Global Airport Construction Projects Market 2018 Analysis by Stage and Funding for the Top 10 Countries: A total value of US$737.3 billion globally

GlobalData’s Construction Intelligence Center (CIC) is currently tracking airport construction projects globally with a total value of US$737.3 billion. Of this, US$212.0 billion is in the planning stage. 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 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.

Airport construction growth is mirroring the growth in air travel, 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. Asia-Pacific’s population growth coupled with strong economic performance, is creating an affluent middle-class market, which is increasing demand for air travel.

Increases in household incomes in many countries, notably China and India, as well as the rapid growth of Asian low-cost carriers, are driving expansion in air travel. The Airports Council International (ACI) monitored growth of 6.6% in air passenger transport in the year to February 2018. The forecast 2016 - 2040 from the ACI is for a 4.5% per annum growth in air passenger traffic with a 2.5% growth in air cargo in the same period.

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By 2022 passenger traffic of 5.4 billion in the emerging economies is expected to surpass the advanced economies at 5.3 billion, showing high growth particularly in Asia-Pacific. By 2040 the dominance of the emerging economies is expected to account for 61.6% of traffic at 13.7 billion against the 38.4% of the advanced economies at 8.6 billion.

Key Highlights:
- The highest value of projects are at the execution stage, with US$358.5 billion, followed by projects at the planning stage with US$212.1 billion.
- The US leads the global project pipeline, with projects valued at US$114.9 billion, followed by China with US$67.1 billion.
- Public investment is responsible for the funding of the highest proportion of projects, with 67%, with joint public/private funding at 26% and the remaining 7% of projects financed by private funding.
- Assuming all projects tracked go ahead as planned, annual spending would reach US$105.5 billion in 2019.

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.

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Key Points from TOC:
1. Global Overview 6
2. Regional Overviews 10
2.1. The Americas 10
2.2. Europe 15
2.3. Asia-Pacific 20
2.4. Middle East and Africa 26
3. Key Operators 31
3.1. The Americas 31
3.2. Europe 32
3.3. Asia-Pacific 33
3.4. Middle East and Africa 34
4. Project Analytics by Country 35
4.1. The US 35
4.2. China 36
4.3. The UAE 37
4.4. The UK 38
4.5. Turkey 39
4.6. Philippines 40
4.7. Qatar 41
4.8. India 42
4.9. Hong Kong 43
4.10. Saudi Arabia 44
5. Methodology 45
6. Disclaimer 46

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