Aircraft Leasing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Aircraft Leasing Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Aircraft Leasing Market

The global aircraft leasing market size was valued at USD 167.5 billion in 2022. The market is projected to grow from USD 172.9 billion in 2023 to USD 317.5 billion by 2030, exhibiting a CAGR of 9.07% during the forecast period from 2023 to 2030.

COVID-19 affected the aircraft leasing market. Airlines struggled financially, asking to delay bills for leased planes. Instead of taking planes back, leasing agencies selected to work with suffering airlines. Government resource to airlines and precise budget of leasing organizations helped prevent many airlines from going out of commercial enterprise.

A key using aspect is the increasing fleets of low-price providers global. These airlines prefer leasing plane to reduce renovation charges, and as passenger air traffic grows, they join more rural and urban regions, fueling aircraft leasing market growth.

A outstanding market trend is fleet modernization with NextGen planes and green initiatives through key gamers inside the plane leasing industry. These efforts intention to reduce carbon emissions, with primary stakeholders prioritizing environmentally pleasant practices like using sustainable aviation gasoline (SAF) as its availability grows and prices decline.

Comprehensive Analysis of Aircraft Leasing Market

Segmentation in the Aircraft Leasing market shareallows the companies to target precise customers with tailored offerings and solutions. The aircraft leasing market is categorized by the types of planes and leasing arrangements available. There are different types of aircraft, such as narrow-body, wide-body, and regional aircraft, each serving various purposes and sizes. Lease options include wet lease, where the plane comes with crew and maintenance, dry lease, which involves leasing just the aircraft, and damp lease, a combination of both crew and aircraft. This segmentation helps tailor leasing solutions to the specific needs of airlines and other users.

Europe leads the aircraft leasing market due to the presence of major player Aercap, holding over 50% of leased aircraft. Ireland's favorable tax policies and business environment attract many lessors, while the rise of low-cost carriers boosts demand, promising continued growth.

Key players impact market size by investing in innovative systems, forming partnerships, and expanding product offerings. Through strategic acquisitions and collaborations, they enhance operations, scale sales, and broaden customer reach. The major players in the aircraft leasing industry include AerCap (Ireland), Avolon (Ireland), BBAM (U.S.), Nordic Aviation Capital (Ireland), SMBC Aviation Capital (Ireland), ICBC Leasing (China), BOC Aviation (Singapore), Air Lease Corporation (U.S.), DAE Capital (UAE), and Boeing Capital Corporation (U.S.).

In December 2022, SMBC Aviation Capital completed the acquisition of Goshawk Management Ltd, a Dublin-based totally aircraft lessor. This move solidified SMBC's role as the second one-largest worldwide player by using aircraft count and the most important Japanese-owned lessor. The acquisition marks considerable increase and consolidation within the aircraft leasing industry.

Segmentation Table

Global Aircraft Leasing Market Scope

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 9.07% from 2023-2030

Unit Value (USD Billion)

Segmentation By Aircraft Type, Lease Type, and Geography

By Aircraft Type

- Narrow Body

- Wide Body

- Regional Aircraft

By Lease Type

- Wet Lease

- Dry Lease

- Damp Lease

By Geography

- North America (By Aircraft Type, Lease Type, and Country)

U.S. (By Aircraft Type)

Canada (By Aircraft Type)

- Europe (By Aircraft Type, Lease Type, and Country)

U.K. (By Aircraft Type)

Germany (By Aircraft Type)

France (By Aircraft Type)

Ireland (By Aircraft Type)

Russia (By Aircraft Type)

Rest of Europe (By Aircraft Type)

- Asia Pacific (By Aircraft Type, Lease Type, and Country)

China (By Aircraft Type)

India (By Aircraft Type)

Japan (By Aircraft Type)

Australia (By Aircraft Type)

Rest of Asia Pacific (By Aircraft Type)

- Rest of the World (By Aircraft Type, Lease Type, and Country)

Latin America (By Aircraft Type)

Middle East & Africa (By Aircraft Type)


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