The global passenger to freighter market size was valued at USD 2.14 billion in 2021. The market is projected to grow from USD 2.52 billion in 2022 to USD 5.19 billion by 2029, exhibiting a CAGR of 10.84% during the forecast period.

This information is presented by Fortune Business Insights, in its report titled, “Passenger to Freighter Market, 2022-2029.”

List of Key Players Mentioned in the Report:

• AerCap (Ireland)
• Aeronautical Engineers, Inc. (U.S.)
• Airbus SE (Netherlands)
• Boeing Company (U.S.)
• Bombardier, Inc. (Canada)
• Elbe Flugzeugwerke GmbH (Germany)
• Embraer SA (Brazil)
• HAECO Group (Hong Kong)
• Precision Aircraft Solutions (U.S.)
• ST Engineering (Singapore)

Information Source:

https://www.fortunebusinessinsights.com/passenger-to-freighter-market-107354

Segments:

Refurbished Segment Dominated the Market in 2021 Owing to High Investment to Expand Conversion Capabilities by Key Players

By build type, the market is bifurcated into new build and refurbished. The refurbished segment dominated the market in 2021.