The Business Research Company’s Freight Chartered Air Transport Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Freight Chartered Air Transport Global Market Report 2023 evaluates freight chartered air transport market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global freight chartered air transport market is expected to grow from $41,917.2 million in 2027 at a rate of 11.6%. The market is then expected to grow at a CAGR of 12.5% from 2027 and reach $75,525.7 million in 2032.
Government support is expected to drive the growth of the freight-chartered air transport market going forward. The governments of different countries are supporting the air freight transport services for the faster and safe delivery of goods. For example, in October 2022, the Department of Transportation’s Federal Aviation Administration (FAA), a transportation agency of the US government, awarded more than $31 million in grants to expand cargo infrastructure at nine airports across the United States. The projects at these airports will help expedite the movement of goods throughout the country. Further, in September 2022, the UK Government approved plans to develop the Manston Airport in Kent, UK as an air cargo hub. The plan included an investment of £500 million ($612.67 million) at the airport from the Department of Transport. The planned building project will be carbon net zero, and the airport operating its first cargo services in early 2025. Therefore, government support is expected to contribute to the freight chartered air transport market expansion.
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The freight chartered air transport market segments in the report are:
1) By Cargo Type: Heavy And Outsize Cargo; Dangerous Cargo; Animal Transportation; Other Cargo Types
2) By Application: Private Use; Commercial Use
3) By End Use: Individuals; Sports Teams; Large Corporations
The table of contents in TBRC’s freight chartered air transport market report includes:
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