Global Aircraft Leasing Market (By Aircraft Type & Region): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)

The global aircraft leasing market is forecasted to reach US$266.71 billion in 2027, experiencing growth at a CAGR of 7.8% during the period spanning from 2023 to 2027. Growth in the global aircraft leasing market was supported by factors such as rising air passenger traffic, increased use of air cargo, rise in global gross domestic product, increasing share of leasing aircrafts, rising demand for wet aircraft leasing and favorable liquidity and flexibility. However, the market growth is expected to be restrained by unforeseen contingencies, delays in aircraft delivery and unfavorable government regulations and taxation policies.

The global aircraft leasing market by aircraft type can be segmented as follows: Narrow body, wide body and others. In 2022, the dominant share of global aircraft leasing market was held by narrow body aircraft, followed by wide body and others.

The global aircraft leasing market by region can be segmented as follows: Asia Pacific, North America, Europe, Middle East & Africa and Latin America. The largest share of the market was being held by Asia Pacific, followed by North America, Europe, Middle East & Africa and Latin America. Factors such as urban air mobility (UAM) solutions, investments in emerging countries and advancements in aircrafts helped in boosting market growth.

The COVID-19 pandemic affected global aircraft leasing market negatively. Owing to the pandemic, the air travel witnessed dramatic decline causing a majority of the airline companies to ground their fleet due to the significant reduction in air travel. This led to these companies not being able to make payments for leased aircraft and seek to have their payments deferred. This caused revenue losses to global aircraft leasing market.

Scope of the report

The report provides a comprehensive analysis of the global aircraft leasing market with potential impact of COVID-19.
The major regional markets (Asia Pacific, North America, Europe, Middle East & Africa and Latin America) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (ICBC Ltd. , Avolon, Air Lease Corporation, SMBC Aviation Capital, AerCap Holdings N.V. and BBAM LLC) are also presented in detail.

Key Target Audience

Aircraft Manufacturers
Aircraft Lessors
Aircraft Technology & Development Institutions
Industry Associations
Investment Banks
Government Bodies & Regulating Authorities

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Frequently Asked Questions about the Global Aircraft Leasing Market

What is the estimated value of the Global Aircraft Leasing Market?

The Global Aircraft Leasing Market was estimated to be valued at $197.49 Billion in 2023.

What is the growth rate of the Global Aircraft Leasing Market?

The growth rate of the Global Aircraft Leasing Market is 7.8%, with an estimated value of $266.71 Billion by 2027.

What is the forecasted size of the Global Aircraft Leasing Market?

The Global Aircraft Leasing Market is estimated to be worth $266.71 Billion by 2027.

Who are the key companies in the Global Aircraft Leasing Market?

Key companies in the Global Aircraft Leasing Market include Air Lease Corporation, ICBC Financial Leasing Co., Ltd (ICBC Ltd.), SMBC Aviation Capital, AerCap Holdings N.V., Avolon and BBAM LLC.

Report Attribute	Details
No. of Pages	69
Published	February 2023
Forecast Period	2023 - 2027
Estimated Market Value ( USD ) in 2023	$ 197.49 Billion
Forecasted Market Value ( USD ) by 2027	$ 266.71 Billion
Compound Annual Growth Rate	7.8%
Regions Covered	Global
No. of Companies Mentioned	6

1. Market Overview
1.1 Aircraft Lease
1.1.1 Aircraft Lease - Introduction
1.1.2 Reasons for Leasing Aircraft
1.2 Type of Aircraft Lease
1.2.1 Dry Lease
1.2.2 Wet Lease
1.3 Value Chain Analysis
1.4 Advantages of Aircraft Lease
1.5 Disadvantages of Aircraft Lease

2. Impact of COVID-19
2.1 Impact of COVID-19 on Global Aircraft Leasing Market
2.2 Reduced Air Travel
2.3 Impact of COVID-19 on Aircraft Leasing Market in Key Regions
2.4 Fall in Lease Rates
2.5 Post-COVID Scenario

3. Global Market Analysis
3.1 Global Aircraft Leasing Market Forecast by Value
3.2 Global Aircraft Leasing Market by Aircraft Type
3.2.1 Global Narrow Body Aircraft Leasing Market Forecast by Value
3.2.2 Global Wide Body Aircraft Leasing Market Forecast by Value
3.2.3 Global Other Aircraft Leasing Market Forecast by Value
3.3 Global Aircraft Leasing Market by Region

4. Regional Market Analysis
4.1 Asia Pacific
4.1.1 Asia Pacific Aircraft Leasing Market Forecast by Value
4.2 North America
4.2.1 North America Aircraft Leasing Market Forecast by Value
4.2.2 North America Aircraft Leasing Market by Region
4.2.3 The US Aircraft Leasing Market Forecast by Value
4.2.4 Rest of North America Aircraft Leasing Market Forecast by Value
4.3 Europe
4.3.1 Europe Aircraft Leasing Market Forecast by Value
4.3.2 Europe Aircraft Leasing Market by Region
4.3.3 Germany Aircraft Leasing Market Forecast by Value
4.3.4 UK Aircraft Leasing Market Forecast by Value
4.3.5 France Aircraft Leasing Market Forecast by Value
4.3.6 Italy Aircraft Leasing Market Forecast by Value
4.3.7 Russia Aircraft Leasing Market Forecast by Value
4.3.8 Rest of Europe Aircraft Leasing Market Forecast by Value
4.4 Middle East & Africa
4.4.1 Middle East & Africa Aircraft Leasing Market Forecast by Value
4.5 Latin America
4.5.1 Latin America Aircraft Leasing Market Forecast by Value

