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Global Low-Cost Carrier (Airline) Market Report 2020: Amid the COVID-19 Crisis, the Market is Projected to Reach a Revised Size of $254.1 Billion by 2027 - ResearchAndMarkets.com

·3-min read

The "Low-Cost Carrier - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Low-Cost Carrier Market to Reach US$254.1 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Low-Cost Carrier, estimated at US$156.2 Billion in the year 2020, is projected to reach a revised size of US$254.1 Billion by 2027, growing at a CAGR of 7.2% over the period 2020-2027.

The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 11.1% CAGR for the Period of 2020-2027

The Low-Cost Carrier market in the U.S. is estimated at US$45.1 Billion in the year 2020. The country currently accounts for a 28.87% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$48.8 Billion in the year 2027 trailing a CAGR of 11.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR while Rest of European market (as defined in the study) will reach US$48.8 Billion by the year 2027.

The 143-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • AirAsia Berhad

  • Cebu Pacific Air

  • Flydubai

  • GoAir

  • JetBlue Airways Corporation

  • Jetstar Airways Pty Ltd.

  • Lion Air

  • Norwegian Air Shuttle ASA

  • Pegasus Airlines

  • Royal Air Maroc

  • Southwest Airlines Co.

  • SpiceJet Ltd.

  • Thai AirAsia Company Limited (TAA)

  • Virgin Australia Airlines Pty Ltd.

  • WestJet

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Low-Cost Carrier Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • World Current & Future Analysis for Low-Cost Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2018 through 2027

  • World Historic Review for Low-Cost Carrier by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017

  • World 15-Year Perspective for Low-Cost Carrier by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2018 & 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures

  • Market Analytics

  • Current & Future Analysis for Low-Cost Carrier by Segment - Low Cost Carrier - Independent Analysis of Annual Sales in US$ Billion for the Years 2018 through 2027

  • Historic Review for Low-Cost Carrier by Segment - Low Cost Carrier Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2012 through 2017

IV. COMPETITION

  • Total Companies Profiled: 43

For more information about this report visit https://www.researchandmarkets.com/r/etblik

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005735/en/

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