Market Overview:
The global air charter services market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for private and business charter services across the globe. Based on type, the private charter services segment is expected to account for a major share of the global air charter services market during the forecast period. This can be attributed to rising demand for customized travel solutions among corporate customers. The business charter services segment is projected to grow at a higher CAGR than other segments during the forecast period. On basis of application, charters passenger segment is anticipated witness highest growth rate over next 10 years owing growing tourism industry coupled with increasing number of luxury travelers opting for chartered flights instead traditional modes such as railways or roadways transportation options . Region-wise, North America dominates global air charter service market followed by Europe and Asia Pacific region respectively due high disposable income levels.
Product Definition:
Air charter services are defined as a type of air transportation service that provides on-demand or scheduled air transportation for passengers, cargo, or mail. Air charter services often include the use of an aircraft chartered from a third party. The importance of air charter services can vary depending on the situation. In some cases, it may be used to provide faster and more convenient transportation than traditional methods. In other cases, it may be used to provide additional security or privacy for passengers traveling in a group setting.
Private Charter Services:
Private charter services are a set of aircraft, which can be charted by an individual or an organization for non-commercial purposes. The service is generally provided by jetliners owned by the airline companies but sometimes it involves leased aircraft. Private charter services market has been growing at a significant pace and this growth can be attributed to the increase in demand for air travel among businesspersons and high net worth individuals (HNWI).
Business Charter Services:
Business charter services are the air transportation services provided by private operators as an adjunct to their principal business. These operators offer aircraft, pilots, and crew on a contractual basis either directly or through third party booking agents. The service allows companies to obtain rates that are generally unavailable through standard commercial channels; however, these services should be considered as an additional cost above regular charters rather than a source for free transport.
Application Insights:
The charter passenger segment held the largest share of 53.5% in 2017. The growth can be attributed to the growing number of leisure travelers and business travelers opting for air charter services over scheduled airlines owing to various benefits and cost-saving offers available with air charters, especially in emerging economies such as China, India, Brazil etc. Chartering a private jet is more economical than flying on a commercial aircraft as it has higher seating capacity which enables operators to charge higher fares while limiting their losses due to lower margins involved.
In addition, increasing demand for customized jets by companies operating across diverse industries including oil & gas; defense; government; healthcare etc., have contributed significantly towards market growth over the recent years. For instance, Citation XLS+ operated by Gulfstream Aerospace Corporation has been designed specifically for business and first class passengers who require additional space along with advanced features such as personalized service at an affordable cost (starting from USD 89K).
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to factors such as increasing business travel and tourism, rising number of corporate jets at airports, and growing demand for luxury air travel. Moreover, favorable regulations regarding private aircraft usage are also expected to drive the regional industry growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to factors such as developing economy with increased disposable income leading towards improved leisure experience and high passenger traffic at airports resulting in increased use of air charter services. Furthermore, rapid development along with increasing trade activities across major cities is driving need for chartered flights thereby supporting regional industry expansion.
Growth Factors:
- Increasing demand for air charter services due to the growth of the aviation industry.
- The increasing number of business travelers and tourists is fueling the demand for air charter services.
- The growing popularity of private jet ownership is also contributing to the growth of the market for air charter services.
- Rapid expansion in emerging markets is providing opportunities for growth in the air charter services market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Charter Services Market Research Report
By Type
Private Charter Services, Business Charter Services
By Application
Charter Passenger, Charter Freight,
By Companies
VistaJet, Luxaviation, Jet Aviation, Air Partner, TMC Jets, Delta Private Jets, Deer Jet, Corporate Flight Management, Gama Aviation, BAA, TAG Aviation, Executive Jet Management, LÃder Aviatio, PrivateFly, LILY JET, GlobeAir, Jet Linx Aviation, Solairus Aviation, Clay Lacy Aviation, MJets, Asian Aerospace, Premiair, Club One Air, Eastern Jet, Deccan Charters, Stratos Jet Charters, Nanshan Jet, Shizuoka Air, Phenix Jet, Air Charters India,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Air Charter Services Market Report Segments:
The global Air Charter Services market is segmented on the basis of:
Types
Private Charter Services, Business Charter Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Charter Passenger, Charter Freight,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- VistaJet
- Luxaviation
- Jet Aviation
- Air Partner
- TMC Jets
- Delta Private Jets
- Deer Jet
- Corporate Flight Management
- Gama Aviation
- BAA
- TAG Aviation
- Executive Jet Management
- LÃder Aviatio
- PrivateFly
- LILY JET
- GlobeAir
- Jet Linx Aviation
- Solairus Aviation
- Clay Lacy Aviation
- MJets
- Asian Aerospace
- Premiair
- Club One Air
- Eastern Jet
- Deccan Charters
- Stratos Jet Charters
- Nanshan Jet
- Shizuoka Air
- Phenix Jet
- Air Charters India
Highlights of The Air Charter Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Private Charter Services
- Business Charter Services
- By Application:
- Charter Passenger
- Charter Freight
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Charter Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air Charter Services is a company that provides air transportation services. They offer charter flights, private jet rentals, and aircraft management.
Some of the major companies in the air charter services market are VistaJet, Luxaviation, Jet Aviation, Air Partner, TMC Jets, Delta Private Jets, Deer Jet, Corporate Flight Management, Gama Aviation, BAA, TAG Aviation, Executive Jet Management, LƒÂder Aviatio, PrivateFly, LILY JET, GlobeAir, Jet Linx Aviation, Solairus Aviation, Clay Lacy Aviation, MJets, Asian Aerospace, Premiair, Club One Air, Eastern Jet, Deccan Charters, Stratos Jet Charters, Nanshan Jet, Shizuoka Air, Phenix Jet, Air Charters India.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Air Charter Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Air Charter Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Air Charter Services Market - Supply Chain
4.5. Global Air Charter Services Market Forecast
4.5.1. Air Charter Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Air Charter Services Market Size (000 Units) and Y-o-Y Growth
4.5.3. Air Charter Services Market Absolute $ Opportunity
5. Global Air Charter Services Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Air Charter Services Market Size and Volume Forecast by Type
5.3.1. Private Charter Services
5.3.2. Business Charter Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Air Charter Services Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Air Charter Services Market Size and Volume Forecast by Application
6.3.1. Charter Passenger
6.3.2. Charter Freight
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Air Charter Services Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Air Charter Services Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Air Charter Services Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Air Charter Services Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Air Charter Services Demand Share Forecast, 2019-2026
9. North America Air Charter Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Air Charter Services Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Air Charter Services Market Size and Volume Forecast by Application
9.4.1. Charter Passenger
9.4.2. Charter Freight
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Air Charter Services Market Size and Volume Forecast by Type
9.7.1. Private Charter Services
9.7.2. Business Charter Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Air Charter Services Demand Share Forecast, 2019-2026
10. Latin America Air Charter Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Air Charter Services Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Air Charter Services Market Size and Volume Forecast by Application
10.4.1. Charter Passenger
10.4.2. Charter Freight
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Air Charter Services Market Size and Volume Forecast by Type
10.7.1. Private Charter Services
10.7.2. Business Charter Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Air Charter Services Demand Share Forecast, 2019-2026
11. Europe Air Charter Services Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Air Charter Services Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Air Charter Services Market Size and Volume Forecast by Application
11.4.1. Charter Passenger
11.4.2. Charter Freight
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Air Charter Services Market Size and Volume Forecast by Type
11.7.1. Private Charter Services
11.7.2. Business Charter Services
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attrativeness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Air Charter Services Demand Share, 2019-2026
12. Asia Pacific Air Charter Services Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Air Charter Services Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Air Charter Services Market Size and Volume Forecast by Application
12.4.1. Charter Passenger
12.4.2. Charter Freight
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Air Charter Services Market Size and Volume Forecast by Type
12.7.1. Private Charter Services
12.7.2. Business Charter Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Air Charter Services Demand Share, 2019-2026
13. Middle East & Africa Air Charter Services Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Air Charter Services Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Air Charter Services Market Size and Volume Forecast by Application
13.4.1. Charter Passenger
13.4.2. Charter Freight
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Air Charter Services Market Size and Volume Forecast by Type
13.7.1. Private Charter Services
13.7.2. Business Charter Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Air Charter Services Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Air Charter Services Market: Market Share Analysis
14.2. Air Charter Services Distributors and Customers
14.3. Air Charter Services Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. VistaJet
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Luxaviation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jet Aviation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Air Partner
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TMC Jets
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Delta Private Jets
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Deer Jet
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Corporate Flight Management
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gama Aviation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BAA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TAG Aviation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Executive Jet Management
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Líder Aviatio
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. PrivateFly
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. LILY JET
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. GlobeAir
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jet Linx Aviation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Solairus Aviation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Clay Lacy Aviation
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. MJets
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
