Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • SportGait New Version 2.0 Connects Athletes and Patients Remotely With Healthcare Providers
    SportGait New Version 2.0 Connects Athletes and Patients Remotely With Healthcare Providers Business
  • New Innovative solution mitigates ocean acidification, converts CO2 into vital nutrients and ensures sustainability
    New Innovative solution mitigates ocean acidification, converts CO2 into vital nutrients and ensures sustainability Business
  • ARCCAPTAIN Releases the Best 200Amps MIG Welder MIG200 in 2022
    ARCCAPTAIN Releases the Best 200Amps MIG Welder MIG200 in 2022 Business
  • Tom Lee from Fundstrat shares his thoughts on CNBC Overtime.
    Tom Lee from Fundstrat shares his thoughts on CNBC Overtime. World News
  • DHS Expands Abraham Accords to Cybersecurity
    DHS Expands Abraham Accords to Cybersecurity World News
  • 2023 Altimetry System Error Workshop
    2023 Altimetry System Error Workshop Aviation
  • Schools Nationwide Receive .5 Million in FAA Grants to Develop the Next Generation of Aviation Professionals
    Schools Nationwide Receive $13.5 Million in FAA Grants to Develop the Next Generation of Aviation Professionals Aviation
  • Big Weeks Ahead for Bitcoin
    Big Weeks Ahead for Bitcoin World News
Low-Cost Airlines Market CAGR to be at 10.4% | 0.46 billion Industry Revenue by 2030

Low-Cost Airlines Market CAGR to be at 10.4% | $440.46 billion Industry Revenue by 2030

Posted on March 1, 2024 By NewsEditor

Low-Cost Airlines Market CAGR to be at 10.4% | 0.46 billion Industry Revenue by 2030

Low Cost Airlines Market Size, Trends

On the basis of purpose, the business travel segment is projected to witness the highest CAGR of 12.5%, in revenue terms, during the forecast period.

WILMINGTON, DELAWARE, UNITED STATES, February 29, 2024 /EINPresswire.com/ — The low cost airlines market was valued at $155.02 billion in 2016, and is estimated to reach $440.46 billion by 2030, growing at a CAGR of 10.4% from 2022 to 2030.

Request The Sample PDF of This Report: @ https://www.alliedmarketresearch.com/request-sample/4562

The domestic segment was the highest revenue contributor to the market, with $88,286.0 million in 2021, and is estimated to reach $310,556.3 million by 2030, with a CAGR of 10.2%. low-cost airlines airline is a passenger airline, which offers travelling service at relatively cheaper rate compared to other airlines (full service or traditional airline). Rise in economic activities, ease of travel, expansion of the travel & tourism industry, rapid urbanization, changes in lifestyle, consumers’ preference for low-cost service along with non-stops, and frequent service act as the key driving forces of the global low-cost airlines market. In addition, increase in purchasing power of middle-class households, especially in developing regions, and high internet penetration coupled with e-literacy foster the Low Cost Airlines Market growth.

However, factors such as volatile crude oil price and increase in terrorism & crime rate, political uncertainty, & natural calamities hinder the market growth. Furthermore, increase in cases of COVID-19 and high investment & operational cost but low profitability act as the key deterrent factors of the low-cost airlines industry. On the contrary, sustainable airport governance and operational & financial improvements are anticipated to open new avenues for the growth of the global low-cost airlines market during the forecast period. The global low-cost airlines market is segmented into purpose, destination, distribution channel, and region. By purpose, the Low Cost Airlines Industry is fragmented into leisure travel, visiting friends & relatives (VFR), and business travel. On the basis of destination, it is bifurcated into domestic and international. Depending on distribution channel, it is divided into online and travel agency. The Low Cost Airlines 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 Asia-Pacific), and LAMEA (Latin America, Africa, and Middle East).

Major Key Players:

The key players low-cost airlines profiled in the report are 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.

Procure Complete Report (233 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/97645ec1edbdaf78f2521302c60ef03b

Depending on purpose, the leisure travel segment was the largest segment accounting for majority of the share in 2021, and is expected to continue the same Low Cost Airlines Market Trends throughout the forecast period. On the contrary, the business travel segment is projected to experience the highest growth rate throughout the Low Cost Airlines Market Forecast period. By distribution channel, the online segment was the largest segment accounting for majority of the share in 2021, and is expected to continue the same trend throughout the forecast period. The online segment is expected to register the highest CAGR of 10.6% through 2022–2030. On the basis of destination, the domestic segment was the largest segment in 2021, and is expected to garner significant growth rate throughout the forecast period.

