Airports in China - Industry Market Research Report

Over the five years through 2023, revenue for the Airports industry in China is expected to fall at an annualized 0.5%, primarily due to the negative effects of the COVID-19 pandemic. Previously, cultural exchange campaigns between China and other countries contributed to revenue growth. However, revenue growth slowed in 2020 due to the global economic slowdown attributable to the COVID-19 outbreak, and fiercer competition from high-speed railways. In 2023, industry revenue is anticipated to rise by 8.6%, to $18.2 billion. Airports in China provide aeronautical (aircraft landings and take-offs, ground support services and firefighting) and nonaeronautical (advertising space leasing, leasing properties within terminals, parking lot operations and ground handling facilities) services to airlines and passengers. Independent businesses, specialized freight airports and airports for other uses are excluded from this industry. 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.