The global aircraft leasing market size is expected to reach USD 539.68 billion by 2028 according to a new study by Polaris Market Research. The report “Aircraft Leasing Market Share, Size, Trends, & Industry Analysis Report, By Aircraft Type (Wide Body, Narrow Body); By Lease Type (Dry, Wet); By Region, Market Size & Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increased air travel rate is fuming the demand for airplanes, leading to huge traction in the aircraft leasing industry. Airplanes are leased for a substantial fee depending upon the type of lease, dry or wet. In dry renting, the lessor offers the airplane without crew members while in wet renting airplanes are offered along with the trained crew, maintenance, and insurance.
The demand for airplane leasing has increased owing to increasing air traffic, and rising regulations. The growth in the global aviation industry and the increasing need for efficient airplanes have resulted in industry growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the airplane leasing industry during the forecast period.
The report provides an extensive qualitative and quantitative analysis of the industry trends and growth prospects of the industry, 2021-2028. This report comprises a detailed geographic distribution of the industry across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and the Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and the Rest of Asia Pacific.
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Europe generated the highest revenue in the airplane rental industry in 2020 owing to high disposable income and living standards in the region. The development of new aircraft, increase in air traffic, operation of efficient commercial airplanes, and technological advancements have resulted in increasing adoption of airplane renting in the region.
The global airplane rental industry is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies launch new products and collaborate with other industry leaders to meet the increasing needs and requirements of consumers.
The leading companies profiled in the report include Boeing Capital Corporation, Aviation Capital Group, Air Lease Corporation, BOC Aviation, BBAM LLC., International Lease Finance Corporation, SAAB Aircraft Leasing, GE Capital Aviation Services, AerCap, CIT Aerospace, Inc., and others.
Polaris Market Research has segmented the global aircraft leasing market report on the basis of lease type, aircraft type, and region:
Aircraft Leasing Lease Type Outlook (Revenue USD Billions 2016 – 2028)
- Dry Lease
- Wet Lease
Aircraft Leasing Type Outlook (Revenue USD Billions 2016 – 2028)
- Wide-Body Aircraft
- Narrow-Body Aircraft
Aircraft Leasing Regional Outlook (Revenue USD Billions 2016 – 2028)
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa