Feb 05, 2019 (Heraldkeeper via COMTEX) -- Aircraft Leasing Market Research Report 2019 published By Market Research Future, provides information on Global Aircraft Leasing Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Aircraft Type (Wide Body and Narrow Body), By Lease Type (Dry Leasing and Wet Leasing) and By Region – Forecast To 2023
Rising Air Passenger Traffic to Drive Global Market at Substantial Pace and Reach USD 62,221.8 Mn by the End of 2023
SAAB Aircraft Leasing, CIT Commercial Air, International Lease Finance Corporation, Air Lease Corporation, BBAM, Boeing Capital Corporation, AerCap, BOC Aviation, GECAS, and Aviation Capital Group among others have been included in the competitive analysis of the global aircraft leasing market. MRFR has included various growth strategies implemented by these market leaders and their various market positions in the global market.
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Aircraft leasing, like the name suggests, is the practice of procurement of aircraft on lease from leasing companies and other aircraft operators. Aircraft leasing is a prudent practice which reduces the financial burden on airlines. Market Research Future has extensively studied the growth of the global aircraft leasing market which indicates that the global market is well-poised to grow at a moderate CAGR of 4.75% during the assessment period which ends in 2023.
Moreover, at this growth rate, MRFR has ascertained that the global aircraft leasing market is expected to reach a market value of USD 62,221.8 Mn by the end of 2023.
Ireland and China have established dominance over the market and have become key hubs for aircraft leasing. Ireland, in particular, is recognized as the global hub for aircraft leasing with a market share of more than 50%. Growing competition in the aircraft leasing market is expected to drive market growth over the assessment period. The high demand for wet leasing which is often a short term lease is expected to have a positive impact on the global aircraft leasing market. Moreover, the execution of VAT of aircraft leasing has also had an impact on the market with regards to increasing market value. Additionally, urbanization, rising personal disposable income, and other positive economic factors have resulted in an increased demand for air travel. Increasing air passenger traffic has prompted airlines to lease aircraft to meet demands.
The presence of complex and vague leasing regulation and taxation policies are expected to hinder market growth. Additionally, asset recovery risk that is associated with airline bankruptcy threatens solid growth. However, with the increasing shift of major global market players into emerging regions such as the APAC is expected to open up the market to opportunities over the assessment period.
The segmental examination of the global aircraft leasing market has been segmented on the basis of leasing type, aircraft type, and region. Leasing type has been segmented primarily into wet leasing, and dry leasing. Wet leasing is a short term lease while dry leasing is significantly longer.
Aircraft type has been segmented to include narrow body and wide body. Regions covered in MRFR’s report include North America, Asia Pacific, Europe, Middle East & Africa, and Latin America.
Europes market position is at the top of the global aircraft leasing market due to the presence of Ireland which is a global hub for aircraft leasing activities. The presence of a number of aircraft leasing companies in Ireland and the fact that the Ireland market has cornered 50% of the total global market is a significant driver of the European market. Rising air travel and established presence of Ireland is expected to keep Europe in the leadership position. Europe is followed by the Asia Pacific in terms of market size. The APAC is growing at the most rapid pace over the forecast period due to the growing aircraft leasing operation in China, India. Malaysia and other countries. The APAC is increasingly attracting global market leaders due to the potential the region displays. Lower operational costs, and labor costs, as well as high demand for air travel in the region, is expected to boost growth significantly.
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Scope of Report
The report for Global Aircraft Leasing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions