PUBLISHER: The Business Research Company | PRODUCT CODE: 1668736
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668736
Air Charter Services involve the arrangement of aircraft for hire, enabling individuals or organizations to rent an entire aircraft for specific travel requirements. This service offers flexible, efficient, and customized air travel solutions tailored to unique schedules and destinations.
The primary categories of air charter services include business charter services and private charter services. Business charter services encompass temporary transportation solutions provided to clients, catering to diverse business travel needs. These services offer a range of charter options, utilizing private jets, helicopters, turbo-props, and wide-body aircraft for both passenger and freight applications. The clientele for business charter services includes business travelers, leisure travelers, government and diplomatic entities, sports teams, and individuals from the entertainment industry.
The air charter services research report is one of a series of new reports from The Business Research Company that provides air charter services market statistics, including the air charter services industry's global market size, regional shares, competitors with air charter services market share, detailed air charter services market segments, market trends and opportunities, and any further data you may need to thrive in the air charter services industry. This air charter services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The air charter services market size has grown strongly in recent years. It will grow from $31.1 billion in 2024 to $32.71 billion in 2025 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to corporate travel demands and executive transportation needs, growth of the business aviation sector, globalization and expansion of international trade, high-profile events and sports charters, rise of private and luxury travel preferences
The air charter services market size is expected to see strong growth in the next few years. It will grow to $40.62 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to evolution of aircraft technology and range, increasing congestion at major airports, development of air charter regulations and safety standards, emergency response and medical evacuation services, military and government demand for air charter services, growing importance of time efficiency in business travel, expansion of air taxi and urban air mobility services. Major trends in the forecast period include technological advancements in supersonic and electric aircraft, integration of blockchain technology in charter booking platforms, collaboration between air charter companies and travel tech firms, integration of artificial intelligence in flight planning and operations, sustainable aviation fuels in charter fleets.
The rising demand for cargo charters is expected to boost the growth of the air charter services market in the future. Cargo charters refer to carriers that land at an airport fewer than fourteen times in a calendar year and are not on a scheduled service. These charters transport specialized cargo, such as hazardous materials or oversized items, which may not be suitable for traditional air cargo services. They provide fast and efficient transportation of goods, even to remote areas that are challenging to reach by other means. For example, according to the International Air Transport Association (IATA), as of March 2024, cumulative industry cargo ton kilometers (CTKs) reached 63.6 billion, reflecting a 13.2% increase compared to 2023 and a 0.6% rise over 2022. Therefore, the growing demand for cargo charters is driving the expansion of the air charter services market.
The expansion of global trade is poised to further boost the air charter services market. Global trade involves the exchange of goods and services across international borders, encompassing the buying and selling of products between countries. Air charter services play a pivotal role in facilitating global trade by providing a faster, more flexible, and often more efficient alternative to traditional air cargo shipping. By circumventing the often-lengthy schedules and delays associated with commercial airlines, these services ensure timely delivery, minimizing disruptions in the supply chain. As reported by the United Nations Conference on Trade and Development in September 2023, maritime trade is expected to increase by 2.4% in 2023 and more than 2% from 2024 to 2028. The energy sector, specifically oil and gas trades, experienced growth of 6.0% and 4.6%, respectively, in 2022 as pandemic-related constraints eased. Thus, the rise in global trade serves as a significant driver for the growth of the air charter services market.
The air charter services market is witnessing a significant trend towards product innovation, with major players dedicating efforts to create innovative offerings and solidify their market standing. An illustration of this trend is evident in the actions of Air Charter Services, a UK-based air charter company, which introduced a dedicated time-critical division in October 2022. This initiative consolidates various services for urgent shipment requests under a new air charter services time-critical sub-brand, providing multiple services and a comprehensive door-to-door solution. The ACS Critical Time offers integrated trucking solutions, go-now cargo airplane charters with the onboard courier (OBC), and next-flight-out alternatives.
Leading companies in the air charter services market are actively developing innovative services, including commodities transport charter services, to expand their customer bases, enhance sales, and increase revenue. Commodities transport charter services cater to the specialized transportation of various commodities, such as bulk goods, raw materials, or specific items such as agricultural products, minerals, or energy resources. A case in point is Jayud Global Logistics, a China-based end-to-end supply chain solution provider, which launched an air charter service in July 2023. This new service operates weekly and focuses on transporting commodities between Shenzhen and key Southeast Asian destinations, including Jakarta, Indonesia (CGK), Davao City, Philippines (DVO), and Clark, Philippines (CRK). The initiative underscores the company's commitment to the Southeast Asian market, providing direct and seamless logistics solutions to customers. The service utilizes Boeing's B737-300F and B737-800F aircraft with a maximum weight restriction of 20 tons per flight, ensuring efficient and reliable cargo transportation.
In January 2022, Wheels Up, a US-based private aviation company, acquired Air Partner for an undisclosed amount. This strategic move enabled Wheels Up to strengthen its international position and expand its footprint in personal aviation services. Air Partner, a UK-based aircraft charter service provider, played a key role in this acquisition.
Major companies operating in the air charter services market include 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.
North America was the largest region in the air charter services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air charter services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the air charter services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The air charter services market includes revenues earned by entities by providing concierge services, air ambulance services, and cargo charter services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Air Charter Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on air charter services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for air charter services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The air charter services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.