Market Size of MEA Jet Charter Services Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 566.46 Million |
| Market Size (2029) | USD 943.39 Million |
| CAGR (2024 - 2029) | 10.74 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Jet Charter Services Market Analysis
The MEA Jet Charter Services Market size is estimated at USD 566.46 million in 2024, and is expected to reach USD 943.39 million by 2029, growing at a CAGR of 10.74% during the forecast period (2024-2029).
The increase in the per capita income of the middle-income group in the region is enabling them to opt for charter services to satisfy their exquisite tourism needs. This encourages charter service providers to expand their fleets to cover new routes in response to the rising demand and serve a larger market.
Emerging aviation emission norms and the clientele's diversified requirement to personalize their travel experience have bolstered the demand for newer-generation aircraft. Also, the presence of a growing high-net-worth individual (HNWI) clientele in the region has had a positive effect on the demand-side dynamics of the market. The associated ownership benefits in terms of evolving fractional ownership or private jet card programs have been a decisive factor in promoting the market's growth in the region.
