Germany aviation industry is expected to see a CAGR of 2.6% during the period (2019-2025). Germany has the largest number of flight movements and the second largest number of passenger traffic in 2019, as per ICAO. The air connectivity in Germany grew by nearly 30.0% between 2013-2018, as per IATA. The contribution of the aviation industry to the German economy is significant. The industry supports around 1.1 million jobs and contributes around $85.7 billion to the economy, accounting for roughly 2.5% of Germany's GDP. The IATA has further released a new study in 2019, showing a more competitive air transport sector in Germany that is expected to generate an additional around $54 billion in GDP for the nation's economy and 400,000 new jobs by 2037.
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Germany aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in Germany is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.
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Moreover, the major Germany-based aviation companies such as Condor Flugdienst GmbH, Deutsche Lufthansa AG, Eurowings GmbH, Air Berlin PLC & Co. Luftverkehrs KG, and SunExpress. The airline companies in Germany are facing the significant impact of the COVID-19 outbreak. Amid the crisis, the company faced a huge loss in revenue generation. The company reported a huge loss of approximately $2.35 billion in the first quarter of 2020. The major loss is due to the fall in the passenger traffic; the company reported a 98% fall in passenger traffic. As of March 2020, the company canceled nearly 95% of its flights due to the travel ban across the globe. The company also indicates that the second quarter will also be heavily impacted by the pandemic.
Market Overview and Insights
Scope of the Report
Analyst Insight & Current Market Trends
• Key Findings
• Recommendations
• Conclusion
Government Support for the Germany Aviation Industry
Supply & Demand Analysis
Industry Overview
• Historical Market Growth Estimation in Germany Aviation Industry Excluding COVID-19 Pandemic Effect
• Deviations in the Germany Aviation Industry Growth Rate Due to COVID-19 Pandemic
Verticals Affected Most
• Cargo Airlines
• Passenger Airlines
• Aircraft Manufacturing
• Airport Management
• Catering & Other Services
Company Profiles
• Air Berlin PLC & Co. Luftverkehrs KG
• Alexander Schleicher GmbH & Co.
• Condor Flugdienst GmbH
• Deutsche Lufthansa AG
• Eurowings GmbH
• Germania Fluggesellschaft mbH
• SunExpress
• TUI Group
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