Global Fixed-base Operators Market 2019-2023
About this market
Collective pooling of airside equipment to drive growth in the market. Vendors operating in the market require ground handling equipment to provide different services at airports. Various airports across the globe have introduced a new innovative concept of equipment pooling to increase operational efficiency and reduce operating costs. Technavio’s analysts have predicted that the fixed-base operators market will register a CAGR of almost 5% by 2023.
Global airport infrastructure growth
The evolution of airport plays an important role in a country’s economy. With the rise in airport infrastructure the demand for FBOs is expected to increase to streamline various operations, including fueling, hangaring, parking, and aircraft maintenance.
Volatility of fuel prices
Fluctuations in fuel prices have direct impact on the cost of services offered by FBOs. Operators face uncertainties with regard to profit margins.
For the detailed list of factors that will drive and challenge the growth of the fixed-base operators market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Swissport and TAG Aviation the competitive environment is quite intense. Factors such as the rising airport infrastructure and the collective pooling of airside equipment, will provide considerable growth opportunities to fixed-base operators. BBA Aviation, dnata, Jetex, Swissport, and TAG Aviation are some of the major companies covered in this report.
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