Narrow body Aircraft Market Report 2024 (Global Edition)

Global Narrow body Aircraft Market Report 2024 Market Size Split by Type (Six-abreast Cabin, Five-abreast Cabin, Four-abreast Cabin, Three-abreast Cabin, Two-abreast Cabin), by Application (Self-Suppo...

Narrow body Aircraft Market Report Description

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Competitive Landscape of the Narrow Body Aircraft market

The Competitive Landscape of the Narrow Body Aircraft market is characterized by intense rivalry among major players striving for dominance in this crucial aviation segment. Industry leaders, including Boeing and Airbus, drive competition through the continuous development of advanced narrow-body aircraft models such as the Boeing 737 and Airbus A320 families.

March 2021, Southwest Airlines declared that it had ordered 100 Boeing 737 MAX family planes, with the option to acquire an additional 155. It's likely that these supplies will continue until 2031.

Source-investors.boeing.com/investors/news/press-release-details/2023/Southwest-Airlines-orders-108-additional-Boeing-737-MAX-jets/default.aspx

Top Companies Market Share in Narrow body Aircraft Industry: (In no particular order of Rank)

• Boeing
• Airbus
• Bombardier
• Embraer
• COMAC
• Irkut Corporation
• Tupolev
• Yakovlev
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the Narrow Body Aircraft market share was 40% of the total market

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 4.0% from 2023 to 2030. The region's dominance is attributed to a robust aerospace industry, technological advancements, and a high demand for narrow-body aircraft. In terms of regional analysis, North America showcases a diversified application of narrow-body aircraft across commercial, military, and cargo sectors. The segmentation analysis reflects a preference for fuel-efficient turbofan engines, emphasizing the industry's commitment to environmental sustainability. In conclusion, North America's leadership position is evident in its significant market share, fuelled by a combination of technological innovation, strategic partnerships, and a diverse range of applications, positioning it as a key influencer in the dynamic landscape of the Narrow Body Aircraft market.

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which Asia-Pacific held the fastest growing market of more than 23% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 7.8% from 2023 to 2030. The regional analysis highlights Asia-Pacific's ascendancy, propelled by a burgeoning aviation sector, increasing air travel demand, and a rising middle-class population. In terms of segmentation, Asia-Pacific showcases a diverse application of narrow-body aircraft, including commercial and cargo sectors, with a notable preference for advanced turbofan engines. The conclusion underscores Asia-Pacific's strategic importance as a dynamic hub for narrow-body aircraft activities, emphasizing its pivotal role in driving global market growth, technological innovation, and shaping the future trajectory of the Narrow Body Aircraft market.

The current report Scope analyzes Narrow body Aircraft Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Narrow body Aircraft

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 4.0% from 2023 to 2030. The region's dominance is attributed to a robust aerospace industry, technological advancements, and a high demand for narrow-body aircraft. In terms of regional analysis, North America showcases a diversified application of narrow-body aircraft across commercial, military, and cargo sectors. The segmentation analysis reflects a preference for fuel-efficient turbofan engines, emphasizing the industry's commitment to environmental sustainability. In conclusion, North America's leadership position is evident in its significant market share, fuelled by a combination of technological innovation, strategic partnerships, and a diverse range of applications, positioning it as a key influencer in the dynamic landscape of the Narrow Body Aircraft market.

• According to Cognitive Market Research, the US had a major share in the Narrow Body Aircraft market with a market size of USD XX billion in 2023 and is projected to grow at a CAGR of 3.8% during the forecast period. This is majorly due to the robust aerospace industry, and inclusivity also play key roles in sustaining market growth and demand. 
• The Canada Narrow Body Aircrafts market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR o f4.8% during the forecast period. This is due to the increased technological advancements. 
• The Mexico Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX billion in 2023.

