DUBLIN, November 11, 2022 /PRNewswire/ — The report “Low-Cost Airline Market by Purpose, By Destination, By Distribution Channel: Global Opportunities Analysis and Industry Forecast, 2016-2030” has been added to from ResearchAndMarkets.com offer.
The global low-cost airline market was valued at $155.02 billion in 2016, and should reach $440.46 billion by 2030, growing at a CAGR of 10.4% from 2022 to 2030.
The low-cost airline is a passenger carrier that offers travel service at relatively affordable and competitive rates compared to other airlines (full service or traditional airline). Low cost airlines are also known as “no frills airlines”, “fighters”, “low cost carriers (LCCs)”, “discount airlines” and “budget airlines”. Some of the popular budget airlines include Ryanair, EasyJet, Air Asia and Qantas Airways.
The feasibility of operating low-cost airlines is attributed to its low-cost model. This low-cost model may include features such as a low pricing strategy, simple pricing structure, involves online and direct ticket booking (eliminating additional ground staff and vendors), preference for secondary airport, point-to-point network, single-class seating arrangement, ticket price may not include additional services (food and beverages), heavy use of the aircraft, short turnaround times, the dense seating arrangement and secondary sources of revenue (advertising and in-flight sales).
Low-cost airlines have grown exponentially around the world in recent years, due to increased economic activities, ease of travel, development of the travel and tourism industry, urbanization, lifestyle changes, consumer preference for low-cost services as well as non-stop and frequent service.
Additionally, increasing purchasing power of middle-class households, especially in developing regions, and high internet penetration coupled with e-literacy are notably contributing to the growth of the global airline market. at low price. However, factors such as volatility in crude oil prices and increasing rate of terrorism and crime, political uncertainty, and natural disasters are hampering the growth of the market. Additionally, the increase in COVID-19 cases is causing travel restrictions, which is severely affecting the market.
In addition, factors such as high investment and operating costs but low profitability are expected to pose a major challenge for the low cost airline industry. Conversely, sustainable airport governance and operational and financial improvements are expected to provide rewarding opportunities for the growth of the low-cost airline market.
The global low cost airline market is segmented on the basis of destination, distribution channel and region. By purpose, the market is divided into leisure travel, visiting friends and relatives (VFR) and business travel. According to the destination, it is divided into national and international. Based on the distribution channel, it is transformed into an online agency and a travel agency. The market has been further analyzed through North America (WE, Canadaand Mexico), Europe (UK, Italy, Spain, Germany, France, Latviaand the rest of Europe), Asia Pacific (Philippines, Indonesia, Thailand, Singapore, Malaysia, Vietnam, China, India, Australiaand rest of Asia-Pacific), and LAMEA (Latin America, Africaand Middle East).
The major companies profiled in the report are Air Arabia PJSC, AirAsia Group Berhad, Alaska Air Group, Inc., Azul SA, easyjet Plc, New World Aviation, Inc., Norwegian Air Shuttle ASA, Qantas Airways Limited, Ryanair Holdings Plc., and Westjet Airlines Ltd.
Key Benefits
-
This report provides quantitative analysis of market segments, current trends, estimates and dynamics of Low Cost Airlines Market analysis from 2016 to 2030 to identify Low Cost Airlines Market opportunities price.
-
Market research is offered with information related to key drivers, restraints, and opportunities.
-
Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
-
An in-depth analysis of the low cost airline market segmentation helps to determine the existing market opportunities.
-
Major countries in each region are mapped according to their revenue contribution in the global market.
-
The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
-
The report includes analysis of regional and global low cost airline market trends, key players, market segments, application areas and market growth strategies.
Main topics covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key findings
3.2.1. Main pockets of investment
3.3. Porter’s Five Forces Analysis
3.4. Positioning of the best player
3.5. Market dynamics
3.5.1.Drivers
3.5.2. Constraints
3.5.3.Opportunities
3.6.COVID-19 Market Impact Analysis
3.7.Market Share Analysis
CHAPTER 4: LOW COST AIRLINES MARKET, BY OBJECT
4.1 Overview
4.1.1 Market Size and Forecast
4.2 Pleasure Travel
4.2.1 Key Market Trends, Growth Drivers and Opportunities
4.2.2 Market Size and Forecast, by Region
4.2.3 Market Analysis by Countries
4.3 Vfr
4.3.1 Key Market Trends, Growth Drivers and Opportunities
4.3.2 Market Size and Forecast, by Region
4.3.3 Market Analysis by Countries
4.4 Business travel
4.4.1 Key Market Trends, Growth Drivers and Opportunities
4.4.2 Market Size and Forecast, by Region
4.4.3 Market Analysis by Countries
4.5 Others
4.5.1 Key Market Trends, Growth Drivers and Opportunities
4.5.2 Market Size and Forecast, by Region
4.5.3 Market Analysis by Countries
CHAPTER 5: MARKET OF LOW COST AIRLINES, BY DESTINATION
5.1 Overview
5.1.1 Market Size and Forecast
5.2 Domestic
5.2.1 Key Market Trends, Growth Drivers and Opportunities
5.2.2 Market Size and Forecast, by Region
5.2.3 Market Analysis by Countries
5.3 Internationals
5.3.1 Key Market Trends, Growth Drivers and Opportunities
5.3.2 Market Size and Forecast, by Region
5.3.3 Market Analysis by Countries
CHAPTER 6: MARKET OF LOW COST AIRLINES, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market Size and Forecast
6.2 Online
6.2.1 Key Market Trends, Growth Drivers and Opportunities
6.2.2 Market Size and Forecast, by Region
6.2.3 Market Analysis by Countries
6.3 Travel agency
6.3.1 Key Market Trends, Growth Drivers and Opportunities
6.3.2 Market Size and Forecast, by Region
6.3.3 Market Analysis by Countries
6.4 Others
6.4.1 Key Market Trends, Growth Drivers and Opportunities
6.4.2 Market Size and Forecast, by Region
6.4.3 Market Analysis by Countries
CHAPTER 7: LOW COST AIRLINE MARKET, BY REGION
CHAPTER 8: CORPORATE LANDSCAPE
8.1. Introduction
8.2. The best winning strategies
8.3. Top 10 Player Product Mapping
8.4. Competitive Dashboard
8.5. Competitive heat map
8.6. Main developments
CHAPTER 9: COMPANY PROFILES
9.1 Air Arabia PJSC
9.1.1 Company Overview
9.1.2 Company Overview
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Commercial performance
9.1.6 Key strategic moves and developments
9.2 AirAsia Berhad Group
9.2.1 Company Overview
9.2.2 Company Overview
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Commercial performance
9.2.6 Key Strategic Movements and Developments
9.3 Alaska Air Group, Inc.
9.3.1 Company Overview
9.3.2 Company Overview
9.3.3 Operating business segments
9.3.4 Product Portfolio
9.3.5 Commercial performance
9.3.6 Key Strategic Movements and Developments
9.4 SA Blue
9.4.1 Company Overview
9.4.2 Company Overview
9.4.3 Operating business segments
9.4.4 Product Portfolio
9.4.5 Commercial performance
9.4.6 Key strategic moves and developments
9.5 easyJet plc
9.5.1 Company Overview
9.5.2 Company Overview
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Commercial performance
9.5.6 Key strategic moves and developments
9.6 New World Aviation, Inc.
9.6.1 Company Overview
9.6.2 Company Overview
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Commercial performance
9.6.6 Key Strategic Movements and Developments
9.7 Norwegian Air Shuttle ASA
9.7.1 Company Overview
9.7.2 Company Overview
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Commercial performance
9.7.6 Key Strategic Movements and Developments
9.8 Qantas Airways Limited
9.8.1 Company Overview
9.8.2 Company Overview
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Commercial performance
9.8.6 Key strategic moves and developments
9.9 Ryanair Holdings Plc
9.9.1 Company Overview
9.9.2 Company Overview
9.9.3 Operating business segments
9.9.4 Product Portfolio
9.9.5 Commercial performance
9.9.6 Key strategic moves and developments
9.10 WestJet Airlines Ltd.
9.10.1 Company Overview
9.10.2 Company Overview
9.10.3 Operating business segments
9.10.4 Product Portfolio
9.10.5 Commercial performance
9.10.6 Key Strategic Movements and Developments
For more information about this report visit https://www.researchandmarkets.com/r/18axvw
Media Contact:
Research and Markets
Laura Woodsenior
press@researchandmarkets.com
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content: https://www.prnewswire.com/news-releases/insights-on-the-low-cost-airlines-global-market-to-2030—high-internet-penetration-coupled-with – e-literacy-contributes-towards-growth-301675453.html
SOURCE Research and Markets
#Global #LowCost #Airline #Market #Snapshot #High #Internet #Penetration #Combined #Online #Literacy #Driving #Growth