Pune, India -- (SBWire) -- 06/26/2018 --Market Highlights:
The global aircraft leasing market is very dynamic and is expected to witness significant growth, during the forecast period. The major driving factors that have boosted the global market are dominance of Irish and Chinese companies, air passenger traffic growth, and rising demand for wet leasing. Due to the increase in air-passenger traffic, the major trend in the global market is shifting of global lessors into the emerging regions like the Asia Pacific. In addition, over the next 20 years, the global air passenger traffic is expected to grow by 4.9%. According to IATA (International Air Transport Association), the global airline trade body, the air travel demand is expected to double, over the next 15 years and more air-passenger traffic is expected to come from the emerging regions such as APAC and South America. Consequently, this has shown a promising picture for the aircraft leasing companies, and as per the research it has been projected that these companies will increase their market penetration.
The aircraft leasing industry is one of the most recognized industries in Ireland over the past 4 decades. In the recent years, the leasing activities on aircraft has been increased from 2% in 1980 to more than 50% in 2016. This has shown that there is a complete dominance of Irish leasing company over the global market. Ireland has established itself as a global hub for aircraft leasing with more than 50% of the total market and out of 15 global lessors 14 global lessor operates from Ireland. After 9/11 attacks, the aircraft leasing activities have substantially increased from 25% in 2001 to 40% in 2014. The major reason for this change was that previously the commercial banks were the main source of aircraft financing and after that the other leasing companies have gained a momentum to establish themselves into the aircraft market
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Major key Players
AerCap,
Air Lease Corporation,
BOC Aviation,
GECAS,
BBAM,
CIT Commercial Air,
Aviation Capital Group,
Boeing Capital Corporation,
SAAB Aircraft Leasing, International Lease Finance Corporation and among others
Segmentation
For the convenience of the report and enhanced understanding; the aircraft leasing market is segmented in to three key dynamics:
Segmentation by Aircraft Type: Widebody and Narrowbody.
Segmentation by Lease Type: Dry Leasing and Wet Leasing.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, and Rest of the World.
Regional Analysis
The Asia Pacific region has always been a very prominent market in the aviation industry as it contributes to the world's largest region by population and consumes the largest percentage of air traffic. Owing to the presence of the world's busiest airports such as Beijing, Singapore, and New Delhi, a large number of prominent leasing companies have shifted their focus to the APAC region for future investments. As per the data of IATA and ACI, the air traffic in Asia is expected to grow by 6%, annually. In order to meet this growing demand, there will be a substantial need for aircraft financing, leasing, and investments, which would result in the market growing at a substantial rate.
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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion.
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Aircraft Leasing Industry Is Ready to Take-off with CAGR of 4.75%: Market Expected to Reach USD 62,221.8 Million by 2023