China Chartered Air Transport Market Size
| Study Period | 2024-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.62 Billion |
| Market Size (2029) | USD 22 Billion |
| CAGR (2024 - 2029) | 7.07 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Chartered Air Transport Market Analysis
The China Chartered Air Transport Market size is estimated at USD 15.62 billion in 2024, and is expected to reach USD 22 billion by 2029, growing at a CAGR of 7.07% during the forecast period (2024-2029).
- In recent years, China has witnessed significant growth in the chartered air transport market. This can be attributed to various factors, including the country's booming economy, increased disposable income, and the rising demand for luxury travel experiences. As more people in China seek unique and personalized travel options, the chartered air transport market has become an attractive choice.
- One of the key drivers of the chartered air transport market in China is the growing number of high-net-worth individuals and corporate clients. These individuals and organizations often require exclusive and efficient travel options, and chartered air transport provides them with the luxury and convenience they desire. Whether it's for business purposes or leisure travel, chartered flights offer a level of privacy, comfort, and flexibility that is unmatched by commercial airlines.
- China's vast geographical landscape also contributes to the demand for chartered air transport. With its diverse regions and remote destinations, traditional airline routes may only sometimes be the most convenient or efficient option. Chartered flights allow travelers to reach their desired locations directly, saving time and providing a hassle-free travel experience.
- In addition to individual travelers, the corporate sector plays a significant role in driving the chartered air transport market in China. Many businesses rely on private jets or chartered aircraft to transport their executives and employees, enabling them to travel quickly and efficiently for meetings, site visits, and other business-related activities. The flexibility and convenience of chartered air transport allow companies to optimize their travel schedules and enhance productivity.
- When it comes to the infrastructure and facilities for chartered air transport in China, the country has made significant investments to meet the growing demand. Major cities like Beijing, Shanghai, and Guangzhou have well-equipped airports with dedicated terminals for private and chartered flights. These terminals provide exclusive services, including VIP lounges, customs clearance, and streamlined security procedures, ensuring a seamless travel experience for passengers.
China Chartered Air Transport Market Trends
Booming Chartered Freight Transport Segment
In recent years, China has witnessed significant growth in the freight chartered air transport market. This can be attributed to the country's booming economy, rapid industrialization, and increasing international trade. As China continues to be a major global manufacturing hub and exporter, the demand for efficient and reliable cargo transportation has been on the rise.
One of the key drivers of the freight chartered air transport market in China is the need for fast and secure delivery of goods. Chartered air transport provides a quicker alternative to traditional sea or land transportation, especially for time-sensitive or high-value cargo. By utilizing chartered aircraft, companies can ensure that their goods reach their destinations in a timely manner, reducing transit times and potential delays.
China's extensive network of airports and air cargo infrastructure also contributes to the growth of the freight-chartered air transport market. Major cities like Shanghai, Beijing, and Guangzhou have well-equipped cargo terminals and facilities, allowing for efficient handling, storage, and transportation of goods. These airports are strategically located and connected to global air routes, facilitating seamless international trade.
The e-commerce boom in China has further fueled the demand for freight chartered air transport. With the rise of online shopping and cross-border e-commerce, there is a need for fast and reliable transportation of goods between China and other countries. Chartered air transport offers a convenient solution for businesses to meet the growing demands of their customers, ensuring timely delivery and customer satisfaction.
In addition, the perishable goods industry in China heavily relies on freight chartered air transport. Fresh produce, seafood, and other perishable goods require swift transportation to maintain their quality and freshness. Chartered aircraft with specialized temperature-controlled cargo holds enable the transportation of perishable goods in optimal conditions, ensuring that they reach their destinations in a pristine state.
The freight chartered air transport market in China is also driven by the country's Belt and Road Initiative (BRI). The BRI aims to enhance connectivity and promote trade between China and countries along the ancient Silk Road routes. As part of this initiative, China has invested in improving its air cargo infrastructure, creating more opportunities for freight-chartered air transport.
China's Belt and Road Initiative Boosting the Chartered Air Transport Market
The Belt and Road Initiative (BRI) is having a significant impact on the chartered air transport market in China. The BRI is a massive infrastructure project aimed at enhancing connectivity and trade between China and other countries along the ancient Silk Road routes. It involves the development of transportation infrastructure, including airports, roads, railways, and ports, to facilitate smoother trade and economic cooperation.
One of the key ways the BRI is boosting the chartered air transport market is through the improvement and expansion of airports in China. As part of the initiative, China has been investing heavily in upgrading its existing airports and building new ones in strategic locations. This has resulted in increased capacity and improved facilities for both passenger and cargo flights.
With the development of modern and well-equipped airports, the chartered air transport industry has seen a significant increase in demand. Companies now have access to more efficient and convenient transportation options, allowing them to transport goods quickly and reliably. This has led to a surge in the use of chartered air transport for various purposes, including the movement of high-value goods, time-sensitive cargo, and even emergency relief supplies.
Furthermore, the BRI has fostered economic cooperation and partnerships between China and participating countries. This has led to an increase in trade and investment activities, creating a greater need for efficient logistics and transportation solutions. Chartered air transport offers a flexible and reliable option for businesses to transport goods to different parts of the world, especially in regions where other modes of transportation may be limited or less efficient.
The BRI has also resulted in the establishment of new trade routes and the expansion of existing ones. This has opened up opportunities for the chartered air transport market to serve as a crucial link in the supply chain. By providing fast and efficient transportation services, chartered air transport enables companies to take advantage of these new trade routes and reach markets that were previously inaccessible or difficult to access.
