The future of the global airline ancillary service market looks promising with opportunities in the full-service carrier and low-cost carrier markets. The global airline ancillary service market is expected to reach an estimated $293 billion by 2030 with a CAGR of 17.8% from 2024 to 2030. The major drivers for this market are rapid growth in air passenger travel, growing numbers of low-cost carriers, as well as, growth in middle-class disposable money around the globe.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of the
most promising, high-growth opportunities for the airline ancillary service
market by type (baggage fee, onboard retail & a-la-cart, airline retail,
airline retail & ffp miles sale, and others), carrier type (full-service
carrier and low-cost carrier), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, baggage
fee, onboard retail & A-La-cart, airline retail, and airline retail &
FFP miles sale are the major segments of airline ancillary service market by
type. Lucintel forecasts that baggage fee will remain the largest segment over
the forecast period because the airlines have used a variety of pricing
schemes, such as collecting costs depending on weight, number of baggage, or
level of service.Within this market, full-service carrier will remain the
larger segment due to overseas flights are becoming increasingly popular.
North America will
remain the largest region over the forecast period due to the region has
well-established air transportation infrastructure, along with the growing
investment in the adoption of cutting-edge digital and novel technologies in
the region.
Deutsche Lufthansa,
Delta Air Lines, American airlines, Alaska Air, United Airlines, Southwest
Airlines, Ryanair, EasyJet, Air France, and Air Canada are the major suppliers
in the airline ancillary service market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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