A Comprehensive research study conducted by KD Market Research on Low Cost Airlines Market Opportunity Analysis and Industry forecast. report offers extensive and highly detailed historical, current and future market trends in Low Cost Airlines Market. Low Cost Airlines Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments.
The global low cost airlines market was valued at $117,726 million in 2016, and is projected to reach $207,816 million in 2023, registering a CAGR of 8.6% from 2017 to 2023. The development of the travel & tourism sector fosters the growth of the low cost airlines market.
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Low cost airlines are passenger airlines, which offer travelling service tickets at relatively cheaper rate compared to other airlines (full service or traditional airline). Low cost airlines are also known as ?no frills airlines,? ?prizefighters,? ?low-cost carriers (LCC),? ?discount airlines,? and ?budget airlines.? Some of the popular low cost airlines include Ryanair and EasyJet.
In 2016, the global scheduled airline passenger was estimated to be 3.8 billion; and around 28% of these passengers were carried by low cost airlines. However, the distribution/penetration of low cost airlines is equally distributed. For instance, in Latvia, Europe, around 80% of the passengers are flown by low-cost carriers; whereas, in Africa, nearly half of the countries have no low cost airline service.
The growth of the market is attributed to the rise in economic activity, ease of travel, travel & tourism industry, urbanization, changes in lifestyle, consumers? preference for low cost service along with non-stops, and frequent service, increase in purchasing power of middle class households especially in the developing regions, and high internet penetration coupled with e-literacy. However, factors such as volatile crude oil price and increase in terrorism & crime rate, political uncertainty, & natural calamities hinder the market growth. Conversely, sustainable airport governance, operational & financial improvement is anticipated to leverage the growth of the low cost airlines market.
Nevertheless, factors such as high investment & operational cost but low profitability is anticipated to be a major challenge of the low cost airlines industry.
The global low cost airlines market is segmented based on purpose, destination, and distribution channel. Based on purpose, the market is divided by the type of travelers availing the service, such as, leisure travel, VFR, business travel, and others. Based on destination, it is categorized into domestic and international. By distribution channel, it is classified into various mode of availing the tickets for the service, such as online, travel agency, and others. The global low cost airlines market is further studied across North America, Europe, Asia-Pacific, and LAMEA.
KEY MARKET BENEFITS FOR STAKEHOLDERS
-This report provides an in-depth analysis of the global low cost airlines market to identify the potential investment pockets.
-It outlines the current trends and future scenarios to determine the low cost airlines market potential and gain stronger market foothold.
-Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.
-Quantitative analysis of the low cost airlines industry from 2017 to 2023 is highlighted to recognize the financial competency of the market.
-Porter?s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.
KEY MARKET SEGMENTS
By Purpose
-Leisure Travel
-VFR
-Business Travel
-Others
By Destination
-Domestic
-International
By Distribution Channel
-Online
-Travel Agency
-Others
By Geography
-North America
-U.S.
-Canada
-Mexico
-Europe
-UK
-Italy
-Spain
-Germany
-France
-Latvia
-Rest of Europe
-Asia-Pacific
-Philippines
-Indonesia
-Thailand
-Singapore
-Malaysia
-Vietnam
-China
-India
-Rest of Asia-Pacific
-LAMEA
-Latin America
-Middle East
-Africa
KEY PLAYERS:
-Airasia Inc.
-Virgin America
-Norwegian Air Shuttle As
-easyJet plc
-Jetstar Airways Pty Ltd.
-WestJet Airlines Ltd.
-Indigo, LLC,
-Azul Linhas A?reas Brasileiras S.A. (Azul Brazilian Airlines)
-Ryanair Holdings plc
-Air Arabia PJSC.
OTHER KEY PLAYERS
-Zoom Airlines
-Southwest Airlines
-Go Airlines
*These players are not profiled in this report.
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Table of Content
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. SNAPSHOT
2.2. CXO PRESPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINATION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top impacting factors
3.2.3. Top winning strategies
3.3. PORTER’S FIVE FORCE ANALYSIS
3.4. MARKET PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Economic growth
3.5.1.2. Development of the global travel & tourism industry
3.5.1.3. Urbanization coupled with population
3.5.1.4. Internet penetration
3.5.2. Restraints
3.5.2.1. Volatile crude oil price
3.5.2.2. Increase in terrorism & crime rate, political uncertainty, & natural calamities
3.5.3. Opportunities
3.5.3.1. Transparent airport regulations
3.5.3.2. Infrastructural investment
3.5.3.3. Operational & financial improvement
3.5.4. Challenge
3.5.4.1. High investment & operational cost but low profitability
CHAPTER 4: LOW COST AIRLINES MARKET, BY PURPOSE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. LEISURE TRAVEL
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market size and forecast by country
4.3. VFR
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market size and forecast by country
4.4. BUSINESS TRAVEL
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market size and forecast by country
4.5. OTHERS
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast by region
4.5.3. Market size and forecast by country
CHAPTER 5: LOW COST AIRLINES MARKET, BY DESTINATION
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. DOMESTIC
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market size and forecast by country
5.3. INTERNATIONAL
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market size and forecast by country
CHAPTER 6: LOW COST AIRLINES MARKET, BY DISTRIBUTION CHANNEL
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. ONLINE
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market size and forecast by country
6.3. TRAVEL AGENCY
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market size and forecast by country
6.4. OTHERS
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast by region
6.4.3. Market size and forecast by country
CHAPTER 7: LOW COST AIRLINES MARKET, BY REGION
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.2.2.1. U.S.
7.2.2.2. Canada
7.2.2.3. Mexico
7.3. EUROPE
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.3.2.1. UK
7.3.2.2. Italy
7.3.2.3. Spain
7.3.2.4. Germany
7.3.2.5. France
7.3.2.6. Latvia
7.3.2.7. Rest of Europe
7.4. ASIA-PACIFIC
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
7.4.2.1. Philippines
7.4.2.2. Indonesia
7.4.2.3. Thailand
7.4.2.4. Singapore
7.4.2.5. Malaysia
7.4.2.6. Vietnam
7.4.2.7. China
7.4.2.8. India
7.4.2.9. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
7.5.2.1. Latin America
7.5.2.2. Africa
7.5.2.3. Middle East
CHAPTER 8: COMPANY PROFILES
8.1. AirAsia Berhad
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. Alaska Air Group, Inc. (Virgin America Inc.)
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.3. Norwegian Air Shuttle ASA
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments
8.4. easyJet plc
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Key strategic moves and developments
8.5. Qantas Airways Limited (Jetstar Airways Pty Ltd.)
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.6. WestJet Airlines Ltd.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.7. NewWorldAir Holdings, Inc.(Indigo, LLC)
8.7.1. Company overview
8.7.2. Company snapshot
8.8. Azul S.A. (Azul Linhas Areas Brasileiras S.A.)
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.9. Ryanair Holdings plc
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.10. Air Arabia PJSC
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
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