The Business Research Company’s latest report Passenger Air Transport Market Report 2020 covers Passenger Air Transport market drivers, Passenger Air Transport market trends, Passenger Air Transport market segments, Passenger Air Transport market growth rate, Passenger Air Transport market major players, and Passenger Air Transport market size. The report provides in-depth analysis of the impact of COVID-19 on the Passenger Air Transport industry, along with revised market numbers due to the effects of the coronavirus.
Passenger Air Transport Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The passenger air transport market is expected to decline from $641.8 billion in 2019 to $628.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $765.1 billion in 2023.
The report covers the Passenger Air Transport market’s segments-
1) By Type: Domestic Air Passengers, International Air Passengers
2) By Class: Business Class, Economy Class.
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