Global Air Charter Services

May 2019| VMF074A| Verified Market Research

Report Highlights

Global Air Charter Services Market Geographical, Segment Analysis, Competitive Landscape And Forecast To 2026

According to Verified Market Research, The Global Air Charter Services Market was valued at USD 25,574.6 Million in 2018 and is projected to reach USD 34,930.2 Million by 2026, growing at a CAGR of 4.04% from 2019 to 2026.

The industry provides services for air transit for passengers as well as cargo over regular routes and on regular schedules. In case of this industry, the corporations and large businesses usually account for a large proportion of industry revenue as such businesses are in the capacity to use charter flights to transport staff between different work sites and to and from meetings, as well as to transport goods exclusively. Companies are more likely to use chartered flights for their staff when the corporate profit is high and economic conditions are strong.

The growth in demand in the air cargo market is a positive prospect for air cargo providers and cargo charter operators which is expected to fuel the market for Air Charter Services over the forecast period. In recent times there has been an increasing number of shipments being delivery by air due to the growing demand by the customers for instant and timely delivery of their products. Major factors like time shortages, last-minute capacity, and unanticipated applications has also led to a push in the adoption of Air Charter, and hence the growth of Air Charter Services market size.

Moreover, the on-demand charter jets are a growing choice of high and ultra-high net worth individuals as instead of owning jets, which can costlier to own and to maintain, high and ultra-high-net-worth individuals, are now gravitating towards private charter which is anticipated to boost the market further during the forecast period.

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