Global Low Cost Airlines Market Size, Trends, and Growth Opportunity by Destination (Domestic and International), By Purpose (VFR, Business Travel, Leisure Travel, and Others), By Distribution Channel (Travel Agency, Online, and Others), By Region, and Forecast till 2027.
Global Low cost airlines market
The global low-cost airline market was valued at USD 10987.2 million in 2021 which is expected to reach USD 18,789 million by 2027 at a CAGR of 9.52% from 2022-2027.
Low-cost airlines, often known as passenger airlines, offer travel tickets at a lower cost than other airlines. It is also known as a "frills" airline, a "low-cost carrier," a "prizefighter," a "budget airline," or a bargain airline. The low-cost airline concept incorporates a simple pricing structure and a pricing strategy that covers both offline and online ticket booking.
Market Drivers
The primary driving factors that are projected to promote the global low cost airline market's growth include an increase in economic activity, ease of travel, lifestyle changes, urbanisation, and the travel and tourism industry. Furthermore, the rising purchasing power of middle-class consumers in developing regions will boost market growth. Furthermore, increased internet penetration combined with e-literacy is likely to fuel the low-cost airline industry's growth.
Market Restraints
However, volatile crude oil costs, rising terrorism and crime rates, and natural disasters are restricting factors that are likely to stymie global low-cost airless market growth.
Market Segmentation
Global Low Cost Airlines Market is segmented into destination such as Domestic, and International, by purpose such as VFR, Business Travel, Leisure Travel, and Others. Further, the market is segmented into distribution channel, such as travel agencies, online, and others.
Regional Analysis Also, the global market for low-cost airlines is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Market Key Players
Various key players are discussed in this report, such as Airasia Inc., Air Arabia PJSC, Ryanair Holdings plc, Azul Linhas Areas Brasileiras S.A., Indigo, LLC, WestJet Airlines Ltd., Jetstar Airways Pty Ltd., easyJet plc, Norwegian Air Shuttle AS, and Virgin America
Market Taxonomy
By Destination
- Domestic
- International
- VFR
- Business Travel
- Leisure Travel
- Others
- Travel agency
- Online
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction Global Low cost Airlines Market TOC
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Low cost Airlines Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Low cost Airlines Market, By Destination
- 5.1 Y-o-Y Growth Comparison, By Destination
- 5.2 Global Low cost Airlines Market Share Analysis, By Destination
- 5.3 Global Low cost Airlines Market Size and Forecast, By Destination
- 5.3.1 Domestic
- 5.3.2International
- 6 Global Low cost Airlines Market, By Purpose
- 6.1 Y-o-Y Growth Comparison, By Purpose
- 6.2 Global Low cost Airlines Market Share Analysis, By Purpose
- 6.3 Global Low cost Airlines Market Size and Forecast, By Purpose
- 6.3.1 VFR
- 6.3.2 Business Travel
- 6.3.3Leisure Travel
- 6.3.4others
- 7 Global Low cost Airlines Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Low cost Airlines Market Share Analysis, By Distribution Channel
- 7.3 Global Low cost Airlines Market Size and Forecast, By Distribution Channel
- 7.3.1 Travel Agency
- 7.3.2 Online
- 7.3.3 Others
- 8Global Low cost Airlines Market, By Region
- 8.1 Global Low cost Airlines Market Share Analysis, By Region
- 8.2 Global Low cost Airlines Market Share Analysis, By Region
- 8.3 Global Low cost Airlines Market Size and Forecast, By Region
- 9 North America Low cost Airlines Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Low cost Airlines Market Share Analysis, By Destination
- 9.3 North America Low cost Airlines Market Size and Forecast, By Purpose
- 9.4 North America Low cost Airlines Market Size and Forecast, By Distribution Channel
- 9.5 North America Low cost Airlines Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Low cost Airlines Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Low cost Airlines Market Share Analysis, By Destination
- 10.3 Europe Low cost Airlines Market Size and Forecast, By Purpose
- 10.4 Europe Low cost Airlines Market Size and Forecast, By Distribution Channel
- 10.5 Europe Low cost Airlines Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Low cost Airlines Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Low cost Airlines Market Share Analysis, By Destination
- 11.3 Asia Pacific Low cost Airlines Market Size and Forecast, By Purpose
- 11.4 Asia Pacific Low cost Airlines Market Size and Forecast, By Distribution Channel
- 11.5 Asia Pacific Low cost Airlines Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Low cost Airlines Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Low cost Airlines Market Share Analysis, By Destination
- 12.3 Latin America Low cost Airlines Market Size and Forecast, By Purpose
- 12.4 Latin America Low cost Airlines Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Low cost Airlines Market Size and Forecast, Country
