Aircraft Leasing Market
Aircraft Leasing Market Size Valued at USD 312.2 billion, market Grow at a CAGR Of 8.20% by 2022 -2030.
The global aircraft leasing market is a very dynamic and is expected to witness significant growth over the forecast period. The major factors supporting the growth of the global aircraft leasing market are dominance of Irish and Chinese companies, air passenger traffic growth, rising demand for wet leasing and others. However, the major trend in the global market is shifting of global lessors into the emerging regions such as Asia Pacific. On the other hand, the complicated and unclear leasing regulations and taxation policies and asset recovery risk associated with airline bankruptcy are major hindrances to the global market growth.
The Aircraft Leasing Market is one of the most recognized industries in Ireland over the past four decades. In the recent years, the leasing activities on aircraft have increased from 2% in 1980 to more than 50% in 2016. This has shown that there is complete dominance of Irish leasing company over the global market. Ireland has established itself as a global hub for aircraft leasing with more than 50% of the total market and 14 out of 15 global lessors operate from Ireland. After 9/11 attacks, the aircraft leasing activities have substantially increased from 25% in 2001 to 40% in 2014. This is majorly due to the various leasing companies gaining momentum to establish themselves in the aircraft market, rather than depending on the commercial banks as a main source of aircraft financing. The other major reason for this growth is the number of aviation related courses conducted in Ireland, including MSc in Aviation Finance in UCD Smurfit School. These give people a good exposure to aviation finance. Additionally, the aviation sector has contributed more than USD 4.80 billion, which is also a major growing factor of Ireland aircraft leasing industry. China also has primary role in the growth of global aircraft leasing market. After Ireland, China is considered a major market for aircraft leasing. Over the last few years, the global lessor have shown more interest in China market and have commenced their operations in here.
In addition, the global air passenger traffic has been growing at a rapid pace, propelled by the increasing demand for air travel from emerging nations in Asia Pacific, Middle East and South America. Over the next 20 years, global air passenger traffic has been forecast to grow by 4.9%. According to global airline trade body IATA (International Air Transport Association), higher traffic from Asia Pacific regions is expected to double air travel demand over the next 15 years. However, this has shown a promising picture for the leasing companies, as it has been projected that the aircraft leasing companies will increase their penetration of commercial aircraft market by 20%, of the flying fleet.
Market Segmentation:
The security type, leasing type, and aircraft type market segments have been created. The market is divided into wet leasing (aircraft, crew, insurance, and maintenance) and dry leasing based on the segment that leased type. Based on the type of aircraft, the global market for aircraft leasing is further divided into wide-body, narrow-body, and other categories. Additionally, the market is divided into asset-backed securities (ABS) and non-ABS according to the type of instrument.
The report on the aircraft leasing market provides an in-depth analysis of all market segments, including security type, lease type, and aircraft type. The analysts have also looked at how the market for leasing aircraft is distributed across several regional markets and national markets. This market's segments and subsegments for security type, leasing type, and aircraft type are investigated. The market for leasing airplanes is divided into several products- and service-based segments on a global scale. These important market categories are highlighted, and the report provides forecasts based on both primary and secondary data. The major company profiles of businesses operating throughout the aircraft leasing market are provided in the global market research analysis.
Key Players:
Aircraft Leasing Market Players of are as follows:
- AerCap (Ireland)
- Air Lease Corporation (US)
- BOC Aviation (Singapore)
- GECAS (US)
- BBAM LLC (Australia)
- CIT Commercial Air (US)
- Aviation Capital Group (US)
- Boeing Capital Corporation (US)
- SAAB Aircraft Leasing (Sweden)
- International Lease Finance Corporation (US)
Regional Analysis:
The rising number of strict and unclear leasing taxation may hinder global market growth. The aircraft leasing market research report reveals that businesses functioning in the market could be supported by balance sheet and tax advantages as well as rising trade of industrial commodities during the forecast period. The global market is anticipated to gain a high CAGR owing to these key factors. The market for aircraft leasing is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per aircraft leasing market analysts, the global market is set to see healthy growth across security type, leasing type, and aircraft type segments. The global aircraft leasing market’s North American region covers aircraft leasing markets across the United States, Canada, Mexico, and others. Companies present in this market are also profiled and their strategies have been presented in detail in the aircraft leasing industry research report.
Italia, France, Germany, and the UK are all part of the European region's aircraft leasing business. The global market research report also covers the aeroplane leasing markets in China, India, Australia, Japan, and other countries in the APAC region. Several other regions of the world also have active aeroplane leasing markets. The worldwide aircraft leasing industry is active in several significant regions, including the Middle East, Africa, Brazil, and others, which are all covered in the study.
Aircraft Leasing Market – Competitive Analysis Outlook
The global Aircraft Leasing Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain the maximum market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront the market growth. In addition, in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base have become the key areas to have the edge over the competitors.
The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide advanced and high-quality aircraft so as to survive and succeed in an intensely competitive market environment.
Aircraft Leasing Market: Information By Leasing Type (Wet Leasing (Aircraft, Crew, Maintenance and Insurance) and Dry Leasing) By Aircraft Type (Narrow-body, Wide-body and others), By Security Type (Asset-Backed Security (ABS) and Non-ABS) - Forecast till 2030
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