Commercial Aircraft Leasing Market to record USD 14.50 Bn growth | Evolving opportunities with AerCap Group and Air Lease Corp. | Technavio
NEW YORK, March 15, 2022 /PRNewswire/ -- The global commercial aircraft leasing market has the potential to grow by USD 14.50 billion between 2020 and 2025. The market observed a year-over-year growth of 8.71% in 2021. However, the growth momentum is expected to decelerate at a CAGR of 9% during the forecast period.
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The 120-page report segments the commercial aircraft leasing market by type (wet lease and dry lease) and geography (APAC, Europe, North America, South America, and MEA).
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.
APAC will have the largest share of the market. The market currently holds 43% of the global market share and is expected to dominate the market in terms of growth throughout the forecast period. The growth of the commercial aircraft leasing market in APAC is driven by the increasing flow of investments in the aviation industry in the region. In addition, commercial airline operators in the region are focusing on expanding their operations due to the increasing number of passengers. These factors are driving the growth of the regional market. China and Japan are the key markets for commercial aircraft leasing in APAC.
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The market is driven by the strong market position of Irish and Chinese lessors. Ireland offers high capital allowance rates and low withholding rates to companies operating in the aircraft leasing industry. This is encouraging many international players to conduct core leasing operations from Ireland. Similarly, the presence of favorable regulatory policies has resulted in the rapid growth of the aircraft leasing industry in China. For instance, as of 2020, there were more than 7,000 bank leasing companies in China. Besides, many Chinese companies are increasingly resorting to acquisition as a means of business expansion. Such developments are fostering the growth of the global commercial aircraft leasing market.
In addition, the influence of taxes on aircraft leasing is anticipated to boost the growth of the commercial aircraft leasing market.
Major Five Commercial Aircraft Leasing Companies:
- AerCap Group: The company offers a portfolio of over 1044 commercial aircraft worldwide to be leased.
- Air Lease Corp.: The company is engaged in purchasing and leasing commercial aircraft to its valued airline customers worldwide.
- Avolon Aerospace Leasing Ltd.: The company is involved in the leasing of commercial aircraft. The company has a fleet of around 842 aircraft with operations in more than 60 countries.
- BANK OF CHINA: The company offers a number of different aircraft to clients through their subsidiary BOC Aviation along with financial and technical assistance.
- BBAM US LP: The company provides a range of commercial aircraft from their fleet of Airbus, Boeing, and Embraer aircraft to over 90 carriers worldwide.
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Commercial Aircraft Leasing Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Decelerate at a CAGR of 9% |
Market growth 2021-2025 | USD 14.50 billion |
Market structure | Fragmented |
YoY growth (%) | 8.71 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 43% |
Key consumer countries | China, US, Germany, France, and Japan |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AerCap Group, Air Lease Corp., Avolon Aerospace Leasing Ltd., BANK OF CHINA, BBAM US LP, Dubai Aerospace Enterprise (DAE) Ltd., General Electric Co., ICBC Co. Ltd., Nordic Aviation Capital, and Sumitomo Mitsui Finance and Leasing Co. Ltd. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Impact of COVID-19 on the industrials sector
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Leasing Type
- Market segments
- Comparison by Leasing type
- Wet lease - Market size and forecast 2020-2025
- Dry lease - Market size and forecast 2020-2025
- Market opportunity by Leasing type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AerCap Group
- Air Lease Corp.
- Avolon Aerospace Leasing Ltd.
- BANK OF CHINA
- BBAM US LP
- Dubai Aerospace Enterprise (DAE) Ltd.
- General Electric Co.
- ICBC Co. Ltd.
- Nordic Aviation Capital
- Sumitomo Mitsui Finance and Leasing Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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