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Synopsis
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.
The global Low Cost Airlines market was valued at US$ 125500 million in 2023 and is anticipated to reach US$ 180590 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Low Cost Airlines, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Low Cost Airlines.
Report Scope
The Low Cost Airlines market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Low Cost Airlines market comprehensively. Regional market sizes, concerning products by Type, by Distribution Channel, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Low Cost Airlines companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Distribution Channel, and by regions.
Market Segmentation
By Company (Partial List)
- AirAsia Berhad
- Virgin
- Norwegian Air Shuttle
- EasyJet
- Jetstar Airways
- WestJet Airlines
- Indigo
- Azul Linhas Areas Brasileiras
- Ryanair Holdings
- Air Arabia PJSC
Segment by Type
- Leisure Travel
- VFR
- Business Travel
- Others
Segment by Distribution Channel
- Online
- Travel Agency
- Others
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Distribution Channel, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Low Cost Airlines companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Distribution Channel, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Low Cost Airlines Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Leisure Travel
1.2.3 VFR
1.2.4 Business Travel
1.2.5 Others
1.3 Market by Distribution Channel
1.3.1 Global Low Cost Airlines Market Growth by Distribution Channel: 2019 VS 2023 VS 2030
1.3.2 Online
1.3.3 Travel Agency
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Low Cost Airlines Market Perspective (2019-2030)
2.2 Low Cost Airlines Growth Trends by Region
2.2.1 Global Low Cost Airlines Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Low Cost Airlines Historic Market Size by Region (2019-2024)
2.2.3 Low Cost Airlines Forecasted Market Size by Region (2025-2030)
2.3 Low Cost Airlines Market Dynamics
2.3.1 Low Cost Airlines Industry Trends
2.3.2 Low Cost Airlines Market Drivers
2.3.3 Low Cost Airlines Market Challenges
2.3.4 Low Cost Airlines Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Low Cost Airlines Players by Revenue
3.1.1 Global Top Low Cost Airlines Players by Revenue (2019-2024)
3.1.2 Global Low Cost Airlines Revenue Market Share by Players (2019-2024)
3.2 Global Low Cost Airlines Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Low Cost Airlines Revenue
3.4 Global Low Cost Airlines Market Concentration Ratio
3.4.1 Global Low Cost Airlines Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Low Cost Airlines Revenue in 2023
3.5 Low Cost Airlines Key Players Head office and Area Served
3.6 Key Players Low Cost Airlines Product Solution and Service
3.7 Date of Enter into Low Cost Airlines Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Low Cost Airlines Breakdown Data by Type
4.1 Global Low Cost Airlines Historic Market Size by Type (2019-2024)
4.2 Global Low Cost Airlines Forecasted Market Size by Type (2025-2030)
5 Low Cost Airlines Breakdown Data by Distribution Channel
5.1 Global Low Cost Airlines Historic Market Size by Distribution Channel (2019-2024)
5.2 Global Low Cost Airlines Forecasted Market Size by Distribution Channel (2025-2030)
6 North America
6.1 North America Low Cost Airlines Market Size (2019-2030)
6.2 North America Low Cost Airlines Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Low Cost Airlines Market Size by Country (2019-2024)
6.4 North America Low Cost Airlines Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Low Cost Airlines Market Size (2019-2030)
7.2 Europe Low Cost Airlines Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Low Cost Airlines Market Size by Country (2019-2024)
7.4 Europe Low Cost Airlines Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Low Cost Airlines Market Size (2019-2030)
8.2 Asia-Pacific Low Cost Airlines Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Low Cost Airlines Market Size by Region (2019-2024)
8.4 Asia-Pacific Low Cost Airlines Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Low Cost Airlines Market Size (2019-2030)
9.2 Latin America Low Cost Airlines Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Low Cost Airlines Market Size by Country (2019-2024)
9.4 Latin America Low Cost Airlines Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Low Cost Airlines Market Size (2019-2030)
10.2 Middle East & Africa Low Cost Airlines Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Low Cost Airlines Market Size by Country (2019-2024)
10.4 Middle East & Africa Low Cost Airlines Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 AirAsia Berhad
11.1.1 AirAsia Berhad Company Detail
11.1.2 AirAsia Berhad Business Overview
11.1.3 AirAsia Berhad Low Cost Airlines Introduction
11.1.4 AirAsia Berhad Revenue in Low Cost Airlines Business (2019-2024)
11.1.5 AirAsia Berhad Recent Development
11.2 Virgin
11.2.1 Virgin Company Detail
11.2.2 Virgin Business Overview
11.2.3 Virgin Low Cost Airlines Introduction
11.2.4 Virgin Revenue in Low Cost Airlines Business (2019-2024)
11.2.5 Virgin Recent Development
11.3 Norwegian Air Shuttle
11.3.1 Norwegian Air Shuttle Company Detail
11.3.2 Norwegian Air Shuttle Business Overview
11.3.3 Norwegian Air Shuttle Low Cost Airlines Introduction
11.3.4 Norwegian Air Shuttle Revenue in Low Cost Airlines Business (2019-2024)
11.3.5 Norwegian Air Shuttle Recent Development
11.4 EasyJet
11.4.1 EasyJet Company Detail
11.4.2 EasyJet Business Overview
11.4.3 EasyJet Low Cost Airlines Introduction
11.4.4 EasyJet Revenue in Low Cost Airlines Business (2019-2024)
11.4.5 EasyJet Recent Development
11.5 Jetstar Airways
11.5.1 Jetstar Airways Company Detail
11.5.2 Jetstar Airways Business Overview
11.5.3 Jetstar Airways Low Cost Airlines Introduction
11.5.4 Jetstar Airways Revenue in Low Cost Airlines Business (2019-2024)
11.5.5 Jetstar Airways Recent Development
11.6 WestJet Airlines
11.6.1 WestJet Airlines Company Detail
11.6.2 WestJet Airlines Business Overview
11.6.3 WestJet Airlines Low Cost Airlines Introduction
11.6.4 WestJet Airlines Revenue in Low Cost Airlines Business (2019-2024)
11.6.5 WestJet Airlines Recent Development
11.7 Indigo
11.7.1 Indigo Company Detail
11.7.2 Indigo Business Overview
11.7.3 Indigo Low Cost Airlines Introduction
11.7.4 Indigo Revenue in Low Cost Airlines Business (2019-2024)
11.7.5 Indigo Recent Development
11.8 Azul Linhas Areas Brasileiras
11.8.1 Azul Linhas Areas Brasileiras Company Detail
11.8.2 Azul Linhas Areas Brasileiras Business Overview
11.8.3 Azul Linhas Areas Brasileiras Low Cost Airlines Introduction
11.8.4 Azul Linhas Areas Brasileiras Revenue in Low Cost Airlines Business (2019-2024)
11.8.5 Azul Linhas Areas Brasileiras Recent Development
11.9 Ryanair Holdings
11.9.1 Ryanair Holdings Company Detail
11.9.2 Ryanair Holdings Business Overview
11.9.3 Ryanair Holdings Low Cost Airlines Introduction
11.9.4 Ryanair Holdings Revenue in Low Cost Airlines Business (2019-2024)
11.9.5 Ryanair Holdings Recent Development
11.10 Air Arabia PJSC
11.10.1 Air Arabia PJSC Company Detail
11.10.2 Air Arabia PJSC Business Overview
11.10.3 Air Arabia PJSC Low Cost Airlines Introduction
11.10.4 Air Arabia PJSC Revenue in Low Cost Airlines Business (2019-2024)
11.10.5 Air Arabia PJSC Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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