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Airport Terminal Construction in the US - Industry Market Research Report

Airport Terminal Construction in the US - Industry Market Research Report

  • February 2019
  • 32 pages
  • ID: 5103731
  • Format: PDF
  • By Ibisworld

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Flying high: Federal funding is expected to taper, but rising air travel will lift up demand

Abstract

Airport Terminal Construction
The Airport Terminal Construction industry comprises companies that engage in new terminal construction, reconstruction and additions. Industry performance is heavily tied to government funding for transportation, long-term demand for air travel and business confidence. Over the five years to 2018, IBISWorld expects industry revenue to rise, due to strong demand and the tendering of several large-scale projects. However, funding for both transportation and local and state government investment have both been inconsistent and tepid. Uneven movements in both sources of funding have held back industry revenue growth. Over the five years to 2023, the industry is forecast to continue its expansion at an accelerated pace. Moreover, federal funding for transportation is expected to rise over the five years to 2023. As a result, the industry is expected to rely a bit more on federal support, though the instance of private-public partnerships is rising, which are expected to boost operating efficiencies.

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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