The global aircraft leasing market size is expected to reach USD 374.27 million by 2032, according to a new study by Polaris Market Research. The report “Aircraft Leasing Market Share, Size, Trends, Industry Analysis Report, By Lease (Dry Lease, Wet Lease); By Application (Wide Body, Narrow Body); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The aircraft leasing market is witnessing a surge in popularity driven by the growing demand for air travel, increasing disposable income, and rising international tourism. The high financial burden of acquiring new aircraft has led airlines to adopt leasing as a preferred option.
Airlines leverage aircraft leasing to reduce the debt burden, preserve cash reserves, and enhance financial flexibility. Many carriers pay a monthly fee based on a low percentage of the aircraft's value, enabling them to allocate resources more efficiently. This unique financing option allows airlines to expand their fleets dynamically without making substantial capital investments, a strategy that has gained traction among numerous airlines in recent times.
Furthermore, technological advancements and environmental concerns are also shaping the aircraft leasing industry. Newer aircraft models with enhanced fuel efficiency and reduced carbon emissions are in high demand, and leasing companies are investing in modern, eco-friendly aircraft to meet these requirements.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below::https://www.polarismarketresearch.com/industry-analysis/aircraft-leasing-market/request-for-sample
The market is gradually recovering from the impact of the COVID-19 pandemic as travel restrictions ease and air travel resumes. Airlines are increasingly turning to leasing as a flexible solution to meet evolving demand while managing costs. Secondly, there is a growing emphasis on fuel-efficient and environmentally friendly aircraft. Airlines seek newer aircraft models with advanced technologies that reduce fuel consumption and carbon emissions. This trend has led lessors to invest in modern aircraft portfolios, including next-generation narrow-body and wide-body planes.
Additionally, the market is experiencing a shift towards shorter lease terms as airlines prioritize flexibility in fleet management. Emerging markets, particularly in Asia-Pacific, Latin America, and Africa, are witnessing significant growth in air travel demand, leading to increased leasing activity in these regions. Technological advancements, such as the introduction of next-generation aircraft models and the digital transformation of lease management, are also shaping the market.
Aircraft Leasing Market Report Highlights
Polaris Market Research has segmented the aircraft leasing market report based on lease, application, and region:
Aircraft Leasing, Lease Outlook (Revenue - USD Billion, 2019 - 2032)
Aircraft Leasing, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Aircraft Leasing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 193.42 billion |
Revenue forecast in 2032 |
USD 374.27 billion |
CAGR |
7.6% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019 – 2021 |
Forecast period |
2023 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
Segments Covered |
By Lease, By Application, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |