Market Size of Europe Freighter Aircraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 770.11 Million |
| Market Size (2029) | USD 956.53 Million |
| CAGR (2024 - 2029) | 4.43 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Freighter Aircraft Market Analysis
The Europe Freighter Aircraft Market size is estimated at USD 770.11 million in 2024, and is expected to reach USD 956.53 million by 2029, growing at a CAGR of 4.43% during the forecast period (2024-2029).
- The European freighter aircraft market demand is primarily driven by factors such as a rise in new trade relationships among economies and fleet modernization plans of the airlines and cargo delivery providers. The increasing focus on digitization and sustainability, air freight as an omnichannel increasing freighter aircraft capacity and the fall in the price of the consignment are expected to lead to growth in the market during the forecast period. The increase in passenger-to-freighter conversions is also likely to act as a solution for the air cargo capacity constraints due to the significant demand driven by the e-commerce business.
- However, stringent regulatory landscape regulations will hamper the market in the long run. Governments are forming regulations or policies worldwide to ensure smoother freighter operations. Although some freighter operators have adhered to the policies, many still need to comply with them, which can hamper freighter operations during the forecast period.
