Global Low cost airlines market was valued at USD 10,784 million in 2019 which is expected to reach USD 210,877 million by 20230 at a CAGR 8.8%.
Low cost airlines are also called as passenger airlines which provide travelling service tickets at relatively cheaper rate compared to other airlines. It is also referred as frills airlines, low cost carriers, prizefighters, budget airlines, and discount airlines. Low cost airline model includes simple pricing structure, pricing strategy, which involves offline and online ticket booking.
Increase in economic activity, ease of travel, change in lifestyle, urbanization, travel & tourism industry are the key driving factors which are expected to boost the global low cost airlines market growth. Furthermore, rise in purchasing power of middle class households in developing regions will have the positive impact on market growth. Also, increase in internet penetration coupled with e-literacy which is expected to propel the low cost airlines market growth.
However, prices of volatile crude oil, also rise in terrorism and crime rate, and natural calamities are the restraining factors which are expected to hinder the global low cost airless market growth.
Global Low Cost Airlines Market is segmented into destination such as Domestic, and International, by purpose such as VFR, Business Travel, Leisure Travel, and Others. Further, market is segmented into distribution channel such as Travel agency, Online, and Others.
Also, Global Low Cost Airlines Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Airasia Inc, Air Arabia PJSC, Ryanair Holdings plc, Azul Linhas Areas Brasileiras S.A., Indigo, LLC, WestJet Airlines Ltd., Jetstar Airways Pty Ltd., easyJet plc, Norwegian Air Shuttle As, and Virgin America
By Destination
Domestic International
By Purpose
VFR Business Travel Leisure Travel Others
By Distribution Channel
Travel agency Online Others
North America
Latin America
Europe Asia Pacific
Middle East & Africal
What are the Key Opportunities in Low Cost Airlines Market?
What will be the growth rate from 2019 to 2030?
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
What are the strategies adopted by key players?
Global Low cost Airlines Market
1 Introduction 1.1 Objective of the Study 1.2 Market definition 1.3 Market Scope 2 Research Methodology 2.1 Data Mining 2.2 Validation 2.3 Primary Interviews 2.4 List of Data Sources 3 Executive Summary 4 Global Low cost Airlines Market Outlook 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis 5 Global Low cost Airlines Market, By Destination 5.1 Y-o-Y Growth Comparison, By Destination 5.2 Global Low cost Airlines Market Share Analysis, By Destination 5.3 Global Low cost Airlines Market Size and Forecast, By Destination 5.3.1 Domestic 5.3.2International 6 Global Low cost Airlines Market, By Purpose 6.1 Y-o-Y Growth Comparison, By Purpose 6.2 Global Low cost Airlines Market Share Analysis, By Purpose 6.3 Global Low cost Airlines Market Size and Forecast, By Purpose 6.3.1 VFR 6.3.2 Business Travel 6.3.3Leisure Travel 6.3.4others 7 Global Low cost Airlines Market, By Distribution Channel 7.1 Y-o-Y Growth Comparison, By Distribution Channel 7.2 Global Low cost Airlines Market Share Analysis, By Distribution Channel 7.3 Global Low cost Airlines Market Size and Forecast, By Distribution Channel 7.3.1 Travel Agency 7.3.2 Online 7.3.3 Others 8 Global Low cost Airlines Market, By Region 8.1 Global Low cost Airlines Market Share Analysis, By Region 8.2 Global Low cost Airlines Market Share Analysis, By Region 8.3 Global Low cost Airlines Market Size and Forecast, By Region 9 North America Low cost Airlines Market Analysis and Forecast (2017 – 2027) 9.1 Introduction 9.2 North America Low cost Airlines Market Share Analysis, By Destination 9.3 North America Low cost Airlines Market Size and Forecast, By