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Global Low-Cost Carrier Market to Reach US$254.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Low-Cost Carrier estimated at US$156.2 Billion in the year 2020, is projected to reach a revised size of US$254.1 Billion by 2027, growing at a CAGR of 7.2% over the period 2020-2027.
The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 11.1% CAGR for the Period of 2020-2027
The Low-Cost Carrier market in the U. S. is estimated at US$45.1 Billion in the year 2020. The country currently accounts for a 28.87% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$48.8 Billion in the year 2027 trailing a CAGR of 11.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR while Rest of European market (as defined in the study) will reach US$48.8 Billion by the year 2027. We bring years of research experience to this 8th edition of our report. The 143-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Amid the COVID-19 crisis, the global market for Low-Cost Carrier estimated at US$156.2 Billion in the year 2020, is projected to reach a revised size of US$254.1 Billion by 2027, growing at a CAGR of 7.2% over the period 2020-2027.
The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 11.1% CAGR for the Period of 2020-2027
The Low-Cost Carrier market in the U. S. is estimated at US$45.1 Billion in the year 2020. The country currently accounts for a 28.87% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$48.8 Billion in the year 2027 trailing a CAGR of 11.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR while Rest of European market (as defined in the study) will reach US$48.8 Billion by the year 2027. We bring years of research experience to this 8th edition of our report. The 143-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AirAsia Berhad
- Cebu Pacific Air
- Flydubai
- GoAir
- JetBlue Airways Corporation
- Jetstar Airways Pty Ltd.
- Lion Air
- Norwegian Air Shuttle ASA
- Pegasus Airlines
- Royal Air Maroc
- Southwest Airlines Co.
- SpiceJet Ltd.
- Thai AirAsia Company Limited (TAA)
- Virgin Australia Airlines Pty Ltd.
- WestJet
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- Low-Cost Carrier Competitor Market Share Scenario Worldwide (in %): 2018E
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Current & Future Analysis for Low-Cost Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
- TABLE 2: World Historic Review for Low-Cost Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 3: World 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2018 & 2027
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
- Market Facts & Figures
- Market Analytics
- TABLE 4: USA Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 5: USA Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 6: Canada Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 7: Canada Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 8: Japan Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 9: Japan Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 10: China Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 11: China Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- Market Facts & Figures
- Market Analytics
- TABLE 12: Europe Current & Future Analysis for Low-Cost Carrier by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
- TABLE 13: Europe Historic Review for Low-Cost Carrier by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 14: Europe 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2018 & 2027
- TABLE 15: France Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 16: France Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 17: Germany Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 18: Germany Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 19: Italy Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 20: Italy Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 21: UK Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 22: UK Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 23: Spain Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 24: Spain Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 25: Russia Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 26: Russia Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 27: Rest of Europe Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 28: Rest of Europe Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 29: Asia-Pacific Current & Future Analysis for Low-Cost Carrier by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
- TABLE 30: Asia-Pacific Historic Review for Low-Cost Carrier by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 31: Asia-Pacific 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2018 & 2027
- TABLE 32: Australia Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 33: Australia Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 34: India Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 35: India Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 36: South Korea Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 37: South Korea Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 38: Rest of Asia-Pacific Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 39: Rest of Asia-Pacific Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 40: Latin America Current & Future Analysis for Low-Cost Carrier by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
- TABLE 41: Latin America Historic Review for Low-Cost Carrier by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 42: Latin America 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2018 & 2027
- TABLE 43: Argentina Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 44: Argentina Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 45: Brazil Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 46: Brazil Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 47: Mexico Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 48: Mexico Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 49: Rest of Latin America Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 50: Rest of Latin America Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 51: Middle East Current & Future Analysis for Low-Cost Carrier by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027
- TABLE 52: Middle East Historic Review for Low-Cost Carrier by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 53: Middle East 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2018 & 2027
- TABLE 54: Iran Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 55: Iran Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 56: Israel Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 57: Israel Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 58: Saudi Arabia Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 59: Saudi Arabia Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 60: UAE Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 61: UAE Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 62: Rest of Middle East Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 63: Rest of Middle East Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- TABLE 64: Africa Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027
- TABLE 65: Africa Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017
- Total Companies Profiled: 43
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