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格安航空会社市場の2030年までの予測:航空機タイプ、目的、運航、流通チャネル、地域別の世界分析

Low Cost Carrier Market Forecasts to 2030 - Global Analysis By Aircraft Type, Purpose (Business Travel, Visual Flight Rules, Leisure Travel and Other Purposes), Operation, Distribution Channel and By Geography


出版日
ページ情報
英文 200+ Pages
納期
2~3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.82円
格安航空会社市場の2030年までの予測:航空機タイプ、目的、運航、流通チャネル、地域別の世界分析
出版日: 2024年02月02日
発行: Stratistics Market Research Consulting
ページ情報: 英文 200+ Pages
納期: 2~3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

Stratistics MRCによると、世界の格安航空会社(LCC)市場は2023年に2,591億米ドルを占め、予測期間中のCAGRは19.1%で成長し、2030年には8,808億米ドルに達する見込みです。

格安航空会社(LCC)は、格安航空券を提供し、運航経費を最小限に抑えることで、手頃な価格で航空旅行を提供することに重点を置く航空会社です。LCCは一般的に、食事、手荷物、座席指定などの追加サービスに対して乗客から料金を徴収する、ノーフィル・アプローチを採用しています。これらの航空会社は運航を合理化し、多くの場合、単一の航空機タイプを利用し、所要時間を短縮するためにポイント・ツー・ポイントのルートを飛行します。

IATAによると、インド国内市場は年間 18.6% の需要成長率を誇り、年間の国内成長率が最も高かったとのことです。

柔軟な機材管理

LCCは機材最適化のための革新的な戦略を採用し、効率性の向上とコスト削減を実現しました。標準化された機種の採用は、訓練や整備などの運航手順を合理化するものであり、主な動機のひとつでした。さらに、LCCは航空機を直接所有する代わりにリースすることが多く、需要の変動に基づいて機体規模を調整する柔軟性を提供しており、これがこの市場規模を押し上げています。

高い固定費

航空機の購入やリースには多額の先行投資資金が必要であり、航空機の維持には航空機のメンテナンス、燃料費、保険料などの継続的な費用がかかります。LCCは空港、地上ハンドリング施設、発券システムなどのインフラに投資する必要があるが、これらは一般的に固定費であり、多額の初期投資を必要とします。さらに、規制遵守や安全基準はLCCにさらなる固定費を課し、これが市場拡大の妨げとなっています。

革新的ビジネスモデル

低燃費エンジンや軽量素材の開発など、航空機設計の革新はLCCの運航コストを大幅に削減しました。さらに、予約システム、オンライン予約プラットフォーム、モバイル技術の進歩により、運航プロセスが合理化され、効率が向上しています。通信技術の進歩により、運航状況のリアルタイム監視が容易になり、混乱への迅速な対応と全体的な信頼性の向上が可能になり、これがこの市場の成長を後押ししています。

認識不足

認知度の低さは、従来のフルサービス航空会社が市場で優位を占めているためです。老舗のフルサービス航空会社は、よく知られたブランド名と長年の顧客ロイヤルティを持っていることが多いです。その結果、潜在的な顧客はこれらの航空会社になじみがあり、LCCの選択肢を積極的に探したり検討したりしない可能性があります。さらに、認知度の低さは、限られた路線網がこの市場規模を妨げていることにも起因しています。

COVID-19の影響

COVID-19の流行は、北米や欧州などの地域を含め、世界的に格安航空会社(LCC)市場に深刻な悪影響を及ぼしています。渡航制限、ロックダウン、消費マインドの低下により、航空需要は大幅に減少しました。加えて、厳しい検疫措置の発動や政府の規制により、LCCは保有機材のかなりの部分を欠航せざるを得なくなり、収入減と財務上のひっ迫につながり、LCCの課題はさらに激化しました。

予測期間中、ナローボディ・セグメントが最大となる見込み

ナローボディセグメントは、ナローボディまたは短距離路線機として知られる単通路機を運航していることから、最大のシェアを占めると推定されます。ナローボディLCCは、短距離から中距離の旅に対応するように設計されており、特定の地域内で手頃な価格のフライトを求める旅客に費用対効果の高い旅行オプションを提供しています。さらに、ナローボディ機の柔軟性により、LCCは需要の変化に対応し、様々なルートを展開し、このセグメントの拡大を推進することができます。

視覚的飛行規則(VFR)セグメントは予測期間中最も高いCAGRが見込まれる

航空会社がVFRガイドラインに準拠した短距離路線を優先し、目視範囲内でのポイント・ツー・ポイントの移動に重点を置いているため、目視飛行規則(VFR)分野は予測期間中、CAGRが最も高くなると予想されます。VFR運航では、主に地上を目視で確認しながら飛行するため、費用対効果の高いナビゲーションが可能になり、航空管制手続きも簡素化されます。さらに、この戦略により、これらの航空会社は、リージョナル路線や短距離路線の旅客に競合価格の航空券を提供することが可能となり、このセグメントの成長を後押ししています。

最大のシェアを占める地域:

北米は、堅調な市場競争、路線拡大、技術革新により、予測期間中最大の市場シェアを占めました。同地域のサウスウエスト航空やスピリット航空などのLCCは、余分なサービスは提供しないモデルの先駆者であり、手頃な価格の航空券を提供して旅客の需要を刺激しています。 さらに、デジタル技術、モバイルアプリ、オンライン予約プラットフォームの導入により、旅客体験が合理化され、LCCは流通コストを削減し、顧客の利便性を高めることができるようになり、この地域の拡大を後押ししています。

CAGRが最も高い地域:

欧州は、同大陸の航空情勢を再構築する大幅な成長と変革により、予測期間中に最も高いCAGRで成長すると予想されます。ライアンエアーやイージージェットのような航空会社によって展開された欧州のLCCセクターは、手頃な価格、運営効率、路線網の拡大を重視しています。さらに、他の航空会社との戦略的提携やアライアンス、コードシェア契約は、欧州のLCCの路線拡大に一役買っており、この地域の成長を後押ししています。

無料カスタマイズサービス:

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます:

  • 企業プロファイル
    • 追加市場プレーヤーの包括的プロファイリング(3社まで)
    • 主要企業のSWOT分析(3社まで)
  • 地域セグメンテーション
    • 顧客の関心に応じた主要国の市場推計・予測・CAGR(注:フィージビリティチェックによる)
  • 競合ベンチマーキング
    • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

  • 概要
  • ステークホルダー
  • 調査範囲
  • 調査手法
    • データマイニング
    • データ分析
    • データ検証
    • 調査アプローチ
  • 調査ソース
    • 1次調査ソース
    • 2次調査ソース
    • 前提条件

第3章 市場動向分析

  • 促進要因
  • 抑制要因
  • 機会
  • 脅威
  • 新興市場
  • 新型コロナウイルス感染症(COVID-19)の影響

第4章 ポーターのファイブフォース分析

  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威
  • 新規参入業者の脅威
  • 競合企業間の敵対関係

第5章 世界の格安航空会社市場:航空機タイプ別

  • ナローボディ
  • ワイドボディー
  • その他の航空機タイプ

第6章 世界の格安航空会社市場:目的別

  • 出張旅行
  • 有視界飛行規則(VFR)
  • レジャー旅行
  • その他の目的

第7章 世界の格安航空会社市場:運航別

  • 国内線
  • 国際線

第8章 世界の格安航空会社市場:流通チャネル別

  • 旅行会社
  • オンライン
  • その他の流通チャネル

第9章 世界の格安航空会社市場:地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • イタリア
    • フランス
    • スペイン
    • その他欧州
  • アジア太平洋地域
    • 日本
    • 中国
    • インド
    • オーストラリア
    • ニュージーランド
    • 韓国
    • その他アジア太平洋地域
  • 南米
    • アルゼンチン
    • ブラジル
    • チリ
    • その他南米
  • 中東とアフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • カタール
    • 南アフリカ
    • その他中東とアフリカ

第10章 主な発展

  • 契約、パートナーシップ、コラボレーション、合弁事業
  • 買収と合併
  • 新製品の発売
  • 事業拡大
  • その他の主要戦略

第11章 企業プロファイル

  • Alaska Air Group, Inc.
  • Air Arabia PJSC
  • Indigo
  • AirAsia Group Berhad
  • Azul S.A
  • Norweigan Air Shuttle
  • easyJet
  • Ryan Air
  • JetBlue Airways Corporation
  • Spicejet Ltd
  • Southwest Airlines Co
  • Spirit Airlines
  • Westjet Airlines Ltd
図表

List of Tables

  • Table 1 Global Low Cost Carrier Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Low Cost Carrier Market Outlook, By Aircraft Type (2021-2030) ($MN)
  • Table 3 Global Low Cost Carrier Market Outlook, By Narrow-Body (2021-2030) ($MN)
  • Table 4 Global Low Cost Carrier Market Outlook, By Wide-Body (2021-2030) ($MN)
  • Table 5 Global Low Cost Carrier Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
  • Table 6 Global Low Cost Carrier Market Outlook, By Purpose (2021-2030) ($MN)
  • Table 7 Global Low Cost Carrier Market Outlook, By Business Travel (2021-2030) ($MN)
  • Table 8 Global Low Cost Carrier Market Outlook, By Visual Flight Rules (VFR) (2021-2030) ($MN)
  • Table 9 Global Low Cost Carrier Market Outlook, By Leisure Travel (2021-2030) ($MN)
  • Table 10 Global Low Cost Carrier Market Outlook, By Other Purposes (2021-2030) ($MN)
  • Table 11 Global Low Cost Carrier Market Outlook, By Operation (2021-2030) ($MN)
  • Table 12 Global Low Cost Carrier Market Outlook, By Domestic (2021-2030) ($MN)
  • Table 13 Global Low Cost Carrier Market Outlook, By International (2021-2030) ($MN)
  • Table 14 Global Low Cost Carrier Market Outlook, By Distribution Channel (2021-2030) ($MN)
  • Table 15 Global Low Cost Carrier Market Outlook, By Travel Agency (2021-2030) ($MN)
  • Table 16 Global Low Cost Carrier Market Outlook, By Online (2021-2030) ($MN)
  • Table 17 Global Low Cost Carrier Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
  • Table 18 North America Low Cost Carrier Market Outlook, By Country (2021-2030) ($MN)
  • Table 19 North America Low Cost Carrier Market Outlook, By Aircraft Type (2021-2030) ($MN)
  • Table 20 North America Low Cost Carrier Market Outlook, By Narrow-Body (2021-2030) ($MN)
  • Table 21 North America Low Cost Carrier Market Outlook, By Wide-Body (2021-2030) ($MN)
  • Table 22 North America Low Cost Carrier Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
  • Table 23 North America Low Cost Carrier Market Outlook, By Purpose (2021-2030) ($MN)
  • Table 24 North America Low Cost Carrier Market Outlook, By Business Travel (2021-2030) ($MN)
  • Table 25 North America Low Cost Carrier Market Outlook, By Visual Flight Rules (VFR) (2021-2030) ($MN)
  • Table 26 North America Low Cost Carrier Market Outlook, By Leisure Travel (2021-2030) ($MN)
  • Table 27 North America Low Cost Carrier Market Outlook, By Other Purposes (2021-2030) ($MN)
  • Table 28 North America Low Cost Carrier Market Outlook, By Operation (2021-2030) ($MN)
  • Table 29 North America Low Cost Carrier Market Outlook, By Domestic (2021-2030) ($MN)
  • Table 30 North America Low Cost Carrier Market Outlook, By International (2021-2030) ($MN)
  • Table 31 North America Low Cost Carrier Market Outlook, By Distribution Channel (2021-2030) ($MN)
  • Table 32 North America Low Cost Carrier Market Outlook, By Travel Agency (2021-2030) ($MN)
