Aircraft Leasing Market 2023 – Industry Insights, Top Trends, 2032

Aircraft Leasing Market Size Worth $374.27 Billion By 2032 | CAGR: 7.6%


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.

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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

  • Wet lease segment is anticipated to hold the largest market share during forecast period. Due to wet-leasing arrangements offer advantages by providing aircraft and crew members from the owner.
  • Narrow body segment holds the highest revenue shares and expected to dominate market due to narrow-body aircraft's fuel efficiency drives cost savings and sustainability for airlines.
  • Europe has dominated the market with growing air traffic, driving demand for fuel-efficient planes to reduce costs and comply with emissions regulations.
  • The global key market players include Aviation Capital Group, BBAM LLC, Air Lease Corporation, Goshawk Aviation Limited, GE Capital Aviation Services, Boeing Capital Corporation, AerCap, Nordic Aviation Capital, Dubai Aerospace Enterprise (DAE) Ltd., International Lease Finance Corporation, and others.

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)

  • Dry Lease
  • Wet Lease

Aircraft Leasing, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Wide Body
  • Narrow Body

Aircraft Leasing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Aircraft Leasing Market Report Scope

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.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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