Air Charter Services Market trends, Top Companies, Share, Growth And Forecast 2032

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 Air Charter Services Global Market Report 2023 identifies the growing demand for cargo charters as the major driver for the air charter services market's growth in the forecast period. 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.

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%.

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Major competitors in the air charter services market are Jet Inc., NetJets Inc., VistaJet Group Holding Ltd., Jet Aviation AG, Wheels Up Partners LLC, Luxaviation Group, Flexjet LLC., Aero Contractors Company,Solairus Aviation, Gama Aviation Ltd., Gama Aviation plc, Travel Management Company LTD., European Air Charter, Jet Linx Aviation Inc., Jet Edge International, Clay Lacy Aviation, Air Charter Services Pvt Ltd, Skybird Aviation Inc., Airshare, Worldwide Jet, Thrive Aviation, Corporate Flight Management, Silverhawk Aviation, ATI Jet, Sky Quest LLC., Verijet, Red Wing Aeroplane Co., Asian Sky Group, Asia Jet Partners Ltd., and GlobeAir AG.

A key trend in the air charter services market includes product innovations. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in October 2022, Air Charter Services, a UK-based air charter company, launched a dedicated time-critical division to consolidate its various services for urgent shipment requests. Several current services are combined under the new air charter services time-critical sub-brand to offer multiple services and a complete door-to-door solution. The new air charter service (ACS) critical time offers integrated trucking solutions, go-now cargo airplane charters with the onboard courier (OBC), and next-flight-out alternatives.

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The air charter services market is segmented -
• By Type: Business Charter Services, Private Charter Services

• By Aircraft Type: Private Jets, Helicopters, Turbo-props, Wide-Body Aircraft

• By Application: Charter Passenger, Charter Freight

• By End-User: Business Travelers, Leisure Travelers, Government And Diplomatic Entities, Sports Teams And Entertainment Industry

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the air charter services market.

The Business Research Company's "Global Air Charter Services 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 Air Charter Services Market Include:
1. Executive Summary
2. Air Charter Services Market Characteristics
3. Air Charter Services Market Trends And Strategies
4. Air Charter Services Market - Macro Economic Scenario
5. Global Air Charter Services Market Size and Growth
……
32. Global Air Charter Services Market Competitive Benchmarking
33. Global Air Charter Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Air Charter Services Market
35. Air Charter Services Market Future Outlook and Potential Analysis
36. Appendix

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