Air Charter Services Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 11 Countries

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Nov 02, 2022, 15:45 ET

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- The Air Charter Services Market share is expected to increase by USD 8.82 billion from 2022 to 2027, with an accelerated CAGR of 5.347% - according to the recent market study by Technavio. This report also offers a 5-year historic (2017-2021) data projection of market size, segment, and region. The Y-O-Y growth rate of the Air Charter Services Market is estimated at 4.2% as of 2023. Moreover, the market is fragmented. Our analysts have conducted an internal and external analysis of vendors to help companies understand the wider business environment as well as the strength and weaknesses of key market players. Our report also forecasts the Bargaining Power of Buyers & Suppliers and the Threat of New Entrants & Rivalry ranging between Moderate-High during the forecast period.

Technavio has announced its latest market research report titled Global Air Charter Services Market 2021-2025

Find Analysis of Price Sensitivity, Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria Prepared Exclusively by Technavio Research Analysts

One of the core components of the customer landscape is Price Sensitivity – an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Moreover, this report also provides the impact of price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to the buyer, and quality is not important) which are expected to range between Neutral from 2023-2027.
Our report provides extensive information on the customer landscape of the Air Charter Services Market, involving qualitative and quantitative intelligence.

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The Air Charter Services Market Report Also Offers Information on the Criticality of Inputs, R&D, Capex, Technology, Labor, and Brand of 20 Vendors Listed Below –

Air Charter Service India Pvt. Ltd.
Air Charters Europe NV
Air Partner Ltd.
Asia Jet Sdn Bhd
ASIAN SKY GROUP
BlueStar Air Services
European Air Charter
Flexjet LLC
GlobeAir AG
Jet Aviation AG
Jet Linx Aviation LLC
Luxaviation S.A.
NetJets Aviation Inc.
PrivateFly Ltd.
Solairus Aviation
TAG Aviation
VistaJet Group Holding Ltd.
Wheels Up Partners LLC

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Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparison, and Y-O-Y Growth of Air Charter Services Segment

The market is segmented by Application(Charter passenger, Charter freight, Others), Type (Busines Charter Services, Private Charter Services), and Region (North America, Europe, APAC, South America, and the Middle East and Africa).

By Application - The Charter freight shows a gradual increase in construction demands and other factors from 2023-2027.
Charter companies employ their knowledge to provide the finest solutions, such as long business trips or short business flights. Customers of air charter companies can choose their favorite route and plan their trips to suit their convenience. Trip requests for air charter services increased significantly in 2020.
Requests for a price quote that are submitted from a broker to an operator are referred to as trip requests. The increase in trip requests indicates both a shift in broker-operator contacts and a growth in demand for air charter services.

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The increasing demand for cargo charter services is Notably Driving the Air Charter Services Market Growth

The growth of the air charter services industry is being driven by rising demand for cargo charter services. There is a significant demand for cargo charters, according to some of the biggest charter operators in the world. For air cargo suppliers and cargo charter companies, the increase in air cargo volumes is promising. Long-term charter agreements are also renewed as a result of this. Shipping of enormous and difficult-to-fit goods in comparison to the typical logistical containers and aircraft used by air cargo operators is one of the main causes of the rising demand for cargo charter companies. Last-minute capacity, unforeseen issues, time restrictions, and other urgent factors are some of the main causes of the increase in volume.

TO ACCESS WHAT ARE THE LATEST DRIVERS, TRENDS, AND CHALLENGES INFLUENCING THE GROWTH OF THIS MARKET? REQUEST SAMPLE REPORT

Chart & Data Table on Historical Market Size (2017-2021), Comparison and Y-O-Y Growth of 11 Countries of Air Charter Services Market Industry

The market is segmented by Geography- North America (The U.S. and Canada), Europe (U.K., Germany, France, and Rest of Europe), Asia (China, India, Japan, and South Korea), South America( Brazil, Argentina, Chile) and The Middle East & Africa (Saudi Arabia, Saudi Arabia, Rest of the Middle East & Aftica).
APAC is projected to grow at a percentage of 34% by 2022. Comparatively speaking, the market for air charter services is expanding the fastest in APAC. North America is another region where providers might experience tremendous development potential. Over 5,000 operating airports and over 250,000 general aviation aircraft are located in the US. A significant increase in the number of flights and flying hours is boosting the market for air charter services, which is fueling the revival of domestic business aviation. The market in the area will benefit from the expanding number of private charter operators.

