Global Aircraft Leasing Market Size study & Forecast, by Aircraft Type (Narrow Body, Wide Body, Regional Aircraft) by Lease Type (Wet Lease, Dry Lease, Damp Lease) and Regional Forecasts 2025-2035

Description

The Global Aircraft Leasing Market is valued at approximately USD 172.88 billion in 2024 and is anticipated to expand at a robust CAGR of 11.10% during the forecast period 2025-2035. Aircraft leasing has emerged as a critical business model in aviation, enabling airlines to optimize fleet management, reduce upfront capital expenditure, and maintain operational flexibility. Leasing encompasses multiple arrangements, including wet, dry, and damp leases, allowing operators to access aircraft with varying degrees of crew, maintenance, and insurance provisions. Market growth is fueled by the increasing demand for air travel, rising airline network expansions, and the necessity to modernize aging fleets with fuel-efficient and next-generation aircraft.

Post-pandemic recovery in air travel has accelerated the demand for leased aircraft, as airlines seek to meet fluctuating passenger loads while mitigating financial risks. Narrow-body and wide-body aircraft remain the cornerstone of fleet strategies, while regional aircraft are increasingly favored for point-to-point connectivity and feeder routes. According to recent IATA reports, global passenger traffic is expected to return to pre-pandemic levels by 2025, driving leasing activity substantially. Technological advancements in aircraft efficiency, the shift towards environmentally sustainable fleets, and the cost-effectiveness of leasing models present compelling growth opportunities. However, volatility in fuel prices, geopolitical uncertainties, and regulatory frameworks continue to pose challenges throughout the forecast period of 2025-2035.

The detailed segments and sub-segments included in the report are:

By Aircraft Type:

Narrow Body
Wide Body
Regional Aircraft

By Lease Type:

Wet Lease
Dry Lease
Damp Lease

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Narrow-Body Aircraft Expected to Dominate the Market

Among aircraft types, narrow-body aircraft are projected to dominate the market, representing the majority of leased fleet units. Their cost-efficiency, operational flexibility, and suitability for short- and medium-haul routes make them highly attractive for airlines expanding regional and domestic networks. Meanwhile, wide-body aircraft are gaining prominence in long-haul operations due to rising passenger demand and the need for fleet modernization. Regional aircraft, though smaller in number, are expected to witness rapid adoption in emerging markets where connectivity between secondary cities is a priority. In essence, narrow-body aircraft lead in unit deployment, while wide-body and regional aircraft provide avenues for strategic growth.

Dry Lease Leads in Revenue Contribution

When segmented by lease type, dry leases currently generate the highest revenue, driven by airlines' preference for operational independence and long-term fleet planning. Wet leases, which include crew, maintenance, and insurance, are pivotal during seasonal demand surges and market entry phases. Damp leases offer a hybrid solution, providing partial services along with aircraft. This reflects a nuanced revenue landscape: dry leases dominate financially due to their scale and adoption in large airline operations, while wet and damp leases grow steadily as airlines seek flexible and risk-mitigated operational solutions.

North America emerged as the leading region in 2025, benefiting from a mature aviation ecosystem, high air passenger traffic, and extensive airline leasing networks. Europe maintains a steady share, driven by airline collaborations, fleet modernization initiatives, and supportive financial frameworks. Asia Pacific is poised to be the fastest-growing region during the forecast period, underpinned by increasing air travel demand, low-cost carrier expansions, and the introduction of modern, fuel-efficient aircraft. Latin America and the Middle East & Africa are gradually increasing their leasing activities, leveraging partnerships with global lessors to modernize fleets and optimize operations efficiently.

