Commercial Aircraft Leasing Market to grow by USD 15.50 billion during 2021-2026, Strong market position of Irish and Chinese lessors to drive the growth - Technavio

NEW YORK, Sept. 10, 2023 /PRNewswire/ -- The commercial aircraft leasing market size is expected to grow by USD 15.50 billion between 2021 and 2026. However, the growth momentum of the market will progress at a CAGR of 8.66% during the forecast period. The market is segmented by Product (Narrow-body aircraft, Wide-body aircraft, and Regional aircraft), Type (Wet lease and Dry lease), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). The strong market position of Irish and Chinese lessors is one of the primary factors driving the commercial aircraft leasing market growth. Favorable policies of the Irish government contributed to the growth of the market. More than 40% of the leased aircraft in the market are leased by Irish lessors, and this proportion is expected to rise to 50% in the next few years. More than 4,000 aircraft leased worldwide are owned by Irish companies, and these Irish-based lessors have assets of over USD 140 million. Furthermore, China's leasing industry has grown rapidly over the past decade due to favorable regulatory and political support. Chinese leasing companies are increasingly turning to acquisitions to expand their business in aircraft. Hence, these factors are expected to contribute to boosting the growth of the aircraft leasing market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the commercial aircraft leasing market: AerCap Holdings N.V., Air Lease Corp., Aircastle Ltd., ALAFCO Aviation Lease and Finance Co., Avolon Aerospace Leasing Ltd., Bank of Communications Co. Ltd., BBAM US LP, BOC Aviation Ltd., China Aircraft Leasing Group Holdings Ltd., Deucalion Aviation Ltd., Dubai Aerospace Enterprise (DAE) Ltd., Macquarie Group Ltd., Orix Corp., Saab AB, and Tokyo Century Corp.
• Commercial Aircraft Leasing Market is fragmented in nature.
• Market to observe 6.97% YOY growth in 2022.

Market Dynamics:

Trend

• The influence of taxes on leasing is the leading trend driving the growth of the commercial aircraft leasing market during the forecast period.
• This tax exemption gives aircraft lessors peace of mind. Many countries are encouraging the development of policies in these areas to have a positive impact on the aircraft leasing market. 
• Furthermore, Norway and Switzerland offer some conditional VAT exemptions. The European Union member states (under the European Union Directive 148) provide VAT exemptions with regard to the purchase of Jet A-1 fuel.
• For instance, in 2015, Cyprus introduced novel VAT guidelines concerning the registration of private aircraft. In addition, to avail of VAT exemption, other countries such as Belgium and France operate more than 80% of the flights on international routes. 
• Thus, such initiatives of countries to reduce taxes for airlines will boost the growth of the commercial aircraft leasing market during the forecast period.

Challenge

• The fall in the price of crude oil will be a major challenge impeding the commercial aircraft leasing market during the forecast period. 

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

The wet-lease segment is expected to generate maximum revenue in the market throughout the forecast period. Wet leasing enables airline operators to extend their operations into regions where airlines do not have legal permission to operate under their own name. Also, in the wet-lease agreement, the company that owns and manages the aircraft fleet provides aircraft, crew, maintenance, and insurance services (ACMI) to the lessee. Such benefits are driving the growth of the segment.

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Related Reports:

The Global Commercial Aircraft Aviation Fuel Market size is estimated to grow at a CAGR of 7.65% between 2022 and 2027, and the size of the market is forecast to increase by USD 49.5 billion. This report extensively covers market segmentation by application (passenger aircraft and cargo aircraft), type (air turbine fuel (ATF), aviation biofuel, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The global commercial aircraft aviation fuel market is propelled by the escalating demand for air travel.

The commercial aircraft passenger service unit (PSU) market size is estimated to grow at a CAGR of 5.35% between 2022 and 2027, and the size of the market is forecast to increase by USD 319.97 million. This report extensively covers market segmentation by application (narrow-body aircraft, wide-body aircraft, and regional aircraft), component (AC vents, loud speakers, automatically deployable oxygen masks, lighting system components, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The development of sleek and attractive PSUs that increase the safety and comfort level in aircraft is notably driving the commercial aircraft PSU market growth.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

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SOURCE Technavio