Purpose 9.4 North America Low cost Airlines Market Size and Forecast, By Distribution Channel 9.5 North America Low cost Airlines Market Size and Forecast, By Country 9.5.1 U.S. 9.5.2 Canada 9.5.3 Mexico 10 Europe Low cost Airlines Market Analysis and Forecast (2017 – 2027) 10.1 Introduction 10.2 Europe Low cost Airlines Market Share Analysis, By Destination 10.3 Europe Low cost Airlines Market Size and Forecast, By Purpose 10.4 Europe Low cost Airlines Market Size and Forecast, By Distribution Channel 10.5 Europe Low cost Airlines Market Size and Forecast, By Country 10.5.1 Germany 10.5.2 France 10.5.3 UK 10.5.4. Rest of Europe 11 Asia Pacific Low cost Airlines Market Analysis and Forecast (2017 – 2027) 11.1 Introduction 11.2 Asia Pacific Low cost Airlines Market Share Analysis, By Destination 11.3 Asia Pacific Low cost Airlines Market Size and Forecast, By Purpose 11.4 Asia Pacific Low cost Airlines Market Size and Forecast, By Distribution Channel 11.5 Asia Pacific Low cost Airlines Market Size and Forecast, By Country 11.5.1 China 11.5.2 Japan 11.5.3 India 11.5.4. Rest of Asia Pacific 12 Latin America Low cost Airlines Market Analysis and Forecast (2017 – 2030) 12.1 Introduction 12.2 Latin America Low cost Airlines Market Share Analysis, By Destination 12.3 Latin America Low cost Airlines Market Size and Forecast, By Purpose 12.4 Latin America Low cost Airlines Market Size and Forecast, By Distribution Channel 12.5 Latin America Low cost Airlines Market Size and Forecast, Country 13 Middle East Low cost Airlines Market Analysis and Forecast (2017 – 2030) 13.1 Introduction 13.2 Middle East Low cost Airlines Market Share Analysis, By Destination 13.3 Middle East Low cost Airlines Market Size and Forecast, By Purpose 13.4 Middle East Low cost Airlines Market Size and Forecast, By Distribution Channel 13.5 Middle East Low cost Airlines Market Size and Forecast, By Country 14 Competitive Analysis 14.1 Competition Dashboard 14.2 Market share Analysis of Top Vendors 14.3 Key Development Strategies 15 Company Profiles 15.1 Airasia Inc 15.1.1 Overview 15.1.2 Offerings 15.1.3 Key Financials 15.1.4 Business Segment & Geographic Overview 15.1.5 Key Market Developments 15.1.6 Key Strategies 15.2 Air Arabia PJSC 15.2.1 Overview 15.2.2 Offerings 15.2.3 Key Financials 15.2.4 Business Segment & Geographic Overview 15.2.5 Key Market Developments 15.2.6 Key Strategies 15.3 Ryanair Holdings plc 15.3.1 Overview 15.3.2 Offerings 15.3.3 Key Financials 15.3.4 Business Segment & Geographic Overview 15.3.5 Key Market Developments 15.3.6 Key Strategies 15.4 Azul Linhas Areas Brasileiras S.A 15.4.1 Overview 15.4.2 Offerings 15.4.3 Key Financials 15.4.4 Business Segment & Geographic Overview 15.4.5 Key Market Developments 15.4.6 Key Strategies 15.5 Indigo, LLC 15.5.1 Overview 15.5.2 Offerings 15.5.3 Key Financials 15.5.4 Business Segment & Geographic Overview 15.5.5 Key Market Developments 15.5.6 Key Strategies 15.6 WestJet Airlines Ltd 15.6.1 Overview 15.6.2 Offerings 15.6.3 Key Financials 15.6.4 Business Segment & Geographic Overview 15.6.5 Key Market Developments 15.6.6 Key Strategies 15.7 Jetstar Airways Pty Ltd 15.7.1 Overview 15.7.2 Offerings 15.7.3 Key Financials 15.7.4 Business Segment & Geographic Overview 15.7.5 Key Market Developments 15.7.6 Key Strategies 15.8 easyJet plc 15.8.1 Overview 15.8.2 Offerings 15.8.3 Key Financials 15.8.4 Business Segment & Geographic Overview 15.8.5 Key Market Developments 15.8.6 Key Strategies 15.9 Norwegian Air Shuttle As 15.9.1 Overview 15.9.2 Offerings 15.9.3 Key Financials 15.9.4 Business Segment & Geographic Overview 15.9.5 Key Market Developments 15.9.6 Key Strategies 15.10 Virgin America 15.10.1 Overview 15.10.2 Offerings 15.10.3 Key Financials 15.10.4 Business Segment & Geographic Overview 15.10.5 Key Market Developments 15.10.6 Key Strategies
