The Business Research Company’s Air Charter Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Air Charter Services Global Market Report 2023 evaluates air charter services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global air charter services market is expected to grow from $27.88 billion in 2022 to $29.65 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The air charter services market is expected to reach $36.11 billion in 2027 at a CAGR of 5.1%.
The growing demand for cargo charters is expected to propel the growth of the air charter services market going forward. Cargo charters refer to cargo carriers that land at the airport less than fourteen times in any given calendar year and are not scheduled to serve the airport. Air cargo charters transport specialized cargo, such as hazardous materials or oversized cargo, which may not be suitable for traditional air cargo services and provide fast and efficient transportation of goods, even to remote areas that may be difficult to reach by other means of transportation. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association, in 2021, aviation cargo volumes increased by 18.7% yearly, and available cargo ton-kilometers (ACTKs) increased by 13.8% compared to 2020. Therefore, the growing demand for cargo charters is driving the growth of the air charter services market.
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The air charter services market segments in the report are:
1) By ype: Business Charter Services, Private Charter Services
2) By Aircraft Type: Private Jets, Helicopters, Turbo-props, Wide-Body Aircraft
3) By Application: Charter Passenger, Charter Freight
4) By End-User: Business Travelers, Leisure Travelers, Government And Diplomatic Entities, Sports Teams And Entertainment Industry
The table of contents in TBRC’s air charter services market report includes:
- Executive Summary
- Air Charter Services Market Characteristics
- Air Charter Services Market Trends And Strategies
- Air Charter Services Market – Macro Economic Scenario
5.1. Global Air Charter Services Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
- Air Charter Services Market Segmentation
- Air Charter Services Market Regional And Country Analysis
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- Brazil Air Charter Services Market
- Middle East Air Charter Services Market
- Africa Air Charter Services Market
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