  • Table 33 North America Low Cost Carrier Market Outlook, By Online (2021-2030) ($MN)
  • Table 34 North America Low Cost Carrier Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
  • Table 35 Europe Low Cost Carrier Market Outlook, By Country (2021-2030) ($MN)
  • Table 36 Europe Low Cost Carrier Market Outlook, By Aircraft Type (2021-2030) ($MN)
  • Table 37 Europe Low Cost Carrier Market Outlook, By Narrow-Body (2021-2030) ($MN)
  • Table 38 Europe Low Cost Carrier Market Outlook, By Wide-Body (2021-2030) ($MN)
  • Table 39 Europe Low Cost Carrier Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
  • Table 40 Europe Low Cost Carrier Market Outlook, By Purpose (2021-2030) ($MN)
  • Table 41 Europe Low Cost Carrier Market Outlook, By Business Travel (2021-2030) ($MN)
  • Table 42 Europe Low Cost Carrier Market Outlook, By Visual Flight Rules (VFR) (2021-2030) ($MN)
  • Table 43 Europe Low Cost Carrier Market Outlook, By Leisure Travel (2021-2030) ($MN)
  • Table 44 Europe Low Cost Carrier Market Outlook, By Other Purposes (2021-2030) ($MN)
  • Table 45 Europe Low Cost Carrier Market Outlook, By Operation (2021-2030) ($MN)
  • Table 46 Europe Low Cost Carrier Market Outlook, By Domestic (2021-2030) ($MN)
  • Table 47 Europe Low Cost Carrier Market Outlook, By International (2021-2030) ($MN)
  • Table 48 Europe Low Cost Carrier Market Outlook, By Distribution Channel (2021-2030) ($MN)
  • Table 49 Europe Low Cost Carrier Market Outlook, By Travel Agency (2021-2030) ($MN)
  • Table 50 Europe Low Cost Carrier Market Outlook, By Online (2021-2030) ($MN)
  • Table 51 Europe Low Cost Carrier Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
  • Table 52 Asia Pacific Low Cost Carrier Market Outlook, By Country (2021-2030) ($MN)
  • Table 53 Asia Pacific Low Cost Carrier Market Outlook, By Aircraft Type (2021-2030) ($MN)
  • Table 54 Asia Pacific Low Cost Carrier Market Outlook, By Narrow-Body (2021-2030) ($MN)
  • Table 55 Asia Pacific Low Cost Carrier Market Outlook, By Wide-Body (2021-2030) ($MN)
  • Table 56 Asia Pacific Low Cost Carrier Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
  • Table 57 Asia Pacific Low Cost Carrier Market Outlook, By Purpose (2021-2030) ($MN)
  • Table 58 Asia Pacific Low Cost Carrier Market Outlook, By Business Travel (2021-2030) ($MN)
  • Table 59 Asia Pacific Low Cost Carrier Market Outlook, By Visual Flight Rules (VFR) (2021-2030) ($MN)
  • Table 60 Asia Pacific Low Cost Carrier Market Outlook, By Leisure Travel (2021-2030) ($MN)
  • Table 61 Asia Pacific Low Cost Carrier Market Outlook, By Other Purposes (2021-2030) ($MN)
  • Table 62 Asia Pacific Low Cost Carrier Market Outlook, By Operation (2021-2030) ($MN)
  • Table 63 Asia Pacific Low Cost Carrier Market Outlook, By Domestic (2021-2030) ($MN)
  • Table 64 Asia Pacific Low Cost Carrier Market Outlook, By International (2021-2030) ($MN)
  • Table 65 Asia Pacific Low Cost Carrier Market Outlook, By Distribution Channel (2021-2030) ($MN)
  • Table 66 Asia Pacific Low Cost Carrier Market Outlook, By Travel Agency (2021-2030) ($MN)
  • Table 67 Asia Pacific Low Cost Carrier Market Outlook, By Online (2021-2030) ($MN)
  • Table 68 Asia Pacific Low Cost Carrier Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
  • Table 69 South America Low Cost Carrier Market Outlook, By Country (2021-2030) ($MN)
