Low Cost Airlines Market By Purpose (Leisure Travel, Visiting Friends & Relatives (VFR) , Business Travel) , By Destination (Domestic, International) : Global Opportunity Analysis and Industry Forecast, 2024-2034

August 2024 | 288 pages | ID: LA95C992D5D0EN
Allied Market Research

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The global low cost airlines market was valued at $155.02 billion in 2016, and is projected to reach $440.46 billion by 2030, growing at a CAGR of 10.4% from 2022 to 2030. Low-cost airline is a passenger carrier, which offers travelling service at relatively affordable and competitive rates as 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, EasyJet, Air Asia, and Qantas Airways. The feasibility of the operation of low-cost airlines is attributed to its low-cost model. This low-cost model can include characteristics such as low pricing strategy, simple pricing structure, involves online & direct ticket booking (eliminating extra ground staff & vendors), preference to secondary airport, point-to-point network, single class seating arrangement, ticket fare may not include extra services (food & beverage), intensive aircraft usage, short turnaround time, dense seating arrangements, and secondary revenue sources (advertisement and onboard selling). Low-cost airlines have grown exponentially worldwide over the past few years, owing to rise in economic activities, ease of travel, development of the travel & tourism industry, rapid urbanization, changes in lifestyle, consumers’ preference for low-cost service along with non-stops, and frequent service.

Moreover, increase in purchasing power of middle-class households, especially in developing regions, and high internet penetration coupled with e-literacy notably contribute toward the growth of the global low-cost airlines market. However, factors such as volatile crude oil prices and increase in terrorism & crime rate, political uncertainty, & natural calamities hinder the market growth. Furthermore, increase in cases of COVID-19 is leading to travel restrictions, which is severely affecting the market. In addition, factors such high investment & operational cost but low profitability is anticipated to be a major challenge of the low-cost airlines industry. Conversely, sustainable airport governance and operational & financial improvements are anticipated to offer remunerative opportunities for the growth of the low-cost airlines market.

The global low-cost airlines market is segmented into purpose, destination, distribution channel, and region. By purpose, the market is segregated into leisure travel, visiting friends & relatives (VFR), and business travel. Depending on destination, it is bifurcated into domestic and international. On the basis of distribution channel, it is garmented into online and travel agency. The market has been further analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Italy, Spain, Germany, France, Latvia, and rest of Europe), Asia-Pacific (Philippines, Indonesia, Thailand, Singapore, Malaysia, Vietnam, China, India, Australia, and rest of AsiaPacific), and LAMEA (Latin America, Africa, and Middle East). The major companies profiled in the report include Air Arabia PJSC, AirAsia Group Berhad, Alaska Air Group, Inc., Azul S.A., easyjet Plc, New World Aviation, Inc., Norwegian Air Shuttle ASA, Qantas Airways Limited, Ryanair Holdings Plc., and Westjet Airlines Ltd.

Key Benefits For Stakeholders
  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the low cost airlines market analysis from 2016 to 2030 to identify the prevailing low cost airlines market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the low cost airlines market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global low cost airlines market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
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  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Key Market Segments

By Purpose
  • Leisure Travel
  • Visiting Friends Relatives (VFR)
  • Business Travel
By Destination
  • Domestic
  • International
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
  • Key Market Players
  • Air Arabia PJSC
  • AirAsia Group Berhad
  • Alaska Air Group, Inc.
  • Azul S.A.
  • easyJet plc
  • New World Aviation, Inc.
  • Norwegian Air Shuttle ASA
  • Qantas Airways Limited
  • Ryanair Holdings Plc.
  • WestJet Airlines Ltd.
CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Market Share Analysis

CHAPTER 4: LOW COST AIRLINES MARKET, BY PURPOSE

4.1. Overview
  4.1.1. Market size and forecast
4.2. Leisure Travel
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Vfr
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country
4.4. Business Travel
  4.4.1. Key market trends, growth factors and opportunities
  4.4.2. Market size and forecast, by region
  4.4.3. Market share analysis by country
4.5. Others
  4.5.1. Key market trends, growth factors and opportunities
  4.5.2. Market size and forecast, by region
  4.5.3. Market share analysis by country

CHAPTER 5: LOW COST AIRLINES MARKET, BY DESTINATION

5.1. Overview
  5.1.1. Market size and forecast
5.2. Domestic
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. International
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country

CHAPTER 6: LOW COST AIRLINES MARKET, BY DISTRIBUTION CHANNEL

6.1. Overview
  6.1.1. Market size and forecast
6.2. Online
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by region
  6.2.3. Market share analysis by country
6.3. Travel Agency
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by region
  6.3.3. Market share analysis by country
6.4. Others
  6.4.1. Key market trends, growth factors and opportunities
  6.4.2. Market size and forecast, by region
  6.4.3. Market share analysis by country

