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Global Aviation Market in APAC To See 6.37 % CAGR Through 2015 To 2019

Research Beam adds a report titled “Aviation Market in the APAC 2015-2019“. According to the report, the global aviation segment would grow at a CAGR of 6.37 percent during the forecast period of 2015 to 2019. The extensive report covers that there has been a considerable rise in airport terminals to back the rising passenger traffic which is also an important trend being observed in many developing countries.

The report provides details on some popular airports that are busy upgrading their current terminals and introducing new runways to cater to the rising need of the passengers. Industry experts also adds that there has been a growing requirement to add new runways by many cargo shippers.  The all –inclusive research focuses on the construction of world class infrastructure in the aviation segment that is expected to benefit airports and help them carry out a smooth operation flow in terms of air cargos and transportation and enhance their non-aeronautical profitability.  The report is prepared taking into account the inputs from reputed industry experts who indicate that the aviation segment especially in the APAC region is ready to witness a speedy growth in the coming three to four years.

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Research analysts also reveal that growth in the middle-class populace along with the rapid rise in GDP has contributed to the growth of the aviation sector. The study also measures the inclination to air travel both in the youth and middle class which has also led to the growth of the aviation segment. The global aviation market report adds rapid growth in international tourism to countries such as Malaysia, China amongst others is boosting growth in the aviation market.

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