  • Table 70 South America Low Cost Carrier Market Outlook, By Aircraft Type (2021-2030) ($MN)
  • Table 71 South America Low Cost Carrier Market Outlook, By Narrow-Body (2021-2030) ($MN)
  • Table 72 South America Low Cost Carrier Market Outlook, By Wide-Body (2021-2030) ($MN)
  • Table 73 South America Low Cost Carrier Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
  • Table 74 South America Low Cost Carrier Market Outlook, By Purpose (2021-2030) ($MN)
  • Table 75 South America Low Cost Carrier Market Outlook, By Business Travel (2021-2030) ($MN)
  • Table 76 South America Low Cost Carrier Market Outlook, By Visual Flight Rules (VFR) (2021-2030) ($MN)
  • Table 77 South America Low Cost Carrier Market Outlook, By Leisure Travel (2021-2030) ($MN)
  • Table 78 South America Low Cost Carrier Market Outlook, By Other Purposes (2021-2030) ($MN)
  • Table 79 South America Low Cost Carrier Market Outlook, By Operation (2021-2030) ($MN)
  • Table 80 South America Low Cost Carrier Market Outlook, By Domestic (2021-2030) ($MN)
  • Table 81 South America Low Cost Carrier Market Outlook, By International (2021-2030) ($MN)
  • Table 82 South America Low Cost Carrier Market Outlook, By Distribution Channel (2021-2030) ($MN)
  • Table 83 South America Low Cost Carrier Market Outlook, By Travel Agency (2021-2030) ($MN)
  • Table 84 South America Low Cost Carrier Market Outlook, By Online (2021-2030) ($MN)
  • Table 85 South America Low Cost Carrier Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
  • Table 86 Middle East & Africa Low Cost Carrier Market Outlook, By Country (2021-2030) ($MN)
  • Table 87 Middle East & Africa Low Cost Carrier Market Outlook, By Aircraft Type (2021-2030) ($MN)
  • Table 88 Middle East & Africa Low Cost Carrier Market Outlook, By Narrow-Body (2021-2030) ($MN)
  • Table 89 Middle East & Africa Low Cost Carrier Market Outlook, By Wide-Body (2021-2030) ($MN)
  • Table 90 Middle East & Africa Low Cost Carrier Market Outlook, By Other Aircraft Types (2021-2030) ($MN)
  • Table 91 Middle East & Africa Low Cost Carrier Market Outlook, By Purpose (2021-2030) ($MN)
  • Table 92 Middle East & Africa Low Cost Carrier Market Outlook, By Business Travel (2021-2030) ($MN)
  • Table 93 Middle East & Africa Low Cost Carrier Market Outlook, By Visual Flight Rules (VFR) (2021-2030) ($MN)
  • Table 94 Middle East & Africa Low Cost Carrier Market Outlook, By Leisure Travel (2021-2030) ($MN)
  • Table 95 Middle East & Africa Low Cost Carrier Market Outlook, By Other Purposes (2021-2030) ($MN)
  • Table 96 Middle East & Africa Low Cost Carrier Market Outlook, By Operation (2021-2030) ($MN)
  • Table 97 Middle East & Africa Low Cost Carrier Market Outlook, By Domestic (2021-2030) ($MN)
  • Table 98 Middle East & Africa Low Cost Carrier Market Outlook, By International (2021-2030) ($MN)
  • Table 99 Middle East & Africa Low Cost Carrier Market Outlook, By Distribution Channel (2021-2030) ($MN)
  • Table 100 Middle East & Africa Low Cost Carrier Market Outlook, By Travel Agency (2021-2030) ($MN)
  • Table 101 Middle East & Africa Low Cost Carrier Market Outlook, By Online (2021-2030) ($MN)
  • Table 102 Middle East & Africa Low Cost Carrier Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
目次
Product Code: SMRC25186