CHAPTER 7: LOW COST AIRLINES MARKET, BY REGION

7.1. Overview
  7.1.1. Market size and forecast By Region
7.2. North America
  7.2.1. Key trends and opportunities
  7.2.2. Market size and forecast, by Purpose
  7.2.3. Market size and forecast, by Destination
  7.2.4. Market size and forecast, by Distribution Channel
  7.2.5. Market size and forecast, by country
    7.2.5.1. U.S.
      7.2.5.1.1. Key market trends, growth factors and opportunities
      7.2.5.1.2. Market size and forecast, by Purpose
      7.2.5.1.3. Market size and forecast, by Destination
      7.2.5.1.4. Market size and forecast, by Distribution Channel
    7.2.5.2. Canada
      7.2.5.2.1. Key market trends, growth factors and opportunities
      7.2.5.2.2. Market size and forecast, by Purpose
      7.2.5.2.3. Market size and forecast, by Destination
      7.2.5.2.4. Market size and forecast, by Distribution Channel
    7.2.5.3. Mexico
      7.2.5.3.1. Key market trends, growth factors and opportunities
      7.2.5.3.2. Market size and forecast, by Purpose
      7.2.5.3.3. Market size and forecast, by Destination
      7.2.5.3.4. Market size and forecast, by Distribution Channel
7.3. Europe
  7.3.1. Key trends and opportunities
  7.3.2. Market size and forecast, by Purpose
  7.3.3. Market size and forecast, by Destination
  7.3.4. Market size and forecast, by Distribution Channel
  7.3.5. Market size and forecast, by country
    7.3.5.1. United Kingdom
      7.3.5.1.1. Key market trends, growth factors and opportunities
      7.3.5.1.2. Market size and forecast, by Purpose
      7.3.5.1.3. Market size and forecast, by Destination
      7.3.5.1.4. Market size and forecast, by Distribution Channel
    7.3.5.2. Italy
      7.3.5.2.1. Key market trends, growth factors and opportunities
      7.3.5.2.2. Market size and forecast, by Purpose
      7.3.5.2.3. Market size and forecast, by Destination
      7.3.5.2.4. Market size and forecast, by Distribution Channel
    7.3.5.3. Spain
      7.3.5.3.1. Key market trends, growth factors and opportunities
      7.3.5.3.2. Market size and forecast, by Purpose
      7.3.5.3.3. Market size and forecast, by Destination
      7.3.5.3.4. Market size and forecast, by Distribution Channel
    7.3.5.4. Germany
      7.3.5.4.1. Key market trends, growth factors and opportunities
      7.3.5.4.2. Market size and forecast, by Purpose
      7.3.5.4.3. Market size and forecast, by Destination
      7.3.5.4.4. Market size and forecast, by Distribution Channel
    7.3.5.5. France
      7.3.5.5.1. Key market trends, growth factors and opportunities
      7.3.5.5.2. Market size and forecast, by Purpose
      7.3.5.5.3. Market size and forecast, by Destination
      7.3.5.5.4. Market size and forecast, by Distribution Channel
    7.3.5.6. Latvia
      7.3.5.6.1. Key market trends, growth factors and opportunities
      7.3.5.6.2. Market size and forecast, by Purpose
      7.3.5.6.3. Market size and forecast, by Destination
      7.3.5.6.4. Market size and forecast, by Distribution Channel
    7.3.5.7. Russia
      7.3.5.7.1. Key market trends, growth factors and opportunities
      7.3.5.7.2. Market size and forecast, by Purpose
      7.3.5.7.3. Market size and forecast, by Destination
      7.3.5.7.4. Market size and forecast, by Distribution Channel
    7.3.5.8. Rest of Europe
      7.3.5.8.1. Key market trends, growth factors and opportunities
      7.3.5.8.2. Market size and forecast, by Purpose
      7.3.5.8.3. Market size and forecast, by Destination
      7.3.5.8.4. Market size and forecast, by Distribution Channel
7.4. Asia-Pacific
  7.4.1. Key trends and opportunities
  7.4.2. Market size and forecast, by Purpose
  7.4.3. Market size and forecast, by Destination
  7.4.4. Market size and forecast, by Distribution Channel
  7.4.5. Market size and forecast, by country
    7.4.5.1. Philippines
      7.4.5.1.1. Key market trends, growth factors and opportunities
      7.4.5.1.2. Market size and forecast, by Purpose
      7.4.5.1.3. Market size and forecast, by Destination
      7.4.5.1.4. Market size and forecast, by Distribution Channel
    7.4.5.2. Indonesia
      7.4.5.2.1. Key market trends, growth factors and opportunities
      7.4.5.2.2. Market size and forecast, by Purpose
      7.4.5.2.3. Market size and forecast, by Destination
      7.4.5.2.4. Market size and forecast, by Distribution Channel
    7.4.5.3. Thailand
      7.4.5.3.1. Key market trends, growth factors and opportunities
      7.4.5.3.2. Market size and forecast, by Purpose
      7.4.5.3.3. Market size and forecast, by Destination
      7.4.5.3.4. Market size and forecast, by Distribution Channel
    7.4.5.4. Singapore
      7.4.5.4.1. Key market trends, growth factors and opportunities
      7.4.5.4.2. Market size and forecast, by Purpose
      7.4.5.4.3. Market size and forecast, by Destination
      7.4.5.4.4. Market size and forecast, by Distribution Channel
    7.4.5.5. Malaysia
      7.4.5.5.1. Key market trends, growth factors and opportunities
      7.4.5.5.2. Market size and forecast, by Purpose
      7.4.5.5.3. Market size and forecast, by Destination
      7.4.5.5.4. Market size and forecast, by Distribution Channel
    7.4.5.6. Viet Nam
      7.4.5.6.1. Key market trends, growth factors and opportunities
      7.4.5.6.2. Market size and forecast, by Purpose
      7.4.5.6.3. Market size and forecast, by Destination
      7.4.5.6.4. Market size and forecast, by Distribution Channel
    7.4.5.7. China
      7.4.5.7.1. Key market trends, growth factors and opportunities
      7.4.5.7.2. Market size and forecast, by Purpose
      7.4.5.7.3. Market size and forecast, by Destination
      7.4.5.7.4. Market size and forecast, by Distribution Channel
    7.4.5.8. India
      7.4.5.8.1. Key market trends, growth factors and opportunities
      7.4.5.8.2. Market size and forecast, by Purpose
      7.4.5.8.3. Market size and forecast, by Destination
      7.4.5.8.4. Market size and forecast, by Distribution Channel
    7.4.5.9. Australia
      7.4.5.9.1. Key market trends, growth factors and opportunities
      7.4.5.9.2. Market size and forecast, by Purpose
      7.4.5.9.3. Market size and forecast, by Destination
      7.4.5.9.4. Market size and forecast, by Distribution Channel
    7.4.5.10. Rest of Asia-Pacific
      7.4.5.10.1. Key market trends, growth factors and opportunities
      7.4.5.10.2. Market size and forecast, by Purpose
      7.4.5.10.3. Market size and forecast, by Destination
      7.4.5.10.4. Market size and forecast, by Distribution Channel
7.5. LAMEA
  7.5.1. Key trends and opportunities
  7.5.2. Market size and forecast, by Purpose
  7.5.3. Market size and forecast, by Destination
  7.5.4. Market size and forecast, by Distribution Channel
  7.5.5. Market size and forecast, by country
    7.5.5.1. Latin America
      7.5.5.1.1. Key market trends, growth factors and opportunities
      7.5.5.1.2. Market size and forecast, by Purpose
      7.5.5.1.3. Market size and forecast, by Destination
      7.5.5.1.4. Market size and forecast, by Distribution Channel
    7.5.5.2. Middle East
      7.5.5.2.1. Key market trends, growth factors and opportunities
      7.5.5.2.2. Market size and forecast, by Purpose
      7.5.5.2.3. Market size and forecast, by Destination
      7.5.5.2.4. Market size and forecast, by Distribution Channel
    7.5.5.3. Africa
      7.5.5.3.1. Key market trends, growth factors and opportunities
      7.5.5.3.2. Market size and forecast, by Purpose
      7.5.5.3.3. Market size and forecast, by Destination
      7.5.5.3.4. Market size and forecast, by Distribution Channel

