The Germany aviation industry will see a considerable growth of 2.6% during the forecast period. 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.
Browse the full report description of "Germany Aviation Market Size, Share & Trends Analysis Report by Type (Passenger Airlines, Cargo Airlines, Aircraft Manufacturing, Airport Management, and Catering & Other Services), Impact of COVID-19 on Germany Aviation Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/germany-aviation-market
Amidst the outbreak of the COVID-19 pandemic since March 2020, the aviation industry of Germany has seen a considerable upheaval. The movement of flights has decreased by nearly 50% from January-May 2019 when compared to the same period of the period year. The companies operating in the aviation industry in Germany have claimed to foresee a huge loss in revenue of 2020. For instance, Lufthansa Group 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. The company also indicates that the second quarter will also be heavily impacted by the pandemic. Therefore, a considerable loss in the market value of the aviation industry can be expected in 2020. Though, post the COVID-19 outbreak, Germany is expected to register significant growth in the recovery of its aviation industry, projecting a growth rate of 2.6% during the forecast period.
Market Coverage
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Report Elements |
Details |
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Study Period |
2018-2025 |
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Base year |
2018 |
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Forecast period |
2019-2025 |
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Segments Covered |
By Type |
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Key Companies Profiled |
Condor Flugdienst GmbH,
Deutsche Lufthansa AG, Eurowings GmbH, Air Berlin PLC & Co. Luftverkehrs
KG, and SunExpress |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
Germany Aviation Market – Segmentation
By Type
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