According to Stratistics MRC, the Global Low Cost Carrier Market is accounted for $259.1 billion in 2023 and is expected to reach $880.8 billion by 2030 growing at a CAGR of 19.1% during the forecast period. A low-cost carrier (LCC) is an airline that focuses on providing affordable air travel by offering budget-friendly ticket prices and minimizing operational expenses. LCCs typically adopt a no-frills approach, charging passengers for additional services like meals, baggage, and seat selection. These airlines streamline operations, often utilizing a single aircraft type and flying point-to-point routes to reduce turnaround times.

According to the IATA, The Indian Domestic market, with a demand growth of 18.6% annually, had the fastest full-year domestic growth rate.

Market Dynamics:

Driver:

Flexible fleet management

LCCs adopted innovative strategies to optimize their fleets, allowing for increased efficiency and cost savings. The adoption of a standardized fleet of aircraft models, which streamlined operational procedures such as training and maintenance, was one of the main motivators. Furthermore, LCCs often lease aircraft instead of owning them outright, providing the flexibility to adjust fleet size based on demand fluctuations, which is driving this market size.

Restraint:

High fixed costs

Purchasing or leasing aircraft requires substantial upfront capital, and maintaining a fleet involves ongoing expenses such as aircraft maintenance, fuel costs, and insurance. LCCs need to invest in infrastructure such as airports, ground handling facilities, and ticketing systems, which are typically fixed and require substantial initial investment. Moreover, regulatory compliance and safety standards impose additional fixed costs on LCCs, which impede this market expansion.

Opportunity:

Innovative business models

Innovations in aircraft design, such as the development of fuel-efficient engines and lightweight materials, have significantly reduced operational costs for LCCs. Moreover, advancements in reservation systems, online booking platforms, and mobile technologies have streamlined operational processes and enhanced efficiency. Advancements in communication technologies facilitate real-time monitoring of flight operations, enabling quick responses to disruptions and enhancing overall reliability, which is driving this market growth.

Threat:

Lack of awareness

The lack of awareness is due to the dominance of traditional full-service airlines in the market. Established full-service carriers often have well-known brand names and long-standing customer loyalty. As a result, potential customers may be more familiar with these airlines and may not actively seek out or consider LCC options. Moreover, the lack of awareness can also be attributed to limited route networks, which is hindering this market size.

Covid-19 Impact

The COVID-19 pandemic has had profound negative impacts on the low-cost carrier (LCC) market globally, including in regions like North America and Europe. Travel restrictions, lockdowns, and a decline in consumer confidence have led to a significant reduction in air travel demand. In addition, the imposition of strict quarantine measures and government restrictions forced LCCs to ground a substantial portion of their fleets, leading to revenue losses and financial strain, which further intensified the challenges for LCCs.

The narrow-body segment is expected to be the largest during the forecast period

The narrow-body segment is estimated to hold the largest share due to the fact that they operate single-aisle aircraft, known as narrow-body or short-haul planes. Narrow-body LCCs are designed to cater to short- to medium-haul journeys, offering cost-effective travel options for passengers seeking affordable flights within specific regions. Moreover, the flexibility of narrow-body aircraft allows LCCs to adapt to changing demand, explore a variety of routes, and drive this segment's expansion.

The visual flight rules (VFR) segment is expected to have the highest CAGR during the forecast period

The visual flight rules (VFR) segment is anticipated to have highest CAGR during the forecast period due to the airlines prioritizing short-haul routes that adhere to VFR guidelines, focusing on point-to-point travel within the visual range. VFR operations involve flying primarily by visual reference to the ground, allowing for cost-effective navigation and simplified air traffic control procedures. In addition, this strategy enables these carriers to offer competitive ticket prices for passengers on regional and short-haul routes, which is boosting this segment's growth.

