Aircraft Engine Leasing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

Aircraft Engine Leasing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

The global aircraft engine leasing market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. The market is driven by the factors such as the flourishing aviation industry, especially in the developing economies, advancements in aircraft engine technology, and the growing number of market players providing advanced engines at cost-effective rates. Also, the developing travel & tourism industry and the expansion of the commercial aircraft industry are further expected to fuel the demand for the global aircraft engine leasing market over the forecast period.

Flourishing Aviation Industry Accelerates the Market Demand

The aviation industry is a key contributor to increasing many countries' economies. It is witnessing growth at a rapid rate owing to the surge in the disposable income of middle-class families and the booming tourism industry across the globe. Aircraft offers several advantages over other means of transport as they can cover large distances in a short time. Moreover, the emergence of new airline operators offering air tickets at affordable rates and the availability of tickets on online channels further accelerates the aircraft demand worldwide.

Also, the development of the tourism industry is attracting tourists to visit famous tourist destinations across the globe. Some market trends driving the tourism industry are cultural tourism, sports and adventure holidays, spiritualism, wellness and health holidays, and neighboring country tourism, amongst others. People also prefer to travel via modes to visit several destinations in their limited holidays. Therefore, the growth of the tourism industry and the shift in preference of consumers to travel via air modes are expected to act as a positive factor for the global aircraft engine leasing market in the forecast period.

Advancements in Aircraft Engine Technology Supports the High Market Demand

At present, aircraft engines with higher fuel efficiency, smaller size, and lightweight are in demand worldwide. The need to reduce the carbon footprint is making the market players develop advanced aircraft engine types such as hybrid or electric engines, which is expected to boost the sales of advanced aircraft engines. Several aircraft manufacturers have started to focus on developing lightweight aircraft engines to lower the weight and increase the efficiency of aircraft. Also, the use of lightweight materials such as carbon fiber, reinforced plastic, and other composite materials for the development of aircraft engine are expected to accelerate the demand for novel aircraft engines.

Aircraft engine leasing service providers are providing advanced engines at comparatively lower prices than buying new aircraft engines. The leasing option saves the aircraft companies from making heavy investments in the purchase of aircraft and for its maintenance purposes. They can also upgrade to advanced solutions easily by changing their plans. The growing aircraft industry is expected to fuel the global aircraft engine market growth in the forecast period.

Market Segmentation

The global aircraft engine leasing market is segmented by engine type, leasing period, aircraft type, application, regional distribution, and competitive landscape. Based on the engine type, the market is divided into turboprop, turbofan, turboshaft, and piston. Based on leasing period, the market is divided into less than 5 years, 5 to 10 years, more than 10 years. Based on aircraft type, the market is divided into narrow body aircrafts, wide body aircrafts, regional aircrafts, business aircrafts, rotorcrafts, and fighter aircrafts. Based on application, the market is bifurcated into commercial and military. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European & CIS region, South American region, and Middle East & African region. In terms of country, the United States is expected to be an attractive market due to the high defense expenditure by the government and booming aviation industry.

Market Players

Willis Lease Finance Corporation, SMBC Aero Engine Lease B.V., A J Walter Aviation Limited, MTU Aero Engines AG, Aircraft Propulsion Leasing, Shannon Engine Support Ltd., Hale Aircraft, Inc are the major market players operating in the global aircraft engine leasing market.

Report Scope:

