Dublin, March 13, 2024 (GLOBE NEWSWIRE) -- The "Airline Ancillary Services Market Forecast to 2030 - Global Analysis by Type and Carrier Type" report has been added to ResearchAndMarkets.com's offering.
As the airline industry continues to evolve, a significant market shift highlights the increasing relevance of ancillary services in global aviation, according to the market study. The comprehensive analysis forecasts that by 2030, the sector is set to expand to an impressive US$ 728.53 billion from a 2022 valuation of US$ 168.80 billion, charting a robust compound annual growth rate (CAGR) of 20.1% over the forecast period.
Digital transformations and an expanding middle-class demographic in Asia, particularly in burgeoning economies like India and China, have fueled segment growth. Notably, airlines embracing technology-driven revenue systems like advanced chatbots signify a definitive competitive edge in the marketplace. With an escalating demand for air travel in the Asia-Pacific region, these airlines are set to leverage their potential in combining auxiliary services with existing passenger and distribution systems.
Key Highlights
- Market growth driven by digital adoptions and expanding middle-class demographics, especially in the Asia-Pacific region.
- Onboard retail and à la carte services sector gaining traction with airlines focusing on tailored passenger experiences.
- Growth in low-cost carrier segment stimulated by market liberalization and rising demand for economic air travel options.
The airline ancillary services market has been dissected by type, with one segment - onboard retail and à la carte - achieving notable attention. This area encompasses a vast array of offerings designed to enhance the customer's in-flight experience. From duty-free shopping and premium dining options to Wi-Fi and seat upgrades, airlines are actively looking to meet the personalized needs of their passengers, thus securing additional revenue streams while also elevating customer satisfaction levels.
Further categorization of the market segments airlines by carrier type, spotlighting full-service and low-cost carriers. The latter represents a rapidly growing sector, resonating with price-sensitive travelers. These carriers have adeptly capitalized on the deregulated market environment, enabling passengers to tailor their travel experience by opting for various paid services. A case in point is India's aviation market, which has seen a notable increase in passenger numbers, likely to further spur the ancillary services market, particularly for budget airlines.
The report encompasses a detailed analysis of key players, including industry titans from various regions, all of whom are contributing to the complex tapestry of the airline ancillary services market. Drawing from a rigorous blend of primary and secondary research, interviews with industry experts, and a thorough market study methodological approach, this analysis offers a critical resource for those seeking to understand the current trends and future projections of this dynamic sector.
A selection of companies mentioned in this report includes:
- United Airlines Holdings Inc.
- American Airlines Group Inc.
- Delta Air Lines Inc.
- EasyJet PLC
- Deutsche Lufthansa AG
- Qantas Airways Ltd.
- Ryanair Holdings PLC
- Southwest Airlines Co.
- The Emirates
- Air France KLM SA
Key Attributes
| Report Attribute | Details |
| No. of Pages | 156 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $168.8 billion |
| Forecasted Market Value (USD) by 2030 | $728.53 billion |
| Compound Annual Growth Rate | 20.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/fnxcxy
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