The air charter services market size was valued at USD 46.29 billion in 2023 and is expected to be worth USD 48.19 billion in 2024. The market is projected to reach USD 80.65 billion by 2032, recording a CAGR of 6.65% during the forecast period.
Air charter services involve the leasing or renting of an entire aircraft for business or personal purposes. Unlike a commercial flight wherein customers have to purchase a seat for travel, air charters give clients the freedom to book an entire aircraft to transport either people or cargo. The increasing number of high net-worth individuals and the rising demand for luxury and convenience while traveling among them is one of the major factors propelling the market’s growth.
During the COVID-19 pandemic, demand for private charter flights surged as travelers sought safer alternatives to crowded commercial flights. As per few airline operators, in 2020, a 10% spike was observed for international and domestic enquiries.
Fortune Business Insights™ displays this information in a report titled, "Air Charter Services Market, 2024-2032."
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
Information Source:
https://www.fortunebusinessinsights.com/air-charter-service-market-108388
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