PUBLISHER: Lucintel | PRODUCT CODE: 1417734
PUBLISHER: Lucintel | PRODUCT CODE: 1417734
Airline Ancillary Service Trends and Forecast
The future of the global airline ancillary service market looks promising with opportunities in the full-service carrier and low-cost carrier markets. The global airline ancillary service market is expected to reach an estimated $293.2 billion by 2030 with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are rapid growth in air passenger travel, growing numbers of low-cost carriers, as well as, growth in middle-class disposable money around the globe.
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Airline Ancillary Service by Segment
The study includes a forecast for the global airline ancillary service by type, carrier type, and region.
List of Airline Ancillary Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies airline ancillary service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the airline ancillary service companies profiled in this report include-
Airline Ancillary Service Market Insights
Lucintel forecasts that baggage fee will remain the largest segment over the forecast period because the airlines have used a variety of pricing schemes, such as collecting costs depending on weight, number of baggage, or level of service.
North America will remain the largest region over the forecast period due to the region has well-established air transportation infrastructure, along with the growing investment in the adoption of cutting-edge digital and novel technologies in the region.
Features of the Global Airline Ancillary Service Market
Market Size Estimates: Airline ancillary service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Airline ancillary service market size by type, carrier type, and region in terms of value ($B).
Regional Analysis: Airline ancillary service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, carrier type, and regions for the airline ancillary service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the airline ancillary service market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the airline ancillary service market size?
Answer: The airline ancillary service market is expected to reach an estimated $15.5 billion by 2030.
Q2. What is the growth forecast for airline ancillary service market?
Answer: The global airline ancillary service market is expected to grow with a CAGR of 17.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the airline ancillary service market?
Answer: The major drivers for this market are rapid growth in air passenger travel, growing numbers of low-cost carriers, as well as, growth in middle-class disposable money around the globe.
Q4. What are the major segments for airline ancillary service market?
Answer: The future of the global airline ancillary service market looks promising with opportunities in the full-service carrier and low-cost carrier markets.
Q5. Who are the key airline ancillary service market companies?
Answer: Some of the key airline ancillary service companies are as follows.
Q6. Which airline ancillary service market segment will be the largest in future?
Answer: Lucintel forecasts that baggage fee will remain the largest segment over the forecast period because the airlines have used a variety of pricing schemes, such as collecting costs depending on weight, number of baggage, or level of service.
Q7. In airline ancillary service market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the region has well-established air transportation infrastructure, along with the growing investment in the adoption of cutting-edge digital and novel technologies in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.