Commercial Aircraft Leasing Market by Leasing Type and Geography - Forecast and Analysis 2022-2026

The commercial aircraft leasing market share is expected to increase by USD 15.50 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.66%.

The commercial aircraft leasing market has been broadly categorized into the following demographic segmentations: 

• Type - Wet-lease and dry lease
• Geography - APAC, Europe, North America, South America, and MEA

The valuable insights on the post COVID-19 impact on the market in this report will help companies evaluate their business approaches. The commercial aircraft leasing market vendors studied and compile in this report include AerCap Group, Air Lease Corp., Aircastle Ltd., ALAFCO Aviation Lease and Finance Co., Avolon Aerospace Leasing Ltd., Bank of Communications Co. Ltd., BBAM US LP, BOC Aviation Ltd., China Aircraft Leasing Group Holdings Ltd., China Development Bank Financial Leasing Co. Ltd., Deucalion Aviation Group, Dubai Aerospace Enterprise (DAE) Ltd., Industrial and Commercial Bank of China Co., Macquarie Group Ltd., Mitsubishi HC Capital Inc., Nordic Aviation Capital, Orix Corp., Saab AB, Sumitomo Mitsui Finance and Leasing Co. Ltd., and Tokyo Century Corp. among others.

What will the Commercial Aircraft Leasing Market Size be During the Forecast Period?

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Commercial Aircraft Leasing Market: Key Drivers, Trends, and Challenges

The strong market position of Irish and Chinese lessors is notably driving the commercial aircraft leasing market growth, although factors such as fall in the price of crude oil may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial aircraft leasing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Aircraft Leasing Market Driver

• The strong market position of Irish and Chinese lessors is one of the primary factors driving the commercial aircraft leasing market growth.
• Favorable policies by the Irish government have contributed to the overall market growth. 
• China's leasing industry has been growing rapidly over the past decade owing to favorable regulatory and policy support.
• Chinese leasing companies are increasingly resorting to the acquisition for expanding their businesses. 
• Such factors are expected to contribute significantly to the growth of the aircraft leasing market in the forecast period.

Key Commercial Aircraft Leasing Market Trend

• Influence of taxes on aircraft leasing is one of the key commercial aircraft leasing market trends that will positively impact the market growth during the forecast period.
• Exemption of taxes lessens the burden of aircraft lessors. 
• Many countries are encouraging the formulation of policies on these lines to impact the aircraft leasing market positively. 
• Norway and Switzerland offer some conditional VAT exemptions.
• In 2015, Cyprus introduced novel VAT guidelines concerning the registration of private aircraft.
• Initiatives of countries to reduce taxes for airlines will propel the growth of the commercial aircraft leasing market throughout the forecast years.

Key Commercial Aircraft Leasing Market Challenge

• The fall in the price of crude oil will be a major challenge for the commercial aircraft leasing market during the forecast period.
• Reductions in fuel prices can help airlines save significant amounts on their operating expenses.
• Since 2008, the prices of crude oil have declined significantly. In July 2008, the price of crude oil was around USD 147 per barrel. In July 2020, the prices had dropped to around USD 20 per barrel.
• The declining crude oil price has also been lowering the price of aviation fuels, thereby helping airline operators to increase their profit margin.
• The airlines are seeking to directly procure aircraft, as opposed to leasing them, to leverage the benefit of improved margins. Such factors may limit the market growth in the coming years.

This commercial aircraft leasing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global commercial aircraft leasing market as a part of the global aerospace & defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial aircraft leasing market during the forecast period.

Who are the Major Commercial Aircraft Leasing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AerCap Group
• Air Lease Corp.
• Aircastle Ltd.
• ALAFCO Aviation Lease and Finance Co.
• Avolon Aerospace Leasing Ltd.
• Bank of Communications Co. Ltd.
• BBAM US LP
• BOC Aviation Ltd.
• China Aircraft Leasing Group Holdings Ltd.
• China Development Bank Financial Leasing Co. Ltd.
• Deucalion Aviation Group
• Dubai Aerospace Enterprise (DAE) Ltd.
• Industrial and Commercial Bank of China Co.
• Macquarie Group Ltd.
• Mitsubishi HC Capital Inc.
• Nordic Aviation Capital
• Orix Corp.
• Saab AB
• Sumitomo Mitsui Finance and Leasing Co. Ltd.
• Tokyo Century Corp.

This statistical study of the commercial aircraft leasing market encompasses successful business strategies deployed by the key vendors. The commercial aircraft leasing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• AerCap Group - The company offers commercial aircraft leasing that provides new and used commercial aircraft on operating lease from existing fleet and order book of Boeing, Airbus, and Embraer aircraft, and through sale and leaseback transactions.

• AerCap Group - Under the unified segment, the company is involved in the leasing, financing, sales, and management of commercial aircraft and engines.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial aircraft leasing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial Aircraft Leasing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial aircraft leasing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Commercial Aircraft Leasing Market?

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43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for commercial aircraft leasing in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

The increasing demand for energy-efficient aircraft among fleet operators will facilitate the commercial aircraft leasing market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Industrial activity in APAC was adversely impacted in 2020 due to the COVID-19 pandemic. The imposition of stringent lockdowns and social distancing regulations forced many airline carriers to halt their operations. However, all industrial sectors are expected to start showing signs of recovery from 2021 onward as the COVID-19 pandemic ceases to exist. The growth in capital spending by airline carriers is expected to drive the demand for commercial aircraft leasing, which will positively impact the growth of the market in focus in the region over the projected period

What are the Revenue-generating Type Segments in the Commercial Aircraft Leasing Market?

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The commercial aircraft leasing market share growth by the wet-lease segment will be significant during the forecast period. A wet lease is a legal agreement where the lessor provides aircraft, crew, maintenance, and insurance services (ACMI) to the lessee. The agreement is therefore called ACMI leasing. This type of leasing calls for the lessee to pay for the costs incurred during the flight operations, which include fuel, airport fees, duties, and taxes. Wet leasing agreements typically range from a month to three years to cater to peak traffic seasons or annual heavy maintenance checks or initiate new routes. The major incentives for airlines to enter agreements with lessors are the maintenance and insurance features. These features of wet-lease will drive the commercial aircraft leasing market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft leasing market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Commercial Aircraft Leasing Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive commercial aircraft leasing market growth during the next five years
• Precise estimation of the commercial aircraft leasing market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial aircraft leasing industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial aircraft leasing market vendors

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