The size of the aircraft ACMI leasing market was estimated at USD 4229.89 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.49% from 2022 to USD 8809.40 million by 2030.
The global aircraft ACMI leasing market was valued at USD 32.9 billion in 2018 owing to the requirement by major airline operators to increase their customer base. The growing partnership of international and domestic courier companies with the purpose of completing timely deliveries is also one of the driving factors in the market.
More costly are the airplanes and other resources purchased by the airline operators. It also requires lengthy hours of waiting to purchase aircraft leasing, which makes the airline operators unattractive. It is therefore a popular practice for aircraft to be rented in the airline industry. Leasing is beneficial as it helps to legally increase the fleet size quickly and also decreases airline operators ' costs substantially.
The international leasing market for ACMI aircraft is very strong and will continue to grow substantially over the coming era. Ireland's domain and Chinese business, increasing demand for wet leasing and the development of air passenger traffic, are key elements that support the development of the worldwide aircraft ACMI leasing industry. The main trend today on the world economy is the shift of global operations to emerging economies, such as Asia-Pacific.
Aircraft ACMI Leasing Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | USD 8809.40 |
Growth Rate | CAGR of 8.49 % during 2020-2030 |
Segment Covered | By Type, By Plane Type, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Boeing, GECAS, AerCap, SMBC Aviation Capital, Aviation Capital Group LLC, Air Exchange, Nordic Aviation Capital, BOC Aviation, AirCastle, Taiyo Cable Tech Co., Ltd. |
Key Segments of the Global Aircraft ACMI Leasing Market
Type Overview, (USD Million)
- ACMI Lease (Wet Lease)
- Dry Lease
By Plane Type Overview,(USD Million)
- Private /Business Jets
- Commercial Jets
Body Type Overview, (USD Million)
- Narrow
- Widebody
- Regional
- Turboprop
By Lease Provider Type Overview, (USD Million)
- Broker
- Direct
By Broker Plane Type Overview, (USD Million)
- Private /Business Jets
- Commercial Jets
By Broker - Type of Provider Overview, (USD Million)
- Flag-carrier airline
- Regional airline
- Private /Business Jets
By Direct Plane Type Overview, (USD Million)
- Private /Business Jets
- Commercial Jets
By Direct - Type of Provider Overview, (USD Million)
- Flag-carrier airline
- Regional airline
- Private /Business Jets
- Packaging
Regional Overview, (USD Million)
- U.S.
- Europe
- Asia-Pacific
- India
- China
- Japan
- South-East Asia
- Central & South America
Frequently Asked Questions (FAQ) :
Aircraft leases are airlines and other aircraft operators ' leases. For two primary reasons: for operating aircraft without the economic burden for purchasing them and temporary boost of capability. Airlines are leasing aircraft from other airlines or rental businesses. Looking at the present situation, when it comes to aircraft rental, there has been a very steep rise. Take, for instance, Easyjet, which operates a fleet of 40% of aircraft, reduce cost of buying newer planes and leasing is generally faster than getting a new order done and delivered. Also one of the reasons why not many airlines go for 100% leased fleet because if the airline fails to repay a 100% rented fleet, this could be a great hit if it does not partner with an established airline or alliance.
An overall observation about this market, is that it will grow significantly owing to its incredible profits with affordable investments. Almost every existing airline leases part of its fleet and many airlines are trying to balance owned and rented aircraft. And as the aviation sector grows quicker and larger than ever before, airline rentals will be increasingly lucrative and give higher scope in the next few years. The market is bifurcated with the existence of wide ranging regional and international companies. Thus, major players in the aircraft ACMI leasing market have larger shares, although multiple companies are focusing on mergers, partnerships and acquisitions as their key strategies to strengthen their global reach.
Air planes are powered fixed-wing aircraft, driven forward by jet-engines, propeller-engines and rocket engines. Aircrafts are available in various dimensions, shapes and shape of the wing. The various uses of aircraft include leisure activities, products and persons, the army and research. The by Plane Type segment is divided into Private/Business Jets, and Commercial Jets segments. The Commercial Jets segment is the leading player between the two sections. This segment is growing at a CAGR of 6.1% whereas the Private/Business Jets segment is growing at a CAGR of 4.7% during the forecast period. The reason for the increased growth in the commercial business jets segment is because more company aircrafts are manufactured on demand by airlines with a growing passenger population. A Private jet is a jet aircraft intended for tiny groups of individuals to be transported. Private / business jets may be adapted to other functions, for example the evacuation of victims or the exchange of parcels, and some are used by government bodies, officials or the military. The Private/Business Jets segment is growing with a CAGR of 4.6% in the market. However, the relative market share has decreased, and is anticipated to continue to decrease in the following years, according to market estimates.
Expansions and partnerships in new regions has been a contributing factor for the growth of this market over the years. Changes in interest rates can lead to the sale of the divestment shares of leasing units so as to decrease airline operators ' overdue debt. These stakeholders are using strategies for expansion, alliances and collaboration to achieve a competitive edge in the industry. Over the last few years, Europe has become one of the leading countries in the aircraft ACMI leasing owing to the increasing construction of new airports and readiness of the aircraft leasing companies which intends to suit all economies. Ireland and other European countries are leading with the increasing wet leasing demand, air passenger traffic development, and other elements that promote the development of the international ACMI leasing industry. At the moment, the market's significant trend is to shift the activities of worldwide business owners to emerging economies such as Asia Pacific. Furthermore, the European aircraft leasing markets include appealing fiscal policies and an affordable lease rate as well as maintenance, repair and rehabilitation facilities (MRO). Europe occupies a share of 33.2% of the total market consumption and is growing with a CAGR of 5.5% as of 2025.
Due to the advent of multiple start-up companies in China, India and Malaysia, APAC region was the second-largest in Europe. Singapore and Hong Kong are likely to have hard competition in the European economy in the coming years from competitive tax policies. Rising fuel prices are an obstacle faced by these companies but the steadfast growth rates of economies is likely to counter this trend.