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2016

CHAPTER 9: COMPANY PROFILES

9.1. Air Arabia PJSC
  9.1.1. Company overview
  9.1.2. Key Executives
  9.1.3. Company snapshot
9.2. AirAsia Group Berhad
  9.2.1. Company overview
  9.2.2. Key Executives
  9.2.3. Company snapshot
9.3. Alaska Air Group, Inc.
  9.3.1. Company overview
  9.3.2. Key Executives
  9.3.3. Company snapshot
9.4. Azul S.A.
  9.4.1. Company overview
  9.4.2. Key Executives
  9.4.3. Company snapshot
9.5. easyJet plc
  9.5.1. Company overview
  9.5.2. Key Executives
  9.5.3. Company snapshot
9.6. New World Aviation, Inc.
  9.6.1. Company overview
  9.6.2. Key Executives
  9.6.3. Company snapshot
9.7. Norwegian Air Shuttle ASA
  9.7.1. Company overview
  9.7.2. Key Executives
  9.7.3. Company snapshot
9.8. Qantas Airways Limited
  9.8.1. Company overview
  9.8.2. Key Executives
  9.8.3. Company snapshot
9.9. Ryanair Holdings Plc
  9.9.1. Company overview
  9.9.2. Key Executives
  9.9.3. Company snapshot
9.10. WestJet Airlines Ltd.
  9.10.1. Company overview
  9.10.2. Key Executives
  9.10.3. Company snapshot


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