- 13Middle East Low cost Airlines Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Low cost Airlines Market Share Analysis, By Destination
- 13.3 Middle East Low cost Airlines Market Size and Forecast, By Purpose
- 13.4 Middle East Low cost Airlines Market Size and Forecast, By Distribution Channel
- 13.5 Middle East Low cost Airlines Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Airasia Inc
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Air Arabia PJSC
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Ryanair Holdings plc
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Azul Linhas Areas Brasileiras S.A
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Indigo, LLC
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 WestJet Airlines Ltd
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Jetstar Airways Pty Ltd
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 easyJet plc
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Norwegian Air Shuttle As
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Virgin America
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Low cost Airlines Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Low cost Airlines Market, By Destination
- 5.1 Y-o-Y Growth Comparison, By Destination
- 5.2 Global Low cost Airlines Market Share Analysis, By Destination
- 5.3 Global Low cost Airlines Market Size and Forecast, By Destination
- 5.3.1 Domestic
- 5.3.2International
- 6 Global Low cost Airlines Market, By Purpose
- 6.1 Y-o-Y Growth Comparison, By Purpose
- 6.2 Global Low cost Airlines Market Share Analysis, By Purpose
- 6.3 Global Low cost Airlines Market Size and Forecast, By Purpose
- 6.3.1 VFR
- 6.3.2 Business Travel
- 6.3.3Leisure Travel
- 6.3.4others
- 7 Global Low cost Airlines Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Low cost Airlines Market Share Analysis, By Distribution Channel
- 7.3 Global Low cost Airlines Market Size and Forecast, By Distribution Channel
- 7.3.1 Travel Agency
- 7.3.2 Online
- 7.3.3 Others
- 8Global Low cost Airlines Market, By Region
- 8.1 Global Low cost Airlines Market Share Analysis, By Region
- 8.2 Global Low cost Airlines Market Share Analysis, By Region
- 8.3 Global Low cost Airlines Market Size and Forecast, By Region
- 9 North America Low cost Airlines Market Analysis and Forecast (2017 – 2027)
- 9.1 Introduction
- 9.2 North America Low cost Airlines Market Share Analysis, By Destination
- 9.3 North America Low cost Airlines Market Size and Forecast, By Purpose
- 9.4 North America Low cost Airlines Market Size and Forecast, By Distribution Channel
- 9.5 North America Low cost Airlines Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Low cost Airlines Market Analysis and Forecast (2017 – 2027)
- 10.1 Introduction
- 10.2 Europe Low cost Airlines Market Share Analysis, By Destination
- 10.3 Europe Low cost Airlines Market Size and Forecast, By Purpose
- 10.4 Europe Low cost Airlines Market Size and Forecast, By Distribution Channel
- 10.5 Europe Low cost Airlines Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Low cost Airlines Market Analysis and Forecast (2017 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Low cost Airlines Market Share Analysis, By Destination
- 11.3 Asia Pacific Low cost Airlines Market Size and Forecast, By Purpose
- 11.4 Asia Pacific Low cost Airlines Market Size and Forecast, By Distribution Channel
- 11.5 Asia Pacific Low cost Airlines Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Low cost Airlines Market Analysis and Forecast (2017 – 2027)
- 12.1 Introduction
- 12.2 Latin America Low cost Airlines Market Share Analysis, By Destination
- 12.3 Latin America Low cost Airlines Market Size and Forecast, By Purpose
- 12.4 Latin America Low cost Airlines Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Low cost Airlines Market Size and Forecast, Country
- 13Middle East Low cost Airlines Market Analysis and Forecast (2017 – 2027)
- 13.1 Introduction
- 13.2 Middle East Low cost Airlines Market Share Analysis, By Destination
- 13.3 Middle East Low cost Airlines Market Size and Forecast, By Purpose
- 13.4 Middle East Low cost Airlines Market Size and Forecast, By Distribution Channel
- 13.5 Middle East Low cost Airlines Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Airasia Inc
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Air Arabia PJSC
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Ryanair Holdings plc
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Azul Linhas Areas Brasileiras S.A
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Indigo, LLC
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 WestJet Airlines Ltd
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Jetstar Airways Pty Ltd
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 easyJet plc
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Norwegian Air Shuttle As
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Virgin America
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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