Global Transport Services Market

The transport market consists of sales of transportation equipment and related services by entities (organizations, sole traders, and partnerships) that produce equipment for transporting people and goods. Transportation equipment is a type of machinery. The main types in the transport market are motor vehicle parts, motor vehicles, train and components, trailer, motor home, travel trailer and camper, ship and boat building and repairing, all other transportation equipment. The motor vehicle parts refer to the parts of the vehicles such as bicycles, cycles, and other types. The various applications include general services, dockage, hull part, engine parts, electric works, auxiliary services. These are used in transport companies, the military, other end users. The global transport market size is expected to grow from $5,345.15 billion in 2021 to $5,910.51 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global transport market is then expected to grow to $8,511.38 billion in 2026 at a CAGR of 9.5%. The transport manufacturing market is aided by the rapid economic growth of developing countries during the historic period. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the transportation manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries impose lockdowns. The outbreak continued to hurt businesses throughout 2020 and into 2021. However, it is expected that the transportation manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality and augmented reality technologies are being widely used by transportation manufacturing companies for the faster creation of physical prototypes and to reduce manufacturing defects. While AR is a real-time integration of digital information with the user's environment, VR is a three-dimensional, computer-generated environment that can be explored and interacted with. These technologies benefit the manufacturing process by reducing rework, increasing quality, lowering labor costs, meeting timelines, improving safety, streamlining collaboration, design analysis approach, improving accuracy, aid in project management, and presentation of product plans. Major transportation manufacturing companies utilizing AR and VR technologies include Toyota, Volkswagen Group, General Motors, and Daimler AG. Major companies in the transport market include Toyota Motor Corp, Volkswagen AG, Daimler AG, EXOR Group, Fiat Chrysler Automobiles NV, Ford Motor Co, SAIC Motor Co Ltd, Honda Motor Co Ltd, General Motors Co, and Peugeot. Asia Pacific was the largest region in the transport market in 2021. Western Europe was the second largest market in the global transport market during the forecast period. The regions covered in the global transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global transport market is segmented - 1) By Type: Motor Vehicle Parts, Motor Vehicles, Train and Components, Trailer, Motor Home, Travel Trailer and Camper, Ship and Boat Building and Repairing, All Other Transportation Equipment 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Others Subsegments Covered: Motor Vehicle Body, Stamped Metal and Other Parts, Motor Vehicle Engine, Power Train and Parts, Motor Vehicle Electrical and Electronic Equipment, Steering Suspension, and Interiors, Motorcycle and Bicycle, Passenger Car, Commercial Vehicle, Locomotives, Wagons, and Other Rolling Stock, Parts and Accessories for Railway Vehicles, Dry Vans, Refrigirated Trailers, Tank Trailers, Flatbed Trailers, Lowboy Trailers, Other Trailers, Self-Contained Motor Homes Assembling, Van and Minivan Conversions, Travel Trailer, Camper, Shipbuilding and Repairing, Boat Building and Repairing

Transportation Manufacturing Market Characteristics

The water transport market consists of sales of water transportation services and related goods by entities (organizations, sole traders, and partnerships) that provide water transportation of passengers and cargo using watercraft, such as ships, barges, and boats. The main types in the water transport market are the deep sea, coastal, and great lakes, and inland water transport. The deep-sea transportation mode transports people and goods via sea waterways. The water transport market is also segmented by application into onshore and offshore. The global water transport market size is expected to grow from $507.75 billion in 2021 to $537.07 billion in 2022 at a compound annual growth rate (CAGR) of 5.8%. The water transport market is then expected to grow to $650.21 billion in 2026 at a CAGR of 4.9%. Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of several other environmental phenomena present in the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time. The data captured by the sensor allows shipowners to improve the overall maintenance cycle of visits, including condition monitoring and condition-based monitoring. For instance, NoraSens and Silicon Radar are some of the companies that manufacture sensors for ships. Major companies in the water transport market include A.P. Møller-Mærsk A/S, China Ocean Shipping Company Limited, Cargill Incorporated; CMA CGM S.A., Hapag-Lloyd AG, Nippon Yusen, Evergreen Marine Corp, K-Line, Hyundai Merchant Marine Co. Ltd, and Kuehne + Nagel International AG. Asia Pacific was the largest region in the water transport market in 2021. Western Europe was the second largest region in the global water transportation market. The regions covered in the water transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global water transport market is segmented - 1) By Type: Deep Sea, Coastal, and Great Lakes; Inland Water Transport 2) By Application: Onshore, Offshore Subsegments Covered: Deep Sea Transport, Coastal and Great Lakes Transport, Inland Water Freight Transport, Inland Water Passenger Transport

