Global Freight Chartered Air Transport Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
6 Oct, 2021
The freight-chartered air transport services market consists of sales of freight-chartered air transportation services by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters, to provide chartered (non-scheduled) air transportation services for cargo at a toll per mile or hour for the charter of the aircraft. Only goods and services traded between entities or sold to end consumers are included.
Global Freight Chartered Air Transport Market Size And Drivers:
The global freight-chartered air transport market is expected to grow from $18.05 billion in 2020 to $20.1 billion in 2021 at a compound annual growth rate (CAGR) of 11.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $29.67 billion in 2025 at a CAGR of 10.2%. The growing need for urgent shipment of dangerous goods and hazardous materials is expected to drive the freight-chartered air transport market.
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Trends In The Global Carbon Footprint Management Market
The rising focus on enterprise sustainability among organizations is a key trend gaining popularity in the carbon emission management market. Major companies operating in the carbon emission management sector are focused on launching new products to meet the rising market demand for regulating their carbon emission. For instance, in June 2021, a France-based information technology services and consulting company, Capgemini launched “Sustainable IT”, an offering designed to assist IT companies in reducing their carbon footprint. The new offering is meant to support clients on their sustainability journey through its technical expertise, customized approach, and strong partner ecosystem using Capgemini’s global sustainability offering framework.
Global Freight Chartered Air Transport Market Segments:
The global freight-chartered air transport market is further segmented –
1) By Cargo Type: Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Others
By Application: Private Use, Commercial Use
By End Use: Wealthy Individuals, Sports Teams, Large Corporations
By Geography: The global freight-chartered air transport market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/freight-chartered-air-transport-global-market-reportFreight Chartered Air Transport Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides freight chartered air transport market overviews, analyzes and forecasts market size and growth for the global freight chartered air transport market, freight chartered air transport market share, freight chartered air transport market players, freight chartered air transport market segments and geographies, freight chartered air transport market’s leading competitors’ revenues, profiles and market shares. The freight-chartered air transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.