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Air Charter Services Market Scope
Report Coverage	Details
Page number	120
Base year	2022
Historical year	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.37%
Market growth 2023-2027	USD 8.82 Billion
Market structure	Fragmented
YoY growth (%)	4.2
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	APAC at 34%
Key consumer countries	US, China, Singapore, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Air Charter Service India Pvt. Ltd., Air Charters Europe NV, Air Partner Ltd., Asia Jet Sdn Bhd, ASIAN SKY GROUP, BlueStar Air Services, European Air Charter, Flexjet LLC, Gama Aviation Plc, GlobeAir AG, Jet Aviation AG, Jet Linx Aviation LLC, Luxaviation S.A., NetJets Aviation Inc., PrivateFly Ltd., Solairus Aviation, TAG Aviation, VistaJet Group Holding Ltd., and Wheels Up Partners LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by Application

5.1 Market segments

Exhibit 25: Chart on Application - Market share 2022-2027 (%)
Exhibit 26: Data Table on Application - Market share 2022-2027 (%)

5.2 Comparison by Application

Exhibit 27: Chart on Comparison by Application
Exhibit 28: Data Table on Comparison by Application

5.3 Charter passenger - Market size and forecast 2022-2027

Exhibit 29: Chart on Charter passenger - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on Charter passenger - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on Charter passenger - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Charter passenger - Year-over-year growth 2022-2027 (%)

5.4 Charter freight - Market size and forecast 2022-2027

Exhibit 33: Chart on Charter freight - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Charter freight - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Charter freight - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Charter freight - Year-over-year growth 2022-2027 (%)

5.5 Others - Market size and forecast 2022-2027

Exhibit 37: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Others - Year-over-year growth 2022-2027 (%)

5.6 Market opportunity by Application

Exhibit 41: Market opportunity by Application ($ million)

6 Market Segmentation by Type

6.1 Market segments

Exhibit 42: Chart on Type - Market share 2022-2027 (%)
Exhibit 43: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type

Exhibit 44: Chart on Comparison by Type
Exhibit 45: Data Table on Comparison by Type

6.3 Business charter services - Market size and forecast 2022-2027

Exhibit 46: Chart on Business charter services - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Business charter services - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Business charter services - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Business charter services - Year-over-year growth 2022-2027 (%)

6.4 Private charter services - Market size and forecast 2022-2027

Exhibit 50: Chart on Private charter services - Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Private charter services - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Private charter services - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Private charter services - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type

Exhibit 54: Market opportunity by Type ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 56: Chart on Market share by geography 2022-2027 (%)
Exhibit 57: Data Table on Market share by geography 2022-2027 (%)

8.2 Geographic comparison

Exhibit 58: Chart on Geographic comparison
Exhibit 59: Data Table on Geographic comparison

8.3 North America - Market size and forecast 2022-2027

Exhibit 60: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on North America - Year-over-year growth 2022-2027 (%)

8.4 Europe - Market size and forecast 2022-2027

Exhibit 64: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Europe - Year-over-year growth 2022-2027 (%)

8.5 APAC - Market size and forecast 2022-2027

Exhibit 68: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 71: Data Table on APAC - Year-over-year growth 2022-2027 (%)

8.6 South America - Market size and forecast 2022-2027

Exhibit 72: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 75: Data Table on South America - Year-over-year growth 2022-2027 (%)

8.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

8.8 US - Market size and forecast 2022-2027

Exhibit 80: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 83: Data Table on US - Year-over-year growth 2022-2027 (%)

8.9 UK - Market size and forecast 2022-2027

Exhibit 84: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 87: Data Table on UK - Year-over-year growth 2022-2027 (%)

8.10 Germany - Market size and forecast 2022-2027

Exhibit 88: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 91: Data Table on Germany - Year-over-year growth 2022-2027 (%)

8.11 China - Market size and forecast 2022-2027

Exhibit 92: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 95: Data Table on China - Year-over-year growth 2022-2027 (%)

8.12 Singapore - Market size and forecast 2022-2027

Exhibit 96: Chart on Singapore - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Data Table on Singapore - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Chart on Singapore - Year-over-year growth 2022-2027 (%)
Exhibit 99: Data Table on Singapore - Year-over-year growth 2022-2027 (%)

