Air Charter Services Market size to grow by USD 8,827.65 million|Increasing demand for cargo charter services drives the market – Technavio

NEW YORK, July 5, 2023 /PRNewswire/ — The air charter services market is set to grow by USD 8,827.65 million from 2022 to 2027, progressing at a CAGR of 5.37% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The major factor driving the air charter services market growth is the increasing demand for cargo charter services. The increase in air cargo volumes has a favorable opportunity for air cargo providers and cargo charter operators. Also, this leads to the renewal of long-term charter contracts. The significant reason for the growing demand for cargo charter operators is the shipment of oversized and difficult-to-fit products in comparison to the standard logistic containers and aircraft used by air cargo operators. Moreover, the major reasons behind the upsurge in volume are last-minute capacity, unforeseen complications, time constraints, and other urgent factors. Further, the other factors that drive the decision to engage cargo charter operators are the nature of the freight, the use of remote or makeshift airstrips, and the use of airports that are not serviced by scheduled airlines. In terms of commercial cargo, the growing demand for e-commerce has influenced cargo charter services significantly, and it is anticipated to grow further during the forecast period. –Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The air charter services market covers the following areas:

The report on the air charter services market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Air Charter Services Market 2023-2027 – Market Dynamics

Major Trends

The primary trend driving the air charter services market growth is the innovative additions to charter service portals.  Air charter booking websites like PrivateFly, JetSetGo, and BookMyCharters have changed the whole scenario of private jet booking, creating it as comfortable as booking a cab online. These online platforms enable customers to book a private jet fast and easily accessible by just selecting or entering a few mandated details about the journey, such as the departure and arrival location and time, the date of the journey, and the number of passengers. Also, in addition to instant bookings, such portals offer other information and tools to gain the knowledge required and make better decisions as per the customer requirements without involving any middleman. Therefore, such elimination of a middleman or agent also lowers the cost significantly, which will boost the market growth during forecast growth.

Significant Challenge

The major challenge hindering the air charter services market growth is the volatility in aviation fuel prices. The prevalence of charter service providers uses fuel-powered business jets. These business jets account for a major share of the global aviation market. Fuel cost is the major component of the overall charter price paid by the customer and accounts for approximately one-fourth of the total price. They offer customers the freedom of selecting from different service operators for each flight since air charter services are priced on a pay-as-you-go basis. In 2021, due to an increment of 6.5% in the prices of aviation fuel, the total sales of conventional fuel-powered light aircraft witnessed a considerable drop during the same period. International crises, such as wars, create a surge in fuel prices. Technavio expects fuel prices to surge by 40.65% due to global factors in play, such as the Organization of the Petroleum Exporting Countries (OPEC) limiting its output, the US pulling out of the nuclear agreement with Iran, and the decline in Venezuelan oil output. A surge in fuel prices may restrict the potential interest of buyers, as the same will expand the cost of travel associated with each trip, lowering the viability of this mode of transport.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Air Charter Services Market 2023-2027: Market Segmentation

The air charter services market is segmented by application (charter passenger, charter freight, and others), type (business charter services and private charter services), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The market share growth by the charter passenger segment will be significant during the forecast period. For the business aviation industry, the vendors are looking for an end-to-end payment platform that is specifically designed. It has brought a revolution in the business aviation payment industry, significantly contributing to the growth of the global air charter services market by easing out payment transactions. Developing economies like India are trying to achieve a higher market share in the global air charter services market by increasing their performance standards and enhancing infrastructure to promote growth and connectivity. Moreover, the vendors are looking for an end-to-end payment platform that is particularly developed for the business aviation industry. It has brought a revolution in the business aviation payment industry, greatly contributing to the growth of the global air charter services market by easing out payment transactions. 

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• Air Charter Service India Pvt. Ltd.
• Air Charters Europe NV
• Air Partner Ltd.
• Asia Jet Sdn Bhd
• ASIAN SKY GROUP
• BlueStar Air Services
• European Air Charter
• Flexjet LLC
• Gama Aviation Plc
• GlobeAir AG
• Jet Aviation AG
• Jet Linx Aviation LLC
• Luxaviation S.A.
• NetJets Aviation Inc.
• PrivateFly Ltd.
• Solairus Aviation
• TAG Aviation
• VistaJet Group Holding Ltd.
• Wheels Up Partners LLC

Vendors Offerings

• Air Charter Service India Pvt. Ltd. – The company offers private charter, group charter, cargo charter, and specialist solutions.
• Asia Jet Sdn Bhd – The company offers air charter services that fulfill strict schedules and attend a number of meetings in different cities, or carry out several site visits in a single day.
• Air Partner Ltd. – The company offers air charter services by transferring freight from one place to another regardless the size or weight and comes with an in-house tracking system.

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The airport handling services market is estimated to grow at a CAGR of 6.8% between 2022 and 2027. The size of the market is forecast to increase by USD 56.02 billion. This report extensively covers market segmentation by type (international and domestic), service (GSHS and CHS), and geography (APAC, North America, Europe, Middle East and Africa, and South America). Increasing demand for cargo charter services is driving the air charter services market growth. 