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Air Passenger Traffic
5.1.2 Increased Use of Air Cargo
5.1.3 Economic Growth
5.1.4 Increasing Share of Leasing Aircrafts
5.1.5 Rising Demand for Wet Aircraft Leasing
5.1.6 Liquidity and Flexibility
5.2 Key Trends & Developments
5.2.1 Urban Air Mobility (UAM) Solutions
5.2.2 Investments in Emerging Countries
5.2.3 Advancements in Aircrafts
5.3 Challenges
5.3.1 Unforeseen Contingencies
5.3.2 Delays in Aircraft Delivery
5.3.3 Government Regulations and Taxation Policies

6. Competitive Landscape
6.1 Global Market
6.1.1 Global Market Share by Market Value- Key Players
6.1.2 Global Market Share by Fleet Size - Key Players

7. Company Profiles
7.1 Air Lease Corporation
7.1.1 Business Overview
7.2 ICBC Financial Leasing Co., Ltd (ICBC Ltd.)
7.2.1 Business Overview
7.3 SMBC Aviation Capital
7.3.1 Business Overview
7.4 AerCap Holdings N.V.
7.4.1 Business Overview
7.5 Avolon
7.5.1 Business Overview
7.6 BBAM LLC
7.6.1 Business Overview

List of Charts

Type of Aircraft Lease
Value Chain Analysis
Advantages of Aircraft Lease
Disadvantages of Aircraft Lease
Global Number of Air Transport Passengers (2016-2020)
Global Aircraft Leasing Market Forecast by Value (2021-2027)
Global Aircraft Leasing Market by Aircraft Type (2022)
Global Narrow Body Aircraft Leasing Market Forecast by Value (2021-2027)
Global Wide Body Aircraft Leasing Market Forecast by Value (2021-2027)
Global Other Aircraft Leasing Market Forecast by Value (2021-2027)
Global Aircraft Leasing Market by Region (2022)
Asia Pacific Aircraft Leasing Market Forecast by Value (2021-2027)
North America Aircraft Leasing Market Forecast by Value (2021-2027)
North America Aircraft Leasing Market by Region (2022)
The US Aircraft Leasing Market Forecast by Value (2021-2027)
Rest of North America Aircraft Leasing Market Forecast by Value (2021-2027)
Europe Aircraft Leasing Market Forecast by Value (2021-2027)
Europe Aircraft Leasing Market by Region (2022)
Germany Aircraft Leasing Market Forecast by Value (2021-2027)
UK Aircraft Leasing Market Forecast by Value (2021-2027)
France Aircraft Leasing Market Forecast by Value (2021-2027)
Italy Aircraft Leasing Market Forecast by Value (2021-2027)
Russia Aircraft Leasing Market Forecast by Value (2022- 2027)
Rest of Europe Aircraft Leasing Market Forecast by Value (2021-2027)
Middle East & Africa Aircraft Leasing Market Forecast by Value (2022- 2027)
Latin America Aircraft Leasing Market Forecast by Value (2021-2027)
Global Number of Boarded Scheduled Passengers by the Airline Industry (2017-2022)
Global Air Freight Traffic (2017-2022)
Global Gross Domestic Product (GDP) (2017-2022)
Share of Leasing in the Global Aircraft Fleet (1970- 2022)
Key Players - Global Market Share by Market Value (2022)
Key Players - Global Market Share by Fleet Size (2022)

Executive Summary

Aircraft Leasing is a growing industry due to increasing dominance of the emerging markets. Aircraft Leasing is a good option for those companies who do not want to bear the heavy charges of owning an aircraft instead they can lease it for some time and then return it.

Leasing is of many types like wet lease, dry lease, damp lease, operating lease and finance lease. Operating Lease is being preferred today because of its flexibility. Airlines lease aircrafts from other airlines or leasing companies for two main reasons - first to operate aircrafts without the financial burden of buying them, and second to provide temporary increase in their fleet capacity.

The competition in the aircraft leasing industry is becoming cutthroat because of the entry of new companies. The demand too has risen and to utilize the opportunity the companies are trying their level best to maintain their standard as well as doing strong marketing in order to lure the customers.

As per the report "Aircraft Leasing Market: Industry Analysis & Outlook (2016-2020)", the demand for aircraft leasing market will be driven by accelerating economic growth, growing urban population, increase in global air passengers, increase in international tourism and increased demand of air planes globally.

Some of the noteworthy trends and developments of this industry are improvement in airport infrastructure in developing countries, globalization and increased trade of industrial commodities, falling crude oil prices, increase in operating lease activities and global airline passenger traffic. However, the expansion of aircraft leasing market is hindered by increasing competition, political turmoil or war and need of massive maintenance.

The report presents an in-depth analysis of the global market. The major trends, growth drivers as well as issues being faced by the industry are presented in this report. A thorough analysis has been conducted on key market players covering their business overview, product portfolio, financial overview and business strategies.