Airline Ancillary Services Market
Airline Ancillary Services Market is valued at $ 479.03 billion. During the forecasted period of 2020 to 2030, the market will register a CAGR of 19.01 % and demonstrate solid potential globally.
Airline ancillary services are commonly known as optional or additional services. They are fundamentally additional special service requests made by customers to enhance the experience of their flight journey. Ancillary services offered by airlines enable flyers to have access to lounge, enjoy meals on the flight and prefer specific seats. Airlines offer their customers various ancillary services to enhance their travel experience and comfort. In the highly competitive airline industry, several airlines are exploring the area of ancillary services to offer their flyers a memorable traveling experience and gain customer loyalty.
The rise in airline passengers that prefer flying over other modes of transportation is considered a major factor influencing the performance of the global Airline Ancillary Services Market Trends. The high popularity of ancillary services positively impacts the market, and the trend is likely to continue. Many flyers prefer to enjoy diverse ancillary services while flying to have a personalized traveling experience. Technology integration has been playing a key role in enhancing the quality of airline companies' ancillary services.
Key Players
Airline Ancillary Services Market Players is Air Canada (Canada), Air France-KLM (France), Alaska Air Group, Inc. (US), American Airlines, Inc. (US), Delta Air Lines, Inc. (US), Deutsche Lufthansa AG (Germany), easyJet plc (UK), Ryanair DAC (Ireland), Southwest Airlines Co. (US), and United Airlines, Inc. (US).
Regional Analysis
The global Airline Ancillary Services Market has been segmented into diverse geographical regions based on its existence. The chief regional segments of the market include North America, Europe, Asia Pacific., Latin America, the Middle East, and Africa. Globally, the Asia Pacific segment has been leading. Due to the existence of highly populous nations such as China and India and the high number of people that travel by air, the regional segment is flourishing. It is estimated that the region will continue to drive the global market performance during the forecasted period. The contribution of the North American segment is also immense due to factors such as industrialization and urbanization. The hectic lifestyle of people is playing a key role in increasing the frequency of air travel, positively impacting the Airline Ancillary Services Market performance.
Market Segments
The global Airline Ancillary Services Market Share can be segmented based on service and carrier types.
Based on the service type, the Airline Ancillary Services Market can be further divided into Baggage Fees, Airline Retail and Frequent Flyer Miles Sale, Onboard Retail and A La Carte and Others. The market can be fragmented based on the carrier type into full-service and low-cost carriers. The low-cost carrier segment has dominated the global market as more people prefer affordable options over premium options.
Industry News
August 2022 – The United States of America suspended 26 passenger flights operated by Chinese carriers after the aviation agency in Beijing took a similar step to mitigate the spread of coronavirus. The major canceled flights include American Airlines, United Airlines and Delta Air Lines. This decision is expected to significantly impact the demand for airline ancillary services. However, the decision has been taken to prevent the transmission of the highly infectious coronavirus.
Airline Ancillary Services Market: Information Service by Type (Baggage Fees, Onboard Retail & A la Carte, Airline Retail and FFP Miles Sale, and Others), by Carrier Type (Full-Service Carrier and Low-Cost Carrier), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) - Global Forecast till 2030
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