Region with largest share:

North America commanded the largest market share during the extrapolated period owing to robust competition, route expansions, and technological innovations. LCCs in the region, such as Southwest Airlines and Spirit Airlines, have pioneered the no-frills model, offering affordable air travel options and stimulating passenger demand. Furthermore, the introduction of digital technologies, mobile apps, and online booking platforms has streamlined the passenger experience, enabling LCCs to reduce distribution costs and enhance customer convenience, which is propelling this region's expansion.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to substantial growth and transformation reshaping the continent's aviation landscape. Pioneered by airlines like Ryanair and EasyJet, the European LCC sector emphasizes affordability, operational efficiency, and expanded route networks. Additionally, strategic partnerships and alliances with other carriers, as well as code-sharing agreements, have played a role in extending the reach of European LCCs, which thereby boosts this region's growth.

Key players in the market

Some of the key players in the Low Cost Carrier Market include Alaska Air Group, Inc., Air Arabia PJSC, Indigo, AirAsia Group Berhad, Azul S.A, Norweigan Air Shuttle, and easyJet, Ryan Air, JetBlue Airways Corporation, Spicejet Ltd, Southwest Airlines Co, Spirit Airlines and Westjet Airlines Ltd.

Key Developments:

In January 2024, IndiGo, India's preferred airline, has announced direct flights between Dubai and Surat. The addition of this strategic route to the 6E network is designed to facilitate seamless travel for tourists and business travellers and enhance bilateral economic growth and relations between India and the UAE.

In January 2024, IndiGo, has signed a Memorandum of Understanding (MoU) with CAE Simulation Training Private Limited (CSTPL) to provide Flight Crew Training for its fleet of ATR aircraft.

In January 2024, Ryanair announced a new partnership agreement with approved OTA, Kiwi.com, which guarantees that Kiwi will now have direct access to the Ryanair.com website without screenscraping, and Kiwi agree to provide their customers with low Ryanair prices.

Aircraft Types Covered:

  • Narrow-Body
  • Wide-Body
  • Other Aircraft Types

Purpose Covered:

  • Business Travel
  • Visual Flight Rules (VFR)
  • Leisure Travel
  • Other Purposes

Operations Covered:

  • Domestic
  • International

Distribution Channels Covered:

  • Travel Agency
  • Online
  • Other Distribution Channels

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Emerging Markets
  • 3.7 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Low Cost Carrier Market, By Aircraft Type

  • 5.1 Introduction
  • 5.2 Narrow-Body
  • 5.3 Wide-Body
  • 5.4 Other Aircraft Types

6 Global Low Cost Carrier Market, By Purpose

  • 6.1 Introduction
  • 6.2 Business Travel
  • 6.3 Visual Flight Rules (VFR)
  • 6.4 Leisure Travel
  • 6.5 Other Purposes

7 Global Low Cost Carrier Market, By Operation

  • 7.1 Introduction
  • 7.2 Domestic
  • 7.3 International

8 Global Low Cost Carrier Market, By Distribution Channel

  • 8.1 Introduction
  • 8.2 Travel Agency
  • 8.3 Online
  • 8.4 Other Distribution Channels

9 Global Low Cost Carrier Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 Alaska Air Group, Inc.
  • 11.2 Air Arabia PJSC
  • 11.3 Indigo
  • 11.4 AirAsia Group Berhad
  • 11.5 Azul S.A
  • 11.6 Norweigan Air Shuttle
  • 11.7 easyJet
  • 11.8 Ryan Air
  • 11.9 JetBlue Airways Corporation
  • 11.10 Spicejet Ltd
  • 11.11 Southwest Airlines Co
  • 11.12 Spirit Airlines
  • 11.13 Westjet Airlines Ltd