The Passenger Chartered Air Transport Global Market Report 2023 by The Business Research Company, provides passenger chartered air transport market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Passenger Chartered Air Transport Global Market Report 2023, the market size will grow from $49.14 billion in 2022 to $52.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. 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 market size of the global passenger chartered air transport is expected to grow to $66.83 billion in 2027 at a CAGR of 6.2%.
The increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to drive the global passenger-chartered air transport market. Most UHNWI are inclined towards private charters rather than owning jets.
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The passenger chartered air transport market 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
A custom luxury vacation tour by chartered jet is a major trend gaining popularity in the global passenger chartered air transport market. People are prioritising travel, adventures, and unique experiences, and private chartered jet services are offering customised tours for groups of travellers on round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company that provides round-the-world tours on all-first-class airliners, is now offering personalised tours through bizjet for up to 16 passengers.
The passenger chartered air transport market report table of contents includes:
- Executive Summary
- Passenger Chartered Air Transport Market Characteristics
- Passenger Chartered Air Transport Market Trends And Strategies
- Passenger Chartered Air Transport Market – Macro Economic Scenario
- Passenger Chartered Air Transport Market Size And Growth
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- Africa Passenger Chartered Air Transport Market
- Passenger Chartered Air Transport Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Passenger Chartered Air Transport Market
- Passenger Chartered Air Transport Market Future Outlook and Potential Analysis
- Appendix
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