Low-cost carrier market: Driven by an increase in air passenger traffic – Technavio

NEW YORK , Feb. 8, 2023 /PRNewswire/ — The low-cost carrier market size is forecast to increase by USD 248.65 billion from 2022 to 2027. However, the growth momentum will be decelerating at a CAGR of 15.15%, according to a recent market study by Technavio. The growth of the market will be driven by the increase in air passenger traffic, rising demand for air cargo, and the creation of new air routes to tap market potential. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Air Arabia PJSC, Air Canada, Capital A Berhad, Cebu Pacific, Deutsche Lufthansa AG, easyJet Airline Co. Ltd., Fly LEVEL SL, InterGlobe Aviation Ltd., Jet2 Plc, Lion Air, Norwegian Air Shuttle ASA, PAL Holdings Inc., Pegasus Air Transport Corp., PT Garuda Indonesia (Persero) Tbk., Qantas Airways Ltd., Ryanair DAC, Singapore Airlines Ltd., Southwest Airlines Co., Vueling Airlines SA, and WestJet Airlines Ltd.

Get detailed insights into the vendor landscape – Buy the report!

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future – To get requisite details, ask for a custom report.

Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

Get a holistic overview of the endoscopic closure devices market by industry experts to evaluate and develop growth strategies. Download the Sample

The market is segmented by service (passenger service and cargo service), type (narrow body and wide body), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Segmentation by Service (Inclusion/Exclusion)

• The market growth in the passenger service segment will be significant during the forecast period. The segment is mainly driven by the increasing number of air passengers worldwide. In addition, rising vendor focus on constantly improving their product offerings will have a positive impact on the growth of the segment during the forecast period.

What are the key data covered in this low-cost carrier market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the low-cost carrier market between 2023 and 2027
• Precise estimation of the size of the low-cost carrier market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the low-cost carrier market industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of low-cost carrier market vendors

Related Reports:

• The freight logistics market is estimated to grow at a CAGR of 5.74% between 2022 and 2027. The size of the market is forecast to increase by USD 319.65 million. Increasing outsourcing in logistics is notably driving the market growth, although factors such as high infrastructure costs may impede the market growth.
• The FTL market is estimated to grow at a CAGR of 5.3% between 2022 and 2027. The size of the market is forecast to increase by USD 794.08 billion. The increased outsourcing of logistics services is notably driving the market growth, although factors such as the pricing of LTL carriers may impede the market growth.

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global low-cost carrier market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global low-cost carrier market 2017 – 2021 ($ billion)

• 4.2 Service Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 – 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments 
• Exhibit 30: Chart on Service – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service – Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Passenger service – Market size and forecast 2022-2027
• Exhibit 34: Chart on Passenger service – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Passenger service – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Passenger service – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Passenger service – Year-over-year growth 2022-2027 (%)

• 6.4 Cargo service – Market size and forecast 2022-2027
• Exhibit 38: Chart on Cargo service – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Cargo service – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Cargo service – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Cargo service – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Service 
• Exhibit 42: Market opportunity by Service ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Narrow body – Market size and forecast 2022-2027
• Exhibit 47: Chart on Narrow body – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Narrow body – Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Narrow body – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Narrow body – Year-over-year growth 2022-2027 (%)

• 7.4 Wide body – Market size and forecast 2022-2027
• Exhibit 51: Chart on Wide body – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Wide body – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Wide body – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Wide body – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Japan – Market size and forecast 2022-2027
• Exhibit 89: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 India – Market size and forecast 2022-2027
• Exhibit 97: Chart on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Air Arabia PJSC 
• Exhibit 108: Air Arabia PJSC – Overview
• Exhibit 109: Air Arabia PJSC – Product / Service
• Exhibit 110: Air Arabia PJSC – Key offerings

• 12.4 Capital A Berhad 
• Exhibit 111: Capital A Berhad – Overview
• Exhibit 112: Capital A Berhad – Product / Service
• Exhibit 113: Capital A Berhad – Key news
• Exhibit 114: Capital A Berhad – Key offerings

