Aviation includes
airports and airlines; the Aviation market in Europe considers both the
Airports and Airlines markets in Europe. This market provides details about
some of the legacy airlines in the world such as Lufthansa and Ryanair and some
of the world’s busiest airports such as London Heathrow Airport and Paris
Charles De Gaulle Airport. These airports generate a large amount of revenue
from both aeronautical and non-aeronautical sources. The Aviation market in
Europe facilitates the growth of tourism and trade in this geography.
Analysts forecast
the Aviation
market in Europe to grow at a
CAGR of 4.21 percent over the period 2013-2018.
The report recognizes
the following companies as the key players in the Aviation Market in Europe
(airlines and airports) are: Deutsche Lufthansa AG, Ryanair Holdings Plc,
London Heathrow Airport and Paris Charles de Gaulle Airport
Other Prominent
Vendors in the market are: Aeroflot, CSA Czech Airlines, LOT - Polish Airlines,
Norwegian Air Shuttle, Pegasus Airlines, Rossiya - Russian Airlines, S7
Airlines, Transaero Airlines and UTair Aviation
One key trend
emerging in this market is the rise of low cost carriers in Europe. This is
expected to increase air traffic in the region. LCCs provide a relatively
economical alternative to air travel for millions of people. They make travel
more affordable for a larger traveler base and are likely to service many
destinations.
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Covered in this Report
This report covers
the present scenario and the growth prospects of the Aviation market in the
Europe for the period 2014-2018. To calculate the market size, the report
considers the revenue passenger kilometers (RPK) of airports and airlines in
Europe. The report provides the market share of airports and airlines in
Europe.
Aviation Market in
Europe 2014-2018, has been prepared based on an in-depth market analysis with
inputs from industry experts. The report covers Europe; it also covers the
landscape of the Aviation market in Europe and its growth prospects in the
coming years. The report includes a discussion of the key vendors operating in
this market.
According to the
report, one of the major drivers in this market is the growth in airline
alliances, which offer the advantage of global reach, recognition, and seamless
service to an international traveler. With the rise in the number of people who
travel by air, there has been an overall increase in international passenger
traffic, resulting in a rise in the number of commercial airports and airlines.
Further, the report
states that one of the major challenges in the market is the rise in ATF
prices. The increase in ATF prices reduces the profit margins of commercial
airlines, thereby preventing them from upgrading their current aircraft fleets.
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