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Europe Commercial Aircraft Market Size (2024 - 2029)

The European Commercial Aircraft Market is experiencing a recovery and is poised for growth, driven by increasing expenditure and a forecasted revival in market conditions. Despite the significant downturn caused by the COVID-19 pandemic, which led to a substantial decrease in passenger traffic and financial losses for airlines, the market has been stabilizing. Although commercial aviation in Europe has not yet returned to pre-pandemic levels, the rise in passenger traffic and the gradual recovery of the market are expected to contribute to the expansion of the market size in the coming years.

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Market Size of Europe Commercial Aircraft Industry

Europe Commercial Aircraft Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 9.65 %
Market Concentration High

Major Players

Europe Commercial Aircraft Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Commercial Aircraft Market Analysis

The European Commercial Aircraft Market is expected to register a CAGR of over 9.65% during the forecast period.

The COVID-19 pandemic had a severe negative impact on the commercial aircraft market in the European region. With the global transportation halt, the total demand for commercial aviation and aircraft decreased significantly. According to research by the International Air Transport Association (IATA), the United Kingdom witnessed a total decrease of 65% in passenger traffic due to the pandemic, resulting in a total loss of USD 30.6 Billion for the airlines operating in the country. Furthermore, Germany experienced a subsequent worse economic slump due to the pandemic. The airlines in the country witnessed a loss of USD 17.9 Billion during the pandemic. But, in 2022, the market has been gaining a stable position. The increasing expenditure and the forecasted revival of the market condition during the forecast period are expected to drive the market.

Although commercial aviation in Europe has taken off after the COVID-19 pandemic, it has still not reached pre-pandemic levels. According to the data presented by Eurosat, the statistical office of the European Union, Europe witnessed growth in commercial flight by about 25% between August 2021 and 2022. Commercial flights present in the European Union as of August 2022 were 596,930, 14% lower compared to August 2019, when commercial airlines in Europe accounted for 695,912 aircraft. However, the increase in passenger traffic in recent years is likely to propel the growth of commercial aviation in Europe in the coming years.

Europe Commercial Aircraft Industry Segmentation

The European commercial aircraft market encompasses the aircraft used for commercial passenger transport by airlines.

The Europe Commercial Aircraft market is segmented by aircraft type, engine type, application, and country. The market has been segmented by aircraft type into narrow-body, wide-body, and regional aircraft. By engine type, the market has been segmented into turbofan and turboprop. By application, the market has been segmented into passenger aircraft and freighters. The market has been segmented by geography into the United Kingdom, Germany, France, Italy, and the Rest of Europe. The report offers the market size and forecasts in value (USD million) for all the above segments. The report also includes various key statistics on the market status of leading market players and provides key trends and opportunities in the Europe commercial aircraft market.

By Aircraft Type
Narrow-body Aircraft
Wide-body Aircraft
Regional Aircraft
By Engine Type
Turbofan
Turboprop
By Application
Passenger Aircraft
Freighter
Geography
United Kingdom
Germany
France
Italy
Rest of Europe
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Europe Commercial Aircraft Market Size Summary

The European commercial aircraft market is poised for significant growth, driven by a recovery from the COVID-19 pandemic's impact and increasing demand for air travel. The market, which experienced a substantial downturn due to the pandemic, is now on a path to revival, with airlines investing in fleet expansion to meet the rising passenger traffic. The region's commercial aviation sector, although not yet at pre-pandemic levels, is witnessing a steady increase in flight operations and passenger numbers. This resurgence is expected to propel the market forward, with the passenger aircraft segment anticipated to experience the highest growth rate. Key players in the industry, such as EasyJet and British Airways, are actively expanding their fleets to capitalize on the recovering demand, while Germany's Lufthansa Group continues to lead the market with significant investments in both passenger and freight aircraft.

The competitive landscape of the European commercial aircraft market is dominated by major manufacturers like Airbus SE and The Boeing Company, alongside other prominent players such as Lockheed Martin Corporation and Dassault Aviation SA. These companies are at the forefront of catering to the region's aviation needs, with Airbus leading the market through a high volume of aircraft orders. The market's growth is further supported by strategic developments, such as Lufthansa's acquisition of new aircraft and the ongoing efforts to introduce innovative technologies like hydrogen-powered jet engines. The increasing demand from the e-commerce and global trade sectors is also driving the procurement of freighter aircraft, particularly in Germany, contributing to the market's overall expansion. As the industry continues to recover and evolve, these dynamics are expected to shape the future trajectory of the European commercial aircraft market.

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Europe Commercial Aircraft Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Aircraft Type

      1. 2.1.1 Narrow-body Aircraft

      2. 2.1.2 Wide-body Aircraft

      3. 2.1.3 Regional Aircraft

    2. 2.2 By Engine Type

      1. 2.2.1 Turbofan

      2. 2.2.2 Turboprop

    3. 2.3 By Application

      1. 2.3.1 Passenger Aircraft

      2. 2.3.2 Freighter

    4. 2.4 Geography

      1. 2.4.1 United Kingdom

      2. 2.4.2 Germany

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Rest of Europe

Europe Commercial Aircraft Market Size FAQs

The Europe Commercial Aircraft Market is projected to register a CAGR of 9.65% during the forecast period (2024-2029)

Airbus SE, The Boeing Company, Lockheed Martin Corporation, Dassault Aviation S.A. and Embraer S.A. are the major companies operating in the Europe Commercial Aircraft Market.

Europe Commercial Aircraft Report Snapshots

Europe Commercial Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)