Freight Chartered Air Transport Market Report 2023

Freight Chartered Air Transport Global Market Report 2023 – By Cargo Type (Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Other Cargo Types), By Application (Private Use, Commercial Use), By End Use (Wealthy Individuals, Sports Teams, Large Corportations) – Market Size, Trends, And Global Forecast 2023-2032

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Freight chartered air transport is a mode of transportation that uses aircraft, such as planes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers and/or cargo for a fee per mile or hour for the charter of the aircraft, which includes renting an aircraft for a tour.

The main cargo types in the freight chartered air transport services market are time-critical cargo, heavy and outside cargo, dangerous cargo, animal transportation, and others. Dangerous cargo involves the shipment of substances that are at a risk to health, property, safety, or the environment. The market is segmented by application into private use and commercial use and by end-use into wealthy individuals, sports teams, and large corporations.

The freight chartered air transport services market research report is one of a series of new reports from The Business Research Company that provides freight chartered air transport services market statistics, including freight chartered air transport services industry global market size, regional shares, competitors with a freight chartered air transport services market share, detailed freight chartered air transport services market segments, market trends and opportunities, and any further data you may need to thrive in the freight chartered air transport services industry. This freight chartered air transport services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global freight chartered air transport market size will grow from $23.80 billion in 2022 to $26.58 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global freight chartered air transport market size is expected to grow to $40.24 billion in 2027 at a CAGR of 10.9%.

The growing need for urgent shipment of dangerous goods and hazardous materials is expected to drive the freight chartered air transport market. Sensitive freight with dangerous goods includes explosives, highly flammable gases, radioactive materials, and military items. Toxic and infectious substances require a special skill set and expert knowledge for shipping the goods. These goods are transported through chartered cargo to avoid explosions and contamination. For instance, the Federal Aviation Administration (FAA) of the USA granted the authority for chartered cargo services along with training for all employees, in the form of a part-135 certificate, to operate on demand under an FAA-approved hazardous materials program. Urgent shipment of dangerous goods and hazardous materials is therefore expected to drive market growth.

High prices associated with charter cargo flight services are expected to hamper the freight chartered air transport market. The cost of the cargo charter depends on many factors, such as origin and destination points, the type of commodity shipped, dimensions, and weights. For instance, the freight and logistics prices are above $500,000 for an Asia-Europe A330 charter and above $21 per kilogramme on transatlantic routes for some urgent shipments. Additionally, the cost of a B777 or B747 carrying 100 tonnes of cargo was $470,000 earlier, which is now costing between $850,000 and $1 million for a round trip with e-commerce goods and general cargo from Europe to China. Therefore, the skyrocketing cost of freight charter services is expected to hamper the market.

The companies in the freight chartered air transport market are focusing on the use of blockchain technology to improve logistics in multiple sectors. Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.  For example, in September 2020, AirAsia, a Malaysia based multinational airline, launched its blockchain-based air cargo network, Freightchain, to help uncover all available cargo network connections operated by airlines and then facilitate bookings in real-time via bids that are verified instantly on the blockchain.

Major players in the freight chartered air transport services market are Air Charter Service, Air Transport Services Group Inc., Stratos Jet Charters Inc., Cargo Air Chartering, Cathay Pacific Airways Ltd., Air Partner, and Fliteline.

North America was the largest region in the freight chartered air transport services market in 2022. Asia-Pacific was the second largest region in the global freight chartered air transport services market. The regions covered in the global freight chartered air transport services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the freight chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The freight chartered air transport market includes revenues earned by entities by ensuring that their cargo has exclusive use of the entire sailing or flight, with guaranteed security and departure/arrival times. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global freight chartered air transport market is segmented -

1) By Cargo Type: Time Critical Cargo, Heavy And Outside Cargo, Dangerous Cargo, Animal Transportation, Other Cargo Types

2) By Application: Private Use, Commercial Use

3) By End Use: Wealthy Individuals, Sports Teams, Large Corportations

    Table Of Contents

    1. Executive Summary

    2. Freight Chartered Air Transport Market Characteristics

    3. Freight Chartered Air Transport Market Trends And Strategies

    4. Freight Chartered Air Transpor Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Freight Chartered Air Transpor Market

