Global Commercial Aircraft Leasing
Market Report
2024
The Global Commercial Aircraft Leasing market is USD 169452.5 million in 2023 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Commercial Aircraft Leasing market is USD 169452.5 million in 2023 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Commercial Aircraft Leasing Market Sales Revenue 2023 | $ 169452 Million |
Global Commercial Aircraft Leasing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
North America Commercial Aircraft Leasing Market Sales Revenue 2023 | $ 67781 Million |
North America Commercial Aircraft Leasing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Europe Commercial Aircraft Leasing Market Sales Revenue 2023 | $ 50835.8 Million |
Europe Commercial Aircraft Leasing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Asia Pacific Commercial Aircraft Leasing Market Sales Revenue 2023 | $ 38974.1 Million |
Asia Pacific Commercial Aircraft Leasing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10% |
South America Commercial Aircraft Leasing Market Sales Revenue 2023 | $ 8472.63 Million |
South America Commercial Aircraft Leasing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.4% |
Middle East and Africa Commercial Aircraft Leasing Market Sales Revenue 2023 | $ 3389.05 Million |
Middle East and Africa Commercial Aircraft Leasing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.7% |
Market Split by Leasing Type |
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Market Split by Aircraft Type |
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Market Split by Security Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Commercial Aircraft Leasing industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Commercial Aircraft Leasing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Commercial aircraft leasing involves renting aircraft to airlines for a predetermined period, providing flexibility without the financial commitment of ownership, and encompassing various leasing structures and terms. The commercial aircraft leasing market involves leasing aircraft to airlines, offering flexibility without the financial burden of ownership. Key players employ various strategies, including fleet expansion, mergers and acquisitions, and long-term partnerships. Some focus on specific aircraft types or emerging markets. Enhanced customer support, innovative lease structures, and sustainable aviation practices also feature in strategies. These dynamic approaches allow key players to adapt to market demands, capitalize on opportunities, and ensure sustainable growth in the competitive aircraft leasing industry.
For instance, in April 2022, Air Lease Corp. (ALC) announced that it was extending its airplane portfolio with a secured order for 32 additional 737-8 and 737-9 jets. As the travel market rebounds after the epidemic, ALC is expanding its 737 MAX family to meet airline needs for modern, fuel-efficient, and tolerable operations.
The commercial aircraft leasing market is experiencing growth driven by fleet modernization with NextGen aircraft. Airlines increasingly prefer leasing to swiftly adopt technologically advanced and fuel-efficient aircraft, reducing ownership risks. NextGen aircraft, equipped with advanced avionics and fuel-efficient engines, offer improved operational efficiency and environmental sustainability. Leasing enables airlines to maintain a modern and competitive fleet, adapt to evolving market demands, and manage capital expenditure effectively in the dynamic aviation industry.
For instance, the International Air Transport Association has declared that the production of sustainable aviation fuel will reach approximately 300 million liters in 2022, compared to 100 million liters in 2021.
(Source: www.iata.org/en/pressroom/2022-releases/2022-12-07-01/)
The commercial aircraft leasing market experiences growth fueled by technological advancements and product innovation. Continuous aircraft design, fuel efficiency, and avionics improvements contribute to a modern and competitive leasing fleet. Innovations in leasing models, such as power-by-the-hour arrangements, enhance flexibility for operators. Additionally, advancements in data analytics and maintenance technologies improve the efficiency and reliability of leased aircraft. Overall, technological progress and innovation play a major part in shaping the vibrant landscape of the commercial aircraft leasing market.
For instance, in April 2022, BOC Aviation Limited declared that it coordinated with Airbus SAS to purchase 80 latest Airbus A320NEO family aircraft. All aircraft are planned for delivery between 2027 and 2029.
The absence of modern airport infrastructure is a significant problem for aircraft lessors, as recently leased aircraft must be found and stored in the right place. The availability of efficient airports is one primary need for the investor or lesser glancing forward to supporting the aircraft leasing industry. Airport infrastructure and new aircraft requirements call for airfield improvements and expansion. Moreover, with a growing leased aircraft fleet, these aircraft require proper parking and storage space, which can only be provided by the airport authorities and respective airport operators, but due to a lack of appropriate infrastructures in growing economies, aircraft leasing cannot be developed in various regions of the globe.
