The airport service market is expected to reach $218.5 billion by 2024

   September 20, 2019
According to a new market report published by Lucintel, the future of the airport service industry looks promising with opportunities in the hospitality event, cargo handling, and aircraft handling services. The airport service industry is expected to reach an estimated $218.5 billion by 2024 and it is forecast to grow at a CAGR of 3.7% from 2019 to 2024. The major growth drivers for this market are rising air passenger traffic, opening of new airports, and expansion of new domestic and regional routes in the aviation market.

Browse 87 market data tables and 111 figures spread through 190 pages and in-depth TOC on “Airport Service Market"

To download report brochure, please go to and click "report brochure" tab from the menu .

Within this market, hospitality event, cargo handling, and aircraft handling are the major service segments. On the basis of its comprehensive research, Lucintel forecasts that the hospitality event and cargo handling services segments will show above average growth during the forecast period.

Europe is expected to remain the largest region due to the new Open Skies regulations, which ensure more flights in and out of Europe and also removes air-service limitations between the countries, helping to drive tourism and the airport service industry. Asia Pacific is expected to witness significant growth over the forecast period because of rising passenger traffic.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing trends of artificial intelligence in the air transport industry, introducing green gates to reduce emissions, introducing virtual technology to improve customer service, and increasing use of smartphone apps to helps the passenger for schedule planning. The major service providers in the airport service industry are Fraport Frankfurt Airport Services, Aeroports de Paris, Japan Airport Terminal, BBA Aviation, Beijing Capital International Airport, Tav Havalimanlari Holding, Sats, Auckland International Airport Limited, Flughafen Wien , and Malaysia Airports Holdings Berhad.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the airport service industry by service type and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Airport Service Industry 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the airport service industry by service type and region, as follows:

By Service Type ($ Billion from 2013 to 2024)

  • Hospitality Event Services

    • Baggage Handling Services

    • Catering Services

    • Passenger Parking Fields

    • Retail and Duty-Free Services

    • Special Passenger Care Services

    • Training

    • Security Services

  • Cargo Handling Services

    • Cargo Operations

    • Ground Support Services

  • Aircraft Handling and Related Services

    • Ramp Services

    • Runway Maintenance

    • Operation of Fueling

    • Aircraft De-icing

    • Others

  • Other Services

    • Cabin Cleaning and Sanitary Services

    • Real Estate Development

    • Others

By Region ($ Billion from 2013 to 2024)

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Russia

    • United Kingdom

  • Asia Pacific

    • China

    • Japan

    • India

  • The Rest of the World

    • Brazil

    • Argentina

This 190-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [164]
Construction & Industrial [70]
Consumer and Retail [142]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [163]
Transportation [141]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on