Airport Non-Aeronautical Revenue Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Airport Non-aeronautical revenue is also an important part of an airport's bottom line. This source of revenue helps to produce higher net profit margins while also providing airports with more income sources to diversify, which serves as a buffer during economic downturns when passenger numbers may drop or passenger spending may decline in one or more areas. In terms of non-aeronautical revenue, retail concessions, car parking, and real estate lead the way globally. As a revenue source, retail and food and beverage are both growing at the fastest rates, but there are regional variations. Airports will continue to invest in their existing retail areas while diversifying their revenue portfolio by generating new revenue sources - this has become a commonly accepted strategy for all airports, regardless of scale. Understanding passengers, their spending patterns, and the overall performance of the non-aeronautical sector will continue to be critical factors in airport financial growth.

MARKET DYNAMICS

The growing focus on value-added services is one of the key growth drivers for this industry. Despite global economic threats, passenger traffic at airports in both advanced and emerging economies remained high, with annual growth rates exceeding historical averages. The continued recovery in manufacturing and foreign trade, as well as an increase in business sentiment, boosted this result, fostering confidence, investment, and growth in airports around the world. Though development has slowed recently, opportunities abound - and many airports are bucking the trend by investing in cutting-edge facilities and amenities in areas such as airport parking, shopping, and food and beverage.

MARKET SCOPE

The "Global Airport Non-Aeronautical Revenue Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global airport non-aeronautical revenue market trend analysis. The airport non-aeronautical revenue market report aims to provide an overview of the airport non-aeronautical revenue market with detailed market segmentation by services, application, and geography. The global airport non-aeronautical revenue market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading airport non-aeronautical revenue market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global airport non-aeronautical revenue market is segmented on the basis of services, and application. Based on services, the airport non-aeronautical revenue market is segmented into: concessionaires, parking and car rentals, land rental, terminal rent by airlines, and other services. On the basis of application, the airport non-aeronautical revenue market is segmented as private airport, and general airport.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global airport non-aeronautical revenue market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The airport non-aeronautical revenue market by each region is later sub-segmented by respective countries and segments. The airport non-aeronautical revenue market report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the airport non-aeronautical revenue market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forcesanalysishighlighting factors affecting the airport non-aeronautical revenue market in these regions.

MARKET PLAYERS

The reports cover key developments in the airport non-aeronautical revenue market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from airport non-aeronautical revenue market are anticipated to lucrative growth opportunities in the future with the rising demand for airport non-aeronautical revenue in the global market. Below mentioned is the list of few companies engaged in the airport non-aeronautical revenue market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the airport non-aeronautical revenue market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Aena
  
•   Aeroports de Paris
  
•   Airport Authority Hong Kong.
  
•   Airports of Thailand Public Co.,Ltd.
  
•   Fraport AG Frankfurt Airport Services Worldwide
  
•   Heathrow SP Ltd.
  
•   Japan Airport Terminal Co., Ltd.
  
•   Kobenhavns Lufthavne A/S
  
•   Korea Airports Corporation.
  
•   VINCI
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Airport Non-Aeronautical Revenue Report Scope