The commercial aircraft leasing market has faced challenges due to the COVID-19 pandemic. Travel restrictions, decreased demand for air travel, and financial uncertainties led to reduced aircraft leasing activity. Airlines struggled with liquidity issues, impacting their ability to enter new leasing agreements. Additionally, leasing companies faced challenges in remarketing and repossessing aircraft. Despite these setbacks, the market is expected to recover gradually as the aviation industry rebounds and demand for leased aircraft resumes with the global economic recovery.
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The major players rapidly evolve with new strategies to attain a competitive edge and capture significant market share. The major commercial aircraft leasing market participants emphasize expanding creative offerings to serve a large consumer base and gain a competitive benefit.
Top Companies Market Share in Commercial Aircraft Leasing Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region's robust aviation industry, economic growth, and cost-effective fleet management. Airlines prefer leasing to mitigate upfront acquisition costs, access the latest aircraft models, and respond flexibly to market dynamics. The competitive landscape, with major leasing companies headquartered in North America, further propels market growth. Additionally, leasing provides financial advantages, allowing airlines to allocate capital strategically and fostering continued expansion and efficiency in North America's dynamic aviation market.
Europe is the fastest-growing region due to the continent's dynamic aviation industry, cost-conscious airlines, and the desire to modernize fleets. Leasing offers flexibility, enabling airlines to manage capacity efficiently without large upfront investments. Stringent environmental regulations also drive demand for newer, fuel-efficient aircraft. Additionally, the leasing model supports airlines facing financial constraints, contributing to the growth of the commercial aircraft leasing market in Europe.
The current report Scope analyzes Commercial Aircraft Leasing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global commercial aircraft leasing market size was estimated at USD 169452.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 67781.00 million in 2023 and will extend at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030 due to fleet expansion strategies, and the flexibility provided by leasing options. Economic factors, such as reduced capital expenditure and efficient fleet management, contribute to the region's sustained growth of aircraft leasing. According to Cognitive Market Research, increased demand for flexible fleet management, cost-effective solutions, and the strategic advantages of leasing over ownership enables airlines to optimize operations, manage capacity, and adapt to market dynamics efficiently. In conclusion, in North America, the commercial aircraft leasing market is driven by robust demand, strategic partnerships, and the region's dynamic aviation landscape, signaling continued growth and opportunities.
According to Cognitive Market Research, the global commercial aircraft leasing market size was estimated at USD 169452.5 Million, out of which Europe held the major market of more than 30% of the global revenue with market size of USD 50835.75 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030 due to the region's dynamic airline industry, cost-effective fleet management, and flexibility in adapting to market fluctuations. Leasing allows airlines to access modern aircraft, control costs, and respond efficiently to changing demand, fostering growth and competitiveness. According to Cognitive Market Research, wet leasing enables airlines to access aircraft with crew and maintenance quickly. This cost-effective and flexible solution supports operational needs, route expansion, and fleet management, fostering market growth in the region. In conclusion, the European commercial aircraft leasing market is driven by a robust leasing ecosystem, fostering fleet flexibility and cost efficiency.
According to Cognitive Market Research, the global commercial aircraft leasing market size was estimated at USD 169452.5 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD 38974.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2023 to 2030 due to increasing demand for air travel, expansion of airline fleets, cost-effective operational models, and the region's dynamic economic growth fostering greater aviation activities and investments. According to Cognitive Market Research, there is robust demand for narrow-body aircraft as airlines seek fuel-efficient options for short to medium-haul routes, reducing operational costs. The region's growing air travel market fuels the demand for leased narrow-body aircraft to meet increasing passenger demands. In conclusion, the Asia Pacific commercial aircraft leasing market is driven by the region's increasing air travel demand and evolving airline fleet strategies.
According to Cognitive Market Research, the global commercial aircraft leasing industry size was estimated at USD 169452.5 Million, out of which the Latin America market has more than 5% of the global revenue with market size of USD 8472.63 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030 due to the region's growing air travel demand, financial flexibility offered by leasing, and the desire for modern and fuel-efficient aircraft to enhance operational efficiency and competitiveness in the aviation sector. According to Cognitive Market Research, growing demand for long-haul air travel, fuel-efficient wide-body planes, and the cost-effective flexibility offered by leasing arrangements are fostering aviation industry growth. In conclusion, in Latin America, the commercial aircraft leasing market is driven by regional demand, fleet modernization, and expanding air travel, shaping a promising aviation landscape.
