The turnover of services incidental to air transportation in France demonstrated significant variability from 2013 to 2023. Initial growth from 2013 to 2019 saw a cumulative year-on-year increase, but the trend was interrupted by a dramatic 47.75% decline in 2020 due to the impact of the COVID-19 pandemic. Recovery commenced in 2021 with a substantial 55.35% increase, followed by steady growth through 2023, culminating in a turnover of 6.8 billion Euros by 2023.
Analyzing the compound annual growth rate (CAGR) over the last five years shows a recovery with a 2.81% average increase per year. Looking forward, the forecasted CAGR over the next five years is moderate at 1.99%, with a predicted turnover reaching 7.71 billion Euros by 2028, signifying a 10.35% growth rate over the forecasted period.
Future trends to watch:
- Potential impacts of sustainable aviation and environmental regulations on service costs.
- Technological advancements enhancing operational efficiencies.
- Shifts in global travel demand post-pandemic, influencing market dynamics.
