Market Research Report
Global Aviation Market 2020-2026
|Published by||Orion Market Research Pvt Ltd||Product code||949516|
Delivery time: 2-3 business days
|Global Aviation Market 2020-2026|
|Published: June 3, 2020||Content info:||
Global Aviation Market Size, Share & Trends Analysis Report, By Flight Type (International Flights and Domestic Flights), By Travel Class (First Class, Business Class, and Economy Class) and Forecast, 2020-2026
The aviation market is forecast to witness an exponential growth rate in the next couple of years after the COVID-19 pandemic. In 2020, due to the COVID-19 pandemic, the aviation market is expected to shrink up to a considerable level. However, with the decreasing effect of the COVID-19 pandemic, the aviation market is expected to regain its pace in the next couple of years. Rising disposable income of the people globally, the introduction of low-fare airlines, increasing global economic activities, are some of the major factors that will drive the aviation market.
The global aviation market is segmented based on flight type and travel class. By flight type, the market is bifurcated into international flights and domestic flights. Domestic flight segment is expected to show a major market growth rate during the forecast period as a decrease in international travel and tourism will be witnessed for a couple of years due to the COVID-19 pandemic. On the basis of travel class, the market is segmented into first class, business class, and economy class. The economy class will grow with a lucrative growth rate during the forecast period.
On the basis of region, the global aviation market is segmented into North America (the US, Canada), Europe (UK, Germany, France, Spain, Italy), Asia-Pacific (China, Japan, India), and the Rest of the World (RoW). In 2019, the US was the largest aviation global player followed by China, UK, Spain, and Japan respectively. Once the effect of the pandemic will decrease, similar trends are expected to continue for the next three to four years. As per IATA, China is expected to replace the US as the largest global aviation market in 2024, and India is projected to take over the UK for third place in the global aviation market by 2025.
The major players operating in the market include Air China Ltd., Air France-KLM S.A, American Airlines Group Inc., British Airways plc, China Eastern Airlines Corp. Ltd., China Southern Airlines Co., Ltd., Delta Air Lines, Inc., Deutsche Lufthansa AG, Japan Airlines Co., Ltd., Qatar Airways Group, The Emirates Group, and United Airlines, Inc. The market players are adopting growth strategies, including mergers & acquisitions, and partnerships & collaborations, reducing expenses to survive in the market.
The market study of the global aviation market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to breakdown the market in various segments to derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate which include top-to-down approach and bottom-up approach. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to amplify the added validity of our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: