Wednesday, 30 January 2013

Global Airports Survey Market 2013-2014

Global Airports Survey 20132014: Market Trends, Buyer Spend and Procurement Strategies in the Global Airports Industry is a new report by ICD Research that analyzes how airport industry companies procurement expenditures, business strategies, and practices are set to change in 20132014. This report gives you access to the category-level spending outlooks, budgets, supplier selection criteria, business challenges, and investment opportunities of leading purchase decision makers.

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Introduction and Landscape

Why was the report written?
This report is the result of an extensive survey drawn from ICD Researchs exclusive panel of leading global airport industry executives; it provides data and analysis on buyer expenditure, procurement, and developments within the global airports industry. The report includes key topics such as global airport industry buyer expenditure and procurement behaviors and strategies, and identifies the threats and opportunities within the global airport industry, economic outlook trends, and business confidence within global airport industry executives.

What is the current market landscape and what is changing?
Executives from the global airport industry anticipate an increase in levels of consolidation, with 50% of respondents projecting an increase in merger and acquisition (M&A) activities in 2013.

Key Features and Benefits

Project industry trends and revenue growth expectations in 2013, and understand business confidence to make informed business decisions.

Drive revenues by understanding future product investment areas and key growth regions.

Uncover key challenges and opportunities, and identify the key actions required to maintain and win buyer business.

Formulate effective sales and marketing strategies by identifying how buyer budgets are changing and the direction of spending in the future. Better promote your business by aligning your capabilities and business practices with your customers changing needs

Secure stronger customer relationships by understanding the behavior and changing strategies of industry buyers.

Key Market Issues

 China, Brazil and the Middle East are the important emerging markets to offer growth in 2013.

Market uncertainty, cost containment, and responding to pricing pressure remain the leading business concerns for the global airports industry in 2013.

Overall, for 2013, the average size of the annual procurement budget for global airport industry buyer respondents is projected at US$73 million, against US$126 million in 2012 and US$68 million in 2011.

Level of service, price, financial strength and stability, and existing relationship with supplier are considered the most important factors for supplier selection in the global airports industry, while proximity of supplier operations, environmental records and CSR, and the knowledge of buyer's market are considered the least important.

While 16% of buyer respondents from the global airports industry are willing to implement e-procurement in 2013 or beyond, 43% are already in the different stages of implementation (partially implemented, completely implemented, and evaluation or pilot use)

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Key Highlights

An analysis of revenue growth expectations by senior level respondents reveals that 46% are more optimistic about their companys revenue growth in 2013.

A significant percentage of airport operator respondents highlighted capital expenditure towards facility expansion, IT infrastructure development, and employee training would increase in 2013.

The top three priorities for global airports industry buyer respondents in 2013 are improving operational efficiency, stabilize company finances, and expand in current market.

A total of 45% of respondents from airport operator companies, and 53% of respondents from airport support services companies and 52% of respondents from airport industry supplier companies anticipate a minimum of 2% increase of their current workforce in 2013.

Survey results show that, respondents from the global airports industry identified Singapore, Taiwan and Hong Kong to offer the highest growth potential among developed countries in 20132014.

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Hemendra Parmar
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Albany, NY 12207
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Tel: +1-518-618-1030