    4.2 Ukraine-Russia War Impact On Freight Chartered Air Transpor Market

    4.3 Impact Of High Inflation On Freight Chartered Air Transpor Market

    5. Freight Chartered Air Transport Market Size And Growth

    5.1. Global Freight Chartered Air Transport Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Freight Chartered Air Transport Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Freight Chartered Air Transport Market Segmentation

    6.1. Global Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Time Critical Cargo

    Heavy And Outside Cargo

    Dangerous Cargo

    Animal Transportation

    Other Cargo Types

    6.2. Global Freight Chartered Air Transport Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Private Use

    Commercial Use

    6.3. Global Freight Chartered Air Transport Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Wealthy Individuals

    Sports Teams

    Large Corportations

    7. Freight Chartered Air Transport Market Regional And Country Analysis

    7.1. Global Freight Chartered Air Transport Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Freight Chartered Air Transport Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Freight Chartered Air Transport Market

    8.1. Asia-Pacific Freight Chartered Air Transport Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Freight Chartered Air Transport Market

    9.1. China Freight Chartered Air Transport Market Overview

    9.2. China Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Freight Chartered Air Transport Market

    10.1. India Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Freight Chartered Air Transport Market

    11.1. Japan Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Freight Chartered Air Transport Market

    12.1. Australia Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Freight Chartered Air Transport Market

    13.1. Indonesia Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Freight Chartered Air Transport Market

    14.1. South Korea Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Freight Chartered Air Transport Market

    15.1. Western Europe Freight Chartered Air Transport Market Overview

    15.2. Western Europe Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Freight Chartered Air Transport Market

    16.1. UK Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Freight Chartered Air Transport Market

    17.1. Germany Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Freight Chartered Air Transport Market

    18.3. France Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Freight Chartered Air Transport Market

    19.1. Eastern Europe Freight Chartered Air Transport Market Overview

    19.2. Eastern Europe Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Freight Chartered Air Transport Market

    20.1. Russia Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Freight Chartered Air Transport Market

    21.1. North America Freight Chartered Air Transport Market Overview

    21.2. North America Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Freight Chartered Air Transport Market

    22.1. USA Freight Chartered Air Transport Market Overview

    22.2. USA Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Freight Chartered Air Transport Market

    23.1. South America Freight Chartered Air Transport Market Overview

    23.2. South America Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Freight Chartered Air Transport Market

    24.1. Brazil Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Freight Chartered Air Transport Market

    25.1. Middle East Freight Chartered Air Transport Market Overview

    25.2. Middle East Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Freight Chartered Air Transport Market

    26.1. Africa Freight Chartered Air Transport Market Overview

    26.2. Africa Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Freight Chartered Air Transport Market Competitive Landscape And Company Profiles

    27.1. Freight Chartered Air Transport Market Competitive Landscape

    27.2. Freight Chartered Air Transport Market Company Profiles

    27.2.1. Air Charter Service

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Air Transport Services Group Inc.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Stratos Jet Charters Inc.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Cargo Air Chartering

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Cathay Pacific Airways Ltd.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Freight Chartered Air Transport Market

    29. Freight Chartered Air Transport Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Freight Chartered Air Transport Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Freight Chartered Air Transport Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Freight Chartered Air Transport Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Freight Chartered Air Transport Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: China, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: India, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: Japan, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Australia, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Indonesia, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: South Korea, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Western Europe, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: UK, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Germany, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: France, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Russia, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: North America, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: USA, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: South America, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: Brazil, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Middle East, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Africa, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Air Charter Service Financial Performance
  • Table 28: Air Transport Services Group Inc. Financial Performance
  • Table 29: Stratos Jet Charters Inc. Financial Performance
  • Table 30: Cargo Air Chartering Financial Performance
  • Table 31: Cathay Pacific Airways Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Freight Chartered Air Transport Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Freight Chartered Air Transport Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Freight Chartered Air Transport Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Freight Chartered Air Transport Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: China, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: India, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: Japan, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Australia, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: South Korea, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: UK, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: Germany, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: France, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Russia, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: North America, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: USA, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: South America, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: Brazil, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Middle East, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Africa, Freight Chartered Air Transport Market, Segmentation By Cargo Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Air Charter Service Financial Performance
  • Figure 28: Air Transport Services Group Inc. Financial Performance
  • Figure 29: Stratos Jet Charters Inc. Financial Performance
  • Figure 30: Cargo Air Chartering Financial Performance
  • Figure 31: Cathay Pacific Airways Ltd. Financial Performance
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