The turnover in the Service Activities Incidental to Air Transportation Sector in France reached 6.8 billion Euros in 2023. After experiencing a significant drop to 3.15 billion Euros in 2020 due to the pandemic, the sector showed strong recovery with a 55.35% year-on-year increase in 2021 and continued growth into 2023 at a 13.7% year-on-year increase. Over the past two years, the turnover grew significantly, demonstrating resilience and adaptation. The 5-year CAGR from 2018 to 2023 stands at 2.81%, reflecting positive long-term growth despite the 2020 downturn.
Looking ahead to the forecasted period from 2024 to 2028, turnover is expected to grow steadily, although at a moderate 5-year CAGR of 1.99%. This indicates a more stabilized and sustainable growth trajectory post-pandemic. The expected growth rate for the next five years is 10.35% cumulatively.
Future trends to watch for include the impact of technological advancements in air transportation services, the ongoing recovery of global air travel, the potential influence of regulatory changes, and the sector's efforts towards sustainability and reducing carbon footprints.
