Global Low Cost Airlines Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI09247000

Publication Date:

September 12, 2024

Pages:

117

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturing (Automotive) [2]

Components [3]

Automotive [4]

Description:

The global Low Cost Airlines market size was valued at US$ 122770 million in 2023. With growing demand in downstream market, the Low Cost Airlines is forecast to a readjusted size of US$ 173710 million by 2030 with a CAGR of 5.1% during review period.
The research report highlights the growth potential of the global Low Cost Airlines market. Low Cost Airlines are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Low Cost Airlines. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Low Cost Airlines market.
Low cost airlines are passenger airlines, which offer travelling service tickets at relatively cheaper rate compared to other airlines (full service or traditional airline). Low cost airlines are also known as "no frills airlines," "prizefighters," "low-cost carriers (LCC)," "discount airlines," and "budget airlines." Some of the popular low cost airlines include Ryanair and EasyJet.
The growth of the market is attributed to the rise in economic activity, ease of travel, travel & tourism industry, urbanization, changes in lifestyle, consumers' preference for low cost service along with non-stops, and frequent service, increase in purchasing power of middle class households especially in the developing regions, and high internet penetration coupled with e-literacy. However, factors such as volatile crude oil price and increase in terrorism & crime rate, political uncertainty, & natural calamities hinder the market growth. Conversely, sustainable airport governance, operational & financial improvement is anticipated to leverage the growth of the low cost airlines market.
Key Features:
The report on Low Cost Airlines market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Low Cost Airlines market. It may include historical data, market segmentation by Type (e.g., Leisure Travel, VFR), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Low Cost Airlines market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Low Cost Airlines market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Low Cost Airlines industry. This include advancements in Low Cost Airlines technology, Low Cost Airlines new entrants, Low Cost Airlines new investment, and other innovations that are shaping the future of Low Cost Airlines.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Low Cost Airlines market. It includes factors influencing customer ' purchasing decisions, preferences for Low Cost Airlines product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Low Cost Airlines market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Low Cost Airlines market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Low Cost Airlines market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Low Cost Airlines industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Low Cost Airlines market.
Market Segmentation:
Low Cost Airlines market is split by Type and by Distribution Channel. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Distribution Channel in terms of value.
Segmentation by type
Leisure Travel
VFR
Business Travel
Others
Segmentation by distribution channel
Online
Travel Agency
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AirAsia Berhad
Virgin
Norwegian Air Shuttle
EasyJet
Jetstar Airways
WestJet Airlines
Indigo
Azul Linhas Areas Brasileiras
Ryanair Holdings
Air Arabia PJSC

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Low Cost Airlines Market Size 2019-2030
2.1.2 Low Cost Airlines Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Low Cost Airlines Segment by Type
2.2.1 Leisure Travel
2.2.2 VFR
2.2.3 Business Travel
2.2.4 Others
2.3 Low Cost Airlines Market Size by Type
2.3.1 Low Cost Airlines Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Low Cost Airlines Market Size Market Share by Type (2019-2024)
2.4 Low Cost Airlines Segment by Distribution Channel
2.4.1 Online
2.4.2 Travel Agency
2.4.3 Others
2.5 Low Cost Airlines Market Size by Distribution Channel
2.5.1 Low Cost Airlines Market Size CAGR by Distribution Channel (2019 VS 2023 VS 2030)
2.5.2 Global Low Cost Airlines Market Size Market Share by Distribution Channel (2019-2024)
3 Low Cost Airlines Market Size by Player
3.1 Low Cost Airlines Market Size Market Share by Players
3.1.1 Global Low Cost Airlines Revenue by Players (2019-2024)
3.1.2 Global Low Cost Airlines Revenue Market Share by Players (2019-2024)
3.2 Global Low Cost Airlines Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Low Cost Airlines by Regions
4.1 Low Cost Airlines Market Size by Regions (2019-2024)
4.2 Americas Low Cost Airlines Market Size Growth (2019-2024)
4.3 APAC Low Cost Airlines Market Size Growth (2019-2024)
4.4 Europe Low Cost Airlines Market Size Growth (2019-2024)
4.5 Middle East & Africa Low Cost Airlines Market Size Growth (2019-2024)
5 Americas
5.1 Americas Low Cost Airlines Market Size by Country (2019-2024)
5.2 Americas Low Cost Airlines Market Size by Type (2019-2024)
5.3 Americas Low Cost Airlines Market Size by Distribution Channel (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Low Cost Airlines Market Size by Region (2019-2024)
6.2 APAC Low Cost Airlines Market Size by Type (2019-2024)
6.3 APAC Low Cost Airlines Market Size by Distribution Channel (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Low Cost Airlines by Country (2019-2024)
7.2 Europe Low Cost Airlines Market Size by Type (2019-2024)
7.3 Europe Low Cost Airlines Market Size by Distribution Channel (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Low Cost Airlines by Region (2019-2024)
8.2 Middle East & Africa Low Cost Airlines Market Size by Type (2019-2024)
8.3 Middle East & Africa Low Cost Airlines Market Size by Distribution Channel (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Low Cost Airlines Market Forecast
10.1 Global Low Cost Airlines Forecast by Regions (2025-2030)
10.1.1 Global Low Cost Airlines Forecast by Regions (2025-2030)
10.1.2 Americas Low Cost Airlines Forecast
10.1.3 APAC Low Cost Airlines Forecast
10.1.4 Europe Low Cost Airlines Forecast
10.1.5 Middle East & Africa Low Cost Airlines Forecast
10.2 Americas Low Cost Airlines Forecast by Country (2025-2030)
10.2.1 United States Low Cost Airlines Market Forecast
10.2.2 Canada Low Cost Airlines Market Forecast
10.2.3 Mexico Low Cost Airlines Market Forecast
10.2.4 Brazil Low Cost Airlines Market Forecast
10.3 APAC Low Cost Airlines Forecast by Region (2025-2030)
10.3.1 China Low Cost Airlines Market Forecast
10.3.2 Japan Low Cost Airlines Market Forecast
10.3.3 Korea Low Cost Airlines Market Forecast
10.3.4 Southeast Asia Low Cost Airlines Market Forecast
10.3.5 India Low Cost Airlines Market Forecast
10.3.6 Australia Low Cost Airlines Market Forecast
10.4 Europe Low Cost Airlines Forecast by Country (2025-2030)
10.4.1 Germany Low Cost Airlines Market Forecast
10.4.2 France Low Cost Airlines Market Forecast
10.4.3 UK Low Cost Airlines Market Forecast
10.4.4 Italy Low Cost Airlines Market Forecast
10.4.5 Russia Low Cost Airlines Market Forecast
10.5 Middle East & Africa Low Cost Airlines Forecast by Region (2025-2030)
10.5.1 Egypt Low Cost Airlines Market Forecast
10.5.2 South Africa Low Cost Airlines Market Forecast
10.5.3 Israel Low Cost Airlines Market Forecast
10.5.4 Turkey Low Cost Airlines Market Forecast
10.5.5 GCC Countries Low Cost Airlines Market Forecast
10.6 Global Low Cost Airlines Forecast by Type (2025-2030)
10.7 Global Low Cost Airlines Forecast by Distribution Channel (2025-2030)

