The global aircraft leasing market size was valued at USD 178.88 billion in 2023. The market is projected to grow from USD 183.23 billion in 2024 to USD 401.67 billion by 2032, exhibiting a CAGR of 11.1% during the forecast period. A legally binding contract between two parties—typically a lessor and a lessee—is known as an aircraft lease. In return for recurrent sums known as lease payments, the lessor consents to loan the aircraft to the lessee for a specific amount of time. Instead of purchasing aircraft, airlines occasionally lease them. In exchange for a monthly or yearly fee for the use of the aircraft, the leasing firm spends its money to buy it. It then gives the aircraft to the operator. The tenant is the owner. The airline rents the aircraft for a predetermined sum each month or year in exchange for using it with its own logo and frequently in its own color. The aircraft is returned to its owner at the end of the process, after the lease term has expired. The increasing demand for low-cost airlines is a significant factor driving the aircraft leasing market growth. Fortune Business Insights presents this information in their report titled "Global Aircraft Leasing Market, 2024–2032."
List of Key Players Profiled in the Report
Information Source:
https://www.fortunebusinessinsights.com/aircraft-leasing-market-107476
Segments:
Narrow Body Aircraft’s Global Demand to Drive Segment Growth
Based on aircraft type, the market is classified into narrow body, wide body, and regional aircraft.
In 2021, the narrow body segment is anticipated to be the largest. The expansion is attributable to an increase in global demand for narrow-body aircraft. Budget airlines and Low-Cost Carriers (LCCs) in the airline business are primarily responsible for the increased demand. The next generation of aircraft can already fly lengthy routes, so the full-service airlines are now looking to increase the number of narrow-body aircraft in their fleets. In addition, the market for low-cost airlines has experienced a rise in demand for and purchases of these aircraft, and despite the pandemic's effects, airlines are currently observed placing large orders. This means that within the predicted period, high growth is anticipated.