The Business Research Company’s Cargo Aircraft Charter Service 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 Cargo Aircraft Charter Service Global Market Report 2023 evaluates cargo aircraft charter service 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 cargo aircraft charter services market is expected to grow from $9.00 billion in 2022 to $9.66 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The cargo aircraft charter services market is expected to reach $13.00 billion in 2027 at a CAGR of 7.7%.
Increasing passengers for air travel is expected to propel the growth of the cargo aircraft charter service market going forward. Air passengers refer to people who travel by air on commercial airlines or private aircraft for a variety of reasons. Cargo aircraft charter services can help passengers in a variety of situations, including natural disasters or humanitarian emergencies, transportation of important products, business travel, and specialized services. For instance, in March 2023, according to the Bureau of Transportation Statistics, a US-based government agency, the number of passengers carried by American Airlines increased by 30% from 658 million in 2021 to 853 million in 2022. Therefore, increasing passengers for air travel is driving the growth of the cargo aircraft charter service market.
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The cargo aircraft charter service market segments in the report are:
1) By Type: Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Other Types
2) By Aircraft Type: Light, Mid-Sized, Large
3) By Application: Private Use, Commercial Use
The table of contents in TBRC’s cargo aircraft charter service market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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