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Low Cost Airlines-Global Market Insights and Sales Trends 2024
Synopsis
Low cost airlines are passenger airlines, which offer travelling service tickets at relatively cheaper rate compared to other airlines (full service or traditional airline). Low cost airlines are also known as "no frills airlines," "prizefighters," "low-cost carriers (LCC)," "discount airlines," and "budget airlines." Some of the popular low cost airlines include Ryanair and EasyJet.
The global Low Cost Airlines market size is expected to reach US$ 180590 million by 2029, growing at a CAGR of 4.9% from 2023 to 2029. The market is mainly driven by the significant applications of Low Cost Airlines in various end use industries. The expanding demands from the Online, Travel Agency and Others,, are propelling Low Cost Airlines market. Leisure Travel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the VFR segment is estimated at % CAGR for the next seven-year period.
The growth of the market is attributed to the rise in economic activity, ease of travel, travel & tourism industry, urbanization, changes in lifestyle, consumers' preference for low cost service along with non-stops, and frequent service, increase in purchasing power of middle class households especially in the developing regions, and high internet penetration coupled with e-literacy. However, factors such as volatile crude oil price and increase in terrorism & crime rate, political uncertainty, & natural calamities hinder the market growth. Conversely, sustainable airport governance, operational & financial improvement is anticipated to leverage the growth of the low cost airlines market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Distribution Channel. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low Cost Airlines, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low Cost Airlines market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low Cost Airlines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low Cost Airlines sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low Cost Airlines covered in this report include AirAsia Berhad, Virgin, Norwegian Air Shuttle, EasyJet, Jetstar Airways, WestJet Airlines, Indigo, Azul Linhas Areas Brasileiras and Ryanair Holdings, etc.
The global Low Cost Airlines market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AirAsia Berhad
Virgin
Norwegian Air Shuttle
EasyJet
Jetstar Airways
WestJet Airlines
Indigo
Azul Linhas Areas Brasileiras
Ryanair Holdings
Air Arabia PJSC
Global Low Cost Airlines market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low Cost Airlines market, Segment by Type:
Leisure Travel
VFR
Business Travel
Others
Global Low Cost Airlines market, by Distribution Channel
Online
Travel Agency
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Distribution Channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Low Cost Airlines companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Low cost airlines are passenger airlines, which offer travelling service tickets at relatively cheaper rate compared to other airlines (full service or traditional airline). Low cost airlines are also known as "no frills airlines," "prizefighters," "low-cost carriers (LCC)," "discount airlines," and "budget airlines." Some of the popular low cost airlines include Ryanair and EasyJet.
The global Low Cost Airlines market size is expected to reach US$ 180590 million by 2029, growing at a CAGR of 4.9% from 2023 to 2029. The market is mainly driven by the significant applications of Low Cost Airlines in various end use industries. The expanding demands from the Online, Travel Agency and Others,, are propelling Low Cost Airlines market. Leisure Travel, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the VFR segment is estimated at % CAGR for the next seven-year period.
The growth of the market is attributed to the rise in economic activity, ease of travel, travel & tourism industry, urbanization, changes in lifestyle, consumers' preference for low cost service along with non-stops, and frequent service, increase in purchasing power of middle class households especially in the developing regions, and high internet penetration coupled with e-literacy. However, factors such as volatile crude oil price and increase in terrorism & crime rate, political uncertainty, & natural calamities hinder the market growth. Conversely, sustainable airport governance, operational & financial improvement is anticipated to leverage the growth of the low cost airlines market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Distribution Channel. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low Cost Airlines, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low Cost Airlines market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low Cost Airlines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low Cost Airlines sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low Cost Airlines covered in this report include AirAsia Berhad, Virgin, Norwegian Air Shuttle, EasyJet, Jetstar Airways, WestJet Airlines, Indigo, Azul Linhas Areas Brasileiras and Ryanair Holdings, etc.
