Europe Freighter Aircraft Market Size (2024 - 2029)

The Europe Freighter Aircraft Market is projected to experience growth driven by the expansion of trade relationships and the modernization of airline and cargo fleets. Factors such as increased digitization, sustainability efforts, and the rising capacity of air freight are expected to contribute to the market's expansion. The conversion of passenger aircraft to freighters is anticipated to address air cargo capacity challenges, particularly due to e-commerce demands. However, the market may face long-term challenges due to stringent regulatory requirements, which could impact freighter operations despite some compliance efforts by operators.

Home Market Analysis Aerospace & Defense Research Aviation Research Aircrafts Research Freighter Aircrafts Research Europe Freighter Aircraft Market Market Size

Market Size of Europe Freighter Aircraft Industry

Europe Freighter Aircraft Market Sumamry
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

Europe Freighter Aircraft Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Europe Freighter Aircraft Industry Segmentation

A cargo aircraft or a freighter aircraft is a fixed-wing aircraft that is designed or converted for the carriage of cargo rather than passengers. Such aircraft usually do not incorporate passenger amenities and generally feature one or more large doors for loading cargo.

The Europe freighter aircraft market is segmented by type, engine type, and geography. By type, the market is segmented into dedicated cargo aircraft and derivative of non-cargo aircraft. By engine type, the market is segmented into turboprop and turbofan. The report also offers the market size and forecasts for four countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Type
Dedicated Cargo Aircraft
Derivative of Non-Cargo Aircraft
Engine Type
Turboprop Aircraft
Turbofan Aircraft
Geography
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Need A Different Region Or Segment?
Customize Now

Europe Freighter Aircraft Market Size Summary

The European freighter aircraft market is poised for growth, driven by the increasing demand for air cargo capacity and the modernization of airline fleets. The market is experiencing a shift towards digitization and sustainability, with air freight becoming an integral part of omnichannel logistics. The rise in passenger-to-freighter conversions is addressing capacity constraints, particularly fueled by the booming e-commerce sector. However, the market faces challenges from stringent regulatory landscapes, which could impede operations despite efforts by some operators to comply. The derivative of the non-cargo aircraft segment remains dominant, as airlines and cargo operators prefer cost-effective solutions like P2F conversions to expand their cargo fleets in response to growing demand.

Germany plays a pivotal role in the European freighter aircraft market, bolstered by its strong economy and strategic trade partnerships, particularly with the US and India. The country's commitment to enhancing trade corridors and supply chains supports the freighter aircraft market's expansion. Major airlines, including Lufthansa, are actively increasing their cargo fleets, with significant orders for new freighter aircraft. The market is semi-consolidated, with key players like Boeing, Airbus, and ATR leading the industry. The introduction of new certifications and approvals for aircraft conversions is expected to further enhance market presence and share. Additionally, partnerships and new entrants are contributing to market fragmentation, indicating a dynamic competitive landscape.

Explore More

Europe Freighter 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 Type

      1. 2.1.1 Dedicated Cargo Aircraft

      2. 2.1.2 Derivative of Non-Cargo Aircraft

    2. 2.2 Engine Type

      1. 2.2.1 Turboprop Aircraft

      2. 2.2.2 Turbofan Aircraft

    3. 2.3 Geography

      1. 2.3.1 Europe

        1. 2.3.1.1 Germany

        2. 2.3.1.2 United Kingdom

        3. 2.3.1.3 France

        4. 2.3.1.4 Russia

        5. 2.3.1.5 Rest of Europe

Europe Freighter Aircraft Market Size FAQs

The Europe Freighter Aircraft Market size is expected to reach USD 770.11 million in 2024 and grow at a CAGR of 4.43% to reach USD 956.53 million by 2029.

In 2024, the Europe Freighter Aircraft Market size is expected to reach USD 770.11 million.

Europe Freighter Aircraft Market Report Snapshots

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