Industry Analysis & Industry Trends
In the five years through 2014, revenue for the Airport industry in China has been growing at an annualized rate of 9.6%, driven by the rapid development of the Chinese economy. Cultural exchange campaigns between China and other countries also contributed to revenue growth. However, growth is expected to slow be below average in 2014, as the continued smogt in large cities like Beijing is severely affecting the operations of airlines nationwide. Competition from high-speed rail is also suppressing demand for airlines, considering its lower price and convenience.
The industry has changed significantly over the past five years.... purchase to read more
Industry Report - Industry Locations Chapter
By the end of 2014, ACMR-IBISWorld anticipates that there will be 193 airports with scheduled passenger flights across China (excluding Hong Kong and Macao). However, the scale of airport operations varies considerably from region to region and is generally proportional to air passenger numbers. Geographic distribution of the industry largely reflects economic development levels, population size, tourism resources, and competition from local road and railway transportation.
As a high-end transportation mode, air passenger transport is highly concentrated in cities with large populations and well-developed economies. Airports in Beijing, Guangzhou, Shanghai, and Shenzhen jointly account for over 40.5% of total industry revenue... purchase to read more