Boston, MA -- (SBWire) -- 11/26/2014 --Despite the steady growth of the air travel industry in Romania, the air travel load at Romanian airports is still one third that of the major airports of countries in the EU. As much as 76% of all air travel volume is concentrated in the Henri Coanda Airport Bucharest (Otopeni). Large-scale investment projects have been recently undertaken at all major airports of the country including the Henri Coanda Airport; the second airport of Bucharest, the Baneasa Airport; and the regional airports like Cluj Napoca Airport, Targu Mures Airport, Oradea Airport and Suceava Airport. The largest increase in travel volume was recorded at the Targu Mures Airport since Wizzair, the top low-cost airline, has transferred some of its routes from Cluj Napoca and Timisoara airports.
Industry Prospects
Number of passengers and tourist transportation value over the forecast period are each expected to grow by a CAGR of 2%. Low cost carriers will show the fastest growth in terms of passengers (5% CAGR) and retail value (6% CAGR). Scheduled airlines will as well enjoy stable growth over the forecast period by 4% CAGR in terms of the number of tourists and by 3% CAGR in terms of sales revenue at constant 2013 prices. Some of the reasons for the growth of the scheduled airlines are the conversion of the low cost and scheduled air travel price and the entrance of new scheduled operators to the Romanian market. However, by the end of the forecast period low cost carriers will account for 54% of air passengers in Romania.
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Report Overview
Discover the latest market trends and uncover sources of future market growth for the Transportation industry in Romania with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Transportation industry in Romania, our research will save you time and money while empowering you to make informed, profitable decisions.
The Transportation in Romania market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- What is the market size of Transportation in Romania?
- What are the major brands in Romania?
- Is there a move from schedule to low cost carriers?
- Is there a shift away from air to rail?
- How well is capacity aligned with utilisation?
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New Market Report: Transportation in Romania
Recently published research from Euromonitor International, "Transportation in Romania", is now available at Fast Market Research