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Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global air charter services market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global air charter services market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Geography Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.4 Type Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Charter passenger – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Charter passenger – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Charter passenger – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Charter passenger – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Charter passenger – Year-over-year growth 2022-2027 (%)

• 6.4 Charter freight – Market size and forecast 2022-2027
• Exhibit 38: Chart on Charter freight – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Charter freight – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Charter freight – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Charter freight – Year-over-year growth 2022-2027 (%)

• 6.5 Others – Market size and forecast 2022-2027
• Exhibit 42: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type – Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Business charter services – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Business charter services – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Business charter services – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Business charter services – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Business charter services – Year-over-year growth 2022-2027 (%)

• 7.4 Private charter services – Market size and forecast 2022-2027 
• Exhibit 55: Chart on Private charter services – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Private charter services – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Private charter services – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Private charter services – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 UK – Market size and forecast 2022-2027
• Exhibit 89: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.12 Singapore – Market size and forecast 2022-2027
• Exhibit 101: Chart on Singapore – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Singapore – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Singapore – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Singapore – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Air Charter Service India Pvt. Ltd.
• Exhibit 112: Air Charter Service India Pvt. Ltd. – Overview
• Exhibit 113: Air Charter Service India Pvt. Ltd. – Product / Service
• Exhibit 114: Air Charter Service India Pvt. Ltd. – Key offerings

• 12.4 Air Partner Ltd. 
• Exhibit 115: Air Partner Ltd. – Overview
• Exhibit 116: Air Partner Ltd. – Product / Service
• Exhibit 117: Air Partner Ltd. – Key offerings

• 12.5 Asia Jet Sdn Bhd 
• Exhibit 118: Asia Jet Sdn Bhd – Overview
• Exhibit 119: Asia Jet Sdn Bhd – Product / Service
• Exhibit 120: Asia Jet Sdn Bhd – Key offerings

• 12.6 ASIAN SKY GROUP 
• Exhibit 121: ASIAN SKY GROUP – Overview
• Exhibit 122: ASIAN SKY GROUP – Product / Service
• Exhibit 123: ASIAN SKY GROUP – Key offerings

• 12.7 Flexjet LLC 
• Exhibit 124: Flexjet LLC – Overview
• Exhibit 125: Flexjet LLC – Product / Service
• Exhibit 126: Flexjet LLC – Key news
• Exhibit 127: Flexjet LLC – Key offerings

• 12.8 Gama Aviation Plc 
• Exhibit 128: Gama Aviation Plc – Overview
• Exhibit 129: Gama Aviation Plc – Business segments
• Exhibit 130: Gama Aviation Plc – Key offerings
• Exhibit 131: Gama Aviation Plc – Segment focus

• 12.9 GlobeAir AG 
• Exhibit 132: GlobeAir AG – Overview
• Exhibit 133: GlobeAir AG – Product / Service
• Exhibit 134: GlobeAir AG – Key news
• Exhibit 135: GlobeAir AG – Key offerings

• 12.10 Jet Aviation AG 
• Exhibit 136: Jet Aviation AG – Overview
• Exhibit 137: Jet Aviation AG – Product / Service
• Exhibit 138: Jet Aviation AG – Key news
• Exhibit 139: Jet Aviation AG – Key offerings

• 12.11 Jet Linx Aviation LLC 
• Exhibit 140: Jet Linx Aviation LLC – Overview
• Exhibit 141: Jet Linx Aviation LLC – Product / Service
• Exhibit 142: Jet Linx Aviation LLC – Key news
• Exhibit 143: Jet Linx Aviation LLC – Key offerings

• 12.12 Luxaviation S.A. 
• Exhibit 144: Luxaviation S.A. – Overview
• Exhibit 145: Luxaviation S.A. – Product / Service
• Exhibit 146: Luxaviation S.A. – Key offerings

• 12.13 NetJets Aviation Inc. 
• Exhibit 147: NetJets Aviation Inc. – Overview
• Exhibit 148: NetJets Aviation Inc. – Product / Service
• Exhibit 149: NetJets Aviation Inc. – Key news
• Exhibit 150: NetJets Aviation Inc. – Key offerings

• 12.14 PrivateFly Ltd. 
• Exhibit 151: PrivateFly Ltd. – Overview
• Exhibit 152: PrivateFly Ltd. – Product / Service
• Exhibit 153: PrivateFly Ltd. – Key offerings

• 12.15 Solairus Aviation 
• Exhibit 154: Solairus Aviation – Overview
• Exhibit 155: Solairus Aviation – Product / Service
• Exhibit 156: Solairus Aviation – Key offerings

• 12.16 TAG Aviation 
• Exhibit 157: TAG Aviation – Overview
• Exhibit 158: TAG Aviation – Product / Service
• Exhibit 159: TAG Aviation – Key offerings

• 12.17 VistaJet Group Holding Ltd. 
• Exhibit 160: VistaJet Group Holding Ltd. – Overview
• Exhibit 161: VistaJet Group Holding Ltd. – Product / Service
• Exhibit 162: VistaJet Group Holding Ltd. – Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

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