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

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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