Airlines Global Business Report 2024-2030: Low Cost Carriers (LCCs) to Expand Opportunities for MRO - A US$1.1 Trillion Market by 2030

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Apr 02, 2024, 05:00 ET

DUBLIN, April 2, 2024 /PRNewswire/ -- The "Airlines - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Airlines estimated at US$638.7 Billion in the year 2023, is projected to reach a revised size of US$1.1 Trillion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030.

Passenger Airlines, one of the segments analyzed in the report, is projected to record 8.2% CAGR and reach US$922.6 Billion by the end of the analysis period. Growth in the Freight Airlines segment is estimated at 5.4% CAGR for the next 8-year period.

The Airlines market in the U.S. is estimated at US$104.5 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$238.9 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Key Market Trends & Drivers

Air Passenger Traffic and Demand for Modern Aircraft Present Long-term Growth Opportunities for the Market
Business & General Aviation Segment Poised to Lead Future Growth in the Market
Demand for Airlines and Aircraft MRO Markets Foreseen
Need to Reduce Operating Costs Drives Growth in MRO Outsourcing Services
Low Cost Carriers (LCCs) to Expand Opportunities for MRO
Low Cost Airlines Market Gives Rise to Need for Right Sized MRO Practices and Procedures
Aging Aircraft Fleet Outlines the Importance of MRO Services
Critical Importance of MRO in Aircraft Safety Reinforces MRO Logistics Market
Airlines Market to Reap Benefit from New Era of Connected Aircraft
Big Data Transforming Aviation Sector
Emerging New Technologies for Urban Mobility to Step-Up the Excitement in the Market, Post Pandemic

The report features profiles of 350+ featured companies. A selection of companies in the report includes:

Japan Airlines Co., Ltd.
EVA Airways Corporation
Air Astana
Air New Zealand Ltd.
Cathay Pacific Airways Limited
FINNAIR
Icelandair
Emirates SkyCargo
Fly LEVEL SL
GOL (Gol Transportes Aereos)
Air Charter Service India Pvt Ltd. (ACS)
DHL Aviation
Changi Airport Group (Singapore)
Coast To Coast Travel Agency
Hotel Connections

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Airlines: A Prelude
Passenger Transport Sector
Cargo Transport
Industry Structure
Cargo vs. Passenger Traffic: A Comparative Overview
Airlines` Revenue Stream
Global Airlines Market: Prospects & Outlook
Antiquated Rules that Hampers Air Industry
World Airlines Market by Sector (2020 & 2027): Percentage Breakdown of Revenues for Passenger, and Freight
Advancements in Air Travel
Boom in Aviation Biofuels
Geographic Analysis
World Airlines Market by Region (2023 & 2030): Percentage Breakdown of Revenues for Developed and Developing Regions
World Airlines Market - Geographic Regions Ranked by CAGR (Revenues) for 2023 & 2030: China, Asia-Pacific, Latin America, Europe, Middle East, Africa, Canada, USA, and Japan
Competitive Landscape
Recent Market Activity
Airlines - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Trends in Commercial Aviation Activity
Expected Revenue Losses in Global Aviation (In US$ Billion) for the Year 2023
Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2039
Global Airline Industry: Number of Scheduled Passengers Boarded (in Million) for 2010-2023
Number of General Aviation Aircrafts Produced Worldwide for the Years 2010-2023
Global General Aviation Market: Revenue Share (in %) by Aircraft Type for 2023
Global Market for MRO (In US$ Million) for Years 2021, 2023, 2025, 2027
Low Cost Airlines Market Gives Rise to Need for Right Sized MRO Practices and Procedures: Global Low Cost Airlines Market (In US$ Billion) for the Years 2019, 2022 & 2025
Average Age of Globally Operating Aircraft Fleet (in Years): (2020 & 2030)
Average Age of Select Airlines Around the World (in Years): 2023
Global Number of Aircraft Accidents per Million Departures (2010-2023)
Global Number of Fatalities on Commercial Flights (2010-2023)
Global Number of Connected Aircraft (In Units) for the Years 2016, 2018, 2021, 2025 & 2029

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

United States
Canada
Japan
China
Europe
France
Germany
Italy
United Kingdom
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
United Arab Emirates
Rest of Middle East
Africa

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/hsma53

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