Please Wait.....
Report
North America Charter Jet Services - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 90 Pages I Mordor Intelligence
The North America charter jet services market was valued at USD 10.81 billion in the current and is expected to reach USD 17.27 billion in five years, registering a CAGR of 9.83% during the forecast period.
The increase in the per capita income levels of the middle-class population in the region is enabling them to opt for charter services for tours and travel. This encourages charter service providers to expand their fleets to cover new routes in response to the rising demand and serve a larger market.
The emerging aviation emission norms and the diversified requirement of the clientele to personalize their travel experience have bolstered the demand for newer-generation aircraft. Also, the presence of a large high net-worth individual (HNWI) clientele in North America has positively affected the market's demand-side dynamics. At the same time, the associated ownership benefits, in terms of evolving fractional ownership or private jet card programs, have been a decisive factor in promoting market growth in the region. According to the Global Wealth Report 2022, the United States ranked highest, with over 140,000 ultra-high-net-worth individuals (with wealth above USD 50 million) in 2021, followed by China with 32,710 individuals.
Furthermore, the growth in interest in aircraft rental and the advent of membership programs in the charter jet service industry are expected to provide profitable prospects for the leading players in the market. At the same time, the high cost of services and the absence of skilled pilots hamper the market's growth.
North America Charter Jet Services Market Trends
Large Jet Segment Will Showcase Remarkable Growth During the Forecast Period
The large jet segment is projected to grow significantly during the forecast period. The large jets have large and spacious cabins with ample space for passengers to work, relax, and sleep and a very generous luggage capacity. Large jets are the epitome of comfort and performance for long-haul charter flights. These jets travel faster and longer than their smaller counterparts, with speeds of as high as 530 mph and middle ranges of around 4,000 miles. The main advantages of owning a large private jet are its flexibility and convenience. The travel plans can be tailored to suit the traveler's schedule, and there's no need to worry about the hassles and delays of commercial air travel.
Although large, they are still compact enough to operate out of airports not accessible by many major airlines. Amenities available on large jets often include a private lavatory, stereo DVD, satellite phone, external baggage compartments, fax, and a full galley. Additionally, onboard flight attendants improve the in-flight experience by providing additional safety and comfort while assisting with gourmet catering and entertainment. For instance, in May 2021, Dassault Aviation announced an all-new Falcon jet that delivered high comfort, versatility, and technology.
United States is Anticipated to Dominate the Market During the Forecast Period
The United States is anticipated to dominate the market during the forecast period. The growth is due to many high-net-worth individuals (HNWIs), increasing demand for newer-generation aircraft, and the evolution of new aircraft ownership models. Furthermore, to fulfill the needs of consumers in this region, air charter operations have undertaken a fleet-modernization initiative, which has resulted in the dispersal of several contracts for procuring new business jets. For instance, XOJET Aviation, a leading charter service provider based in the United States, deploys solutions to offer an asset-light alternative to full jet ownership and the rigid, non-refundable jet card and fractional jet ownership models. The company operates a fleet of 116 owned aircraft and 1,500 partner operator aircraft to provide a distinguished level of service even while booking single seats on shared flights.
Also, Honeywell International Inc.'s 31st annual Global Business Aviation Outlook published in 2022 forecasted up to 8,500 new business jet deliveries worth USD 274 billion in ten years, up by 15% in deliveries and spending from the same 10-year forecast a year ago. Thus, the growing demand for jets for various applications such as business travel and leisure purposes drives the growth of the market across the country.
North America Charter Jet Services Industry Overview
The North America charter jet services market is fragmented, with several players holding significant shares in the market. Some of the key players in the market are NetJets IP, LLC., XOJET Aviation, Gama Aviation PLC, Delta Airlines, Inc., and PrivateFly. There were around 964 registered aircraft charter operators in the United States alone. While some operate on selected routes, some use a vast fleet and support national and international travel. The market is highly dependent on technological advancement and product innovation; hence, mid-size to smaller companies are increasing their market presence by securing new membership contracts and tapping new markets by operating on new routes.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Aircraft Size
5.1.1 Light
5.1.2 Mid-size
5.1.3 Large
5.2 Country
5.2.1 United States
5.2.2 Canada
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles*
6.1.1 Delta Airlines, Inc.
6.1.2 Executive Jet Management, Inc.
6.1.3 Fly Victor Limited
6.1.4 Gama Aviation Plc
6.1.5 Jettly Inc.
6.1.6 Magellan Jets, LLC
6.1.7 NetJets IP, LLC
6.1.8 VistaJet Group Holding Limited
6.1.9 PrivateFly
6.1.10 Stratos Jet Charters, Inc.
6.1.11 XOJET Aviation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security