Global cargo charter market to touch $53.65 billion at 5.8% CAGR: MRFR

The global air charter services market is slated to touch $53.65 billion at a 5.8% CAGR by 2032,(including passenger and cargo), says latest Market Research Future (MRFR) report, adding, charters are mainly utilised for time-sensitive and high-value freight transportation such as specialised cargo, oversized shipments, or urgent deliveries that are required immediately and cannot be accommodated by regular cargo airlines or by scheduled air cargo services. Charter capacity is also utilised when the demand for airfreight is high and the available capacity offered by commercial carriers is low and this situation particularly occurred during the Coronavirus pandemic.