Europe Narrow body Aircraft

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which Europe market held of more than 30% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 4.3% from 2023 to 2030. In terms of market size, Europe boasts a robust aerospace industry, technological expertise, and a well-established network of airlines and aircraft manufacturers. Regionally, the analysis reveals a diverse application of narrow-body aircraft, catering to both commercial and military sectors. The segmentation analysis emphasizes the preference for advanced turbofan engines, aligning with the industry's focus on fuel efficiency and environmental sustainability. In conclusion, Europe's influential position in the market is evident in its considerable market share, driven by technological innovation, a strong market presence in commercial aviation, and a commitment to shaping the future of narrow-body aircraft within the global aerospace landscape. 

• According to Cognitive Market Research, the Germany Narrow Body Aircraft market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 4.5% during the forecast period. This is majorly due to the robust aerospace industry, technological expertise, and inclusivity also play key roles in sustaining market growth and demand. 
• The United Kingdom Narrow Body Aircrafts market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 5.1% during the forecast period. This is due to the increased efficiency and environmental sustainability. 
• The France Narrow Body Aircrafts market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD XX billion in 2023.
• The Italy Narrow Body Aircrafts market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX billion in 2023.
• The Russia Narrow Body Aircrafts market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD XX billion in 2023.
• The Spain Narrow Body Aircrafts market is projected to witness growth at a CAGR of 3.4%during the forecast period with a market size of USD XX billion in 2023.
• The Portugal Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD XX billion in 2023.
• The Luxembourg Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD XX billion in 2023.
• The Greece Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX billion in 2023.
• The Rest of Europe Narrow Body Aircrafts market is projected to witness growth at a CAGR of 3.0% during the forecast period with a market size of USD XX billion in 2023.

Asia Pacific Narrow body Aircraft

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which Asia-Pacific held the fastest growing market of more than 23% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 7.8% from 2023 to 2030. The regional analysis highlights Asia-Pacific's ascendancy, propelled by a burgeoning aviation sector, increasing air travel demand, and a rising middle-class population. In terms of segmentation, Asia-Pacific showcases a diverse application of narrow-body aircraft, including commercial and cargo sectors, with a notable preference for advanced turbofan engines. The conclusion underscores Asia-Pacific's strategic importance as a dynamic hub for narrow-body aircraft activities, emphasizing its pivotal role in driving global market growth, technological innovation, and shaping the future trajectory of the Narrow Body Aircraft market.

• According to Cognitive Market Research, the China Narrow Body Aircraft market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 7.3% during the forecast period. This is majorly due to the growing, increasing air travel demand, and a rising middle-class population and inclusivity also play key roles in sustaining market growth and demand. 
• The India Narrow Body Aircrafts market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 9.6% during the forecast period. This is due to the increased dynamic hub for narrow-body aircraft activities, emphasizing its pivotal role. 
• The Japan Narrow Body Aircrafts market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD XX billion in 2023.
• The South Korea Narrow Body Aircrafts market is projected to witness growth at a CAGR of 6.9%during the forecast period with a market size of USD XX billion in 2023.
• The Australia Narrow Body Aircrafts market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD XX billion in 2023.
• The South East Asia Narrow Body Aircrafts market is projected to witness growth at a CAGR of 8.8% during the forecast period with a market size of USD XX billion in 2023.
• The Rest of Asia Pacific Narrow Body Aircrafts market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD XX billion in 2023.

South America Narrow body Aircraft

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which Latin America  market held of more than 5% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 5.2% from 2023 to 2030.. In terms of market size, Latin America showcases a unique market landscape influenced by economic considerations and diverse aviation needs. Regionally, the analysis indicates a moderate application of narrow-body aircraft, primarily for commercial purposes. The segmentation analysis underscores the prevalence of fuel-efficient turbofan engines. In conclusion, while Latin America's market share is relatively modest, its strategic importance lies in the region's commitment to modernize its aviation sector, improve regional connectivity, and address specific operational needs, positioning it as a dynamic player with growth potential in the evolving landscape of the Narrow Body Aircraft market.

