Project Insight - Global Airport Construction Projects, GlobalData
NEW YORK, Oct. 4, 2018 /PRNewswire/ -- Project Insight - Global Airport Construction Projects
Summary
Read the full report: https://www.reportlinker.com/p05575107
Airport and Air travel growth is expected to follow growth in global regional economies, with Asia-Pacific and the Middle East performing strongly.The Middle East acts as an 'aviation bridge' for long haul flights north to south and east to west.
The need to expand and redevelop existing airports in Europe is driving growth in the region.Asia-Pacific is projected to lead growth globally, due to fast-growing emerging markets such as India and Vietnam.
Rising numbers in the affluent middle class in developing countries in Asia-Pacific and the Middle East and Africa (MEA) are driving demand for air travel, while increased competition among low-cost airlines is increasing the number of flights worldwide.
Currently, it is projected that airport construction projects globally is valued at US$737.3 billion. Of this, US$212.0 billion is in the planning stage and Asia-Pacific accounts for the highest value with US$241.4 billion, followed by the Middle East and Africa with projects valuing US$196.4 billion.The Americas follow with projects with a value of US$153.7 billion and Europe has projects valued at US$145.8 billion. By country, the US heads up airport project investment with US$114.9 billion followed by China with projects valuing US$67.1 billion.
The high capital investment involved in airport construction means that public funding is responsible for the highest proportion of investment, with 67%.This is followed by joint public/private investment, while private investment is responsible for just 7% of airport funding.
The Middle East and Africa has the highest proportion of public funding for projects, with 80% and Europe has the highest proportion of joint public/private funding for projects, with 34%.
Assuming all projects tracked go ahead as planned, annual spending will reach US$105.5 billion in 2019. The highest value of completions for projects will occur in 2020, with a value of US$89.8 billion. The largest projects currently in the pipeline are the US$37.1 billion Al Maktoum International Airport in the UAE followed by the US$36.0 billion Istanbul New Airport in Turkey.
Scope
- The report provides analysis based on CIC projects showing total project values and analysis by stage and funding for the top 10 countries.
- The top 50 global projects are listed giving country, stage, value of airport construction.
- Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers and project owners.
- Country profiles are provided for the top 10 countries including the US, China and the UAE.
Reasons to buy
- Gain insight into the development of the airport construction sector.
- Assess all major projects by value, start date, scope and stage of development globally, for the regions and top 10 countries to support business development activities.
- Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.
Read the full report: https://www.reportlinker.com/p05575107
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