Major market players included in this report are:

AerCap Holdings N.V.
Air Lease Corporation
Avolon Holdings Limited
BOC Aviation Limited
SMBC Aviation Capital
GECAS (GE Capital Aviation Services)
Aviation Capital Group
ICBC Leasing
Dubai Aerospace Enterprise
China Aircraft Leasing Group
BBAM LLC
Nordic Aviation Capital
Orix Aviation Systems
Willis Lease Finance Corporation
Macquarie AirFinance

Global Aircraft Leasing Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained above:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Aircraft Leasing Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Aircraft Leasing Market Forces Analysis

3.1. Market Forces Shaping The Global Aircraft Leasing Market (2024-2035)
3.2. Drivers
- 3.2.1. increasing demand for air travel
- 3.2.2. rising airline network expansions
3.3. Restraints
- 3.3.1. volatility in fuel prices
3.4. Opportunities
- 3.4.1. necessity to modernize aging fleets with fuel-efficient and next-generation aircraft

Chapter 4. Global Aircraft Leasing Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Aircraft Leasing Market Size & Forecasts by Aircraft Type 2025-2035

5.1. Market Overview
5.2. Global Aircraft Leasing Market Performance - Potential Analysis (2025)
5.3. Narrow Body
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Wide Body
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Regional Aircraft
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Aircraft Leasing Market Size & Forecasts by Lease Type 2025-2035

6.1. Market Overview
6.2. Global Aircraft Leasing Market Performance - Potential Analysis (2025)
6.3. Wet Lease
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Dry Lease
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Damp Lease
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Aircraft Leasing Market Size & Forecasts by Region 2025-2035

7.1. Growth Aircraft Leasing Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Aircraft Leasing Market
- 7.3.1. U.S. Aircraft Leasing Market
  - 7.3.1.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.3.1.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Aircraft Leasing Market
  - 7.3.2.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.3.2.2. Lease Type breakdown size & forecasts, 2025-2035
7.4. Europe Aircraft Leasing Market
- 7.4.1. UK Aircraft Leasing Market
  - 7.4.1.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.4.1.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Aircraft Leasing Market
  - 7.4.2.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.4.2.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.4.3. France Aircraft Leasing Market
  - 7.4.3.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.4.3.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Aircraft Leasing Market
  - 7.4.4.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.4.4.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Aircraft Leasing Market
  - 7.4.5.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.4.5.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Aircraft Leasing Market
  - 7.4.6.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.4.6.2. Lease Type breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Aircraft Leasing Market
- 7.5.1. China Aircraft Leasing Market
  - 7.5.1.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.5.1.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.5.2. India Aircraft Leasing Market
  - 7.5.2.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.5.2.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Aircraft Leasing Market
  - 7.5.3.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.5.3.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Aircraft Leasing Market
  - 7.5.4.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.5.4.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Aircraft Leasing Market
  - 7.5.5.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.5.5.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of APAC Aircraft Leasing Market
  - 7.5.6.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.5.6.2. Lease Type breakdown size & forecasts, 2025-2035
7.6. Latin America Aircraft Leasing Market
- 7.6.1. Brazil Aircraft Leasing Market
  - 7.6.1.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.6.1.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Aircraft Leasing Market
  - 7.6.2.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.6.2.2. Lease Type breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Aircraft Leasing Market
- 7.7.1. UAE Aircraft Leasing Market
  - 7.7.1.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.7.1.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Aircraft Leasing Market
  - 7.7.2.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.7.2.2. Lease Type breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Aircraft Leasing Market
  - 7.7.3.1. Aircraft Type breakdown size & forecasts, 2025-2035
  - 7.7.3.2. Lease Type breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. AerCap Holdings N.V.
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. Air Lease Corporation
8.4. Avolon Holdings Limited
8.5. BOC Aviation Limited
8.6. SMBC Aviation Capital
8.7. GECAS (GE Capital Aviation Services)
8.8. Aviation Capital Group
8.9. ICBC Leasing
8.10. Dubai Aerospace Enterprise
8.11. China Aircraft Leasing Group
8.12. BBAM LLC
8.13. Nordic Aviation Capital
8.14. Orix Aviation Systems
8.15. Willis Lease Finance Corporation
8.16. Macquarie AirFinance