In a recent published report, Kenneth Research has updated the market report for Airport Infrastructure Investment in India Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Airport Infrastructure Investment in India Market products.
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According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
Aviation industry in India has a persistent pace of growth among the other industries in the world over the past many years. The government’s open sky policy has helped a lot of overseas players entering the aviation market in India with huge spending. Emerging business places, increased scope for connectivity, and government initiatives, new operating models of airlines, and tourism drives the dynamic growth of the Airport infrastructure development in India.
Airports offer access to essential infrastructure and services that facilitate air transport. In addition, airports can play a critical role for economic development on local, national and regional levels. The effective and efficient development and functioning of airports is therefore important for the sustainable development of air transport in particular and the economy as whole. The quality of airport infrastructure is a vital component of the overall transportation network, contributes directly to a country’s international competitiveness and the flow of foreign investment.
The report defines and segments the Indian Airport Infrastructure spending and identifies drivers and restraints for this market with insights on trends, opportunities, and challenges. Leading players of the industry are Jet Airways, Air India, Indigo, Spice Jet, Go Air, and etc.
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