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Airport Terminal Construction - Industry Market Research Report

  • May 2016
  • -
  • Ibisworld
  • -
  • 31 pages

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Taking flight: Government investment and rising air traffic will propel industry revenue



Abstract

Airport Terminal Construction

Over the five years to 2016, the Airport Terminal Construction industry is expected to increase due to strong government support and a number of large-scale projects. This growth rate, however, masks the industry's year-over-year volatility, which illustrates the industry's reliance on reauthorization of government programs such as the Airport Improvement Program as well as anticipated and planned capacity increases. Over the next five years, the industry is forecast to continue its expansion as federal funding for transportation widens as a result of recovering tax revenue. Local and government investment is projected to recover, though at a slow pace. As such, the industry is expected rely more on federal support and airport-generated revenue. Capacity increases will be necessary in a number of metro areas to mitigate congestion, spurring terminal construction.

Operators in this industry construct airport terminals, with contractors specifically engaging in new terminal construction, reconstruction and additions. This industry also includes construction management companies and special trade contractors that participate in the building of airport terminals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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