(Aviation-NewsWire.Com, May 03, 2019 ) The global airline ancillary services market accounted to US$92.89 Bn in 2018 and is expected to grow at a CAGR of 18.5% during the forecast period 2019 - 2027, to account to US$412.86 Bn by 2027.
North America was the leading geographic airline ancillary service market and it is anticipated to be the highest revenue contributor throughout the forecast period. Higher concentration of Full-Service Carriers in the countries like U.S and Canada is expected to fuel airline ancillary services market in this region. In addition, the region is also found to have the largest share of the migrated population, particularly in terms of people traveling for the educational and business purpose has had greatly influenced the airline ancillary service market in North America.
Global Airline Ancillary Services Market – Company Profiles United Airlines, Inc. Delta Airlines, Inc. American Airlines Southwest Airlines Air France/KLM Ryanair DAC EasyJet PLC Deutsche Lufthansa AG Qantas Airways Ltd The Emirates Group Select License Type Excel Datapack (USD) USD $3000 Single user license (USD) USD $4550 Site license (USD) USD $6550 Enterprise license (USD) USD $8550
Exponential growth in the passengers traveling through airways is majorly influenced by the rapidly emerging middle-class segment in developing economies. The remarkable increase in the working group in the developing region has resulted in up surged disposable income and freight traffic. Majority of the rising middle class was witnessed in China and India (as described by the United Nations). Furthermore, as the world continues to recover from previous economic contractions, the demand for air travel is projected to vary widely. The rise in air travel demand has subsequently resulted in increased demand for low-cost airlines. Here the airline ancillary services market players are grabbing the opportunity to make more revenue through ancillary services so that they can cater to low-cost as well as exclusive service demand of their consumer diversity.
GLOBAL AIRLINE ANCILLARY SERVICES MARKET - SEGMENTATION
Global Airline Ancillary Services market - By Type Baggage Fees On-board Retail & A la Carte Airline Retail FFP Miles Sale Others
Global Airline Ancillary Services market - By Carrier Type Full Service Carrier Low-cost Carrier
Global Airline Ancillary Services market - By Geography • North America
U.S. Canada Mexico • Europe
France Germany UK Russia Rest of Europe • Asia Pacific (APAC)
Australia China India Japan Rest of APAC • Middle East & Africa (MEA)
Saudi Arabia South Africa UAE Rest of MEA • South America (SAM)
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