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Private jet charter services have had a mixed five years. While the COVID-19 pandemic stifled air travel, the industry's position as providers of socially-distanced travel allowed them to avoid more severe losses. Revenue rebounded in 2021 as corporate profit surged and pent-up demand was released. Still, much of this growth was lost in 2022 as intense inflation dragged down disposable income and forced consumers to choose cheaper options for flying. Industry revenue has swelled at a CAGR of 0.5% to an estimated $28.9 billion over the five years through 2024, including an estimated rise of 0.3% in 2024 alone.
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IBISWorld's research coverage on the Private Jet Charters industry in the United States includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.
The Private Jet Charters industry in the United States operates under the NAICS industry code OD6420. Operators in this industry provide on-demand air travel services using privately owned aircraft. Clients can charter a jet for business or leisure purposes and choose their departure times and destinations. Private jet charter companies cater to individuals and businesses seeking luxurious, convenient, personalized air travel experiences. Related terms covered in the Private Jet Charters industry in the United States include air charter, jet card, acmi and wet lease.
Products and services covered in Private Jet Charters industry in the United States include Private small jets, Private super-midsize and long-range jets and Private midsize jets.
The Private Jet Charters industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Private Jet Charters industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Private Jet Charters industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Private Jet Charters industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Private Jet Charters industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Private Jet Charters industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Private Jet Charters industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Private Jet Charters industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Private Jet Charters industry in the United States.
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The market size of the Private Jet Charters industry in the United States is $28.9bn in 2026.
There are 2,056 businesses in the Private Jet Charters industry in the United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Private Jet Charters industry in the United States has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Private Jet Charters industry in the United States is expected to grow.
Chartering private jets and Scenic tours and sightseeing air services are part of the Private Jet Charters industry in the United States.
The level of competition is high and steady in the Private Jet Charters industry in the United States.