Aircraft Leasing Market Size Projected to Touch USD 295.18 Billion, At 7.8% CAGR By 2029
According to the latest research study, the report predicts the global size & share of Aircraft Leasing Market to reach around USD 295.18 Billion By 2029 from USD 167.81 Billion in 2021. The global Aircraft Leasing Market is anticipated to register a significant CAGR of 7.8% by 2029.
Aircraft leasing is when aircraft is looking to enlarge its fleet but is falling short of cash to buy an aircraft immediately. The company might be new or has just got out of bankruptcy protection and wants to lay aside money while still expanding the functionalities. Eventually, an aircraft leasing company is contacted, saying there is a requirement to lease an aircraft. The reason airlines lease aircraft is there is no instant money available immediately. So the payments are split for an airplane, yet it can operate fully. The market has opened up a gap like a contender airline has gone bankrupt, and an aircraft is needed quickly, a new one can be ordered from Boeing or Airbus. This need includes the prolonged time of waiting. Instead, they lease an aircraft and obtain it within a few months or weeks.
Aircraft leasing also occurs when unexpected situations like an uncommon aircraft are sustained. Fleet groundings or strikes can assist the airline in controlling their operations with leases that are short-term. The aircraft leasing market is also impacted by seasonal changes. For instance, more aircraft are required in summers, and the same plane will sit idle during winters. So to cover the seasonal operations, airlines use a short-term lease. But most leasing companies concede a massive number of narrowbodies like Airbus A320 and Boeing 737. For lessors, they have the most significant profit margin. When switching functioning airlines producing a narrow-body aircraft is much more cost-effective than a Boeing 787.
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- Market size and forecast by revenue (2021—2028)
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- Market segmentation – A detailed analysis by source, product, distribution channel, and region
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Top Market Players
- Avolon Aerospace Leasing Ltd
- Air Lease Corporation
- Aviation Capital Group
- BBAM LLC
- BOC Aviation
- Boeing Capital Corporation
- CIT Aerospace Inc.
- BBAM LLC
- Dubai Aerospace Enterprise (DAE) Ltd.
- Flying Leasing Limited
- GE Capital Aviation Services
- Goshwak Aviation Limited
- International Lease Finance Corporation
- Nordic Aviation Capital
- SAAB Aircraft Leasing
- Sumitomo Mitsui Finance
- Leasing Co. Ltd
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Important Questions Being Answered by The Market Report
- What is the global aircraft leasing market size and growth?
- Which regulatory tendencies shape business, corporate and functional level strategies?
- Which region will see a rise in new opportunities?
- What are cutting-edge technologies used to apprehend new revenue streams shortly?
- For gaining customer loyalty which tactical and operational frameworks are being adopted by several players?
- What is the overall and anticipated severity of competition in the global aircraft leasing market shortly?
Aircraft Leasing Market: Growth Leading Factors
The growth of the global aircraft leasing market is fuelled by an increasing desire amongst the passengers for traveling by air which reserves the time and is a suitable approach of transportation and has resulted in a noteworthy increase in the traffic of global passengers. With stringent air safety standards becoming public, there is growing attention to enhancing the protection and safety of passengers so that the number of casualties linked with air travel is lessened.
Major growth drivers for the industry are a rise in freight volume uninterrupted developments in airport and aircraft infrastructure, especially in advanced countries. Additionally, aircraft leasing offers tax benefits and a balance sheet, increasing the demand in the years to come. The upgraded economic conditions in surfacing markets have increased the air travel demand. Creative solutions for remote-controlled mobility by air will confront the system and vehicle amalgamation concepts about the application and advancement of efficient, safe, sustainable, and integrated air mobility systems over metropolitan areas that are extensive.
Due to covid-19, lockdowns were implemented worldwide, which temporarily halted several operations in the aviation sector like manufacturing, air travel, aircraft deliveries, and raw material supply. These factors have notably influenced the aircraft leasing market. The revenues of airline and aircraft leasing companies have been impacted severely due to the spread of the virus.
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Aircraft Leasing Market: Key Segmentation
- Insight by lease, application, and region
By lease, wet and dry segments are anticipated to hold the most significant market share due to the growing demand for industrial valves of high quality. The need for aircraft leasing is driven by the risk of contamination. By application, the market is divided into a narrow and wide body. They are one of the most fundamental and essential components of today’s modern technological association.
By region, the North American aircraft leasing market is gaining a foothold due to several leasing companies’ recovery of economies. Additionally, in North America, the US is anticipated to spearhead the global aircraft leasing market. Europe is also on the same path to see a significant development because of growth in low-cost aircraft carriers.
Browse the full “Aircraft Leasing Market Share, Size, Trends, & Industry Analysis Report, By Lease (Dry, Wet); By Aircraft (Narrow Body, Wide Body) By Region, Market Size & Forecast, 2022 – 2029” Report at https://www.polarismarketresearch.com/industry-analysis/aircraft-leasing-market
The market predominantly depends on the lease, application, and region
Aircraft Leasing Market: By Lease
- Dry Lease
- Wet Lease
Aircraft Leasing Market: By Application
- Wide Body
- Narrow Body
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