July 13, 2022
According to the research report titled ‘Global Airport Ground Transportation Market Size study, by Airport Type (Domestic and International), by Infrastructure Type (Greenfield Airport, Brownfield) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global airport ground transportation market is anticipated to showcase decent growth over 2022-2028.
Report findings suggest that growing demand for domestic flights and low-cost airlines, as well as soaring usage of GPS around the world are the major growth determinants for global airport ground transportation market.
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For the unversed, ground transportation of goods from an airport to a destination is referred to as airport ground transportation. Rising government initiatives and significant investments by the private players to improve airport infrastructure and services are expected to bolster industry outlook in the coming years.
However, lack of skilled professionals, and the equipment's short lifespan may stifle market growth during the analysis timeframe.
Based on airport type, the market is split into international and domestic. In terms of infrastructure type, worldwide airport ground transportation industry is bifurcated into brownfield and greenfield airport.
Regionally, North America (U.S., Canada), Europe (UK, France, Germany, Spain, Italy), Asia Pacific (China, South Korea, India, Australia, Japan), and Latin America (Mexico, Brazil) are strategically analyzed to comprehend the most recent trends and spot potential business opportunities across different geographies.
Among these, North America industry holds a major revenue share at present, owing to rising number of domestic and international flights in the region.
Whereas Asia Pacific market share is poised to increase at a healthy CAGR over the stipulated timeframe, on the back of growing demand for airport ground transportation equipment & services from aviation sector in the region.
The report also examines the competitive landscape and the history of significant players who support the industry’s revenue inflow. The established companies profiled in global airport ground transportation market report are Airport Associates, Fraport AG, Payless, Thrifty Car Rental, Dollar Rent A Car Inc., Avis Car Rental, Alamo Rent a Car, The Hertz Corporation, and Uber Technologies Inc.