Low Cost Airlines Market Analysis revealed that, the international segment registers the fastest growth, and is expected to gain significant share during the forecast period. Key players in the low-cost airlines market have relied on strategies such as product launch and business expansion to expand their Low Cost Airlines Market Share and to stay relevant in the global Low Cost Airlines Market Size.

Key findings of the study:

On the basis of purpose, the business travel segment is projected to witness the highest CAGR of 12.5%, in revenue terms, during the forecast period.

Depending on distribution channel, the online segment is expected to dominate the market from 2022 to 2030.

The international segment is expected to grow at a significant CAGR during the forecast period.

U.S. was the largest country, in terms of revenue generation, low-cost airlines in 2021.

Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 12.0% from 2022 to 2030.

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/4562

Reasons to Buy this Low Cost Airlines Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

Similar Reports:

Business Travel Market

Personalized Travel and Experiences Market

Luxury Travel Market https://www.alliedmarketresearch.com/luxury-travel-market

Travel Accommodation Market https://www.alliedmarketresearch.com/travel-accommodation-market

Sports Tourism Market https://alliedmarketresearch.com/sports-tourism-market-A13076

Related Article

https://www.globenewswire.com/en/news-release/2022/09/06/2509972/0/en/Global-Low-Cost-Airlines-Market-Is-Expected-to-Generate-440-46-Billion-by-2030-Allied-Market-Research.html

David Correa
Allied Market Research
+1 5038946022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

You just read:

News Provided By

February 29, 2024, 16:53 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.



Article originally published on www.einpresswire.com as Low-Cost Airlines Market CAGR to be at 10.4% | $440.46 billion Industry Revenue by 2030

Business

Post navigation

Previous Post: Day 467: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
Next Post: Silver Spring Township Authority Renews Contract for EBS-Di Technology for Continued Wastewater Treatment Enhancement

Related Posts

  • With a Two-Year Revenue Growth of 813%, Aloware Ranks No. 25 on Inc. Magazine’s List of the Pacific Region’s Fastest-Growing Private Companies
    With a Two-Year Revenue Growth of 813%, Aloware Ranks No. 25 on Inc. Magazine’s List of the Pacific Region’s Fastest-Growing Private Companies Business
  • The Lifetime Value Company Selected as Best Tech Work Culture in New York Timmy Awards
    The Lifetime Value Company Selected as Best Tech Work Culture in New York Timmy Awards Business
  • New Innovative solution mitigates ocean acidification, converts CO2 into vital nutrients and ensures sustainability
    New Innovative solution mitigates ocean acidification, converts CO2 into vital nutrients and ensures sustainability Business
  • Kaishan USA Launches New Industrial Vacuum Pump
    Kaishan USA Launches New Industrial Vacuum Pump Business
  • Why You Should Invest In This Market ?
    Why You Should Invest In This Market ? Business
  • Marketing Wonder Launches to Provide Small Businesses with Big Firm Marketing Strategies
    Marketing Wonder Launches to Provide Small Businesses with Big Firm Marketing Strategies Business
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Smith Earns ISO/IEC 17025 AS6171 Accreditation at Its Global Operational HubsJune 3, 2025
  • Trends, Growth, and Insights Through 2034June 3, 2025
  • Payroll Service Companies Drive Efficiency and Compliance for Texas SMBsJune 3, 2025
  • Forward Edge-AI wins patent for blockchain-secure, quantum-proof ML updates—a leap for trusted AI governance.June 2, 2025
  • Mainstreaming Women’s Health in Congress with the First-Ever Women’s Health Capitol Hill DayJune 2, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • War Day 260: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin
    War Day 260: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • Assistant Secretary Satterfield Travels March 13-17 to Johannesburg and Cape Town, South Africa
    Assistant Secretary Satterfield Travels March 13-17 to Johannesburg and Cape Town, South Africa World News
  • SPA Announces Major AUKUS Contract Award
    SPA Announces Major AUKUS Contract Award World News
  • Trump Endorsed by National Veterans Group for 2024 Presidential Run
    Trump Endorsed by National Veterans Group for 2024 Presidential Run World News
  • War Day 261: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin
    War Day 261: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • War Day 276: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 276: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Assured Positioning, Navigation, And Timing (PNT) Market Growth Analysis With investment opportunities
    Assured Positioning, Navigation, And Timing (PNT) Market Growth Analysis With investment opportunities World News
  • Special Presidential Advisor for the Americas Dodd’s Travel to Panama and Honduras
    Special Presidential Advisor for the Americas Dodd’s Travel to Panama and Honduras World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .