Summary
to understand this market
Detailed content
Inforamtion
- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 19/11/2021
Summary and extracts
1 Market overview
1.1 Definition and scope of study
With low cost air transport we refer to that service offered by low cost airlines consisting of the possibility to buy and use flights at lower prices than those applied by traditional airlines. This service was born in the United States in 1970 with the Southwest Airlines company but began to spread considerably only in the 1990s thanks to a strong process of deregulation.
Low cost airlines have undergone a strong expansion process in recent years thanks not only to economic growth but also, in particular, to the travel and tourism sector. As a result, the global low cost airline market is expected to grow between 2021 and 2025 at a CAGR of 8.62%, reaching a value of approximately $250 billion at the end of this time period. Global market growth is also expected to be driven primarily by the expansion of low-cost airlines in developing countries.
Within Italy, the low-cost air transport market is booming, with high growth rates despite limitations due to the spread of the Covid-19 pandemic. In Italy, the low-cost air transport market is dominated by the Irish airline, Ryanair, followed by EasyJet and then by Wizz Air and Volotea, which continue their strategy of territorial expansion by dedicating themselves to the opening of an increasing number of new bases at Italian airports.
A strong growth driver for this market within the Italian panorama will certainly be the closure of Italy's largest airline, Alitalia, which, after a long period in which it was subjected to the extraordinary administration procedure, finally closed its doors in autumn 2021. This offers obvious growth opportunities for low cost airlines that will be able to take over the market share previously belonging to Alitalia.
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the low cost air transport market | Italy
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
5 reports pack (-15%) IT Italy
- 5 reports at €75.6 excluding VAT per study to choose from our Italian catalogue for 12 months
- Save 15% on additional studies purchased
- Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)
See the terms and conditions of the pack and the refund of unused credit.