Commercial Airlines Market Size to Grow by USD 184.19 bn through 2020-2024
Technavio research projects the commercial airlines market to grow by USD 184.19 bn, accelerating at a CAGR of about 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Commercial Airlines Market: Key Market Driver
One of the primary factors that will trigger the growth of the commercial airlines market size is creation of new air routes to tap market potential. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Commercial Airlines Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Air France-KLM SA, American Airlines Group Inc., ANA HOLDINGS Inc., China Eastern Airlines Corp. Ltd., China Southern Airlines Co. Ltd., Delta Air Lines Inc., Deutsche Lufthansa AG, International Consolidated Airlines Group SA, Southwest Airlines Co., and United Airlines Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the Global Commercial Airlines Market and it is expected to grow by USD 184.19 billion, progressing at a CAGR of about 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Commercial Airlines Market: Industry trends and market forecast
The global airline industry has been severly impacted as a result of the pandemic as a result of which airlines are seeking new avenues to increase their revenue streams. Restrictive movement and fear psychosis have resulted in commercial airlines to suffer a significant loss in revenue. The way forward post COVID-19 is to through optimal utilization of resources, cooperation among airlines and cost optimization. Several airlines are also relying on the air cargo business to see them through this crisis.
Several airlines are also launching services on new routes to cater to untapped markets. Digitalization has helped commercial airlines in gaining a competitive edge on a global level. Airline operators are focusing on using automation to ease many functions, including monitoring, maintenance repair and overhaul, and flight operations. This has further increased procurement and retrofitting of the aircraft fleet. Furthermore, regional component manufacturers are gaining business opportunities to participate in scheduled and unscheduled maintenance. These factors are contributing to the commercial airline market share growth.
Commercial Airlines Market: APAC region to drive recovery
APAC was the most significant commercial airline market in recent years and the region will offer several growth opportunities to market vendors during the forecast period. The rising air passenger traffic and the growing spending by middle-class households on air travel are some of the significant factors driving the commercial airline market growth in this region. Almost 54% of the market growth will originate from APAC during the forecast period. China and India are the key markets for commercial airlines in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Commercial Airlines Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Air France-KLM SA, American Airlines Group Inc., ANA HOLDINGS Inc., China Eastern Airlines Corp. Ltd., China Southern Airlines Co. Ltd., Delta Air Lines Inc., Deutsche Lufthansa AG, International Consolidated Airlines Group SA, Southwest Airlines Co., and United Airlines Inc.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Commercial Airlines Market: Key Highlights of the Report for 2020-2024
