Low-Cost Carrier Trends and Forecast
The future of the global low-cost carrier market looks promising with opportunities in the narrow body and wide body markets. The global low-cost carrier market is expected to reach an estimated $566.1 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are aviation market liberalization and open skies agreements, growth of the tourism industry, as well as, growing demand for fixed assets in a variety of industrial sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Low-Cost Carrier by Segment
The study includes a forecast for the global low-cost carrier by destination, haul, aircraft type, and region.
Low-Cost Carrier Market by Destination [Shipment Analysis by Value from 2018 to 2030]:
• Domestic
• International
Low-Cost Carrier Market by Haul [Shipment Analysis by Value from 2018 to 2030]:
• Long Haul
• Short Haul
Low-Cost Carrier Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
• Narrow Body
• Wide Body
• Others
Low-Cost Carrier Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Low-Cost Carrier Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies low-cost carrier companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the low-cost carrier companies profiled in this report include-
• Air Asia
• Ryanair
• Indigo
• Scoot
• Southwest Airlines
• Eurowings
• flydubai
• Virgin Australia
• JetBlue Airlines
• Wizz Air
Low-Cost Carrier Market Insights
Lucintel forecasts that international will remain the larger segment over the forecast period due to the expanding number of foreign routes by airline carriers to expand their company.
Within this market, wide body will remain the larger segment due to the increase number of fleet by low-cost carriers.
APAC will remain the largest region over the forecast period due to the enhanced low-cost carrier network to encourage unexplored routes and intra-regional travel.
Features of the Global Low-Cost Carrier Market
Market Size Estimates: Low-cost carrier market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Low-cost carrier market size by destination, haul, aircraft type, and region in terms of value ($B).
Regional Analysis: Low-cost carrier market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different destination, haul, aircraft type, and regions for the low-cost carrier market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the low-cost carrier market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the low-cost carrier market size?
Answer: The global low-cost carrier market is expected to reach an estimated $566.1 billion by 2030.
Q2. What is the growth forecast for low-cost carrier market?
Answer: The global low-cost carrier market is expected to grow with a CAGR of 15.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the low-cost carrier market?
Answer: The major drivers for this market are aviation market liberalization and open skies agreements, growth of the tourism industry, as well as, growing demand for fixed assets in a variety of industrial sectors.
Q4. What are the major segments for low-cost carrier market?
Answer: The future of the global low-cost carrier market looks promising with opportunities in the narrow body and wide body markets.
Q5. Who are the key low-cost carrier market companies?
Answer: Some of the key low-cost carrier companies are as follows:
• Air Asia
• Ryanair
• Indigo
• Scoot
• Southwest Airlines
• Eurowings
• flydubai
• Virgin Australia
• JetBlue Airlines
• Wizz Air
Q6. Which low-cost carrier market segment will be the largest in future?
Answer: Lucintel forecasts that international will remain the larger segment over the forecast period due to the expanding number of foreign routes by airline carriers to expand their company.
Q7. In low-cost carrier market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the enhanced low-cost carrier network to encourage unexplored routes and intra-regional travel.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the low-cost carrier market by destination (domestic and international), haul (long haul and short haul), aircraft type (narrow body, wide body, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Low-Cost Carrier Market, Low-Cost Carrier Market Size, Low-Cost Carrier Market Growth, Low-Cost Carrier Market Analysis, Low-Cost Carrier Market Report, Low-Cost Carrier Market Share, Low-Cost Carrier Market Trends, Low-Cost Carrier Market Forecast, Low-Cost Carrier Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.