Global Aircraft ACMI Leasing Market Size By Type (ACMI Lease (Wet Lease), Dry Lease), By Application (Private /Business Jets, Commercial Jets), By Region, And Segment Forecasts, 2023 to 2032

The Global Aircraft ACMI Leasing Market was valued at USD 6.5 billion in 2023 and is projected to reach USD 10.3 billion by 2031, growing at a CAGR of 6.1% during the forecast period of 2023-2031. The ACMI leasing industry, which includes Aircraft, Crew, Maintenance, and Insurance services, is driven by increasing air traffic, especially in emerging markets, the growing trend of outsourcing airline operations, and the rising demand for flexibility in fleet management. This leasing model allows airlines to manage capacity more efficiently, mitigate risks, and scale operations during peak seasons or unexpected disruptions.

Market Drivers:

Surge in Global Air Traffic: Increasing passenger numbers, especially in emerging economies, are pushing airlines to expand their fleet, thereby driving demand for ACMI leasing services.

Cost Optimization: ACMI leasing provides airlines with an effective way to reduce the high costs of acquiring new aircraft and maintaining an extensive workforce.

Flexibility in Operations: Airlines benefit from the flexibility ACMI offers to adjust fleet sizes based on demand, manage seasonality, and handle unexpected operational disruptions.

Market Restraints:

High Operational Costs: Despite its benefits, ACMI leasing involves high operational costs, particularly when leasing wide-body aircraft.

Geopolitical Uncertainties: The aviation industry is highly sensitive to geopolitical tensions and economic instability, which can impact leasing agreements and profitability.

Opportunities:

Emerging Markets: The rapid expansion of air travel in regions like Asia-Pacific and Latin America provides significant opportunities for ACMI leasing companies.

Technological Advancements: The integration of advanced fleet management systems and improved aircraft technology presents opportunities to enhance efficiency in ACMI operations.

Expansion in Low-Cost Carriers: The rising demand for low-cost travel is creating new growth avenues for ACMI providers to cater to budget airlines seeking to expand without long-term capital investments.

Market by System Type Insights:

The Passenger Aircraft ACMI Leasing segment dominated the market in 2023, contributing over 55% of the total revenue. This segment is expected to maintain its leadership due to increasing passenger demand across both developed and emerging markets. The Cargo Aircraft ACMI Leasing segment is projected to witness the highest growth, driven by the e-commerce boom and global supply chain expansion.

Market by End-use Insights:

In terms of end-use, the Airlines segment was the largest revenue contributor in 2023, holding over 65% of the market share. Airlines use ACMI leasing to optimize fleet management and handle peak season demand. The Charter Operators segment is expected to grow significantly, driven by increasing demand for chartered services.

Market by Regional Insights:

Europe dominated the market in 2023, accounting for the largest share due to the presence of major ACMI leasing companies and the growing demand for flexible aviation solutions across the region. Asia-Pacific is expected to register the highest growth rate during the forecast period, supported by rising air travel demand and the expansion of the aviation industry in China, India, and Southeast Asia.

Competitive Scenario:

Key players in the global Aircraft ACMI Leasing market include AerCap Holdings, Air Lease Corporation, Atlas Air, AVICO Group, Avolon, and Carlyle Aviation Partners. These companies are focusing on expanding their fleet, entering new regional markets, and enhancing their technological capabilities to remain competitive. For example, in 2023, AerCap announced a significant expansion of its fleet with a focus on cargo aircraft, catering to the growing demand in the logistics sector.

Scope of Work – Global Aircraft ACMI Leasing Market

Key Market Developments:

AerCap Holdings announced in 2023 the expansion of its ACMI cargo fleet to meet the rising demand in the e-commerce and logistics sectors.

Avolon partnered with a major Asian airline in 2024 to provide flexible leasing solutions for its fleet expansion.

Atlas Air launched an advanced fleet management system in 2025 aimed at improving operational efficiency for its ACMI services.

FAQs:

What is the current market size of the Global Aircraft ACMI Leasing Market? The market was valued at USD 6.5 billion in 2023.

What is the major growth driver of the Global Aircraft ACMI Leasing Market? The primary driver is the rising global air traffic, especially in emerging economies.

Which is the largest region during the forecast period in the Global Aircraft ACMI Leasing Market? Europe is the largest region due to the strong presence of leading ACMI leasing companies.

Which segment accounted for the largest market share in the Global Aircraft ACMI Leasing Market? The Passenger Aircraft ACMI segment accounted for the largest market share in 2023.

Who are the key market players in the Global Aircraft ACMI Leasing Market? Key players include AerCap Holdings, Air Lease Corporation, Atlas Air, AVICO Group, Avolon, and Carlyle Aviation Partners.