What is Airport Construction and Design Market?
It involves planning, designing, and construction of terminals, runways, and other ancillary facilities for airlines to operate. Developing an airport requires huge amount of capital and anticipation of future growth of airlines and passengers. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Highlights from Airport Construction and Design Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Hensel Phelps Construction (United States), Turner Construction Co. (United States), Skanska (United States), Austin Commercial (United States), GMR Hyderabad Aerotropolis Limited (India), AECOM (United States), Gannon Dunkerley & Company Limited (India), Valecha Engineering Limited (India), Er. Deva Constructions & Contractors Private Limited (India), McCarthy Building Companies (United States), Brannon Corp (United States), Gilbane Building Company (United States), SEH Inc (United States), Beca Group (New Zaland), Ledcor Group of Companies (United States) and Kimley-Horn (United States) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Airport Construction and Design market throughout the forecasted period.
Hensel Phelps Construction (United States), Turner Construction Co. (United States), Skanska (United States), Austin Commercial (United States), GMR Hyderabad Aerotropolis Limited (India), AECOM (United States), Gannon Dunkerley & Company Limited (India), Valecha Engineering Limited (India), Er. Deva Constructions & Contractors Private Limited (India), McCarthy Building Companies (United States), Brannon Corp (United States), Gilbane Building Company (United States), SEH Inc (United States), Beca Group (New Zaland), Ledcor Group of Companies (United States) and Kimley-Horn (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Manhattan Construction Group, Inc. (United States), Doran Consulting (United Kingdom), The Walsh Group Ltd (United States), GMR Group (India), ABH Treeland (India), Fosroc (Dubai) and Afco LTD (India). Airport Construction and Design Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Runways, Taxiways and Aprons |
Type | Civil airports, Heliports and Seaplane bases |
Services | Design-Build Services,Construction Services |
On the basis of geography, the market of Airport Construction and Design has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Future Technological Trends and Smart Cities to Connect Humanity Directly to Generate a New Urban Fabric within the Existing Airport Landmass of Heathrow
Market Growth Drivers:
Increase in Government Spending on Airport Construction and Design is Growing the Demand and Growing Need for Automation at Public Airports with Changing Consumer Preferences
Challenges:
In the U.S. Airport Development Faces more Regulation than in many other Countries
Restraints:
Airport Projects are Involved with many Considerations and Issues Hence can Hamper the Growth
Opportunities:
Development of the Land to Build the Terminals and Base, and Building the Infrastructure for the Ancillary Facilities and Increasing new Developments and Investment in Emerging Countries
Key Target Audience
Airport Construction and Design Organization, Airport Construction and Design Manufacture, Government Construction Associations, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 8th July 2020, Groupe ADP has completed the purchase of 49% stake in GMR Airports, a unit of India’s GMR Infrastructure (GIL). The acquisition was conducted in two stages, with the first phase for a 24.99% stake carried out a few days after the announcement.
On 5th Aug 2022, GMR Goa International Airport Limited (GGIAL), a subsidiary of GMR Airports Limited (GAL), is developing a Greenfield Airport at Mopa in North Goa. This Airport Project is based on the Public Private Partnership (PPP) model, which is based on a Design, Build, Finance, Operate and Transfer (DBFOT) basis.