According to Cognitive Market Research, the global commercial aircraft leasing market size was estimated at USD 169452.5 Million, out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 3389.05 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030 due to region's expanding aviation industry, rising demand for air travel, cost-efficiency, and the flexibility offered by leasing, fostering growth in the leasing market. According to Cognitive Market Research, airlines seek operational flexibility and cost efficiency, driving wide-body aircraft leasing to meet diverse route demands and passenger preferences. In conclusion, the MEA commercial aircraft leasing market is driven by expanding aviation infrastructure, rising air travel demand, and a strategic shift towards leasing for fleet flexibility and cost-effectiveness.
Global Commercial Aircraft Leasing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Commercial Aircraft Leasing Industry growth. Commercial Aircraft Leasing market has been segmented with the help of its Leasing Type, Aircraft Type Security Type, and others. Commercial Aircraft Leasing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, dry leasing held a significant market stake over the projected period due to airlines' preference for flexibility and capital efficiency. Dry leasing allows airlines to access aircraft without the financial burden of ownership, facilitating route expansion, fleet optimization, and cost-effective operations. It offers operational flexibility, aligning with airlines' dynamic needs while avoiding the financial commitment and risks of owning aircraft.
Wet leasing is the fastest-growing category over the forecast period due to its flexibility and cost efficiency. Airlines opt for wet leasing arrangements, obtaining fully crewed and maintained aircraft for short-term needs, reducing operational complexities and capital expenditure. This enables them to meet fluctuating demand, expand fleets, and ensure efficient operations without the long-term commitments of purchasing aircraft outright.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Aircraft Leasing Industry. Request a Free Sample PDF!
According to Cognitive Market Research, asset-backed security (ABS) holds a prominent market stake as it allows lessors to raise capital by securitizing lease payments. ABS enhances liquidity, reduces financial risks, and attracts investors. The ability to leverage aircraft assets through ABS structures drives the expansion of the commercial aircraft leasing market globally, fostering industry growth and financial flexibility.
Non-asset-backed security (Non-ABS) is the fastest-growing category over the forecast period due to a rising preference for leasing over ownership, enabling airlines to manage fleet flexibility, reduce capital expenditures, and optimize operational costs. Non-ABS structures provide innovative financing solutions, enhancing accessibility for airlines and fostering growth in the commercial aircraft leasing sector.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Commercial Aircraft Leasing market report 2024 Edition by contacting our team.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Disclaimer:
Leasing Type | Dry Leasing, Wet Leasing |
Aircraft Type | Narrow-Body Aircrafts, Wide-Body Aircrafts, Others |
Security Type | Asset-Backed Security (ABS), Non-Asset Backed Security (Non-ABS) |
List of Competitors | CIT Commercial Air, AerCap, BOC Aviation, Boeing Capital Corporation, SAAB Aircraft Leasing, ALAFCO Aviation Lease and Finance Company KSCP, AerCap Holdings NV., Ansett Worldwide Aviation Services, SMBC Aviation Capital, GE Capital Aviation Service |
This chapter will help you gain GLOBAL Market Analysis of Commercial Aircraft Leasing. Further deep in this chapter, you will be able to review Global Commercial Aircraft Leasing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Commercial Aircraft Leasing Market Trends North America Commercial Aircraft Leasing Technological Road Map North America Commercial Aircraft Leasing Market Drivers North America Commercial Aircraft Leasing Market Restraints North America Commercial Aircraft Leasing Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Leasing Type Analysis 2019 -2031, will provide market size split by Leasing Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Leasing Type Analysis 2019 -2031
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Chapter 11 Market Split by Aircraft Type Analysis 2019 -2031
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Chapter 12 Market Split by Security Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Commercial Aircraft Leasing market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Dry Leasing have a significant impact on Commercial Aircraft Leasing market? |
What are the key factors affecting the Dry Leasing and Wet Leasing of Commercial Aircraft Leasing Market? |
What is the CAGR/Growth Rate of Narrow-Body Aircrafts during the forecast period? |
By type, which segment accounted for largest share of the global Commercial Aircraft Leasing Market? |
Which region is expected to dominate the global Commercial Aircraft Leasing Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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