 

• According to Cognitive Market Research, the Brazil Narrow Body Aircraft market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 5.8% during the forecast period. This is majorly due to the growing economic considerations and diverse aviation needs, and inclusivity also play key roles in sustaining market growth and demand. 
• The Argentina Narrow Body Aircrafts market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 6.1% during the forecast period. This is due to the increased technological advancements. 
• The Colombia Narrow Body Aircrafts market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX billion in 2023.
• The Peru Narrow Body Aircrafts market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD XX billion in 2023.
• The Chile Narrow Body Aircrafts market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX billion in 2023.
• The Rest of Latin America Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX billion in 2023.

Middle East and Africa Narrow body Aircraft

According to Cognitive Market Research, the global Narrow Body Aircraft market size was estimated at USD XX Billion out of which Middle East and Africa market held of more than 2.00% of the global revenue with a market size of USD XX billion in 2023 and will grow at a CAGR of 5.5% from 2023 to 2030. In terms of market size, the region displays a growing aviation sector with an emphasis on modernization. Regional analysis indicates a gradual adoption of narrow-body aircraft, reflecting an increasing need for efficient and versatile air travel solutions. The segmentation analysis highlights a preference for advanced turbofan engines. In conclusion, while the market share in the Middle East and Africa is relatively small, the region's strategic importance is evident in its commitment to advancing aviation infrastructure, catering to evolving air travel demands, and contributing to the overall dynamics of the Narrow Body Aircraft market in the global aerospace landscape.

• According to Cognitive Market Research, the GCC Countries Narrow Body Aircraft market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 6.3%during the forecast period. This is majorly due to the growing aviation sector with an emphasis on modernization, and inclusivity also play key roles in sustaining market growth and demand. 
• The South Africa Narrow Body Aircrafts market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. This is due to the increasing need for efficient and versatile air travel solutions. 
• The Egypt Narrow Body Aircrafts market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD XX billion in 2023.
• The Turkey Narrow Body Aircrafts market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD XX billion in 2023.
• The Nigeria Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX billion in 2023.
• The Rest of MEA Narrow Body Aircrafts market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX billion in 2023.

Narrow body Aircraft Market Analysis

Narrow Body Aircraft Market Type Segment Analysis

According to Cognitive Market Research, the dominant category is the Six-abreast Cabin configuration. This layout, typically found in aircraft like the Boeing 737 and Airbus A320, strikes a balance between passenger capacity and operational efficiency. Airlines often prefer the six-abreast cabin for its ability to accommodate a significant number of passengers while optimizing fuel efficiency and maintaining competitive operational costs. This category aligns with the industry's focus on meeting the demands of short to medium-haul routes efficiently, making it the prevailing choice for many airlines operating in the narrow-body aircraft market.

The fastest-growing category in the Narrow Body Aircraft market is the Five-abreast Cabin configuration. This layout, exemplified by emerging models such as the Airbus A220, represents a trend toward enhanced passenger comfort and fuel efficiency. The five-abreast cabin allows for wider seats and improved passenger experience, appealing to airlines seeking a competitive edge in passenger satisfaction. The industry's focus on a more spacious and comfortable travel experience, especially for longer regional routes, propels the growth of the five-abreast cabin configuration, marking it as the fastest-growing category in the dynamic landscape of narrow-body aircraft.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Narrow body Aircraft Industry. Request a Free Sample PDF!

Narrow Body Aircraft Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Aircraft Lease. Airlines aiming for fleet flexibility and cost-effective operations often opt for leasing narrow-body aircraft rather than self-support models. Leasing allows carriers to access the latest aircraft technology without the upfront capital investment, providing financial flexibility and the ability to adapt to changing market demands. This dominant category aligns with the industry's strategic approach to managing operational costs and navigating market uncertainties, making aircraft leasing a prevalent choice among airlines in the narrow-body aircraft market.

