The Aircraft Leasing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Leasing Global Market Report 2024, The aircraft leasing market size has grown strongly in recent years. It will grow from $178.31 billion in 2023 to $195.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to globalization of aviation, cost-efficiency and flexibility, market deregulation, financial benefits for airlines, emergence of low-cost carriers..
The aircraft leasing market size is expected to see strong growth in the next few years. It will grow to $269.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rise of emerging markets, airline cost management, economic recovery and growth, sustainable aviation initiatives, shift to shorter leasing periods.. Major trends in the forecast period include fleet modernization, expansion of low-cost carriers, platform innovation, shift to operating leases..
The increasing demand for air travel is expected to propel the growth of the aircraft leasing market going forward. Air travel refers to transportation by air, typically in an airplane or helicopter. It involves using air transportation services to move from one location to another, either domestically or internationally. Aircraft leasing is a practice employed in the air travel industry where airlines lease aircraft from leasing companies instead of purchasing them outright. Leasing provides airlines with the flexibility to meet changing demand, expand or contract their fleet, and avoid the large upfront capital costs associated with purchasing aircraft. For instance, in February 2023, according to International Air Transport Association (IATA), the Canada-based trade association representing over 290 airlines worldwide, in December 2022, the global total traffic increased by 39.7% compared to December 2021. Further, European carriers saw a surge in demand of 46.5% during the same period. Therefore, the increasing demand for air travel is driving the growth of the aircraft leasing market.
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The aircraft leasing market covered in this report is segmented –
1) By Leasing Type: Wet Leasing, Dry Leasing
2) By Security Type: Asset-Backed Security (ABS), Non-ABS
3) By Aircraft Type: Narrow-body, Wide-body, Other Aircraft Types
The advancement of technologies is a key trend gaining popularity in the aircraft leasing market. Major companies operating in the aircraft leasing market are developing advanced analytics platforms to sustain their position in the market. For instance, in April 2023, LEASEWORKS, a US-based company that provides a cloud-based software solution for aircraft leasing and asset management launched LeaseWorks Utilization Tracker, a utilization records software for lessors. The Aeris MATCH software ecosystem incorporates the tracker, which streamlines the collection of usage records from airlines operating across multiple regions and asset groups. Lessors can assure compliance by scrutinizing and auditing airline utilization data, comparing aircraft usage patterns to the fleet and regional trends, and tracking aircraft movements by country or city.
The aircraft leasing market report table of contents includes:
1. Executive Summary
2.Aircraft Leasing Market Characteristics
3.Aircraft Leasing Market Trends And Strategies
4. Aircraft LeasingImpact Of COVID-19
5. Market Size And Growth
6.Aircraft Leasing Segmentation
7.Aircraft Leasing Regional And Country Analysis
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27. Aircraft LeasingCompetitive Landscape And Company Profiles
28.Aircraft Leasing Key Mergers And Acquisitions
29.Aircraft Leasing Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- AerCap Holdings N.V.
- Air Lease Corporation
- BOC Aviation Limited
- Aviation Capital Group LLC
- BBAM LLC
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