Industry Analysis & Industry Trends
Over the five years to 2016, revenue for the Airports industry in China has been growing at an annualized rate of 10.1%, driven by the rapid development of the Chinese economy. Cultural exchange campaigns between China and other countries also contributed to revenue growth. However, affected by the continued global economic slowdown and fiercer competition from high-speed railways, growth is expected to slow ito 8.3% in 2016.
The Airport industry in China is sensitive to general economic conditions and passenger volumes. Some short-distance airline services may be seen as non-essential, as cheaper substitutes are often available.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the decade to 2021, industry value added is expected to increase at an annualized rate of 8.4%, higher than China's average GDP growth rate (6.5%) during the same period. The rapid overall growth of the industry is mainly driven by rising demand for downstream air passenger transportation services.
The average airport density was calculated at about 20.9 units per million square kilometers in China in 2014, with the level being the highest at 52.6 in East China and the lowest at 9.77 in North West China. This is much lower than that in developed countries. The US, for example, with a similar land size to China, has 65 airports per million square kilometers... purchase to read more