The fastest-growing category in the Narrow Body Aircraft market is Self-Support. This trend reflects an emerging preference among airlines for self-support models, driven by a desire for greater control over fleets and long-term cost savings. Airlines seeking to tailor their fleets to specific operational needs and capitalize on the benefits of aircraft ownership are contributing to the growth of the self-support category. The industry's evolving dynamics and varying financial strategies among airlines contribute to the increasing prominence of self-support applications in the dynamic landscape of narrow-body aircraft.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Narrow body Aircraft Range Segment Analysis

According to Cognitive Market Research, the dominant category is the Medium Range. This range configuration, encompassing aircraft designed for distances between approximately 2,000 to 4,000 nautical miles, strikes a balance between fuel efficiency and versatility. The medium-range narrow-body aircraft, such as the Boeing 737 MAX and Airbus A320neo, are favored by airlines for their ability to cover a broad spectrum of routes, including both short-haul and longer regional flights. The dominance of the medium-range category reflects the industry's focus on flexibility, catering to diverse travel demands and operational requirements within the narrow-body aircraft market.

The fastest-growing category in the Narrow Body Aircraft market is the Long Range configuration. Advancements in technology, including more fuel-efficient engines and improved aerodynamics, are enabling the development of narrow-body aircraft with extended range capabilities. Airlines are increasingly investing in long-range narrow-body models like the Airbus A321XLR to connect distant destinations with direct, non-stop flights. The fastest-growing status of the long-range category signifies a growing trend toward point-to-point connectivity on longer routes, reducing the need for layovers and enhancing the overall efficiency and competitiveness of narrow-body aircraft in the evolving aviation market.

• Short
• Medium
• Long

Narrow body Aircraft Engine Type Segment Analysis

According to Cognitive Market Research, the dominant category is Turbofan Engines. These engines have established themselves as the powerhouse for narrow-body aircraft, providing a balance between high thrust, fuel efficiency, and lower noise levels. Widely used in popular models like the Boeing 737 and Airbus A320 families, turbofan engines cater to the demands of short to medium-haul flights, offering the optimal combination of performance and operational economics. The dominance of turbofan engines reflects the industry's commitment to meeting stringent environmental standards, enhancing fuel efficiency, and ensuring passenger comfort in the competitive landscape of narrow-body aircraft.

The fastest-growing category in the Narrow Body Aircraft market is Turboprop Engines. Traditionally associated with regional and smaller aircraft, modern turboprop engines are experiencing resurgence in narrow-body aircraft applications. With advancements in technology, turboprop engines offer improved fuel efficiency, lower operating costs, and enhanced reliability. The fastest-growing status of turboprop engines highlights a trend toward exploring more fuel-efficient options for shorter routes and regional connectivity, making them increasingly attractive for certain segments of the narrow-body aircraft market.

• Turbofan
• Turboprop

Narrow body Aircraft End User Segment Analysis

According to Cognitive Market Research, the dominant category is Commercial. The commercial sector overwhelmingly drives the demand for narrow-body aircraft, as airlines seek fuel-efficient, cost-effective, and growing demand for point-to-point travel and regional connectivity. Narrow-body aircraft, exemplified by popular models like the Boeing 737 and Airbus A320 families, are the workhorses of commercial aviation. The dominance of the commercial category is underscored by airlines' continuous fleet expansion, modernization efforts, and the need to optimize operational efficiency in a highly competitive market.

The fastest-growing category in the Narrow Body Aircraft market is Military. The military sector is witnessing an uptick in the adoption of narrow-body aircraft for various applications, including troop transport, cargo, and surveillance. The versatility and adaptability of narrow-body platforms, such as the Boeing P-8 Poseidon, contribute to the sector's interest in these aircraft. The fastest-growing status of the military category indicates an evolving trend as defense forces recognize the operational advantages and cost-effectiveness of incorporating narrow-body aircraft into their fleets, addressing a variety of strategic and tactical requirements.

• Commercial
• Military

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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