Irving, Texas (PRWEB) January 24, 2013
The global airlines industry experienced good growth during the past five years and is expected to reach an estimated $832.8 billion in 2020 with a CAGR of 3.7% over the next seven years (2013-2020). Increasing demand from emerging economies, continuous demand for new low-cost carriers, deregulation, and rising middle class are factors driving growth in markets such as Asia and the Middle East.
Lucintel, a leading global management consulting and market research firm, has analyzed the global airline industry and presents its findings in “Global Airline Industry 2013-2020: Trend, Profit, and Forecast Analysis.”
The global airline industry comprises air transport service providers of passenger and cargo. Industry services are used by individuals and business,—international, domestic, and regional—and governments around the world. The industry is fragmented in terms of suppliers and buyers. North America led this industry, followed by Europe and Asia in 2012. Growth of the North American market is driven by growing demand in long-haul international services.
As the study indicates, the European market growth is driven by development of air transport in Eastern Europe and intracontinental travel within the European Union. Asian growth is driven by rising per capita GDP in emerging economies such as China, India, and countries in the Middle East such as UAE and Saudi Arabia.
Lucintel’s research indicates that growth in international travel and the tourism industry as well as the globalization of the service sector is driving air travel. Government regulations, fluctuating oil prices, rising security concerns, and continuous growth in high-speed trains in many countries are some of the challenges before the industry.
Lucintel’s aerospace research report provides quantitative and qualitative data analysis of the global airline industry. This study includes companies involved in the business of transporting passengers and freight by air along regularly scheduled routes. The report consists of two segments: Passenger and Cargo for four regions; thus, it tracks eight segments. This report provides five-year trend and forecast analysis with growth opportunities in the four regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit http://www.lucintel.com.
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