What is Low Cost Airlines Market?
Low-Cost airlines are those types of airlines which offer low prices of traveling service tickets. It is also known as budget carrier airline, low-cost carriers, discount airlines, no-frills airlines, and prizefightesrs. Low-cost airlines have increased globally in the last few years, due to the rise in economic activity and changing lifestyle. Hence, it will affect the growth of the low-cost airlines market in future.
The market study is being classified and major geographies with country level break-up.
Philippines AirAsia, Inc. (Philippines), Virgin America Inc. (United States), Norwegian Air Shuttle ASA (Norway), EasyJet Airline Company Limited (United Kingdom), Jetstar Airways Pty Ltd. (Australia), WestJet Airlines Ltd. (Canada), Indigo, LLC (United States), Azul Linhas Areas Brasileiras S.A. (Brazil) and Ryanair Holdings plc (Ireland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Air Arabia PJSC. (United Arab Emirates), Zoom Airlines (Canada), Southwest Airlines (United States) and Go Airlines (India).
The low-cost airlines market appears to be highly fragmented and with the presence of several companies including Virgin America Inc. (United States), EasyJet Airline Company Limited (United Kingdom), Jetstar Airways Pty Ltd. (Australia), among others. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Low Cost Airlines market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Low Cost Airlines market by Type, Application and Region.
On the basis of geography, the market of Low Cost Airlines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Economic Activity, Ease of Travel as well as the Travel & Tourism industry worldwide
- Changes in lifestyle and Consumers Preference towards Low-Cost Service with non-stop
- Increasing Penetration Online Sale Aids in the Development of Low-Cost Model of LCC
Market Trend
- Rising Demand of Low-Cost Airlines from Middle-Class Families
Restraints
- Major Concern Related to Volatile Crude Oil Price and Increase in Terrorism & Crime Rate, Political Uncertainty, & Natural Calamities Globally
Opportunities
- Rising Demand from Emerging Economics Countries Such as China, India, Brazil and others
Challenges
- Problem related to High Investment & Operational Cost but Low Profitability
Low-Cost Airlines are changing the face of air travel for long-haul routes. For instance, the Boeing B787 Dreamliner and Airbus A350 are offering low-cost process for long-haul routes
Key Target Audience
Airlines Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others