Air Charter Services Market has valued at US$ 27.66 Bn. in 2022. Global Market size is estimated to grow at a CAGR of 3.4% over the forecast period.Air Charter Services Market Overview:
A charter flight is an unscheduled flight that does not follow a regular airline route. A charter flight allows user to rent a complete plane and choose departure & arrival times and locations. Unlike scheduled flights, seats can be purchased separately from a charter firm or as a part of a trip package by tour operators. The market analyzes and forecasts the market size in terms of value for the market. Further, the Market is segmented by Type, Application, and Region. Based on Type, the market is segmented under Business Charter Services and Private Charter Services. Based on the Application, the market is segmented under the Charter Passenger and Charter Freight. Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The report investigates the market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Air Charter Services Market Dynamics:
The increased demand in the air cargo market is a positive outlook for air cargo providers and cargo charter operators, who are expected to boost the global market during the forecast period. The factors attributed to the growing demand are the shift towards aircraft rental, the development of membership programs, and the growing demand for cargo charters. Owing to the increasing customer demand for fast and immediate delivery products, the number of shipments sent by air has increased in a few years. This trend is expected to continue and drive the market during the forecast period. The Factors attributed to the market growth are time constraints, last-minute capacity, and unexpected applications, which are fueling the adoption of charter flights and increasing the market for charter services. The market for air charter services is fragmented. The trend toward aircraft rental will provide opportunities for the growth of the market vendors. High Cost of Services, along with Absence of Skilled Pilot: The High skilled pilot and high costs of air charter services are expected to provide a significant challenge to the market's growth pace. The cost of Air Charter Services’ research and development will further suppress the market's growth. A scarcity of skilled/trained individuals, along with a lack of technology experience, is expected to hamper the market growth. The volatility of aviation fuel prices is a constraint on the growth of the market. The Air Charter services recorded strong growth and sales of US $1.8 billion for the year ended January 31, 2022. The company’s global footprint and diverse business models have proven to be very attractive to existing and new clients addressing pandemic travel and logistics challengesAir Charter Services Market Segment Analysis:
Based on the Product Type, in 2022, the private charter services held a significant market share. The company’s largest charter division is the private jet division, with an increment of 40% growth year on year. This has grown 20% higher than the pre-pandemic level, compared to the expected 7.5% growth in flights for the charter sector, showing a large increase in market share. Some of its advantages are enhanced productivity, onboard office, and security & confidentiality. During the forecast period, the business charter services are expected to hold the greatest market share because of the growth in corporate earnings and time saved by employees, which is a fundamental benefit of aviation. It provides professional and quality services, privacy, reduced stress, and a time-saving experience.Based on the Application, charter freight is anticipated to grow fast because of the benefits of rapid, timely response, traceable delivery, and secure transportation. The charter passenger segment is expected to grow at significant CAGR of 3.1% through the forecast period. The market is expected to grow because it provides reliability, viability, manageability, scalability, flexibility, and convenience.
Regional Insights:
North America dominated the global aviation charter services market share accounting for 31% in 2022, owing to the increasing ease with which individuals can access private aircraft and the attractiveness of the air charter market in this region. The North America region is expected to witness a significant growth at a CAGR of 3.8% through the forecast period. There were 21,979 business aircraft jets across the world. North America had the highest number of private jets with 15,547, Europe had 2760, and Australia & Oceania had 230 active business aircraft in 2022. The market for Air Charter Services in APAC has a lot of potential because of the rise in China’s economic sector, making it the fastest increasing region with a CAGR of 6.2% and expected to reach a market size of US$6.8 Billion by 2029 because of the big number of businesses and wealthy individuals in China, and the rising number of airports, China appears to offer attractive growth potential for the Air Charter Services model. The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Market dynamic and structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.Air Charter Services Market Scope: Inquire before buying
Global Air Charter Services Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 27.66 Bn. Forecast Period 2023 to 2029 CAGR: 3.4% Market Size in 2029: US $ 34.96 Bn. Segments Covered: by Type Business Charter Services Private Charter Services by Application Charter Passenger Charter Freight Air Charter Services Market, by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players are:
1. Air Charter Service India Pvt Ltd. 2. Gama Aviation 3. Air Partner 4. NetJets 5. Delta Private Jets 6. Asia Jet Partners Ltd. 7. Flexjet LLC 8. GlobeAir AG 9. Jet Aviation AG 10. Jet Linx Aviation Inc. 11. VistaJet Group Holding Ltd. 12. Wheels Up Partners LLC 13.TMC Jets Frequently Asked Questions: 1] What segments are covered in the Global Air Charter Services Market report? Ans. The segments covered in the Market report are based on Type and Application. 2] Which region is expected to hold the highest share in the Global Air Charter Services Market? Ans. The North American region is expected to hold the highest share in the Market. 3] What is the market size of the Global Air Charter Services Market by 2029? Ans. The market size of the Market by 2029 is expected to reach US$ 34.96 Bn. 4] What is the forecast period for the Global Air Charter Services Market? Ans. The forecast period for the Market is 2023-2029. 5] What was the market size of the Global Air Charter Services Market in 2022? Ans. The market size of the Air Charter Services Market in 2022 was valued at US$ 27.66 Bn.
