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(Transportation-News.com, May 01, 2019 ) The global airline ancillary services market accounted to US$92.89 Bn in 2018 and is expected to grow at a CAGR of 18.5% during the forecast period 2019 - 2027, to account to US$412.86 Bn by 2027.
North America was the leading geographic airline ancillary service market and it is anticipated to be the highest revenue contributor throughout the forecast period. Higher concentration of Full-Service Carriers in the countries like U.S and Canada is expected to fuel airline ancillary services market in this region. In addition, the region is also found to have the largest share of the migrated population, particularly in terms of people traveling for the educational and business purpose has had greatly influenced the airline ancillary service market in North America.
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Key Benefits:
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Airline Ancillary Services Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Global Airline Ancillary Services Market – Company Profiles
United Airlines, Inc.
Delta Airlines, Inc.
American Airlines
Southwest Airlines
Air France/KLM
Ryanair DAC
EasyJet PLC
Deutsche Lufthansa AG
Qantas Airways Ltd
The Emirates Group
Airline Ancillary Services Market Insights
The increasing middle-class population is expected to have a noteworthy impact on the ancillary services market
Exponential growth in the passengers traveling through airways is majorly influenced by the rapidly emerging middle-class segment in developing economies. The remarkable increase in the working group in the developing region has resulted in up surged disposable income and freight traffic. Majority of the rising middle class was witnessed in China and India (as described by the United Nations). Furthermore, as the world continues to recover from previous economic contractions, the demand for air travel is projected to vary widely. The rise in air travel demand has subsequently resulted in increased demand for low-cost airlines. Here the airline ancillary services market players are grabbing the opportunity to make more revenue through ancillary services so that they can cater to low-cost as well as exclusive service demand of their consumer diversity.
GLOBAL AIRLINE ANCILLARY SERVICES MARKET - SEGMENTATION
Global Airline Ancillary Services market - By Type
Baggage Fees
On-board Retail & A la Carte
Airline Retail
FFP Miles Sale
Others
Global Airline Ancillary Services market - By Carrier Type
Full Service Carrier
Low-cost Carrier
Global Airline Ancillary Services market - By Geography
• North America
U.S.
Canada
Mexico
• Europe
France
Germany
UK
Russia
Rest of Europe
• Asia Pacific (APAC)
Australia
China
India
Japan
Rest of APAC
• Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of MEA
• South America (SAM)
Brazil
Argentina
Rest of SAM
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Sameer Joshi
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Source: EmailWire.Com 
Source: EmailWire.com
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