Industry Outlook and Trend Analysis
The Commercial Aircraft Leasing Market has encountered substantial development in the recent years and is foreseen to grow tremendously over the forecast period. Aircraft leases are leases utilized via airlines and other aircraft administrators. Airline companies rent aircraft from different airlines or leasing organizations for two principle reasons: to use aircraft without the monetary weight of purchasing them, and to give transitory increase in capacity. The business has two primary types of leasing: wet-leasing, which is commonly used for short-term leasing, and dry-leasing which is more typical for longer-term leases. The business also makes use of combinations of wet and dry. For instance, when the aircraft is wet-leased to set up new services, at that point as the airline's flight or cabin crews become prepared, they can be changed to a dry lease.
Drivers and Restraints
The development in low-cost carriers (LCC) traffic will boost the development prospects for the global commercial aircraft leasing market over the forecast period. A portion of the main factors in charge of the developing popularity of such carriers to draw in passengers in new topographical locales incorporate quick turnaround time, special focus on generating ancillary revenues, and simplified fleet structure. Likewise, the cost-effectiveness of the LCC administrations and no-frills services offered by lessors has gained traction in the market. Moreover, with the developing adoption of LCC model and the extending network, the aircraft fleets worked via carriers is additionally expanding, which, thus, will fuel the development of the commercial aircraft leasing market.
Type Outlook and Trend Analysis
The wet lease fragment represented the lion's share of the overall industry in 2016 and will keep on dominating the market for the following years. Some of the significant advantages related with wet leasing are sufficient maintenance and insurance facilities offered by the lessors that lessen the burden of airline operators. Likewise, airlines utilizing this business air ship can work in regions where they don't have legitimate authorization to work under their names.
Regional Outlook and Trend Analysis
Geographically, EMEA represented the leading share of the overall industry in 2016 and will keep on dominating the market for the following years. The critical factors in charge of the market's development in the locale is the ascent in global traffic catered by the airlines, accessibility of provision for best-in-class flight services, high competition regarding cost, and the developing interest for aircraft leasing arrangements.
The major players in the market are BBAM, GE Capital Aviation Services, Avolon, AerCap, CIT Commercial Air, SMBC Aviation Capital, BOC Aviation, ICBC LEASING and Air Lease Corporation. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Commercial Aircraft Leasing Market is segmented as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?