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Global Airport Construction Projects Market Size Study, by Funding (Public, Private, Hybrid), by Application (Defense & Military, Commercial & Civil) and Regional Forecasts 2024-2032

Global Airport Construction Projects Market Size Study, by Funding (Public,...

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Global Airport Construction Projects Market Size Study, by Funding (Public, Private, Hybrid), by Application (Defense & Military, Commercial & Civil) and Regional Forecasts 2024-2032
Global Airport Construction Projects Market...
Report Code
RO4/103/1205

Publish Date
13/Sep/2024

Pages
200
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Global Airport Construction Projects Market was valued at approximately USD 1162.31 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.31% over the forecast period of 2024-2032. An airport construction project involves the planning, design, and development of infrastructure to build or expand an airport. This includes constructing runways, taxiways, terminals, control towers, and support facilities, as well as installing navigation and safety systems. The project encompasses various stages, from initial feasibility studies and environmental assessments to detailed engineering and project management. Furthermore, trends such as technological advancements play a crucial role in modern airport construction projects. Incorporating automated systems, smart infrastructure, and digital solutions enhances operational efficiency and security measures while providing passengers with a seamless travel experience. Additionally, the globalization of supply chains and business interconnectivity fuels the demand for enhanced cargo facilities. Airports are investing in dedicated cargo terminals and expanded apron areas to handle larger aircraft and increased cargo volumes, underscoring the critical role of air freight in the global economy.

The surge in air travel demand necessitates significant airport infrastructure enhancements. Airports globally are compelled to expand and modernize their facilities to handle the increasing influx of passengers, driven by factors such as economic growth, urbanization, and a burgeoning middle class. This infrastructure expansion includes constructing new terminals, expanding existing ones, and integrating advanced technologies to streamline operations and enhance passenger experiences. Furthermore, large-scale airport construction projects are pivotal in addressing capacity constraints. By expanding terminals and enhancing facilities, airports can efficiently manage the growing number of flights and passengers. These projects, encompassing additional boarding gates, security checkpoints, and baggage handling systems, not only accommodate more travelers but also enhance the overall passenger experience. Consequently, such developments facilitate economic growth, bolster international trade, and generate employment opportunities within the construction and aviation sectors. In addition, sustainability is also a key focus in modern airport construction projects. Airports are increasingly adopting green building practices, energy-efficient technologies, and eco-friendly designs to align with environmental initiatives and reduce the carbon footprint of the aviation industry.

The key region in the Airport Construction Projects Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, The North American market dominates the airport construction projects industry due to its substantial passenger volumes, extensive air transportation network, and robust aviation sector. Continuous infrastructure investments and technological advancements further bolster North America's leading position. Europe follows as the second-largest market, driven by rising air travel demand and stringent regulatory requirements. The Asia-Pacific region, experiencing rapid economic growth and urbanization, is projected to grow at the fastest CAGR, with China and India leading the expansion efforts in this dynamic market.

Major market players included in this report are:
Gilbane Building Company
Ledcor Group
Kimley-Horn
Doran Consulting
GMR Group
Treeland Builders
Fosroc
AFCONS Infrastructure Limited - A Shapoorji Pallonji Group Company
Hensel Phelps
AECOM
Skanska
Turner Construction
Bechtel
VINCI
Jacobs Engineering Group
The detailed segments and sub-segment of the market are explained below:
By Funding:
Public
Private
Hybrid
By Application:
Defense & Military
Commercial & Civil
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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