Airlines Global Market Report 2024

“Airlines Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on airlines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for airlines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The airlines market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type Of Transport: Domestic; International
• 2) By Size: Narrow Body; Wide Body; Regional And Business Jet; Freighter
• 3) By Application: Passenger; Freight
• Companies Mentioned: Air France-KLM S.A.; American Airlines Group Inc.; Ana Holdings Inc.; British Airways PLC.; Delta Air Lines Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Airlines are businesses engaged in providing regular services for transporting passengers or cargo using aircraft. They may collaborate with other airlines through codeshare agreements to operate joint flights.

The primary categories of airline transport include domestic and international flights. Domestic flights are commercial flights within a single country. Airlines utilize various types of aircraft, including narrow-body, wide-body, regional jets, business jets, and freighters, serving diverse applications for passenger and cargo transportation.

The airlines market research report is one of a series of new reports from The Business Research Company that provides airlines for animal market statistics, including airlines industry global market size, regional shares, competitors with airlines market share, detailed airlines market segments, market trends and opportunities and any further data you may need to thrive in the airline's industry. This airline's market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The airlines market size has grown strongly in recent years. It will grow from $523.04 billion in 2023 to $566.06 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to factors such as the deregulation of the airline industry, globalization and open skies agreements, economic fluctuations, strategic alliances, mergers, and a shift in consumer preferences.

The airlines market size is expected to see strong growth in the next few years. It will grow to $794.61 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to factors such as the recovery from global events, evolving travel regulations, a focus on sustainability, increasing demand for premium services, and regional market expansion. Major trends in the forecast period include digital transformation, sustainability and eco-friendly practices, personalized customer experiences, technological innovations, and heightened health and safety measures.

An upsurge in the count of air passengers is anticipated to drive the future growth trajectory of the airline market. Air passengers, encompassing individuals traveling by aircraft, contribute significantly to the global air travel sector, impacting regional socio-economic development and sustainability. Notably, in March 2023, the Bureau of Transportation Statistics reported a 30% escalation in the count of passengers carried by American airlines, surging from 658 million in 2021 to 853 million in 2022. This substantial increase in air passengers serves as a primary catalyst fueling the expansion of the airline market.

The burgeoning tourism industry is poised to serve as a pivotal driver propelling the growth of the airline market in the foreseeable future. As a comprehensive economic sector, the tourism industry's multifaceted activities significantly bolster the airline sector. Increased global travel demands from tourists and business travelers augment passenger volumes, necessitating route expansions and bolstering overall revenue for airlines. A case in point is the Ministry of Business, Innovation, and Employment's report from December 2022, indicating a notable upswing in tourism spending in New Zealand, reaching $26.5 billion, marking a 2.7% growth compared to the previous year. This growth is attributed to a surge of 335.3% in overseas visitor arrivals, totaling 229,370, contributing significantly to the country's GDP by generating $10.0 billion, representing 3.0% of the GDP. Hence, the burgeoning tourism industry serves as a driving force behind the expansion of the airline market.

Strategic partnerships have emerged as a prevailing trend gaining prominence within the airline market, with numerous companies leveraging collaborations to fortify their market positions. Notable examples include Air India's partnership with Alaska Airlines in November 2023, enabling seamless connections for Air India passengers across 32 destinations in the United States, Mexico, and Canada. Similarly, the alliance between Air France-KLM Group, Delta Airlines, and Virgin Atlantic in January 2023 introduced a pioneering partnership aimed at offering passengers increased flexibility in flight bookings across various airlines. These strategic alliances underscore the growing trend of partnerships in the airline industry, emphasizing enhanced convenience and reliability for passengers while strengthening the market presence of the collaborating companies.

Prominent entities within the airline market are intensifying their efforts to introduce innovative digital skylights as a strategic advantage in the competitive landscape. These cutting-edge digital skylights are lighting systems meticulously designed to replicate the natural sunlight appearance indoors, leveraging advanced LED technology coupled with dynamic lighting controls. In a notable development during October 2023, Rosen Aviation, a US-based company specializing in aircraft interior decoration, unveiled a groundbreaking 130-inch composite digital skylight tailored for aircraft interiors. Branded as the Digital Skylight, this product features a lightweight composite display chassis and curved OLED panels, allowing complete customization with panel sizes ranging from 42 inches to 77 inches in various configurations. The composite chassis accommodates diverse video imagery, catering to a wide array of applications. Rosen Aviation excels in crafting personalized cabin displays and management systems for private and chartered jets, emphasizing innovation in enhancing in-flight experiences.

In March 2022, WestJet Group, a prominent Canada-based Airlines and Aviation company, successfully acquired Sunwing Airlines Inc. and Sunwing Vacations Inc. The acquisition, valued at an undisclosed amount, signifies WestJet Group's dedication to expanding accessible air travel and broadening holiday package options for all Canadians, with a primary focus on leisure and sun travel accessibility nationwide. Sunwing Airlines Inc. and Sunwing Vacations Inc., both Canada-based entities, specialize in airline operations and comprehensive vacation, tourism, and travel services, consolidating WestJet Group's commitment to offering a diverse range of travel options while prioritizing leisure and sun travel experiences across the country. This strategic acquisition aims to augment WestJet Group's market presence and strengthen its position in the aviation and travel industry, facilitating increased accessibility and choice for Canadian travelers.

Major companies operating in the airlines market report are Air France-KLM S.A., American Airlines Group Inc., Ana Holdings Inc., British Airways PLC., Delta Air Lines Inc., Deutsche Lufthansa AG, Hainan Airlines Co. Ltd., Japan Airlines Co. Ltd., LATAM Airlines Group S.A., Qantas Airways Limited, Ryanair Holdings Plc, Singapore Airlines, Southwest Airlines Co., Thai Airways International PCL, United Airlines Holdings Inc., WestJet Airlines Ltd., Air Canada, Alaska Air Group, Allegiant Travel Company, Azul Linhas Aereas Brasileiras S/A, Copa Holdings S.A., Emirates Group, Finnair Oyj, Hawaiian Holdings Inc., International Consolidated Airlines Group S.A., JetBlue Airways Corporation, Korean Air Lines Co. Ltd., Norwegian Air Shuttle ASA, Spirit Airlines Inc., Turkish Airlines Inc., Virgin Australia Holdings Limited, Volaris Aviation Holding Company, Wizz Air Holdings Plc, Xiamen Airlines Co. Ltd

Asia-Pacific was the largest region in the airline market in 2023. Asia-Pacific is expected to be the fastest-growing region in the airlines market report during the forecast period. The regions covered in the airlines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the airlines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The airline market includes revenues earned by entities by providing services such as meals, refreshments, checked bags, light entertainment and amenities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.