Air Charter Services market: Analysts Predict Market to Reach New Heights by 2033

The new report published by The Business Research Company, titled Air Charter Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the air charter services market size has grown strongly in recent years. It will grow from $29.65 billion in 2023 to $31.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The air charter services market size is expected to see strong growth in the next few years. It will grow to $38.17 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.

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Rising Demand For Cargo Charters Fueling Growth In The Air Charter Services Market
The growing demand for cargo charters is expected to propel the growth of the air charter services market going forward. 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. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association, in 2021, aviation cargo volumes increased by 18.7% yearly, and available cargo ton-kilometers (ACTKs) increased by 13.8%. Therefore, the growing demand for cargo charters is driving the growth of the air charter services market.

Innovative Solutions Propel Air Charter Services Market
Product innovation has emerged as a key trend gaining popularity in the air charter services market. 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.

The air charter services market covered in this report is segmented -

1) By Type: Business Charter Services, Private Charter Services
2) By Aircraft Type: Private Jets, Helicopters, Turbo-props, Wide-Body Aircraft
3) By Application: Charter Passenger, Charter Freight
4) By End-User: Business Travelers, Leisure Travelers, Government And Diplomatic Entities, Sports Teams And Entertainment Industry

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Major companies operating in the air charter services market report 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., GlobeAir AG.

Contents of the report:
1. Executive Summary
2. Air Charter Services Market Report Structure
3. Air Charter Services Market Trends And Strategies
4. Air Charter Services Market - Macro Economic Scenario
5. Air Charter Services Market Size And Growth
…..
27. Air Charter Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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