8.13 Market opportunity by geography

Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 101: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 103: Overview on factors of disruption

10.4 Industry risks

Exhibit 104: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 105: Vendors covered

11.2 Market positioning of vendors

Exhibit 106: Matrix on vendor position and classification

11.3 Air Charter Service India Pvt. Ltd.

Exhibit 107: Air Charter Service India Pvt. Ltd. - Overview
Exhibit 108: Air Charter Service India Pvt. Ltd. - Product / Service
Exhibit 109: Air Charter Service India Pvt. Ltd. - Key offerings

11.4 Air Partner Ltd.

Exhibit 110: Air Partner Ltd. - Overview
Exhibit 111: Air Partner Ltd. - Product / Service
Exhibit 112: Air Partner Ltd. - Key offerings

11.5 Asia Jet Sdn Bhd

Exhibit 113: Asia Jet Sdn Bhd - Overview
Exhibit 114: Asia Jet Sdn Bhd - Product / Service
Exhibit 115: Asia Jet Sdn Bhd - Key offerings

11.6 ASIAN SKY GROUP

Exhibit 116: ASIAN SKY GROUP - Overview
Exhibit 117: ASIAN SKY GROUP - Product / Service
Exhibit 118: ASIAN SKY GROUP - Key offerings

11.7 Flexjet LLC

Exhibit 119: Flexjet LLC - Overview
Exhibit 120: Flexjet LLC - Product / Service
Exhibit 121: Flexjet LLC - Key news
Exhibit 122: Flexjet LLC - Key offerings

11.8 Gama Aviation Plc

Exhibit 123: Gama Aviation Plc - Overview
Exhibit 124: Gama Aviation Plc - Business segments
Exhibit 125: Gama Aviation Plc - Key offerings
Exhibit 126: Gama Aviation Plc - Segment focus

11.9 GlobeAir AG

Exhibit 127: GlobeAir AG - Overview
Exhibit 128: GlobeAir AG - Product / Service
Exhibit 129: GlobeAir AG - Key news
Exhibit 130: GlobeAir AG - Key offerings

11.10 Jet Aviation AG

Exhibit 131: Jet Aviation AG - Overview
Exhibit 132: Jet Aviation AG - Product / Service
Exhibit 133: Jet Aviation AG - Key news
Exhibit 134: Jet Aviation AG - Key offerings

11.11 Jet Linx Aviation LLC

Exhibit 135: Jet Linx Aviation LLC - Overview
Exhibit 136: Jet Linx Aviation LLC - Product / Service
Exhibit 137: Jet Linx Aviation LLC - Key news
Exhibit 138: Jet Linx Aviation LLC - Key offerings

11.12 Luxaviation S.A.

Exhibit 139: Luxaviation S.A. - Overview
Exhibit 140: Luxaviation S.A. - Product / Service
Exhibit 141: Luxaviation S.A. - Key offerings

11.13 NetJets Aviation Inc.

Exhibit 142: NetJets Aviation Inc. - Overview
Exhibit 143: NetJets Aviation Inc. - Product / Service
Exhibit 144: NetJets Aviation Inc. - Key news
Exhibit 145: NetJets Aviation Inc. - Key offerings

11.14 PrivateFly Ltd.

Exhibit 146: PrivateFly Ltd. - Overview
Exhibit 147: PrivateFly Ltd. - Product / Service
Exhibit 148: PrivateFly Ltd. - Key offerings

11.15 Solairus Aviation

Exhibit 149: Solairus Aviation - Overview
Exhibit 150: Solairus Aviation - Product / Service
Exhibit 151: Solairus Aviation - Key offerings

11.16 TAG Aviation

Exhibit 152: TAG Aviation - Overview
Exhibit 153: TAG Aviation - Product / Service
Exhibit 154: TAG Aviation - Key offerings

11.17 VistaJet Group Holding Ltd.

Exhibit 155: VistaJet Group Holding Ltd. - Overview
Exhibit 156: VistaJet Group Holding Ltd. - Product / Service
Exhibit 157: VistaJet Group Holding Ltd. - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 158: Inclusions checklist
Exhibit 159: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 160: Currency conversion rates for US$

12.4 Research methodology

Exhibit 161: Research methodology
Exhibit 162: Validation techniques employed for market sizing
Exhibit 163: Information sources

12.5 List of abbreviations

Exhibit 164: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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