Commercial Aircraft Leasing Market Is Expected To Grow Exponentially

Thursday, December 7, 2023

In a recent report presented by Technavio with the title – Commercial Aircraft Leasing Market, is expected to rise at a fast pace in the forthcoming years. The market size is anticipated to get bigger by USD 19.46 billion, fast-tracking from 2022 to 2027 at a CAGR of 9.48%. As per the research, APAC is projected to contribute 43% behind the growth of the market share.

The growth of the market related to commercial aircraft leasing is motivated by the affordability it provides compared to buying. In an aviation industry going through intense demand, numerous operators vie for market supremacy. To protect a strong position, airlines struggle to lure customers with excellent services followed by discounts that impact their bottom line.

Due to this, airlines usually work within constricted profit margins. The growth of leasing of commercial aircrafts is, thus, eased by the exceptional dynamics characteristic in the aviation sector.

By 2027, the APAC is all geared up to contribute 43% to the growth of the aviation market. Due to the success of the Low-Cost Carrier (LCC) model, APAC is facing stable growth in air travel. It’s anticipated that APAC will represent almost half of the air passenger traffic of the world in the coming 20 years.

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