The air transport services market consists of sales of air transportation services and related goods by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters, to provide air transportation of passengers and/or cargo. The market includes services offered by both scheduled and nonscheduled air carriers. Revenues from the sales of auxiliary in-flight services such as meals, snacks, beverages, and duty-free shopping, provided by companies are also included in this market. Scenic and sightseeing air transportation and air courier services are not included in the air transport services market. The main types of air transport services are passenger air transport, chartered air transport, and air cargo services. The chartered air transport services involve the public and private chartered services that provide air transportation of passengers. The market is segmented by distance into long-distance and short-distance and by end-use into private and commercial. The global air transport market size is expected to grow from $653.05 billion in 2021 to $728.61 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The air transport services market is then expected to grow to $1,332.45 billion in 2026 at a CAGR of 16.3%. The use of analytics is rapidly growing in the aviation industry to capture critical insights from customers and operations data. It allows airlines to offer personalized services to their customers by using data analytics tools at every customer touchpoint. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, commercial airlines are looking to enhance customer satisfaction levels by analyzing parameters such as ticket sales passenger profile and purchase history. For instance, Chicago-based United Airlines analyzes 150 variables in a customer profile to offer a more personalized offer. Major companies using analytics in the aviation industry are Southwest Airlines, Delta Airlines, and United Airlines. Major companies in the air transport services market include The Emirates Group, China Airlines, American Airlines Group Inc., Delta Air Lines Inc., United Airlines Inc., China Southern Airlines, Qatar Airways Company Q.C.S.C, Air France–KLM, and Lufthansa Group. Asia Pacific was the largest region in the air transport services market in 2021. North America was the second largest region in the air transport services market. The regions covered in the air transport service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air transport services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global air transport market is segmented - 1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services 2) By Distance: Long-Distance, Short-Distance 3) By End-Use: Private, Commercial Subsegments Covered: Domestic Air Passengers, International Air Passengers, Passenger Chartered Air Transport, Freight Chartered Air Transport, Others - Chartered Air Transportation, Air Mail, Air Freight

The rail transport market consists of sales of rail transportation services and related goods by entities (organizations, sole traders, and partnerships) that use trains to provide transport for passengers and/or cargo. Railroads operate either on networks with physical facilities, labor forces, and equipment spread over a wide geographic area or operate over a short distance on a local rail line. This market excludes street railroads, commuter rail, urban rapid transit, and scenic and sightseeing train transportation. The main types in the rail transport market are passenger rail transport and rail freight. The rail freight includes the services in which goods are transported by rail cars. The rail transport market is also segmented by distance into long-distance and short-distance and by destination into domestic and international. It is also segmented by the end-use industry into mining, construction, agriculture, construction, and others. The global rail transport market size is expected to grow from $469.74 billion in 2021 to $509.04 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The rail transport market is then expected to grow to $676.26 billion in 2026 at a CAGR of 7.4%. The rail transport services market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end-user markets, thereby driving the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the rail transport market in 2020 as governments imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including to Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and harmed businesses throughout 2020 and into 2021. However, the rail transport market started recovering from the shock. Advanced driver assistance system (ADAS) technology is becoming popular in the rail transportation industry to optimize energy usage, enhance operational management, safety and aid in cost reduction. These systems provide automatic warning, protection, operation, supervision, and control arrangement. They also aid in meeting stringent government regulations towards passenger safety. Around 60 million units of advanced driver assistance systems were produced globally. Some companies providing these systems for locomotives are Thales Group, Alstom S.A., Bombardier Transportation Hitachi Ltd., CRRC Corporation limited, Ansaldo STS, and SIEMENS AG. Major companies in the rail transport market include China Railway Corporation, Duetsche Bahn AG, Indian Railways, JSC Russian Railways, BNSF Railway, Union Pacific Corp, Berkshire Hathaway Inc., Central Japan Railway Co, Canadian National Railway, and CSX Corp. Asia Pacific was the largest region in the rail transport market in 2021. Western Europe was the second largest region in the rail transport market. The regions covered in the rail transport market market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the rail transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global rail transport market is segmented - 1) By Type: Passenger Rail Transport, Rail Freight 2) By Distance: Long-Distance, Short-Distance 3) By Destination: Domestic, International 4) By End-Use Industry: Mining, Construction, Agriculture, Others Subsegments Covered: Medium-Distance Passenger Transport, Long-Distance Passenger Transport, Short-Distance Passenger Transport, Intermodals, Tank Wagons, Freight Cars

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. 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. The dangerous cargo involves the shipment of substances that are at a risk to health, property, safety, or the environment. The freight chartered air transport market is segmented by application into private use and commercial use and by end-use into wealthy individuals, sports teams, and large corporations. The global freight chartered air transport market size is expected to grow from $20.92 billion in 2021 to $23.64 billion in 2022 at a compound annual growth rate (CAGR) of 13%. The freight chartered air transportation market is expected to grow to $36.68 billion in 2026 at a CAGR of 11.6%. The growing need for urgent shipment of dangerous goods and hazardous materials is expected to drive the freight chartered air transport market. Sensitive freights with dangerous goods including explosives, highly inflammable, 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 contaminations. 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 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 hinder the freight chartered air transport market. The cost of the cargo charter depends on many factors such as origin and destination points, 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 kilogram on transatlantic routes for some urgent shipments. Additionally, the cost of 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 hinder the market. 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 2021. Asia Pacific was the second largest region in the chartered freight air transport services market. The regions covered in the freight chartered air transport 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, UK, and USA. The global freight chartered air transport market is segmented - 1) By Cargo Type: Time Critical Cargo, Heavy and Outside Cargo, Dangerous Cargo, Animal Transportation, Others 2) By Application: Private Use, Commercial Use 3) By End-Use: Wealthy Individuals, Sports Teams, Large Corportations

The inland water passenger transport market consists of sales of inland water passenger transportation and related services by entities (organizations, sole traders, and partnerships) that provide inland water transportation of passengers on lakes, rivers, or intra-coastal waterways. The main passenger transportation type in the inland water passenger transport market are canal passenger transportation, intercostal transportation of passengers, lake passenger transportation, water shuttle services, river passenger transportation, ship chartering with the crew, and water taxi services. The lake passenger transportation provides inland water transportation of passengers on lakes. The inland water passenger transport market is segmented by mode into cruise ships, cargo-passenger ships, ferry ships, and others and by application into the supply chain, distribution, and end customers. The global inland water passenger transport market size is expected to grow from $1.49 billion in 2021 to $1.6 billion in 2022 at a compound annual growth rate (CAGR) of 7.0%. The inland water passenger transport market is then expected to grow to $1.99 billion in 2026 at a CAGR of 5.7%. The rising use of boats through inland waterways as a means of providing sightseeing services is expected to drive the inland water passenger transport market. There are many places such as The Mine Bay Rock Carvings in New Zealand, Horizontal Falls in Australia, Agia Roumeli in Greece, and others that are not accessible by roads but only through waterways, generating higher demand for inland water passenger transport services. According to Voices navigable de France, the French navigation authority, sightseeing vessels carried 11 million passengers and employed 1,440 people in France. Moreover, according to the European Barge Union Annual Report 2019-2020, the number of cruise passengers on European rivers increased by 9.9%, reaching 1.79 million passengers. Hence, an increase in the use of boats through inland waterways for sightseeing is boosting the inland water passenger transport market. Safety issues associated with boat services operating on inland waterways like rivers, lakes, and others are expected to limit the growth of the inland water passenger transport market. Traveling by boat in inland waterways is always associated with risks. Overloading, or even minor negligence, can lead to an unfortunate incident that could lead to a loss of life. According to 2019 Recreational Boating Statistics published by US Coast Guard, in 2019, 4,168 accidents including 2,559 injuries, 613 deaths, and about $55 million property damage was reported due to recreational boating accidents. In addition to this, according to the Australian Maritime Safety Authority, in August 2020, Australia reported 83 incidents, involving domestic commercial vessels. Factors such as overcrowding, not maintaining proper safety measures, natural disasters, the sudden climate change are reasons for poor safety for passengers, restricting the growth of the inland water passenger transport market. Companies in the inland water passenger transport market are increasingly implementing technology for enhancing the passenger and guest experience on-board. Cruise and ferry boats are among the first inland water passenger ships to adopt and integrate the technology. For instance, in February 2019, MSC cruise has installed virtual personal assistants ZOE in all guest cabins on-boards. Similarly, in February 2019, European ferry operator Stena Line has created a new chatbot named Stina to provide UK customers with 24/7 assistance and help them to book ferry trips. Moreover, in July 2019, Fred. Olsen Cruise Lines introduced an onboard app with SimpleClick, a software development agency to deliver information about the cruise, activities, and meals with limited connectivity. In October 2020, Hornblower Group, a USA-based leading yacht and public dining cruise company acquired Shore Excursions of America for an undisclosed amount. Through this acquisition, Hornblower Group plans to expand its land excursion portfolio while further creating a more seamless booking process for agents and consumers. Shore Excursions of America (SEA) is a USA-based provider of cruise extension packages, shore excursions, and uniquely inclusive exploration travel. Major players in the inland water passenger transport market are American Commercial Lines LLC, Ingram Industries, Jeffboat, European Cruise Service, Alnmaritec Ltd., Bayliner, Groupe Beneteau, CIWTC, CMA CGM Group, and Carnival Corporation. Western Europec was the largest region in the a inland water passenger transport market in 2021. Asia Pacific was the second largest region in the a inland water passenger transport market. The regions covered in the inland water passenger transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the inland water passenger transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global inland water passenger transport market is segmented - 1) By Passenger Transportation Type: Canal Passenger Transportation, Intercostal Transportation of Passengers, Lake Passenger Transportation, Water Shuttle Services, River Passenger Transportation, Ship Chartering With Crew, Water Taxi Services 2) By Mode: Cruise Ships, Cargo-Passenger Ship, Ferry Ships, Others 3) By Application: Supply Chain, Distribution, End Customers

The passenger chartered air transport services market consists of sales of passenger chartered air transportation services and related goods by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers 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. The main types of passenger chartered air transport market covered in this report are private charter services and business charter services. The private charter services involve in which an individual can rent an entire aircraft on a commercial airline. It is also segmented by size into light jets, mid-sized jets, large jets, and airliners. The passenger chartered air transport market covered is segmented by capacity into less than 10, 10-100, and greater than 100. The global passenger chartered air transport market size is expected to grow from $45.07 billion in 2021 to $48.88 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The passenger chartered air transportation market is then expected to grow to $64.42 billion in 2026 at a CAGR of 7.1%. The increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to drive the global passenger-chartered air transport market. Most UHNWI are inclined towards private charters rather than owning jets. In the Asia Pacific, Australia leads the market with 57 charter jets for 27 billionaires followed by Singapore which has 30 charter jets for their 28 billionaires. The prevalence of COVID19 has also supported the growth of the market as the individual’s traveling had to maintain social distancing and the UHNWIs were looking for safe and customized travel options. The growing preference for private charters contributed to the growth of the passenger-chartered air transport market. Fluctuating fuel prices is expected to hinder the growth of the passenger-chartered air transport market. An Increase in fuel price increases the operating costs of charter flights which increases the rental price of charter flights. For instance, in March 2019, jet fuel prices hiked by $64.14 per kilolitre in India which is an increase of 8.15%. Therefore, sudden fluctuations in price are expected to impact the growth of the passenger-chartered air transport market. A custom luxury vacation tour by chartered jets is a major trend gaining popularity in the global passenger chartered air transport services market. People are prioritizing travel, adventures, and unique experiences and private chartered jet services are offering customized tours for a group of travelers for the round-the-world tours as well. For instance, Abercrombie & Kent (A&K), a luxury travel company, that provides round-the-world tours on all-first-class airliners is now offering personalized tours through bizjet for up to 16 passengers. In March 2020, Wheels Up, a leader in total aviation solutions, acquired Gama Aviation for an undisclosed amount. The acquisition will increase Wheels Up’s fleet with more than 300 planes owned and operated. Gama Aviation is a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft. Major players in the passenger chartered air transport services market are Air Charter Service Group Ltd., Air Partner Plc, Asia Jet Partners Ltd., ASIAN SKY GROUP, Delta Private Jets, Inc., Flexjet LLC, Gama Aviation Plc, GlobeAir AG, NetJets Aviation Inc, and XO Global LLC. North America was the largest region in the passenger chartered air transport services market in 2021. Asia Pacific was the second largest region in the chartered passenger air transport services market. The regions covered in the passenger chartered air transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the passenger chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global passenger chartered air transport market is segmented - 1) By Type: Private Charter Services, Business Charter Services 2) By Size: Light Jets; Mid Sized Jets, Large Jets, Air Liner 3) By Capacity: Less than 10, 10-100, Greater than 100