• 12.5 Cebu Pacific 
• Exhibit 115: Cebu Pacific – Overview
• Exhibit 116: Cebu Pacific – Product / Service
• Exhibit 117: Cebu Pacific – Key offerings

• 12.6 Deutsche Lufthansa AG 
• Exhibit 118: Deutsche Lufthansa AG – Overview
• Exhibit 119: Deutsche Lufthansa AG – Business segments
• Exhibit 120: Deutsche Lufthansa AG – Key news
• Exhibit 121: Deutsche Lufthansa AG – Key offerings
• Exhibit 122: Deutsche Lufthansa AG – Segment focus

• 12.7 easyJet Airline Co. Ltd. 
• Exhibit 123: easyJet Airline Co. Ltd. – Overview
• Exhibit 124: easyJet Airline Co. Ltd. – Business segments
• Exhibit 125: easyJet Airline Co. Ltd. – Key news
• Exhibit 126: easyJet Airline Co. Ltd. – Key offerings
• Exhibit 127: easyJet Airline Co. Ltd. – Segment focus

• 12.8 InterGlobe Aviation Ltd. 
• Exhibit 128: InterGlobe Aviation Ltd. – Overview
• Exhibit 129: InterGlobe Aviation Ltd. – Product / Service
• Exhibit 130: InterGlobe Aviation Ltd. – Key news
• Exhibit 131: InterGlobe Aviation Ltd. – Key offerings

• 12.9 Jet2 Plc 
• Exhibit 132: Jet2 Plc – Overview
• Exhibit 133: Jet2 Plc – Product / Service
• Exhibit 134: Jet2 Plc – Key offerings

• 12.10 Lion Air 
• Exhibit 135: Lion Air – Overview
• Exhibit 136: Lion Air – Product / Service
• Exhibit 137: Lion Air – Key offerings

• 12.11 Norwegian Air Shuttle ASA 
• Exhibit 138: Norwegian Air Shuttle ASA – Overview
• Exhibit 139: Norwegian Air Shuttle ASA – Product / Service
• Exhibit 140: Norwegian Air Shuttle ASA – Key news
• Exhibit 141: Norwegian Air Shuttle ASA – Key offerings

• 12.12 Pegasus Air Transport Corp. 
• Exhibit 142: Pegasus Air Transport Corp. – Overview
• Exhibit 143: Pegasus Air Transport Corp. – Product / Service
• Exhibit 144: Pegasus Air Transport Corp. – Key offerings

• 12.13 Qantas Airways Ltd. 
• Exhibit 145: Qantas Airways Ltd. – Overview
• Exhibit 146: Qantas Airways Ltd. – Business segments
• Exhibit 147: Qantas Airways Ltd. – Key news
• Exhibit 148: Qantas Airways Ltd. – Key offerings
• Exhibit 149: Qantas Airways Ltd. – Segment focus

• 12.14 Ryanair DAC 
• Exhibit 150: Ryanair DAC – Overview
• Exhibit 151: Ryanair DAC – Product / Service
• Exhibit 152: Ryanair DAC – Key news
• Exhibit 153: Ryanair DAC – Key offerings

• 12.15 Singapore Airlines Ltd. 
• Exhibit 154: Singapore Airlines Ltd. – Overview
• Exhibit 155: Singapore Airlines Ltd. – Business segments
• Exhibit 156: Singapore Airlines Ltd. – Key news
• Exhibit 157: Singapore Airlines Ltd. – Key offerings
• Exhibit 158: Singapore Airlines Ltd. – Segment focus

• 12.16 Southwest Airlines Co. 
• Exhibit 159: Southwest Airlines Co. – Overview
• Exhibit 160: Southwest Airlines Co. – Product / Service
• Exhibit 161: Southwest Airlines Co. – Key news
• Exhibit 162: Southwest Airlines Co. – Key offerings

• 12.17 WestJet Airlines Ltd. 
• Exhibit 163: WestJet Airlines Ltd. – Overview
• Exhibit 164: WestJet Airlines Ltd. – Product / Service
• Exhibit 165: WestJet Airlines Ltd. – Key news
• Exhibit 166: WestJet Airlines Ltd. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

SOURCE Technavio

Go to Source