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
  • Hive & Colony Opens Store in Dallas Northpark Center
    Hive & Colony Opens Store in Dallas Northpark Center Business
  • Drummond Certifies 14 AS2 B2B Solutions in Fourth Quarter 2023
    Drummond Certifies 14 AS2 B2B Solutions in Fourth Quarter 2023 Business
  • FAA Refers More Unruly Passenger Cases to FBI
    FAA Refers More Unruly Passenger Cases to FBI Aviation
  • War Day 185: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 185: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Report: 50% of Amazon Sellers Will Expand to New E-Commerce Platforms and Global Markets in 2023
    Report: 50% of Amazon Sellers Will Expand to New E-Commerce Platforms and Global Markets in 2023 Business
  • New Smyrna Beach Witnessing a Surge in High-End Luxury Development
    New Smyrna Beach Witnessing a Surge in High-End Luxury Development Business
  • Day 287 – Latynina.tv – Alexey Arestovych
    Day 287 – Latynina.tv – Alexey Arestovych World News
  • Gossip Stone TV – Get Ready to See How the Other Half Lives!
    Gossip Stone TV – Get Ready to See How the Other Half Lives! Tech
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

  • David Mark Named Chief Legal Officer and Head of Regulatory Compliance of LendKey
    David Mark Named Chief Legal Officer and Head of Regulatory Compliance of LendKey Business
  • ADHD Online Executives Will Be Featured in Panels at SXSW
    ADHD Online Executives Will Be Featured in Panels at SXSW Business
  • Platform01 Consulting Joins NVIDIA’s Inception Program, Unlocking a Suite of Advantages for AI & Technology Consulting
    Platform01 Consulting Joins NVIDIA’s Inception Program, Unlocking a Suite of Advantages for AI & Technology Consulting Business
  • CommercialLEDLights.com Now Offers Crane Warning Lasers
    CommercialLEDLights.com Now Offers Crane Warning Lasers Business
  • Open English Expands Board with Industry Innovators from Google, Twilio and AppLovin
    Open English Expands Board with Industry Innovators from Google, Twilio and AppLovin Business
  • SynQor® Releases a Military Grade Non-Isolated 3-Phase Power Factor Correction Module (MPFC-440-3PH-400-LE)
    SynQor® Releases a Military Grade Non-Isolated 3-Phase Power Factor Correction Module (MPFC-440-3PH-400-LE) 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

  • International Solar Alliance to Host Sixth Regional Committee Meeting for Europe & Others Region in BrusselsJune 24, 2025
  • FinlyWealth Revolutionizes Credit Card Comparison in Canada with Data-Driven, Personalized ToolJune 24, 2025
  • International Coalition Delivers Capacity, Integration, and Hardware for Payloads on Transporter-14 Mission with SpaceXJune 24, 2025
  • Market Share, Segments, and Emerging TrendsJune 23, 2025
  • IMPORTANT NOTICE TO ARMADA WASTE MANAGEMENT/GPB WASTE MANAGEMENT INVESTORS WHO SUFFERED LOSSESJune 23, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • War in Ukraine, Analytics. Day 1076: What Would be the Worst Scenario for Ukraine? Arestovych
    War in Ukraine, Analytics. Day 1076: What Would be the Worst Scenario for Ukraine? Arestovych World News
  • War in Ukraine. Analytics. Day 705 pt2: What Would a Replacement of Commander-In-Chief Indicate?
    War in Ukraine. Analytics. Day 705 pt2: What Would a Replacement of Commander-In-Chief Indicate? World News
  • Baidu Netdisk by Beijing Duyou Technology Limited Wins Bronze in A’ Mobile Technology Awards
    Baidu Netdisk by Beijing Duyou Technology Limited Wins Bronze in A’ Mobile Technology Awards World News
  • New Creatopy Case Study Reveals YouTube Shorts as Best Performing Vertical Advertising Platform
    New Creatopy Case Study Reveals YouTube Shorts as Best Performing Vertical Advertising Platform Business
  • Secretary Blinken’s Meeting with Egyptian President El-Sisi
    Secretary Blinken’s Meeting with Egyptian President El-Sisi World News
  • Purlin Raises Seed Preferred Equity Round to Support Growth of Business
    Purlin Raises Seed Preferred Equity Round to Support Growth of Business Business
  • Day 147 – Latynina.tv – Alexey Arestovych
    Day 147 – Latynina.tv – Alexey Arestovych World News
  • Voice User Interface Market Size, Share And Growth Analysis For 2024-2033
    Voice User Interface Market Size, Share And Growth Analysis For 2024-2033 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 .