11 Key Players Analysis
11.1 AirAsia Berhad
11.1.1 AirAsia Berhad Company Information
11.1.2 AirAsia Berhad Low Cost Airlines Product Offered
11.1.3 AirAsia Berhad Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 AirAsia Berhad Main Business Overview
11.1.5 AirAsia Berhad Latest Developments
11.2 Virgin
11.2.1 Virgin Company Information
11.2.2 Virgin Low Cost Airlines Product Offered
11.2.3 Virgin Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Virgin Main Business Overview
11.2.5 Virgin Latest Developments
11.3 Norwegian Air Shuttle
11.3.1 Norwegian Air Shuttle Company Information
11.3.2 Norwegian Air Shuttle Low Cost Airlines Product Offered
11.3.3 Norwegian Air Shuttle Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Norwegian Air Shuttle Main Business Overview
11.3.5 Norwegian Air Shuttle Latest Developments
11.4 EasyJet
11.4.1 EasyJet Company Information
11.4.2 EasyJet Low Cost Airlines Product Offered
11.4.3 EasyJet Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 EasyJet Main Business Overview
11.4.5 EasyJet Latest Developments
11.5 Jetstar Airways
11.5.1 Jetstar Airways Company Information
11.5.2 Jetstar Airways Low Cost Airlines Product Offered
11.5.3 Jetstar Airways Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Jetstar Airways Main Business Overview
11.5.5 Jetstar Airways Latest Developments
11.6 WestJet Airlines
11.6.1 WestJet Airlines Company Information
11.6.2 WestJet Airlines Low Cost Airlines Product Offered
11.6.3 WestJet Airlines Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 WestJet Airlines Main Business Overview
11.6.5 WestJet Airlines Latest Developments
11.7 Indigo
11.7.1 Indigo Company Information
11.7.2 Indigo Low Cost Airlines Product Offered
11.7.3 Indigo Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Indigo Main Business Overview
11.7.5 Indigo Latest Developments
11.8 Azul Linhas Areas Brasileiras
11.8.1 Azul Linhas Areas Brasileiras Company Information
11.8.2 Azul Linhas Areas Brasileiras Low Cost Airlines Product Offered
11.8.3 Azul Linhas Areas Brasileiras Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Azul Linhas Areas Brasileiras Main Business Overview
11.8.5 Azul Linhas Areas Brasileiras Latest Developments
11.9 Ryanair Holdings
11.9.1 Ryanair Holdings Company Information
11.9.2 Ryanair Holdings Low Cost Airlines Product Offered
11.9.3 Ryanair Holdings Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Ryanair Holdings Main Business Overview
11.9.5 Ryanair Holdings Latest Developments
11.10 Air Arabia PJSC
11.10.1 Air Arabia PJSC Company Information
11.10.2 Air Arabia PJSC Low Cost Airlines Product Offered
11.10.3 Air Arabia PJSC Low Cost Airlines Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Air Arabia PJSC Main Business Overview
11.10.5 Air Arabia PJSC Latest Developments
12 Research Findings and Conclusion

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