Global Aerotropolis Market 2017-2021
An aerotropolis or airport city is a metropolitan sub-region developed surrounding an airport. Its land-use, infrastructure, and economy are centered around the airport. It consists of connecting surface transportation infrastructure; airport’s aeronautical, logistics, commercial spaces, and outlying corridors; and clusters of aviation-oriented commercial and residential developments that feed off each other and their accessibility to the airport.
Technavio’s analysts forecast the global aerotropolis market to grow at a CAGR of 9.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aerotropolis market for 2017-2021. To calculate the market size, the report considers annual investments for the development of aerotropolis across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aerotropolis Market 2017-2021
Technavio recognizes the following companies as the key players in the global aerotropolis market: Austin Industries, HENSEL PHELPS, Skanska, Turner Construction, and Walsh Group.
Other Prominent Vendors in the market are: Balfour Beatty, Clark Construction, Manhattan Construction, McCarthy Building Companies, and The Whiting-Turner Contracting Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is establishment of connected transportation network. Aerotropolis is a fairly new concept and requires significant investment. Globally, groups and organizations have adopted various strategies to initiate the aerotropolis plan.”
According to the report, one driver in the market is rise of airport-centered urban development. Airports are gradually becoming the new dynamic centers of various economic activities. They have incorporated several commercial services, both inside passenger terminals and on landside areas. With the growing demand for airport-centric operations, the urban economic region development is significantly driving the market to enhance globalization and digitalization in airports.
Further, the report states that one challenge in the market is cost-intensive market penetration. Though factors, such as growing passenger traffic and significant investments, are driving airports' non-aeronautical revenue, few challenges hinder the growth of the market. For instance, most domestic or regional airports are only used for arrival and departure and offer very few concessionaires.
Austin Industries, HENSEL PHELPS, Skanska, Turner Construction, Walsh Group, Balfour Beatty, Clark Construction, Manhattan Construction, McCarthy Building Companies, and The Whiting-Turner Contracting Company.
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