USA, Inc.
  • Suffolk Construction
  • Sundt Construction
  • TAV Construction
  • The Walsh Group
  • Turner Construction Company

Key Attributes:

Report AttributeDetails
No. of Pages467
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.3 Trillion
Forecasted Market Value (USD) by 2030$1.8 Trillion
Compound Annual Growth Rate4.2%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Airport Construction
  • Airport Construction Market: Poised for STable Growth
  • Global Economic Outlook: Implications for Airport Construction Market
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
  • Airport Construction - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Surging Demand for Air Travel Drives Need for New Airport Construction and Expansion Projects
  • Demand Growth in Global Air Traffic Passenger Traffic for the Period 2006-2019
  • Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2011 to 2025F
  • Shift towards Larger Aircrafts, Increase in Aircrafts in Operation and Number of Flights Undertaken by Airlines: A Market Opportunity
  • Global Aircraft Fleet by Aircraft Type for the Years 2018 and 2038
  • Number of Flights Performed by Airline Industry Worldwide in Millions for the Years 2011, 2013, 2015, 2017 and 2019
  • Increasing Investments into New Airport Constructions, Development Projects & Modernization Plans
  • Global Investments into New and Existing Airport Construction Projects in US$ Billion for the Years 2018-2022
  • Airport Improvement Projects: Percentage Breakdown of Global Investments for Improvement of Existing Airport by Type for the Period 2018-2022
  • Airport Construction Projects Scheduled for Conclusion in the Near Future: A Review
  • Existing Airport Construction Projects in Asia-Pacific
  • New Airport Construction Projects in Asia-Pacific
  • Existing Airport Construction Project in the United States
  • Airport Construction Project in Latin America
  • Number of Airports Worldwide with Paved Runways by Select Countries
  • World's Largest Airport Construction Projects
  • Airport Construction Projects Worldwide: Percentage Breakdown of Investment by Funding Type for the Year 2018
  • Emergence of Smart Airports: An Opportunity for Growth
  • Global Smart Airports Market: Annual Spending Figures in US$ Million by Geographic Region for the Years 2018 and 2024
  • Latest Trends Promoting Airport Construction Efficiency
  • Airports Embrace New Solutions to Integrate Technology into Construction Projects
  • Technology Advancements in New Airport Terminal Projects
  • Technology Integration at Airport and Terminal Construction Stages Offers Significant Advantages
  • Engineered Fabric Buildings in Airport Construction
  • Advantages of Engineered Fabric Structures
  • Environmental Sustainability, Pollution and Waste from Airports: Major Concerns for Airports Worldwide

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/cmib9l

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Global Market for Airport Construction

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