The global Low Cost Airlines market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
AirAsia Berhad
Virgin
Norwegian Air Shuttle
EasyJet
Jetstar Airways
WestJet Airlines
Indigo
Azul Linhas Areas Brasileiras
Ryanair Holdings
Air Arabia PJSC
Global Low Cost Airlines market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low Cost Airlines market, Segment by Type:
Leisure Travel
VFR
Business Travel
Others
Global Low Cost Airlines market, by Distribution Channel
Online
Travel Agency
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Distribution Channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Low Cost Airlines companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Low Cost Airlines
1.1 Low Cost Airlines Market Overview
1.1.1 Low Cost Airlines Product Scope
1.1.2 Low Cost Airlines Market Status and Outlook
1.2 Global Low Cost Airlines Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Low Cost Airlines Market Size by Region (2018-2029)
1.4 Global Low Cost Airlines Historic Market Size by Region (2018-2023)
1.5 Global Low Cost Airlines Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Low Cost Airlines Market Size (2018-2029)
1.6.1 North America Low Cost Airlines Market Size (2018-2029)
1.6.2 Europe Low Cost Airlines Market Size (2018-2029)
1.6.3 Asia-Pacific Low Cost Airlines Market Size (2018-2029)
1.6.4 Latin America Low Cost Airlines Market Size (2018-2029)
1.6.5 Middle East & Africa Low Cost Airlines Market Size (2018-2029)
2 Low Cost Airlines Market by Type
2.1 Introduction
2.1.1 Leisure Travel
2.1.2 VFR
2.1.3 Business Travel
2.1.4 Others
2.2 Global Low Cost Airlines Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Low Cost Airlines Historic Market Size by Type (2018-2023)
2.2.2 Global Low Cost Airlines Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Low Cost Airlines Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Low Cost Airlines Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Low Cost Airlines Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Low Cost Airlines Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Low Cost Airlines Revenue Breakdown by Type (2018-2029)
3 Low Cost Airlines Market Overview by Distribution Channel
3.1 Introduction
3.1.1 Online
3.1.2 Travel Agency
3.1.3 Others
3.2 Global Low Cost Airlines Market Size by Distribution Channel: 2018 VS 2022 VS 2029
3.2.1 Global Low Cost Airlines Historic Market Size by Distribution Channel (2018-2023)
3.2.2 Global Low Cost Airlines Forecasted Market Size by Distribution Channel (2024-2029)
3.3 Key Regions Market Size by Distribution Channel
3.3.1 North America Low Cost Airlines Revenue Breakdown by Distribution Channel (2018-2029)
3.3.2 Europe Low Cost Airlines Revenue Breakdown by Distribution Channel (2018-2029)
3.3.3 Asia-Pacific Low Cost Airlines Revenue Breakdown by Distribution Channel (2018-2029)
3.3.4 Latin America Low Cost Airlines Revenue Breakdown by Distribution Channel (2018-2029)
3.3.5 Middle East and Africa Low Cost Airlines Revenue Breakdown by Distribution Channel (2018-2029)
4 Low Cost Airlines Competition Analysis by Players
4.1 Global Low Cost Airlines Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Low Cost Airlines as of 2022)
4.3 Date of Key Players Enter into Low Cost Airlines Market
4.4 Global Top Players Low Cost Airlines Headquarters and Area Served
4.5 Key Players Low Cost Airlines Product Solution and Service
4.6 Competitive Status
4.6.1 Low Cost Airlines Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 AirAsia Berhad
5.1.1 AirAsia Berhad Profile
5.1.2 AirAsia Berhad Main Business
5.1.3 AirAsia Berhad Low Cost Airlines Products, Services and Solutions
5.1.4 AirAsia Berhad Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.1.5 AirAsia Berhad Recent Developments
5.2 Virgin
5.2.1 Virgin Profile
5.2.2 Virgin Main Business
5.2.3 Virgin Low Cost Airlines Products, Services and Solutions
5.2.4 Virgin Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.2.5 Virgin Recent Developments
5.3 Norwegian Air Shuttle
5.3.1 Norwegian Air Shuttle Profile
5.3.2 Norwegian Air Shuttle Main Business
5.3.3 Norwegian Air Shuttle Low Cost Airlines Products, Services and Solutions
5.3.4 Norwegian Air Shuttle Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.3.5 EasyJet Recent Developments
5.4 EasyJet
5.4.1 EasyJet Profile
5.4.2 EasyJet Main Business
5.4.3 EasyJet Low Cost Airlines Products, Services and Solutions
5.4.4 EasyJet Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.4.5 EasyJet Recent Developments
5.5 Jetstar Airways
5.5.1 Jetstar Airways Profile
5.5.2 Jetstar Airways Main Business
5.5.3 Jetstar Airways Low Cost Airlines Products, Services and Solutions
5.5.4 Jetstar Airways Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.5.5 Jetstar Airways Recent Developments
5.6 WestJet Airlines
5.6.1 WestJet Airlines Profile
5.6.2 WestJet Airlines Main Business
5.6.3 WestJet Airlines Low Cost Airlines Products, Services and Solutions
5.6.4 WestJet Airlines Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.6.5 WestJet Airlines Recent Developments
5.7 Indigo
5.7.1 Indigo Profile
5.7.2 Indigo Main Business
5.7.3 Indigo Low Cost Airlines Products, Services and Solutions
5.7.4 Indigo Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.7.5 Indigo Recent Developments
5.8 Azul Linhas Areas Brasileiras
5.8.1 Azul Linhas Areas Brasileiras Profile
5.8.2 Azul Linhas Areas Brasileiras Main Business
5.8.3 Azul Linhas Areas Brasileiras Low Cost Airlines Products, Services and Solutions
5.8.4 Azul Linhas Areas Brasileiras Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.8.5 Azul Linhas Areas Brasileiras Recent Developments
5.9 Ryanair Holdings
5.9.1 Ryanair Holdings Profile
5.9.2 Ryanair Holdings Main Business
5.9.3 Ryanair Holdings Low Cost Airlines Products, Services and Solutions
5.9.4 Ryanair Holdings Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.9.5 Ryanair Holdings Recent Developments
5.10 Air Arabia PJSC
5.10.1 Air Arabia PJSC Profile
5.10.2 Air Arabia PJSC Main Business
5.10.3 Air Arabia PJSC Low Cost Airlines Products, Services and Solutions
5.10.4 Air Arabia PJSC Low Cost Airlines Revenue (US$ Million) & (2018-2023)
5.10.5 Air Arabia PJSC Recent Developments
6 North America
6.1 North America Low Cost Airlines Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Low Cost Airlines Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Low Cost Airlines Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Low Cost Airlines Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Low Cost Airlines Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Low Cost Airlines Market Dynamics
11.1 Low Cost Airlines Industry Trends
11.2 Low Cost Airlines Market Drivers
11.3 Low Cost Airlines Market Challenges
11.4 Low Cost Airlines Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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