Cargo Aircraft Charter Service Market Report 2024 (Global Edition)

Global Cargo Aircraft Charter Service Market Report 2024 Market Size Split by Type (Time Critical Cargo, Heavy & Outside Cargo, Dangerous Cargo, Animal Transportation, Others), by Application (Private...

Cargo Aircraft Charter Service Market Report Description

We have various report editions of Cargo Aircraft Charter Service Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Cargo Aircraft Charter Service Market Insights Video

Competitive Landscape of the Cargo Aircraft Charter Service Market

The major players strive to enhance their market presence through fleet expansion, technological advancements, and strategic partnerships. The demand for reliable and flexible cargo solutions and global trade growth drive competition in this dynamic market.

• In October 2021, Gulf Air propounded private charter services under the Boutique Charters, making its clients book private charter flights with personalized itineraries. It is available for government and corporate delegates, group travel, destination weddings, private family holidays, and cargo consignments. This service will be available on various aircraft types, such as the Airbus A320neo or A321neoLR, a wide-body fleet, and the airline's flagship Boeing 787-9 Dreamliner.

(Source:newsroom.aviator.aero/gulf-air-launches-boutique-charter-services/)

Top Companies Market Share in Cargo Aircraft Charter Service Industry: (In no particular order of Rank)

• United Parcel Service
• DSV A/S
• Atlas Air
• Cathay Pacific Cargo
• Cargo Partner
• Vietjetair Cargo
• Cargo Air Chartering
• AYR Logistics Limited
• CTS Logistics Group
• ACC Aviation
• Chapman Freeborn
• Luna Jets
• Air Partner
• Logistics Plus
• Airports Council International
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America dominated the market in 2023. It accounted for around 40% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 40% of the global revenue, owing to the region's robust economic activities and expansive supply chain networks. The United States, being a major player, has a well-established air cargo infrastructure, contributing to market dominance. The demand for time-sensitive and high-value shipments has fueled the adoption of charter services. Additionally, the region's diverse industries, including automotive, pharmaceuticals, and e-commerce, drive the need for efficient and flexible cargo transportation. The presence of key players and strategic partnerships further enhances the market's competitive landscape, making North America a pivotal hub for cargo aircraft charter services.

Europe is the fastest-growing category due to the region's strategic location, facilitating efficient air transportation of goods. Key factors driving market expansion include increasing demand for time-sensitive deliveries, burgeoning e-commerce activities, and the need for specialized cargo transport solutions. The well-developed infrastructure and a dense network of airports further enhance the market's appeal. Additionally, the region's proactive approach toward sustainable aviation and technological advancements contribute to the overall positive outlook for Europe's cargo aircraft charter service market.

The current report Scope analyzes Cargo Aircraft Charter Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cargo Aircraft Charter Service

According to Cognitive Market Research, the global Cargo Aircraft Charter Service market size was estimated at USD 26845.8 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 10378.32 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030 due to the rising demand for time-sensitive shipments, growth in e-commerce, and the need for efficient logistics solutions. Increasing globalization and the expansion of industries contribute to the market's growth. Additionally, charter services' flexibility, speed, and reliability in transporting large or specialized cargo play a vital role. These drivers underscore the market's importance in meeting diverse and dynamic logistical demands across North America. Various segments within this market, including on-demand charters, scheduled charters, and specialized cargo transport services, contribute to its dynamic expansion. Rising e-commerce activities, pharmaceutical shipments, and global trade have further propelled the demand for air cargo services.

Europe Cargo Aircraft Charter Service

According to Cognitive Market Research, with a market value of USD 26845.8 Million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 8053.74 Million due to the increasing demand for time-sensitive deliveries, expanding e-commerce activities, and supply chain disruptions. The region's dynamic economic landscape and the need for efficient freight transport contribute to the market's positive trajectory. The pandemic has also underscored the importance of reliable air cargo services, boosting the demand for charter flights. These factors collectively fuel the growth of Europe's Cargo Aircraft Charter Service market. Key segments include express, e-commerce, automotive, and pharmaceuticals, with a notable rise in time-sensitive shipments. The region's well-developed infrastructure and the need for rapid and reliable transportation contribute to the market expansion.

