United States Chartered Air Freight Transport Market Size (2024 - 2029)

United States Chartered Air Freight Transport Market Analysis

The United States Chartered Air Freight Transport Market size is estimated at USD 22.90 billion in 2024, and is expected to reach USD 26.54 billion by 2029, growing at a CAGR of 2.99% during the forecast period (2024-2029).

• The United States Chartered Air Freight Transport Market is valued at USD 4.8 billion and is expected to register a CAGR of 6.8% during the forecast period. In the early stages of the pandemic, there was a noticeable reduction in demand for air travel because of lockdowns, travel restrictions, and people's fear of contracting the virus. As a result, there was a major decline in activity on the market for air charter services. Because many airlines, including major carriers, were forced to cancel their flights, there was an increase in demand for air charter services, particularly for emergency medical transport, repatriation flights, and freight transport.
• But despite this rise in demand, it wasn't enough to stop the market's general decline. While the pandemic continues, the air charter services industry is starting to recover due to the growing demand for private jets and other small aircraft.
• One of the main elements driving the demand for air charter services in the nation is the rise in disposable income of the population. Since air charter services give consumers greater access and flexibility than any other commercial airline, they draw the attention of customers with plenty of discretionary income to fly whenever it is most convenient for them.
• Additionally, air charter services give the customer a sense of luxury with extreme comfort and little limits on carrying passengers and cargo. As a result, wealthy individuals are seen gravitating towards air charter services.
• Several corporate offices and companies with international commercial operations represent the United States. By providing businesses with tailored cargo charter services, air charter services will aid in the operation of this business's trade.

United States Chartered Air Freight Transport Industry Segmentation

A charter business model is one in which the aircraft is rented to the users for operation as per their needs. A charter service provider or operator is a professional organization accredited and licensed to provide the pilots and fly the aircraft. Charter services can be opted for by individuals, corporations, VIPs, sportspersons, and government officials for their use after entering into a mutual understanding with the charter operator regarding the terms and conditions of the rental program. A charter aircraft can also be modified for performing other roles, such as emergency medical services, cargo delivery, or equipment resupply.

The United States chartered the air freight transport market by type (time-critical cargo, heavy and oversized cargo, dangerous cargo, animal transportation, and other cargo types). 

The report offers market size and forecasts for the United States chartered air freight transport market in value (USD) for all the above segments.