In this report, global aircraft engine leasing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Aircraft Engine Leasing Market, By Engine Type:
  • Turboprop
  • Turbofan
  • Turboshaft
  • Piston
  • Aircraft Engine Leasing Market, By Leasing Period:
  • Less than 5 years
  • 5 to 10 years
  • More than 10 years
  • Aircraft Engine Leasing Market, By Aircraft Type:
  • Narrow Body Aircrafts
  • Wide Body Aircrafts
  • Regional Aircrafts
  • Business Aircrafts
  • Rotorcrafts
  • Fighter aircrafts
  • Aircraft Engine Leasing Market, By Application:
  • Commercial
  • Military
  • Aircraft Engine Leasing Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • Vietnam
  • South Korea
  • Europe & CIS
  • Germany
  • France
  • United Kingdom
  • Spain
  • Italy
  • Belgium
  • Russia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia
  • Egypt
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global aircraft engine leasing market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Aircraft Engine Leasing Market
5. Voice of Customer
5.1. Factors Influencing Leasing Decision
5.2. Brand Satisfaction Level
5.3. Challenges/Unmet Needs
6. Global Aircraft Engine Leasing Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Engine Type (Turboprop, Turbofan, Turboshaft, Piston)
6.2.2. By Leasing Period (Less than 5 years, 5 to 10 years, More than 10 years)
6.2.3. By Aircraft Type (Narrow Body Aircrafts, Wide Body Aircrafts, Regional Aircrafts, Business Aircrafts, Rotorcrafts, Fighter aircrafts)
6.2.4. By Application (Commercial, Military)
6.2.5. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)
6.2.6. By Company (2021)
6.3. Product Market Map (By Engine Type, By Region)
7. North America Aircraft Engine Leasing Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Engine Type
7.2.2. By Leasing Period
7.2.3. By Aircraft Type
7.2.4. By Application
7.2.5. By Country (United States; Canada; Mexico)
7.3. Product Market Map (By Engine Type, By Country)
7.4. North America: Country Analysis
7.4.1. United States Aircraft Engine Leasing Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Engine Type
7.4.1.2.2. By Leasing Period
7.4.1.2.3. By Aircraft Type
7.4.1.2.4. By Application
7.4.2. Canada Aircraft Engine Leasing Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Engine Type
7.4.2.2.2. By Leasing Period
7.4.2.2.3. By Aircraft Type
7.4.2.2.4. By Application
7.4.3. Mexico Aircraft Engine Leasing Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Engine Type
7.4.3.2.2. By Leasing Period
7.4.3.2.3. By Aircraft Type
7.4.3.2.4. By Application
8. Asia Pacific Aircraft Engine Leasing Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Engine Type
8.2.2. By Leasing Period
8.2.3. By Aircraft Type
8.2.4. By Application
8.2.5. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)
8.2.6. Product Market Map (By Engine Type, By Country)
8.3. Asia Pacific: Country Analysis
8.3.1. China Aircraft Engine Leasing Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Engine Type
8.3.1.2.2. By Leasing Period
8.3.1.2.3. By Aircraft Type
8.3.1.2.4. By Application
8.3.2. India Aircraft Engine Leasing Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Engine Type
8.3.2.2.2. By Leasing Period
8.3.2.2.3. By Aircraft Type
8.3.2.2.4. By Application
8.3.3. Japan Aircraft Engine Leasing Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Engine Type
8.3.3.2.2. By Leasing Period
8.3.3.2.3. By Aircraft Type
8.3.3.2.4. By Application
8.3.4. Malaysia Aircraft Engine Leasing Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Engine Type
8.3.4.2.2. By Leasing Period
8.3.4.2.3. By Aircraft Type
8.3.4.2.4. By Application
8.3.5. Thailand Aircraft Engine Leasing Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Engine Type
8.3.5.2.2. By Leasing Period
8.3.5.2.3. By Aircraft Type
8.3.5.2.4. By Application
8.3.6. Indonesia Aircraft Engine Leasing Market Outlook
8.3.6.1. Market Size & Forecast
8.3.6.1.1. By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1. By Engine Type
8.3.6.2.2. By Leasing Period
8.3.6.2.3. By Aircraft Type
8.3.6.2.4. By Application
8.3.7. Vietnam Aircraft Engine Leasing Market Outlook
8.3.7.1. Market Size & Forecast
8.3.7.1.1. By Value
8.3.7.2. Market Share & Forecast
8.3.7.2.1. By Engine Type
8.3.7.2.2. By Leasing Period
8.3.7.2.3. By Aircraft Type
8.3.7.2.4. By Application
8.3.8. South Korea Aircraft Engine Leasing Market Outlook
8.3.8.1. Market Size & Forecast
8.3.8.1.1. By Value
8.3.8.2. Market Share & Forecast
8.3.8.2.1. By Engine Type
8.3.8.2.2. By Leasing Period
8.3.8.2.3. By Aircraft Type
8.3.8.2.4. By Application
9. Europe & CIS Aircraft Engine Leasing Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Engine Type
