Low Cost Airlines Market Size, Growth Scenarios, Trends and Study Report 2017
A recent report by KD market insights titled as "Low Cost Airlines Market Size, Trends &
Opportunity Outlook – Forecast to 2023" provides the key
trends, opportunities and challenges market will face in the forecasted period
of 6 years i.e. 2017-2023. The study also provides the Low Cost Airlines Market. competitors share and region
wise analysis around the globe.
The global low
cost airlines market was valued at $117,726 million in 2016, and is
projected to reach $207,816 million in 2023, registering a CAGR of 8.6% from
2017 to 2023. The development of the travel & tourism sector fosters the
growth of 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.
In 2016, the global
scheduled airline passenger was estimated to be 3.8 billion; and around 28% of
these passengers were carried by low cost airlines. However, the
distribution/penetration of low cost airlines is equally distributed. For
instance, in Latvia, Europe, around 80% of the passengers are flown by low-cost
carriers; whereas, in Africa, nearly half of the countries have no low cost
airline service.
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.
Nevertheless, factors such as high investment & operational cost but low profitability is anticipated to be a major challenge of the low cost airlines industry.
The global low
cost airlines market is segmented based on purpose, destination, and
distribution channel. Based on purpose, the market is divided by the type of
travelers availing the service, such as, leisure travel, VFR, business travel,
and others. Based on destination, it is categorized into domestic and
international. By distribution channel, it is classified into various mode of
availing the tickets for the service, such as online, travel agency, and
others. The global low cost airlines market is further studied across North
America, Europe, Asia-Pacific, and LAMEA.
KEY MARKET BENEFITS FOR
STAKEHOLDERS
- This report provides an
in-depth analysis of the global low cost airlines market to identify the
potential investment pockets.
- It outlines the current trends and future scenarios to determine the low cost airlines market potential and gain stronger market foothold.
- Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
- Quantitative analysis of the low cost airlines industry from 2017 to 2023 is highlighted to recognize the financial competency of the market.
- Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.
- It outlines the current trends and future scenarios to determine the low cost airlines market potential and gain stronger market foothold.
- Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
- Quantitative analysis of the low cost airlines industry from 2017 to 2023 is highlighted to recognize the financial competency of the market.
- Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.
KEY MARKET SEGMENTS
By Purpose
- Leisure Travel
- VFR
- Business Travel
- Others
- VFR
- Business Travel
- Others
By Destination
- Domestic
- International
- International
By Distribution Channel
- Online
- Travel Agency
- Others
- Travel Agency
- Others
By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Italy
- Spain
- Germany
- France
- Latvia
- Rest of Europe
Asia-Pacific
- Philippines
- Indonesia
- Thailand
- Singapore
- Malaysia
- Vietnam
- China
- India
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
- U.S.
- Canada
- Mexico
Europe
- UK
- Italy
- Spain
- Germany
- France
- Latvia
- Rest of Europe
Asia-Pacific
- Philippines
- Indonesia
- Thailand
- Singapore
- Malaysia
- Vietnam
- China
- India
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Airasia Inc.
- Virgin America
- Norwegian Air Shuttle As
- easyJet plc
- Jetstar Airways Pty Ltd.
- WestJet Airlines Ltd.
- Indigo, LLC,
- Azul Linhas Aéreas Brasileiras S.A. (Azul Brazilian Airlines)
- Ryanair Holdings plc
- Air Arabia PJSC.
- Virgin America
- Norwegian Air Shuttle As
- easyJet plc
- Jetstar Airways Pty Ltd.
- WestJet Airlines Ltd.
- Indigo, LLC,
- Azul Linhas Aéreas Brasileiras S.A. (Azul Brazilian Airlines)
- Ryanair Holdings plc
- Air Arabia PJSC.
OTHER KEY PLAYERS
- Zoom Airlines
- Southwest Airlines
- Go Airlines
- Southwest Airlines
- Go Airlines
Get Complete Research Report
with TOC @: https://www.kdmarketinsights.com/product/low-cost-airlines-market-amr
Table Of Content:
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS
FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and
models
CHAPTER 2: EXECUTIVE
SUMMARY
2.1. SNAPSHOT
2.2. CXO PRESPECTIVE
CHAPTER 3: MARKET
OVERVIEW
3.1. MARKET DEFINATION AND
SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment
pockets
3.2.2. Top impacting
factors
3.2.3. Top winning
strategies
3.3. PORTER’S FIVE FORCE
ANALYSIS
3.4. MARKET PLAYER
POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Economic growth
3.5.1.2. Development of
the global travel & tourism industry
3.5.1.3. Urbanization
coupled with population
3.5.1.4. Internet
penetration
3.5.2. Restraints
3.5.2.1. Volatile crude
oil price
3.5.2.2. Increase in
terrorism & crime rate, political uncertainty, & natural calamities
3.5.3. Opportunities
3.5.3.1. Transparent
airport regulations
3.5.3.2. Infrastructural
investment
3.5.3.3. Operational &
financial improvement
3.5.4. Challenge
3.5.4.1. High investment
& operational cost but low profitability
CHAPTER 4: LOW COST
AIRLINES MARKET, BY PURPOSE
4.1. OVERVIEW
4.1.1. Market size and
forecast
4.2. LEISURE TRAVEL
4.2.1. Key market trends,
growth factors, and opportunities
4.2.2. Market size and
forecast by region
4.2.3. Market size and
forecast by country
4.3. VFR
4.3.1. Key market trends,
growth factors, and opportunities
4.3.2. Market size and
forecast by region
4.3.3. Market size and
forecast by country
4.4. BUSINESS TRAVEL
4.4.1. Key market trends,
growth factors, and opportunities
4.4.2. Market size and
forecast by region
4.4.3. Market size and
forecast by country
4.5. OTHERS
4.5.1. Key market trends,
growth factors, and opportunities
4.5.2. Market size and
forecast by region
4.5.3. Market size and
forecast by country
CHAPTER 5: LOW COST
AIRLINES MARKET, BY DESTINATION
5.1. OVERVIEW
5.1.1. Market size and
forecast
5.2. DOMESTIC
5.2.1. Key market trends,
growth factors, and opportunities
5.2.2. Market size and
forecast by region
5.2.3. Market size and forecast
by country
5.3. INTERNATIONAL
5.3.1. Key market trends,
growth factors, and opportunities
5.3.2. Market size and
forecast by region
5.3.3. Market size and
forecast by country
CHAPTER 6: LOW COST
AIRLINES MARKET, BY DISTRIBUTION CHANNEL
6.1. OVERVIEW
6.1.1. Market size and
forecast
6.2. ONLINE
6.2.1. Key market trends,
growth factors, and opportunities
6.2.2. Market size and
forecast by region
6.2.3. Market size and
forecast by country
6.3. TRAVEL AGENCY
6.3.1. Key market trends,
growth factors, and opportunities
6.3.2. Market size and
forecast by region
6.3.3. Market size and
forecast by country
6.4. OTHERS
6.4.1. Key market trends,
growth factors, and opportunities
6.4.2. Market size and
forecast by region
6.4.3. Market size and forecast
by country
Continue:
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