Aircraft Leasing Market is estimated to be US$ 502.1 Billion by 2034 with a CAGR of 9.70% during the forecast period

Published Date: March 2024

Aircraft Leasing Market accounted for US$ 198.8 Billion in 2024 and is estimated to be US$ 502.1 Billion by 2034 and is anticipated to register a CAGR of 9.70%. Commercial aircraft leasing is a cost-effective alternative to buying planes that can be beneficial to corporations. The main benefit of leasing commercial aircraft is the cost savings. Due to an increase in the number of low-cost aircraft carriers, a surge in the implementation of stringent commercial aviation regulations, and an increase in the volume of freight transported from one region to another, the global commercial aircraft leasing market is expected to grow steadily during the forecast period. Within a short amount of time, the COVID-19 began to spread rapidly across numerous countries. During the years 2020-2021, the pandemic had a big impact on this market. The shutdown was triggered by an increase in COVID-19 instances, which briefly halted operations in the aviation sector including air travel, production, raw material supply, and aircraft delivery. The aircraft leasing market has been greatly impacted by these issues. The virus's propagation has had a significant impact on airline and aircraft leasing businesses' earnings. There is a good chance that airline businesses and lessors will suffer huge losses.

The report " Aircraft Leasing Market, By Leasing Type (Wet Leasing (Aircraft, Crew, Maintenance and Insurance) and Dry Leasing) By Aircraft Type (Narrow-body, Wide-body and others), By Security Type (Asset-Backed Security (ABS) and Non-ABS) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034’'

Key Highlights:

  • In December 2021, ALC and Airbus have launched a multi-million dollar ESG fund initiative to support investment in sustainable aviation development initiatives. The fund will be open to many stakeholders from the aircraft leasing and financing community, as well as others, in the future.
  • In 2021, Peach Aviation, an affiliate of ANA based in Osaka, Japan, has received one new Airbus A321-200neo LR aircraft on long-term lease from Air Lease Corporation (NYSE: AL). This is the first of two new A321-200neo LRs confirmed to be delivered to the airline from ALC's order book with Airbus, and it will be powered by CFM International LEAP-1A32 engines. Peach Aviation's A321neo LR is the company's first A321neo LR.

Analyst View:

The market's primary driving forces are the expanding aviation industry and increased investment in the sector. The demand for aero plane leasing is growing in tandem with the expansion in air traffic and freight volume. Rising market demand for fuel-efficient commercial jets, favorable tax policies, inexpensive leasing rates, and the dominance of Irish and Chinese corporations are all contributing to the rise in industry. During the projected period, new airports will be built, established companies will expand into emerging economies, market demand from developing countries will grow, and infrastructure will be developed, providing multiple growth prospects for industry participants.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Aircraft Leasing Market, By Leasing Type (Wet Leasing (Aircraft, Crew, Maintenance and Insurance) and Dry Leasing) By Aircraft Type (Narrow-body, Wide-body and others), By Security Type (Asset-Backed Security (ABS) and Non-ABS) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034”

Key Market Insights from the report:

Aircraft Leasing Market accounted for US$ 198.8 Billion in 2024 and is estimated to be US$ 502.1 Billion by 2034 and is anticipated to register a CAGR of 9.70%. The Global Aircraft Leasing Market is segmented based on Leasing type, Aircraft type, Security type and region.

  • Based on Leasing Type, Global Aircraft Leasing Market is segmented into Wet Leasing (Aircraft, Crew, Maintenance and Insurance) and Dry Leasing.
  • Based on Aircraft Type, Global Aircraft Leasing Market is segmented into Narrow-body, Wide-body and others.  
  • Based on Security Type, Global Aircraft Leasing Market is segmented into AI, Radar, LIDAR, Camera and Ultrasonic Sensor. 
  • Based on Fuel Type, Global Aircraft Leasing Market is segmented into Asset-Backed Security (ABS) and Non-ABS. 
  • By Region, the Global Aircraft Leasing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Aircraft Leasing Market:

The key players operating in the aircraft leasing market are Aviation Capital Group, Boeing Capital Corporation, Air Lease Corporation, International Lease Finance Corporation, BOC Aviation, SAAB Aircraft Leasing, AerCap, GE Capital Aviation Services, CIT Aerospace, Inc., and BBAM LLC among others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period 

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