Market Summary
Low-Cost Carrier Market
Research Objectives
The primary purpose of the research is to analyze the current trends and opportunities available in the global low-cost carrier market to identify the opportunities and challenges faced by the manufacturers. This will help the manufacturers understand the market dynamics of the Low-Cost Carriers Market and enable them to design suitable growth strategies to realize their business goals. The following are the research objectives:
- To understand the critical market dynamics of the Low-Cost Carriers Market.
- To identify the challenges faced by the manufacturers in the Low-Cost Carriers Market
- To analyze the current trends and opportunities available in the global Low-Cost Carriers Market.
- To develop a strategic growth plan for the manufacturers in the Low-Cost Carriers Market.
Research Methodology
The research methodology consists of two stages, namely, Primary Research and Secondary Research.
Primary research
Primary research has been conducted by using interviews with experts from the industry to derive the market trends of the Low-Cost Carriers Market. The primary research involves the collection of primary data through interviews with industry experts, stakeholders, and consultants, to gain an in-depth understanding of the market dynamics, end-users, and industry environment. The interviewees include industry experts, senior executives, and top-level management personnel.
Secondary research
Secondary research has been conducted to gather information and data about existing and past developments in the Low-Cost Carriers Market. Extensive secondary research was conducted through various resources such as industry associations, proprietary databases, national & international government websites, magazines, and industry surveys. The data and information collected from these sources were analyzed and tabulated in the form of various graphs and charts.
Exploratory Approach
In order to identify the market trends of the Low-Cost Carriers Market, an exploratory approach was adopted using both primary and secondary research to get a comprehensive understanding of the market’s future prospects. The data obtained through the primary and secondary research was processed and analyzed to understand the current and future market scenarios.
Bottom-up and top-down approach
The bottom-up approach was used to understand the overall growth of the Low-Cost Carriers Market from the past to the present. The primary and secondary research was conducted to gather information and data from various industries such as airline operators, discounters, hotels, airports, and e-commerce retailers. The top-down approach was used to identify the overall market size of the Low-Cost Carriers Market from the present to the future.
Factor Analysis
The factor analysis was used to analyze the factors affecting the market growth of the Low-Cost Carriers Market. The factor analysis provides an in-depth understanding of the factors affecting market growth in terms of demand and supply side.
Time-Series Analysis:
Time-series analysis was used to analyze the market growth of the Low-Cost Carriers Market. The historical data was used to analyze the market trends and the future market potential.
Demand Side and Supply Side Data Triangulation
The data collected from both the primary and secondary research was combined and analyzed using the demand side and supply side data triangulation to identify the overall market trends. The demand-side and supply-side data triangulation methodology was used to get a clear picture of the market dynamics in terms of demand and supply.
Data Validation and Estimation
The collected data was analyzed and validated through various sources to ensure the accuracy and completeness of the data. The data was also verified through various validation models such as econometric modelling, statistical modelling, and demand estimation.
Conclusion
The research methodology adopted in this research report is comprehensive and robust, and it covers the entire market extensively from the past to the present. The research focuses on both primary and secondary research to get an in-depth understanding of the market dynamics. The research methodology also involves an exploratory approach, bottom-up and top-down approach, factor analysis, time-series analysis, and demand side and supply side data triangulation for a comprehensive analysis of the Low-Cost Carriers Market along with the market forecast for 2023 to 2030.
Market Size & Forecast
Report Attribute/Metric | Details |
Market Size 2023 | USD 174.6826 billion |
Market Size 2024 | USD 203.1558638 billion |
Market Size 2030 | USD 679.934503191597 billion |
Compound Annual Growth Rate (CAGR) | 16.30% (2024-2030) |
Base Year | 2022 |
Market Forecast Period | 2024-2030 |
Historical Data | 2018 - 2021 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Aircraft Type, Distribution Channel, Operations, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | EasyJet Airline Company Limited (UK), AirAsia Berhad (Malaysia), JetBlue Airways Corporation (US), IndiGo (India), Ryanair DAC (Ireland), Norwegian Air Shuttle ASA (Norway), SpiceJet Limited (India), Southwest Airlines Co (US), WestJet Airlines Ltd (Canada), Spirit Airlines Inc (US) |
Key Market Opportunities | Aircraft deliverables in Asia-Pacific are rising, and commercial aircraft production is rising. Tech spending in the industry |
Key Market Dynamics | Growing demand for air travel around the world Government initiatives to boost regional connectivity The increasing prominence of low-cost carrier (LCC) in Latin America |
Major Players
Low-Cost Carrier Market Segmentation
Low Cost Carrier (LCC) By Aircraft Type Outlook (USD Billion, 2018-2030)
- Wide-body aircraft
- Narrow-body aircraft
Low Cost Carrier (LCC) By Distribution Channel Outlook (USD Billion, 2018-2030)
- Travel agency
- Online channels
Low Cost Carrier (LCC) By Operations Outlook (USD Billion, 2018-2030)
- International
- Domestic
Low Cost Carrier (LCC)Regional Outlook (USD Billion, 2018-2030)
- North America Outlook (USD Billion, 2018-2030)
- North America Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- North America Low Cost Carrier (LCC) by Distribution Channel
- Travel agency
- Online channels
- North America Low Cost Carrier (LCC) by Operations
- International
- Domestic
- US Outlook (USD Billion, 2018-2030)
- US Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- US Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- US Low Cost Carrier (LCC)by Operations
- International
- Domestic
- CANADA Outlook (USD Billion, 2018-2030)
- CANADA Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- CANADA Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- CANADA Low Cost Carrier (LCC)by Operations
- International
- Domestic
- North America Low Cost Carrier (LCC)by Aircraft Type
- Europe Outlook (USD Billion, 2018-2030)
- Europe Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Europe Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Europe Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Germany Outlook (USD Billion, 2018-2030)
- Germany Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Germany Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Germany Low Cost Carrier (LCC)by Operations
- International
- Domestic
- France Outlook (USD Billion, 2018-2030)
- France Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- France Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- France Low Cost Carrier (LCC)by Operations
- International
- Domestic
- UK Outlook (USD Billion, 2018-2030)
- UK Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- UK Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- UK Low Cost Carrier (LCC)by Operations
- International
- Domestic
- ITALY Outlook (USD Billion, 2018-2030)
- ITALY Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- ITALY Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- ITALY Low Cost Carrier (LCC)by Operations
- International
- Domestic
- SPAIN Outlook (USD Billion, 2018-2030)
- Spain Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Spain Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Spain Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Rest of Europe Outlook (USD Billion, 2018-2030)
- Rest of Europe Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- REST OF EUROPE Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- REST OF EUROPE Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Europe Low Cost Carrier (LCC)by Aircraft Type
- Asia-Pacific Outlook (USD Billion, 2018-2030)
- Asia-Pacific Low-Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Asia-Pacific Low-Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channel
- Asia-Pacific Low-Cost Carrier (LCC)by Operations
- International
- Domestic
- China Outlook (USD Billion, 2018-2030)
- China Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- China Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- China Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Japan Outlook (USD Billion, 2018-2030)
- Japan Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Japan Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Japan Low Cost Carrier (LCC)by Operations
- International
- Domestic
- India Outlook (USD Billion, 2018-2030)
- India Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- India Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- India Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Australia Outlook (USD Billion, 2018-2030)
- Australia Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Australia Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Australia Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)
- Rest of Asia-Pacific Low-Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Rest of Asia-Pacific Low-Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Rest of Asia-Pacific Low-Cost Carrier (LCC)by Operations
- International
- Domestic
- Asia-Pacific Low-Cost Carrier (LCC)by Aircraft Type
- Rest of the World Outlook (USD Billion, 2018-2030)
- Rest of the World Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Rest of the World Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Rest of the World Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Middle East Outlook (USD Billion, 2018-2030)
- Middle East Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Middle East Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Middle East Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Africa Outlook (USD Billion, 2018-2030)
- Africa Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Africa Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Africa Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Latin America Outlook (USD Billion, 2018-2030)
- Latin America Low Cost Carrier (LCC)by Aircraft Type
- Wide-body aircraft
- Narrow-body aircraft
- Latin America Low Cost Carrier (LCC)by Distribution Channel
- Travel agency
- Online channels
- Latin America Low Cost Carrier (LCC)by Operations
- International
- Domestic
- Rest of the World Low Cost Carrier (LCC)by Aircraft Type
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