The Commercial Aircraft Leasing Market is being driven by Strong market position of Irish and Chinese lessors
The Commercial Aircraft Leasing Market is expected to grow at a CAGR of 10.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 25813 million. Commercial aircraft leasing is subject to various taxes imposed by governments, which significantly influence the market's dynamics. VAT and other taxes are levied based on the operational nature of carriers. In specific circumstances, the exemption of such taxes can alleviate the financial burden on lessors. For instance, Norway and Switzerland offer conditional VAT exemptions, while the European Union, under Directive 148, grants VAT exemptions for Jet A-1 fuel purchases for charter non-scheduled commercial and private non-revenue business flights. The Channel Islands of Jersey and Guernsey provide a complete VAT exemption, thereby encouraging market growth. These tax policies play a crucial role in shaping the commercial aircraft leasing landscape.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
225 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.5% |
Market growth 2025-2029 |
USD 25813 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
9.2 |
Key countries |
China, US, Germany, Japan, France, India, Brazil, UK, Canada, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The aircraft leasing market involves the rental of commercial jets from lessors to airlines, with the lessor retaining ownership and the lessee paying a regular rent. Lessees can be full-service airlines or regional carriers, leasing various types of aircraft such as narrow body, wide body, or regional jets. Lease types include wet, damp, and dry, with different levels of maintenance and operational responsibilities. Lessors absorb risks of airline failures and aircraft storage, while managing costs like maintenance and operations. Aercap is a significant player in this market.
The commercial aircraft leasing market is a significant segment of the global aerospace and defense industry. Key players in this market include lessors, airlines, and lessees. Leasing is a popular ownership model in the aviation sector due to its flexibility and cost-effective benefits. Lessors acquire new or used aircraft and lease them to airlines, which in turn operate and maintain the aircraft. Lessees pay a regular rent to the lessors for the use of the aircraft. The global aerospace and defense market, which includes commercial and general aviation, encompasses the production of aircraft, defense platforms, arms and ammunition, defense electronics, defense logistics equipment, space platforms, and related MRO activities. Technavio estimates the global capital goods market size by calculating the combined revenue generated by manufacturers and providers for industries such as aerospace and defense, building, construction and engineering, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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