Exploring the role of technology in shaping the future of commercial aircraft leasing and its impact on market growth.
(PRUnderground) December 6th, 2023
According to a recent Technavio report titled “Commercial Aircraft Leasing Market,” the industry is expected for rapid growth in the coming years, with a projected increase of USD 19.46 billion and a CAGR of 9.48% from 2022 to 2027. Affordability is a key driver for the expansion of the commercial aircraft leasing market in the face of high demand in the aviation sector. Intense competition among operators prompts airlines to focus on enticing customers with appealing services, often resorting to discounts that impact their profitability, leading to narrow profit margins.
The Asia-Pacific (APAC) region is anticipated to play a significant role, contributing 43% to the overall market growth. This growth is attributed to the flourishing air travel in APAC, propelled by the success of the Low-Cost Carrier (LCC) model. Predictions indicate that APAC will represent approximately half of global air passenger traffic in the next two decades. Fleet operators in the region are increasingly seeking energy-efficient aircraft, creating opportunities for commercial aircraft leasing companies to implement competitive pricing strategies while expanding their services in APAC.
Technavio identifies several emerging trends in the Commercial Aircraft Leasing Market, including the influence of major aircraft suppliers on lessors, challenges posed by supplier delivery delays, potential overproduction leading to an aircraft surplus, and the persistent dependence on major suppliers fueling market growth.
The market is segmented by product (Narrow-body Aircrafts, Wide-body Aircrafts, Regional Aircrafts), type (Wet Lease, Dry Lease), and geography (APAC, Europe, North America, South America, Middle East, and Africa). The narrow-body aircraft segment is expected to significantly contribute to market share during the forecast period, driven by their efficient single-aisle cabin design and two-engine configuration.
Major players in the Commercial Aircraft Leasing Market include Aircastle Ltd., Deucalion Aviation Ltd., and AerCap Holdings N.V. These companies are at the forefront of market growth, with a focus on addressing industry challenges and adapting to evolving demands.
In summary, the Commercial Aircraft Leasing Market is experiencing substantial growth, fueled by airlines’ preference for leasing over purchasing, cost considerations, and industry competition. Challenges associated with major suppliers and market dynamics exist, but the market remains promising amid regional demands and strategies implemented by key players. To gain a detailed analysis of the market, download the sample report now.
Related Reports:
Commercial Aircraft Disassembly, Dismantling, and Recycling Market: The commercial aircraft disassembly, dismantling, and recycling market share is expected to increase to USD 791.63 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.1%.
Commercial Aircraft PMA Market: The commercial aircraft PMA market is estimated to grow at a CAGR of 5.66% between 2022 and 2027. The size of the market is forecast to increase by USD 206.72 million.
TOC
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by Type
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
The post Commercial Aircraft Leasing Market set to grow $19.46B between 2022-2027. Demand rises as leasing offers affordability, fueling market expansion – Technavio. first appeared on
Original Press Release.