9.2.2. By Leasing Period
9.2.3. By Aircraft Type
9.2.4. By Application
9.2.5. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)
9.3. Product Market Map (By Engine Type, By Country)
9.4. Europe & CIS: Country Analysis
9.4.1. Germany Aircraft Engine Leasing Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Engine Type
9.4.1.2.2. By Leasing Period
9.4.1.2.3. By Aircraft Type
9.4.1.2.4. By Application
9.4.2. France Aircraft Engine Leasing Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Engine Type
9.4.2.2.2. By Leasing Period
9.4.2.2.3. By Aircraft Type
9.4.2.2.4. By Application
9.4.3. United Kingdom Aircraft Engine Leasing Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Engine Type
9.4.3.2.2. By Leasing Period
9.4.3.2.3. By Aircraft Type
9.4.3.2.4. By Application
9.4.4. Spain Aircraft Engine Leasing Market Outlook
9.4.4.1. Market Size & Forecast
9.4.4.1.1. By Value
9.4.4.2. Market Share & Forecast
9.4.4.2.1. By Engine Type
9.4.4.2.2. By Leasing Period
9.4.4.2.3. By Aircraft Type
9.4.4.2.4. By Application
9.4.5. Italy Aircraft Engine Leasing Market Outlook
9.4.5.1. Market Size & Forecast
9.4.5.1.1. By Value
9.4.5.2. Market Share & Forecast
9.4.5.2.1. By Engine Type
9.4.5.2.2. By Leasing Period
9.4.5.2.3. By Aircraft Type
9.4.5.2.4. By Application
9.4.6. Belgium Aircraft Engine Leasing Market Outlook
9.4.6.1. Market Size & Forecast
9.4.6.1.1. By Value
9.4.6.2. Market Share & Forecast
9.4.6.2.1. By Engine Type
9.4.6.2.2. By Leasing Period
9.4.6.2.3. By Aircraft Type
9.4.6.2.4. By Application
9.4.7. Russia Aircraft Engine Leasing Market Outlook
9.4.7.1. Market Size & Forecast
9.4.7.1.1. By Value
9.4.7.2. Market Share & Forecast
9.4.7.2.1. By Engine Type
9.4.7.2.2. By Leasing Period
9.4.7.2.3. By Aircraft Type
9.4.7.2.4. By Application
10. South America Aircraft Engine Leasing Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Engine Type
10.2.2. By Leasing Period
10.2.3. By Aircraft Type
10.2.4. By Application
10.2.5. By Country (Brazil, Argentina, Colombia)
10.3. Product Market Map (By Engine Type, By Country)
10.4. South America: Country Analysis
10.4.1. Brazil Aircraft Engine Leasing Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Engine Type
10.4.1.2.2. By Leasing Period
10.4.1.2.3. By Aircraft Type
10.4.1.2.4. By Application
10.4.2. Argentina Aircraft Engine Leasing Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Engine Type
10.4.2.2.2. By Leasing Period
10.4.2.2.3. By Aircraft Type
10.4.2.2.4. By Application
10.4.3. Colombia Aircraft Engine Leasing Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Engine Type
10.4.3.2.2. By Leasing Period
10.4.3.2.3. By Aircraft Type
10.4.3.2.4. By Application
11. Middle East and Africa Aircraft Engine Leasing Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Engine Type
11.2.2. By Leasing Period
11.2.3. By Aircraft Type
11.2.4. By Application
11.2.5. By Country (South Africa, Saudi Arabia, UAE, Egypt)
11.3. Product Market Map (By Engine Type, By Country)
11.4. Middle East and Africa: Country Analysis
11.4.1. South Africa Aircraft Engine Leasing Market Outlook
11.4.1.1. Market Size & Forecast
11.4.1.1.1. By Value
11.4.1.2. Market Share & Forecast
11.4.1.2.1. By Engine Type
11.4.1.2.2. By Leasing Period
11.4.1.2.3. By Aircraft Type
11.4.1.2.4. By Application
11.4.2. Saudi Arabia Aircraft Engine Leasing Market Outlook
11.4.2.1. Market Size & Forecast
11.4.2.1.1. By Value
11.4.2.2. Market Share & Forecast
11.4.2.2.1. By Engine Type
11.4.2.2.2. By Leasing Period
11.4.2.2.3. By Aircraft Type
11.4.2.2.4. By Application
11.4.3. UAE Aircraft Engine Leasing Market Outlook
11.4.3.1. Market Size & Forecast
11.4.3.1.1. By Value
11.4.3.2. Market Share & Forecast
11.4.3.2.1. By Engine Type
11.4.3.2.2. By Leasing Period
11.4.3.2.3. By Aircraft Type
11.4.3.2.4. By Application
11.4.4. Egypt Aircraft Engine Leasing Market Outlook
11.4.4.1. Market Size & Forecast
11.4.4.1.1. By Value
11.4.4.2. Market Share & Forecast
11.4.4.2.1. By Engine Type
11.4.4.2.2. By Leasing Period
11.4.4.2.3. By Aircraft Type
11.4.4.2.4. By Application
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Company Profiles
14.1.1. Company Details
14.1.2. Financials (As reported)
14.1.3. Key Market Focus and Geographical Presence
14.1.4. Pricing of Target Products
14.1.5. Market positioning
14.2. Willis Lease Finance Corporation
14.3. SMBC Aero Engine Lease B.V.
14.4. A J Walter Aviation Limited
14.5. MTU Aero Engines AG
14.6. Aircraft Propulsion Leasing
14.7. Shannon Engine Support Ltd.
14.8. Hale Aircraft, Inc
15. Strategic Recommendations

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