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
  • Miami Swim Week 2024 Powered By Art Hearts Fashion
    Miami Swim Week 2024 Powered By Art Hearts Fashion World News
  • Technology Distributors WAV and MBSI WAV Announce Distribution Agreements With Siklu
    Technology Distributors WAV and MBSI WAV Announce Distribution Agreements With Siklu Business
  • Key Trends, Share, Growth Drivers, And Forecast 2025-2034
    Key Trends, Share, Growth Drivers, And Forecast 2025-2034 World News
  • Secretary Antony J. Blinken With Senator Dick Durbin After Visit to the Ukrainian Cultural Center
    Secretary Antony J. Blinken With Senator Dick Durbin After Visit to the Ukrainian Cultural Center World News
  • Forbes Names U.S. Department of State as One of America’s Best Large Employers 2023
    Forbes Names U.S. Department of State as One of America’s Best Large Employers 2023 World News
  • Chemical Computing Group and Discngine Join Forces
    Chemical Computing Group and Discngine Join Forces Business
  • Cell Surface Marker Market: Illuminating Pathways in Disease Research
    Cell Surface Marker Market: Illuminating Pathways in Disease Research Business
  • Tattoo Vanish Method Offers Natural Alternative to Laser Tattoo Removal with Fewer Treatments
    Tattoo Vanish Method Offers Natural Alternative to Laser Tattoo Removal with Fewer Treatments Business
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

  • How to Start a Profitable Golf Simulator Business: A Guide for Entrepreneurs
    How to Start a Profitable Golf Simulator Business: A Guide for Entrepreneurs Business
  • Cambridge Online Tutors is Leading the Way in Effective Online Tutoring for Student Success
    Cambridge Online Tutors is Leading the Way in Effective Online Tutoring for Student Success Business
  • Healthcare Interoperability Solutions Market Size 2021 : Surpass ,544.6 million by 2030
    Healthcare Interoperability Solutions Market Size 2021 : Surpass $21,544.6 million by 2030 Business
  • Madison Museum of Contemporary Art Presents DARK MATTER, an Exhibition Featuring Celebrated Works by British Artist Faisal Abdu’Allah
    Madison Museum of Contemporary Art Presents DARK MATTER, an Exhibition Featuring Celebrated Works by British Artist Faisal Abdu’Allah Business
  • 800.com Integrates PayPal Into Its Checkout Process
    800.com Integrates PayPal Into Its Checkout Process Business
  • Kidney Cancer Diagnostics and Therapeutics Market Set for Growth, Expected to Reach .19 Billion by 2028
    Kidney Cancer Diagnostics and Therapeutics Market Set for Growth, Expected to Reach $5.19 Billion by 2028 Business
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Otto Aviation Announces New Manufacturing Facility and Headquarters in Jacksonville, FloridaJuly 5, 2025
  • A Grassroots Leader with Ideology and StrategyJuly 5, 2025
  • Pulsar Fusion Confirms Expansion to U.S. with New Texas Office, Signs MOU with Thales Alenia Space, Unveils UK’s Largest Space Testing Facility, and Releases New Mission Video to TitanJuly 3, 2025
  • First National Capital Corporation Releases Groundbreaking Research on ERP Financing Trends & Benchmarks for 2025July 3, 2025
  • Global Leader VAC AERO Establishes First US Facility in Greenville, SCJuly 2, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Forbes Names U.S. Department of State as One of America’s Best Large Employers 2023
    Secretary Blinken’s Meeting with Italian Deputy Prime Minister and Foreign Minister Tajani World News
  • War Day 274: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin
    War Day 274: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • Isometric Technologies Announces 2nd Annual Excellence in Service Awards
    Isometric Technologies Announces 2nd Annual Excellence in Service Awards Business
  • Waggoner Diagnostics Supports FAA’s New Color Vision Testing Policy to Enhance Aviation Safety
    Waggoner Diagnostics Supports FAA’s New Color Vision Testing Policy to Enhance Aviation Safety Aviation
  • POW call gone wrong –  Volodymyr Zolkin
    POW call gone wrong – Volodymyr Zolkin World News
  • Vertical Harvest Farms is a 2023 Anthem Awards Winner
    Vertical Harvest Farms is a 2023 Anthem Awards Winner Business
  • Anjali Byce Achieves Amazon Best-Seller Status with ‘Unlocking Success’ Book Co-Authored with Jack Canfield
    Anjali Byce Achieves Amazon Best-Seller Status with ‘Unlocking Success’ Book Co-Authored with Jack Canfield Business
  • War Day 273: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 273: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin 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 .