Air Transportation Market Insights As Per TBRC’s Latest Report

The Business Research Company’s global air transportation market analysis covers the year-on-year growth of the global air transportation market historic and forecast growth. It also includes chapters on the air transportation market trends, geographical analysis, and competitive landscape.
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The global air transportation market is forecast to grow at a CAGR (compound annual growth rate) of around 4.5% to 2020.
Air Transportation Market Segmentation
According to TBRC’s global air transportation market research, the market is split by segments into passenger, chartered air transportation and cargo.
Passenger was the largest segment in the air transportation market accounting for about 70% of the market. This includes organizations involved in transportation of passengers from one point to another within the same country or from a point in one country to a point within a different country.
Chartered Air Transportation was the second largest segment in the air transportation market. This includes organizations provide air transport services on an irregular or nonscheduled basis for passengers and cargo.
Cargo was the third largest segment in the air transportation market. This includes organizations that provide cargo air transportation services, trade document preparations, packing, crating, and transportation and logistics consulting services.
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Chartered Air Transportation had the highest forecast CAGR of 12.0% during 2017-2021. This was mainly due to increasing disposable income and growing corporate profits resulting in increased frequency of travel through chartered air transportation and increase in ancillary services revenues such as pick up and lounge services provided by the chartered air transportation service providers worldwide. This can also attribute to growing demand for charter air transportation services in emerging markets such as China and India and increasing popularity of on demand charter transportation services.
The global air transportation market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global passenger, chartered air transportation and cargo market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are American Airlines Group, Delta Airlines, United Continental, Lufthansa Group and FedEx.
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