Press release
Passenger Chartered Air Transport Market Size to Reach $78.76 Billion by 2029 | Growth at 7.8% CAGR Forecast
Passenger Chartered Air Transport Market
What is the Projected Market Size of the Passenger Chartered Air Transport Industry?
In the past few years, there has been substantial growth in the market size of passenger chartered air transport. It is expected to rise from $54.22 billion in 2024 to an impressive $58.32 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.5%. Factors contributing to the growth experienced in the historic period include demand for corporate travel, high-end and premium travel, the event and entertainment sector, efficient and flexible timings, as well as group travels and special events.
What Will Be the Size of the Passenger Chartered Air Transport Market by 2029?
The charter airline industry for passengers is projected to experience robust expansion in the upcoming years. The market size is forecasted to reach $78.76 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.8%. This anticipated growth during the forecast period can be tied to factors such as corporate events, incentive travels, bespoke travel experiences, the upsurge of affluent individuals, improved awareness and marketing, as well as global events and exhibitions. The forecast period has key trends such as corporate and business charter services, customizable holiday packages, initiatives towards ecological sustainability, collaborations with luxury service firms, and amenities focused on health and wellness.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/passenger-chartered-air-transport-global-market-report
What Are the Key Drivers Accelerating Growth in the Passenger Chartered Air Transport Market?
The global passenger-chartered air transport market is expected to be boosted by the growing interest of ultra-high net worth individuals (UHNWI) in private charters instead of owning jets. This is particularly the case in the Asia-Pacific region, led by Australia with its 57 charter jets for 27 billionaires, closely followed by Singapore boasting 30 charter jets for its 28 billionaires. The market's growth has been further supported by the COVID-19 situation, which necessitated maintaining social distances while travelling, prompting UHNWIs to opt for safe, personalized travel solutions. This escalating trend towards private charter flights is, as such, instrumental in propelling the passenger-chartered air transport market's growth.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3637&type=smp
How Is the Passenger Chartered Air Transport Market Segmented by Type, Application, and Region?
The passenger chartered air transport market covered in this report is segmented -
1) By Type: Private Charter Services, Business Charter Services
2) By Size: Light Jets, Mid Sized Jets, Large Jets, Air Liner
3) By Capacity: Less than 10, 10-100, Greater than 100
Subsegments:
1) By Private Charter Services: Luxury Private Jets, Light Jets, Turboprop Aircraft, Helicopters
2) By Business Charter Services: Executive Jets, Mid-Size Jets, Large Jets
3) By Cargo Aircraft For Business Use: Cargo Aircraft
What Are the Key Trends Driving Growth in the Passenger Chartered Air Transport Market?
The trend of personalized luxury holiday tours via private jets is increasingly gaining traction in the global passenger chartered air transportation market. Individuals are emphasizing travel, adventures, and distinctive experiences, with private chartered jet companies now providing tailored tours for travel groups on global expeditions. For example, Abercrombie & Kent (A&K), a high-end travel corporation known for its all-luxury-class global tours, is currently offering bespoke tours on business jets for up to 16 passengers.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=3637&type=smp
Who Are the Leading Companies Driving Growth in the Passenger Chartered Air Transport Market?
Major companies operating in the passenger chartered air transport market include Air Partner Plc, Delta Private Jets Inc., Jet Aviation AG, NetJets Aviation Inc, Flexjet LLC, Clay Lacy Aviation, Wheels Up Experience Inc., VistaJet Group Holding Ltd, Luxaviation Group, Travel Management Company Jets, Asia Jet Partners Ltd., Solairus Aviation, XO Global LLC, TAG Aviation, FlyExclusive, Jet Linx Aviation, Gama Aviation Plc, Executive Jet Management, Air Charter Service Group Ltd., Contour Aviation, GlobeAir AG, PrivateFly, ASIAN SKY GROUP, Deer Jet Co Ltd, Líder Aviation, ZYB LILY JET, Swift Air LLC, JetSuite, SmartJets LLC, Fly Victor, Jettly Inc.
Which Is the Leading Region in the Global Passenger Chartered Air Transport Market?
North America was the largest region in the passenger-chartered air transport market in 2024. Asia-Pacific was the second largest region in the global passenger-chartered air transport market share. The regions covered in the passenger chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Passenger Chartered Air Transport Market Size to Reach $78.76 Billion by 2029 | Growth at 7.8% CAGR Forecast here
News-ID: 4256082 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Jet
Hydrox5 Turbo Jet Reviews: Is Hydro X5 Turbo Jet Power Washer Worth Buying?
Hydrox5 Turbo Jet Reviews: Is Hydro X5 Turbo Jet Power Washer Worth Buying?
Cleaning outdoor surfaces can often feel like a never-ending battle. Patios gather stubborn moss, driveways become stained with oil and mud, fences lose their fresh look over time, and even cars seem to collect dirt the moment you finish washing them. For most homeowners, the typical garden hose simply doesn't provide the power needed to blast away…
Business Jet Market Touching New Development Level: Flexjet, Jet Linx, Boeing
The latest survey on Business Jet Market is conducted to provide hidden gems performance analysis of Business Jet to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario in…
Mitanette Cooper Partners with Jet Smarter DBA XO Jet backed by Jay Z
Mitanette Cooper is a renowned name when it comes to beating statistics, stereotypes, odds set against you and kicking down doors of discrimination.
Who is Mitanette Cooper?
Sources have confirmed that Mitanette Cooper is named a Public Figure with a high net worth estimated to be over $100,000,000 that has silently escaped the grasp of the media by leading a low key lifestyle until her recent acquisition backed by rapper and business…
Jet Bridge Market Report 2018: Segmentation by Type (Apron drive jet bridge, Nos …
Global Jet Bridge market research report provides company profile for Avicorp Middle East, Ameribridge, Deerns, ADELTE, CIMC Airport Facilities, FMT, JBT, Thyssenkrupp and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
Jet Fuel Market Analysis by Fuel Grade (Jet A-1, Jet A, Jet B), End-User Applica …
The jet fuel is a type of aviation fuel and one of the major petroleum products produced from processing crude oil in a petroleum refinery. The jet fuel market is expected to witness a high growth rate during the forecast period, 2018 to 2023. Demand for air travel is expected to double in the next two decades and grow by almost 4% every year. The strong economic growth in the…
Private jet service climbs
Portsmouth, NH - While private jet charter service is nowhere near the robust levels it enjoyed prior to the economic bloodletting of 2008, the use of private jets is definitely on the upswing.
Private jet service in Europe and the U.S. increased 9% in January 2011. Overall, it was up 5.5% last year. Over all, increase in private jet service can be attributed to increased travel of private jets to…
