Market Overview:
The global low-cost carrier (LCC) market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, registering a CAGR of X.X% during the forecast period. The line-haul segment is expected to account for a larger share of the global LCC market in terms of revenue, while the short-haul segment is anticipated to register a higher CAGR during the forecast period. In terms of application, individual passengers are expected to account for a larger share of the global LCC market in terms of revenue, while commerce passengers are anticipated to register a higher CAGR during the forecast period. North America is estimated to be the largest regional market for LCCs followed by Europe and Asia Pacific.
Product Definition:
Low-cost carrier (LCC) is a term used in the airline industry to describe a type of airline that has lower operating costs than traditional full-service airlines. LCCs typically charge lower fares and offer fewer amenities than their full-service counterparts.
Short-Haul:
Short-haul is a term used to define the distance between two points and less than 1000 miles. The major factor driving this market is the increase in global trade, travel, and tourism. Also known as near-shoring or inshore shipping, short-haul operations are conducted within 100 nautical miles of a coastline. Most international trading occurs within 200 nautical miles of a coastline which makes short haul an ideal option for international transport.
Line-Haul:
Line-haul is the transport of goods or products over a single linear distance. It can be defined as the total length of all physical lines between source and destination points, excluding any return transportation. In logistics parlance, it is commonly referred to as a "long-distance haul".
In case of LCCs (Low Cost Carriers), line haul plays an important role in their business model since they do not have large capital for investments.
Application Insights:
The individual application segment accounted for the largest revenue share of over 70% in 2017. This is attributed to growing trend of flying alone as a hobby or business, which has increased the number of low-cost carriers serving these routes. The individual segment is further segregated into two sub-segments, namely leisure and business travelers. The leisure travelers comprise mainly European and American businessmen who prefer traveling by air owing to reduced cost as compared with their onshore counterparts.
The other application segment comprises primarily commercial purposes such as transportation of goods for distribution centers, warehouses, R&D centers and manufacturing facilities among others. These companies are usually large e-commerce businesses that require frequent delivery cycles at minimal costs across various regions globally including North America, Europe & Asia Pacific among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, rising passenger traffic, and government initiatives favoring low-cost carrier operations in the region. Moreover, Asia Pacific has been witnessing a growing number of airline alliances such as Oneworld and SkyTeam that are likely to boost regional growth over the forecast period.
Europe was estimated at USD X billion in 2017 and is anticipated to grow at an exponential rate over the forecast period owing to increased competition among airlines for passengers between major cities resulting from capacity expansion by carriers such as easyJet UK Limited; Delta Airlines Inc.; Germanwings GmbH; Vueling S.A., etc†which has resulted in fares getting cheaper thereby boosting demand for LCC services across this region during same period of time).
Growth Factors:
- Increasing demand for low-cost travel: The growth of the LCC market is being driven by the increasing demand for low-cost travel. This is due to a number of factors, including the global economic recession, which has led to more people looking for affordable ways to travel.
- The rise of budget-conscious travelers: There has been a shift in traveler behavior in recent years, with more people becoming budget conscious and looking for ways to save money on their trips. This has helped fuel the growth of the LCC market.
- The expansion of LCCs into new markets: A number of LCCs have been expanding into new markets in recent years, as they seek to capitalize on the growing demand for low-cost travel options. This has helped fuel the growth of the LCC market overall.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low-Cost Carrier（LCC） Market Research Report
By Type
Short-Haul, Line-Haul
By Application
Individual, Commerce
By Companies
EasyJet, JetBlue Airways, Ryanair, Southwest Airlines, AirAsia, Azul, Cebu Pacific Air, Flydubai, GoAir, GOL, EasyJet, Jet Lite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Low-Cost Carrier（LCC） Market Report Segments:
The global Low-Cost Carrier（LCC） market is segmented on the basis of:
Types
Short-Haul, Line-Haul
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Commerce
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EasyJet
- JetBlue Airways
- Ryanair
- Southwest Airlines
- AirAsia
- Azul
- Cebu Pacific Air
- Flydubai
- GoAir
- GOL
- EasyJet
- Jet Lite
Highlights of The Low-Cost Carrier（LCC） Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Short-Haul
- Line-Haul
- By Application:
- Individual
- Commerce
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low-Cost Carrier（LCC） Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major players in the low-cost carrier¯â¼ë†lcc¯â¼â€° market are EasyJet, JetBlue Airways, Ryanair, Southwest Airlines, AirAsia, Azul, Cebu Pacific Air, Flydubai, GoAir, GOL, EasyJet, Jet Lite.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low-Cost Carrier（LCC） Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low-Cost Carrier（LCC） Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low-Cost Carrier（LCC） Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low-Cost Carrier（LCC） Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low-Cost Carrier（LCC） Market Size & Forecast, 2018-2028
4.5.1 Low-Cost Carrier（LCC） Market Size and Y-o-Y Growth
4.5.2 Low-Cost Carrier（LCC） Market Absolute $ Opportunity
Chapter 5 Global Low-Cost Carrier（LCC） Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low-Cost Carrier（LCC） Market Size Forecast by Type
5.2.1 Short-Haul
5.2.2 Line-Haul
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low-Cost Carrier（LCC） Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low-Cost Carrier（LCC） Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Commerce
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low-Cost Carrier（LCC） Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low-Cost Carrier（LCC） Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low-Cost Carrier（LCC） Analysis and Forecast
9.1 Introduction
9.2 North America Low-Cost Carrier（LCC） Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low-Cost Carrier（LCC） Market Size Forecast by Type
9.6.1 Short-Haul
9.6.2 Line-Haul
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low-Cost Carrier（LCC） Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Commerce
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low-Cost Carrier（LCC） Analysis and Forecast
10.1 Introduction
10.2 Europe Low-Cost Carrier（LCC） Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low-Cost Carrier（LCC） Market Size Forecast by Type
10.6.1 Short-Haul
10.6.2 Line-Haul
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low-Cost Carrier（LCC） Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Commerce
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low-Cost Carrier（LCC） Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low-Cost Carrier（LCC） Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low-Cost Carrier（LCC） Market Size Forecast by Type
11.6.1 Short-Haul
11.6.2 Line-Haul
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low-Cost Carrier（LCC） Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Commerce
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low-Cost Carrier（LCC） Analysis and Forecast
12.1 Introduction
12.2 Latin America Low-Cost Carrier（LCC） Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low-Cost Carrier（LCC） Market Size Forecast by Type
12.6.1 Short-Haul
12.6.2 Line-Haul
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low-Cost Carrier（LCC） Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Commerce
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low-Cost Carrier（LCC） Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low-Cost Carrier（LCC） Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low-Cost Carrier（LCC） Market Size Forecast by Type
13.6.1 Short-Haul
13.6.2 Line-Haul
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low-Cost Carrier（LCC） Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Commerce
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low-Cost Carrier（LCC） Market: Competitive Dashboard
14.2 Global Low-Cost Carrier（LCC） Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EasyJet
14.3.2 JetBlue Airways
14.3.3 Ryanair
14.3.4 Southwest Airlines
14.3.5 AirAsia
14.3.6 Azul
14.3.7 Cebu Pacific Air
14.3.8 Flydubai
14.3.9 GoAir
14.3.10 GOL
14.3.11 EasyJet
14.3.12 Jet Lite