In addition to infrastructure development, the BRI has also encouraged policy reforms and regulatory changes that support the growth of the chartered air transport market. Governments along the BRI routes have implemented measures to streamline customs procedures, reduce bureaucratic red tape, and facilitate cross-border trade. These reforms have made it easier for companies to utilize chartered air transport services, leading to increased demand and market growth.
As of April 2023, according to official Chinese announcements, in total 149 countries (including China) had signed documents to join China's Belt and Road Initiative (BRI), around nine countries more than in January 2021.
China Chartered Air Transport Industry Overview
The competitive landscape of the chartered air transport market in China is quite consolidated and diverse. There are several key players in the industry, including both domestic and international airlines, as well as specialized charter operators.
On the domestic front, airlines such as Air China, China Eastern Airlines, and China Southern Airlines have a significant presence in the chartered air transport market. These airlines offer a range of services, including passenger charters, cargo charters, and even special charters for events or group travel. They have a strong network of routes and operate modern aircraft, providing reliable and efficient transportation options.
Internationally, some airlines operate chartered flights to and from China. These airlines may have partnerships or codeshare agreements with Chinese carriers, allowing them to offer seamless connections and expand their reach in the Chinese market. This adds to the competition and provides more options for customers looking for chartered air transport services.
China Chartered Air Transport Market Leaders
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Amber Aviation
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Baa Jet Management Ltd.
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Beijing Airlines
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China Southern Airlines General Aviation
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Deerjet
*Disclaimer: Major Players sorted in no particular order
China Chartered Air Transport Market News
- October 2023: Air Charter Services, the aircraft charter broker, has increased its efforts to concentrate on Shanghai and the surrounding provinces, including Zhejiang and Jiangsu, by relocating its office in Shanghai to bigger premises.
- July 2023: Jayud Introduces New Air Charter Services The launch of Jayud’s new air charter service strengthens its Southeast Asian presence and allows the company to serve its customers better through direct, smooth logistics solutions.
China Chartered Air Transport Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Market
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Current Market Scenario
- 4.2 Government Initiatives and Regulations
- 4.3 Supply Chain/Value Chain Analysis
- 4.4 Brief on chartered air transport services
- 4.5 Overview on the cost of chartered services
- 4.6 Insights on chartered services by end-user industry
- 4.7 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
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5.1 Drivers
- 5.1.1 Growing demand for businesses
- 5.1.2 Increasing disposable income
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5.2 Restraints
- 5.2.1 Regulatory challenges
- 5.2.2 Infrastructure limitations
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5.3 Opportunities
- 5.3.1 Increased international tourism
- 5.3.2 Development of new routes and destination
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5.4 Industry Attractiveness - Porter's Five Forces Analysis
- 5.4.1 Bargaining Power of Suppliers
- 5.4.2 Bargaining Power of Consumers
- 5.4.3 Threat of New Entrants
- 5.4.4 Threat of Subsititutes
- 5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
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6.1 By type
- 6.1.1 Time Critical Cargo
- 6.1.2 Heavy and Oversized Cargo
- 6.1.3 Dangerous Cargo
- 6.1.4 Animal Transportation
- 6.1.5 Other Cargo Types
7. COMPETITIVE LANDSCAPE
- 7.1 Market Concentration Overview
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7.2 Company Profiles
- 7.2.1 Amber Aviation
- 7.2.2 Baa Jet Management Ltd.
- 7.2.3 Beijing Airlines
- 7.2.4 China Southern Airlines General Aviation
- 7.2.5 Deerjet
- 7.2.6 Donghai Jet Co. Ltd
- 7.2.7 Jiangsu Jet
- 7.2.8 Nanshan Jet Co. Ltd
- 7.2.9 Reignwood Star General Aviation
- 7.2.10 Sino Jet
- 7.2.11 ZYB Lily Jet Ltd.
- *List Not Exhaustive
8. FUTURE OF THE MARKET
9. APPENDIX
China Chartered Air Transport Industry Segmentation
The chartered air transport market refers to the industry that involves the rental or chartering of entire aircraft for specific purposes. Instead of flying on a scheduled commercial flight, individuals or organizations can rent an entire aircraft for their exclusive use. This allows them to customize their flight schedules, destinations, and other aspects of their travel experience. Chartered air transport offers a more private, flexible, and personalized option compared to traditional commercial flights.
The China chartered air transport market is segmented by end-user. The market is segmented 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 China chartered air transport market in value (USD) for all the above segments.
| By type | Time Critical Cargo |
| Heavy and Oversized Cargo | |
| Dangerous Cargo | |
| Animal Transportation | |
| Other Cargo Types |
China Chartered Air Transport Market Research FAQs
How big is the China Chartered Air Transport Market?
The China Chartered Air Transport Market size is expected to reach USD 15.62 billion in 2024 and grow at a CAGR of 7.07% to reach USD 22 billion by 2029.
What is the current China Chartered Air Transport Market size?
In 2024, the China Chartered Air Transport Market size is expected to reach USD 15.62 billion.
Who are the key players in China Chartered Air Transport Market?
Amber Aviation, Baa Jet Management Ltd., Beijing Airlines, China Southern Airlines General Aviation and Deerjet are the major companies operating in the China Chartered Air Transport Market.
What years does this China Chartered Air Transport Market cover, and what was the market size in 2023?
In 2023, the China Chartered Air Transport Market size was estimated at USD 14.52 billion. The report covers the China Chartered Air Transport Market historical market size for years: . The report also forecasts the China Chartered Air Transport Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Chartered Air Transport Industry Report
Statistics for the 2024 China Chartered Air Transport market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Chartered Air Transport analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
