The Airport Terminal Construction industry experienced moderate growth over the past five years, but slowed considerably in 2009 because of high unemployment levels and low per capita disposable income, which reduced discretionary spending and caused consumers reduce flights. However, federal stimulus spending on transportation prevented the industry from experiencing the steep losses seen in the overall construction sector. Government spending on transportation, which was somewhat inconsistent during the past five years, is expected to continue supporting revenue over the next five years. As disposable incomes, demand for air travel and aircraft capacities increase, airports will engage industry operators to modernize their facilities.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.