According to the research report titled ‘Aircraft Leasing Market Share, Size, Trends, & Industry Analysis Report By Aircraft Type By Region]: Market Size & Forecast, 2020 – 2026’, available with Market Study Report, global aircraft leasing market is expected to reach a valuation of USD 453.2 billion by the year 2026.
 

Mounting number of air travelers has enhanced the demand for aircrafts, which in turn is a major factor driving the growth of global aircraft leasing market. It is to be noted that aircrafts can be rented for a substantial fee as per the type of lease, namely wet or dry. Wet leasing aircrafts are provided with a trained crew, insurance and maintenance while dry leased aircrafts do not comprise of crew members.
 

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Growing demand for efficient aircrafts, increasing air traffic, supportive regulatory scenario and rapid expansion of the aviation industry are additional factors augmenting global aircraft leasing industry remuneration. High demand for fuel-efficient commercial airplanes, affordable lease rates and attractive tax policies are also favoring the market outlook. Technological advancements and rising adoption of aircraft leasing systems in emerging economies are facilitating the overall business scenario.
 

By lease type, the market is split into wet lease and dry lease. Meanwhile as per aircraft type, global aircraft leasing market is segmented into narrow body aircraft and wide body aircraft.
 

The regional scope of the overall market consists of Middle East & Africa, Latin America, Asia-Pacific, Europe and North America, with key focus on countries such as South America, Saudi Arabia, UAE, Mexico, Brazil, Japan, India, China, France, Italy, U.K., Germany, Mexico, Canada and the U.S.
 

As per the report, Europe accounted for a significant share in global aircraft leasing market in the year 2019 and is expected to showcase similar developments in the forthcoming years. Factors such as advancements in technology, rising adoption of efficient commercial aircrafts, increasing air traffic and introduction of new airplanes are favoring the market outlook in Europe.
 

The prominent companies operating in global aircraft leasing market are BBAM LLC, CIT Aerospace Inc., GE Capital Aviation Services, AerCap, Saab Aircraft Leasing Holdings AB, BOC Aviation, International Lease Finance Corporation, Air Lease Corporation, Boeing Capital Corporation, and Aviation Capital Group among others.
 

These market majors are emphasizing on developing innovative products as well as various collaborative strategies in order to cater to the growing demand as well as to acquire a competitive edge in this business sphere.