, /PRNewswire/ -- The global commercial aircraft leasing market size is estimated to grow by .45 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 9.
48% during the forecast period. Strong market position of irish and chinese lessors is driving market growth, with a trend towards influence of taxes on aircraft leasing. However, fall in the price of crude oil poses a challenge.
Key market players include AerCap Holdings N.V., Air Lease Corp.
, Aircastle Ltd., ALAFCO Aviation Lease and Finance Co., Avolon Aerospace Leasing Ltd.
, Bank of Communications Co. Ltd., BBAM US LP, BOC Aviation Ltd.
, China Aircraft Leasing Group Holdings Ltd., Deucalion Aviation Ltd., Aerospace Enterprise (DAE) Ltd.
, Macquarie Group Ltd., Orix Corp., Saab AB, and Tokyo Century Corp.
. Get a detailed analysis on regions, market segments, customer landscape, and companies- Commercial aircraft leasing market is influenced by various factors, including taxes. Governments impose taxes like Value-Added Tax (VAT) based on the operational characteristics of carriers.
VAT exemptions can lessen the burden on lessors, encouraging market growth. For instance, and offer conditional VAT exemptions. European Union member states provide VAT exemptions for Jet A-1 fuel purchases for charter flights.
Channel Islands of Jersey and Guernsey offer complete VAT exemptions. and have provisions for operators with more than 80% international flights to avail VAT exemptions. These exemptions significantly reduce tax burdens and are expected to continue promoting market growth over the forecast period.
The commercial aircraft leasing market is experiencing significant growth, driven by increasing air passenger traffic and the need for aerial solutions in various sectors. Air freight and emergency services are key areas of focus, with lessors providing cost-effective alternatives for aircraft operators, including dry leasing. The aviation sector is also investing in new aircraft deliveries to meet capacity demands, with infrastructure and maintenance markets playing crucial roles.
Air safety standards remain a top priority, influencing feasibility studies and financial burdens. Emerging markets and low-cost aircraft carriers are also contributing to the market's expansion. However, factors like fuel prices, regulatory compliance, and environmental impact pose challenges.
ICAO and commercial aviation regulations continue to shape the industry landscape. Fleet management, aircraft flying hours, and manufacturing are essential aspects of this dynamic market. Discover 360° analysis of this market.
For complete information, schedule your consultation - For more insights on driver and challenges - This commercial aircraft leasing market report extensively covers market segmentation by Narrowbody aircraft, featuring a single aisle cabin with passengers seated in two rows, are popular among efficiency-focused airline carriers in both emerging and developed economies. These aircraft, equipped with twin-engine setups integrated into their wings, provide essential thrust. The demand for these aircraft is significant due to their ability to enhance profitability for airlines, influenced by average load factors and seasonality.
Low-cost carriers (LCCs) are continually modernizing their fleets to capitalize on new market opportunities and maintain competitiveness. The growth of the global commercial aircraft leasing market for narrowbody aircraft is anticipated to increase due to the rising tourism sector and the expanding personal jet leasing industry. For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) - The market for Parts Manufacturer Approval (PMA) in commercial aircraft involves alternative parts that meet FAA standards, offering cost savings and supply chain flexibility to airlines and MRO providers.
Fuel systems in aircraft ensure efficient fuel storage, transfer, and management, crucial for safety and performance. Market growth is driven by advancements in fuel efficiency technologies and rising air traffic. Maintenance, Repair, and Overhaul (MRO) services for both commercial and military aircraft ensure operational readiness, safety compliance, and fleet longevity.
Market expansion is fueled by fleet modernization and regulatory requirements. The aircraft leasing market plays a crucial role in the commercial airline industry by providing a cost-effective alternative for airlines to acquire and operate aircraft. Aircraft deliveries continue to increase, driven by growing air travel demand and infrastructure development.
Aircraft maintenance is a significant market, ensuring air safety standards are met and aircraft flying hours are maximized. Emerging markets and low-cost carriers are driving growth in the sector. ICAO regulations and commercial aviation regulations set the framework for aircraft operations.
Aircraft infrastructure development and manufacturing are key areas of investment. Dry leasing, where the lessor retains ownership and responsibility for maintenance, is a popular option. Emergency services and mobility on demand are new areas of focus, while environmental impact and fatalities remain critical concerns.
Feasibility studies are essential to assess market potential and profitability. The aircraft leasing market is dynamic, influenced by factors such as airline financial performance, fuel prices, and technological advancements. The commercial aircraft leasing market plays a crucial role in the aviation sector, providing a cost-effective alternative for airlines to acquire and operate aircraft without the significant capital outflow of purchasing them outright.
The market caters to various sectors, including air passenger traffic and air freight, offering dry and wet leasing options. Capacity expansion in emerging markets and the need for aircraft infrastructure upgrades are driving demand for new deliveries and maintenance services. Air safety standards and commercial aviation regulations are key considerations for lessors and operators.
The market's growth is influenced by factors such as air travel volume, fuel prices, and technological solutions. Aircraft leasing is also essential for emergency services, mobility on demand, and urban air mobility (UAM) solutions. The market's feasibility is influenced by factors like raw material supply, manufacturing capacity, and the environmental impact of aviation.
The aircraft leasing market interacts with various stakeholders, including airlines, aircraft operators, airplane manufacturers, and aviation authorities like ICAO. The market's growth is expected to continue as air travel demand increases, and new technologies like UAM solutions and unmanned aerial mobility (UAM) gain traction. The market's volume of freight and passenger traffic, as well as the efficiency of transportation, are essential factors influencing its growth.
The aircraft leasing market's investment pockets include capacity expansion, fleet modernization, and the integration of vehicles for mobility services. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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