Overview:

The global commercial aircraft wet lease ACMI market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Commercial aircraft wet leasing is an arrangement where the leasing company provides aircraft, crew, maintenance, and insurance to airline companies, tour operators, and others.

The market growth is propelled by numerous factors such as faster leasing process, low cost of capital investment, and growing aviation industry. Also, the market covers insights for growing Chinese and Irish aircraft lessors which is also expected to foster growth of the global commercial aircraft lease ACMI market during the forecast period.

Market Dynamics:

Faster leasing process and low cost of capital investment are key factors expected to spike up growth of the global commercial aircraft wet lease ACMI market during the forecast period. Leasing aircraft supports operating of aircraft with less economic burden, as purchasing of airplanes results in heavy investment and risk.

In addition, buying process of aircraft is a lengthy procedure, which makes the airline operators unappealing. Hence, the preference for aircraft leasing in the aviation industry is growing across the globe. Additionally, taking aircraft on lease is beneficial to operators as it supports to increase or decrease the fleet size in an easy and short manner, that results in operational and maintenance cost saving. These factors expected to propel growth of the target market in the near future.

However, rising issues related with aircraft leasing agreements, associated terms & conditions, and high cost associated with the short leasing period agreement are key factors affecting growth of the global commercial aircraft wet lease ACMI market to a certain extent.

Key Trends:

Rising government initiatives to advance and develop the commercial aviation infrastructure specifically in emerging countries is a key trend witnessed in the global commercial aircraft wet lease ACMI market. For instance, the Airports Authority of India (AAI) has announced in October 2020 that, the authority will upgrade the runways at seven airports across the country till March 2022.

Regional Analysis:

For detailed understanding of market dynamics, the global commercial aircraft wet lease ACMI market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the year 2019, Asia Pacific region is accounted for highest revenue share in the target market. Lack of funding to purchase the new aircrafts and rising market competition along with growing aviation sector are key factors resulted in the growth of Asia Pacific commercial aircraft wet leasing ACMI market.

However, the Europe has accounted for second highest market share in the global market. This is attributed to high number of airline operators looking for aircraft leasing option to reduce the operational cost. In addition, strong presence of major end users/ consumers in countries in the region is supporting growth of the global commercial aircraft wet lease ACMI market in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Commercial Aircraft Wet Lease ACMI Market, By Body Type:

• Narrow
  • Airbus
  • Boeing
• Wide
  • Airbus
  • Boeing

Key Players Covered:

Key players operating in the global commercial aircraft wet lease ACMI market includes GECAS, Inc., Boeing Co., SMBC Aviation Capital, Ltd., Air Lease Corporation, AerCap Holding NV, BBAM LLC, BOC Aviation Ltd., Nordic Aviation Capital, Aviation Capital Group LLC, and Avolon Holding Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Commercial Aircraft Wet Lease ACMI Market by body type and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global commercial aircraft wet lease ACMI market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.