1. Air Charter Services Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Air Charter Services Market: Dynamics 2.1. Air Charter Services Market Trends by Region 2.1.1. North America Air Charter Services Market Trends 2.1.2. Europe Air Charter Services Market Trends 2.1.3. Asia Pacific Air Charter Services Market Trends 2.1.4. Middle East and Africa Air Charter Services Market Trends 2.1.5. South America Air Charter Services Market Trends 2.2. Air Charter Services Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Air Charter Services Market Drivers 2.2.1.2. North America Air Charter Services Market Restraints 2.2.1.3. North America Air Charter Services Market Opportunities 2.2.1.4. North America Air Charter Services Market Challenges 2.2.2. Europe 2.2.2.1. Europe Air Charter Services Market Drivers 2.2.2.2. Europe Air Charter Services Market Restraints 2.2.2.3. Europe Air Charter Services Market Opportunities 2.2.2.4. Europe Air Charter Services Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Air Charter Services Market Drivers 2.2.3.2. Asia Pacific Air Charter Services Market Restraints 2.2.3.3. Asia Pacific Air Charter Services Market Opportunities 2.2.3.4. Asia Pacific Air Charter Services Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Air Charter Services Market Drivers 2.2.4.2. Middle East and Africa Air Charter Services Market Restraints 2.2.4.3. Middle East and Africa Air Charter Services Market Opportunities 2.2.4.4. Middle East and Africa Air Charter Services Market Challenges 2.2.5. South America 2.2.5.1. South America Air Charter Services Market Drivers 2.2.5.2. South America Air Charter Services Market Restraints 2.2.5.3. South America Air Charter Services Market Opportunities 2.2.5.4. South America Air Charter Services Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Air Charter Services Industry 2.8. Analysis of Government Schemes and Initiatives For Air Charter Services Industry 2.9. Air Charter Services Market Trade Analysis 2.10. The Global Pandemic Impact on Air Charter Services Market 3. Air Charter Services Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Air Charter Services Market Size and Forecast, by Type (2022-2029) 3.1.1. Business Charter Services 3.1.2. Private Charter Services 3.2. Air Charter Services Market Size and Forecast, by Application (2022-2029) 3.2.1. Charter Passenger 3.2.2. Charter Freight 3.3. Air Charter Services Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Air Charter Services Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Air Charter Services Market Size and Forecast, by Type (2022-2029) 4.1.1. Business Charter Services 4.1.2. Private Charter Services 4.2. North America Air Charter Services Market Size and Forecast, by Application (2022-2029) 4.2.1. Charter Passenger 4.2.2. Charter Freight 4.3. North America Air Charter Services Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Air Charter Services Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Business Charter Services 4.3.1.1.2. Private Charter Services 4.3.1.2. United States Air Charter Services Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Charter Passenger 4.3.1.2.2. Charter Freight 4.3.2. Canada 4.3.2.1. Canada Air Charter Services Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Business Charter Services 4.3.2.1.2. Private Charter Services 4.3.2.2. Canada Air Charter Services Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Charter Passenger 4.3.2.2.2. Charter Freight 4.3.3. Mexico 4.3.3.1. Mexico Air Charter Services Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Business Charter Services 4.3.3.1.2. Private Charter Services 4.3.3.2. Mexico Air Charter Services Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Charter Passenger 4.3.3.2.2. Charter Freight 5. Europe Air Charter Services Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.2. Europe Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3. Europe Air Charter Services Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Air Charter Services Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Air Charter Services Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Air Charter Services Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Air Charter Services Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Air Charter Services Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Air Charter Services Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Air Charter Services Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Air Charter Services Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Air Charter Services Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Air Charter Services Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Air Charter Services Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Air Charter Services Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Air Charter Services Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Air Charter Services Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Air Charter Services Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Air Charter Services Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Air Charter Services Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Air Charter Services Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Air Charter Services Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Air Charter Services Market Size and Forecast, by Application (2022-2029) 8. South America Air Charter Services Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Air Charter Services Market Size and Forecast, by Type (2022-2029) 8.2. South America Air Charter Services Market Size and Forecast, by Application (2022-2029) 8.3. South America Air Charter Services Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Air Charter Services Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Air Charter Services Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Air Charter Services Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Air Charter Services Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Air Charter Services Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Air Charter Services Market Size and Forecast, by Application (2022-2029) 9. Global Air Charter Services Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Air Charter Services Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Air Charter Service India Pvt Ltd. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Gama Aviation 10.3. Air Partner 10.4. NetJets 10.5. Delta Private Jets 10.6. Asia Jet Partners Ltd. 10.7. Flexjet LLC 10.8. GlobeAir AG 10.9. Jet Aviation AG 10.10. Jet Linx Aviation Inc. 10.11. VistaJet Group Holding Ltd. 10.12. Wheels Up Partners LLC 10.13. TMC Jets 11. Key Findings 12. Industry Recommendations 13. Air Charter Services Market: Research Methodology 14. Terms and Glossary