Air Charter Services Market to Record 4.55% Annual Growth Rate in 2021 | Air Charter Service Group Ltd., Air Partner Plc, Asia Jet Partners Ltd. Become dominant players

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According to the recent Technavio market study, the Air charter services market size should increase by $ 7.67 billion from 2020 to 2025, with an accelerated CAGR of about 5%. The report provides detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major pockets of investment.

APAC will record the highest growth occupying 40% of the global market share. China and Singapore are the key markets for air charter services in the region. The market growth in this region will be faster than the market growth in other regions.

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Supplier Information-

The air charter services market is fragmented and the providers are deploying various growth strategies such as launching innovative new products and completing mergers and acquisitions to remain competitive in the market.

Air Charter Service Group Ltd. : The company offers air charter services to private charter owners.

Air Plc partner: The company offers a range of aircraft charter options, ranging from a one-time aircraft charter to a long-term flight program, or a budget-friendly airliner to a VIP configured aircraft.

Asia Jet Partners Ltd. : The company provides private jet charter services through the CHARTER business segment.

Flexjet SARL: The company provides air charter services through its JET CARDS product segment.

GlobeAir SA: The company provides air charter services such as loyalty card programs and helicopter related services.

Discover additional highlights about the vendors and their product offerings. Download a free sample report

Regional market outlook

The growth of the APAC air charter services market will be significant during the forecast period. The region will offer significant growth opportunities to market players. The report also covers detailed analysis of the market growth in other regions such as Europe, MEA, North America, and South America. The United States, United Kingdom and Germany are identified as leading regions in the global air charter services market.

Download our FREE sample report for more highlights on the regional market share of most of the countries mentioned above.

Latest drivers and trends driving the market –

The report identifies the growing demand for freight charters as one of the major factors fueling the growth of the global air charter services market. Additionally, factors such as the move towards aircraft leasing and the introduction of membership programs will have an accelerating effect on the growth of the market. However, the volatility of aviation fuel prices and the shortage of qualified pilots will hamper the growth of the market to some extent.

Find additional information on various other market drivers and trends mentioned in our FREE Sample Report.

Associated reports:

Helicopter Transport Market by End User and Geography – Forecast and Analysis 2021-2025

Boat and Yacht Transport Market by Product and Geography – Forecast and Analysis 2021-2025

Scope of the air charter services market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 5% CAGR

Market growth 2021-2025

$ 7.67 billion

Market structure

Fragmented

Annual growth (%)

4.55

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

40% APAC

Main consumer countries

United States, United Kingdom, Germany, China and Singapore

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Air Charter Service Group Ltd., Air Partner Plc, Asia Jet Partners Ltd., Flexjet LLC, GlobeAir AG, Jet Aviation AG, Jet Linx Aviation LLC, NetJets Aviation Inc., VistaJet Group Holding Ltd. and Wheels Up Partners LLC

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio


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