Global Passenger Chartered Air Transport Market Size, Share, Growth, and Trend Analysis (2023 - 2032) | Air Charter Service Group Ltd., Air Partner PLC., Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Passenger Chartered Air Transport Global Market Report 2023 identifies The increasing preference for private charters by ultra-high net worth individuals (UHNWI) as the major driver for the passenger chartered air transport market's growth in the forecast period. Most UHNWI are inclined towards private charters rather than owning jets. In the Asia-Pacific, Australia leads the market with 57 charter jets for 27 billionaires, followed by Singapore, which has 30 charter jets for 28 billionaires.
The global passenger chartered air transport market size will grow from $49.14 billion in 2022 to $52.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 global passenger chartered air transport market size is expected to grow to $66.83 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the passenger chartered air transport market are Air Charter Service Group Ltd., Air Partner PLC., Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC., Gama Aviation PLC., GlobeAir AG, NetJets Aviation Inc., and XO Global LLC.

A key trend in the passenger chartered air transport market includes A custom luxury vacation tour by chartered jet. People are prioritising travel, adventures, and unique experiences, and private chartered jet services are offering customised tours for groups of travellers on round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company that provides round-the-world tours on all-first-class airliners, is now offering personalised tours through bizjet for up to 16 passengers.

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The passenger chartered air transport market is segmented -
• By Type: Private Charter Services, Business Charter Services
• By Size: Light Jets, Mid Sized Jets, Large Jets, Air Liner
• By Capacity: Less than 10, 10-100, Greater than 100
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the passenger chartered air transport market.

The Business Research Company's "Global Passenger Chartered Air Transport Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Passenger Chartered Air Transport Market Include:
1. Executive Summary
2. Passenger Chartered Air Transport Market Characteristics
3. Passenger Chartered Air Transport Market Trends And Strategies
4. Passenger Chartered Air Transport Market - Macro Economic Scenario
5. Passenger Chartered Air Transport Market Size And Growth
…………………….
26. Africa Passenger Chartered Air Transport Market
27. Passenger Chartered Air Transport Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Chartered Air Transport Market
29. Passenger Chartered Air Transport Market Future Outlook and Potential Analysis
30. Appendix

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