Asia Pacific Cargo Aircraft Charter Service

According to Cognitive Market Research, the global Cargo Aircraft Charter Service market size was estimated at USD 26845.8 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 6174.53 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030 due to the increasing demand for time-sensitive and high-value freight transport. Key drivers include expanding e-commerce activities, globalization of supply chains, and the need for the best transportation of goods. The region's economic growth, particularly in emerging markets, fuels demand for dedicated cargo aircraft services. These factors contribute to a thriving market for charter services, meeting the dynamic logistical needs of businesses across the Asia-Pacific region. Key segments such as express cargo, e-commerce, and perishable goods transport are witnessing substantial expansion. The market is characterized by a rise in on-demand charters, fostering flexibility in freight operations.

South America Cargo Aircraft Charter Service

According to Cognitive Market Research, the global Cargo Aircraft Charter Service market size was estimated at USD 26845.8 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 1342.29 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030 due to the major demand for specialized freight solutions. Key drivers include expanding e-commerce activities, rising air cargo traffic, and the need for time-sensitive deliveries. The region's diverse industries, such as agriculture and energy, also contribute to the demand for efficient cargo transportation. As businesses seek reliable and flexible logistics, the charter service market in Latin America continues to thrive, driven by economic growth and globalization trends. The demand for specialized cargo transport solutions, including perishable goods and industrial equipment, is driving the market. Charter services cater to various industries, such as agriculture, pharmaceuticals, and manufacturing.

Middle East and Africa Cargo Aircraft Charter Service

According to Cognitive Market Research, the global Cargo Aircraft Charter Service market size was estimated at USD 26845.8 Million, out of which the Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 536.92 Million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030 due to increasing demand for specialized freight solutions. Key drivers include the region's economic expansion, rising trade activities, and the need for efficient transportation of goods. Additionally, heightened global supply chain complexities and the growth of e-commerce contribute to the market's momentum. As industries seek reliable and flexible cargo transport, charter services offer a tailored solution, further propelling the market forward in the Middle East & Africa. Key segments include express cargo, e-commerce, oil and gas equipment transport, and perishable goods. The region's strategic location as a global trade hub enhances the significance of charter services.

Cargo Aircraft Charter Service Market Analysis

Cargo Aircraft Charter Service Type Segment Analysis

According to Cognitive Market Research, time-critical cargo held the major market share over the forecast period. It caters to the urgent transportation needs of time-sensitive shipments, such as medical supplies, perishable goods, or critical industrial components. Quick and efficient delivery solutions for strict timelines characterize this segment.

Heavy & outside cargo is the fastest-growing category over the forecast period. It focuses on transporting large, heavy, or unconventional items that may exceed standard cargo dimensions. Industries like oil and gas, aerospace, and heavy machinery rely on this segment to transport oversized equipment.

• Time Critical Cargo
• Heavy & Outside Cargo
• Dangerous Cargo
• Animal Transportation
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cargo Aircraft Charter Service Industry. Request a Free Sample PDF!

Cargo Aircraft Charter Service Application Segment Analysis

According to Cognitive Market Research, private use holds a prominent market share. It involves chartering cargo aircraft for the exclusive and personalized transportation needs of individuals, corporations, or organizations. This segment caters to clients seeking dedicated and customized air freight solutions for confidential, high-value, or time-sensitive cargo.

Commercial use is the fastest-growing category over the forecast period. It addresses the demand for cargo aircraft charter services within the broader business and industrial context. It includes logistics and supply chain companies, manufacturers, and businesses requiring efficient and flexible air freight solutions for moving goods in the commercial marketplace.

• Private use
• Commercial use

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cargo Aircraft Charter Service Aircraft Type Segment Analysis

According to Cognitive Market Research, light holds a prominent market share. Light cargo aircraft, with a payload capacity of up to 20,000 pounds, are well-suited for transporting smaller shipments and time-sensitive goods. These aircraft offer agility and flexibility, making them ideal for accessing airports with shorter runways and limited infrastructure.

Mid-sized is the fastest-growing category over the forecast period. The mid-sized cargo aircraft, with a payload capacity ranging from 20,000 to 45,000 pounds, cater to a broader spectrum of cargo requirements. These aircraft balance payload capacity and operational versatility, making them suitable for various cargo sizes and types.

• Light
• Mid-sized
• Large

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

LinkedIn

Profile

Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion