Market Size & Forecast
1. U.S. Private Jet Charter / Air Charter Services
- In 2024, the U.S. air charter services market was valued at $12.2 billion ().
- Globally, air charter services were valued at $29.5 billion in 2024 and estimated to reach $31.3 billion in 2025, with projected growth to $49.8 billion by 2033 (6% CAGR) (, ).
- Another estimate places the American private jet charter market at $28.9 billion in 2025 ().
- A separate forecast suggests the private jet charter services market will grow from $21.24 billion in 2024 to $24.12 billion in 2025, and further to $40.05 billion by 2029 (13.5% CAGR) ().
2. Business Jet Rental Market (Global & U.S.)
- The global business jet rental market (on-demand charters and rentals) is projected to rise from $9.674 billion in 2025 to $20.881 billion by 2030 (16.8% CAGR) ().
- Specifically, the private jets rental market (likely overlapping with charter services) was valued at $4.4 billion in 2024 and expected to reach $9.3 billion by 2033 (8.9% CAGR) ().
3. Context: Private Aircraft Ownership
- The broader global private aircraft market (including sales of jets, helicopters, etc.) is expected to grow from $26.6 billion in 2024 to $80.8 billion by 2034 (6.7% CAGR) ().
Summary Table: U.S. Private Aircraft Rental Market
| Segment | U.S. Value (Year) | Key Estimate / Growth |
|---|---|---|
| Air Charter Services (U.S.) | $12.2 B (2024) | Mature market; includes on-demand charters for individuals and businesses () |
| American Private Jet Charter | $28.9 B (2025) | Broader charter activity; demand surging post-pandemic () |
| Global Rental Market | $9.674 B (2025) – $20.881 B (2030) | Elevated global demand; U.S. a significant portion () |
| Private Jets Rental Market | $4.4 B (2024) – $9.3 B (2033) | Narrower segment; still significant growth potential () |
Key Drivers for U.S. Market Growth
- Corporations and HNWIs are increasingly turning to private aviation for efficiency, flexibility, and safety—especially amid hybrid work models and resumed business travel (, ).
- Booking innovations: Jet cards, app-based charter platforms, and seat-sharing models are making private flight more accessible ().
- Cultural shift: Private jets are symbolizing wealth and elite mobility, enhancing the aspirational value among affluent travelers ().
- The U.S. benefits from developed infrastructure, high concentration of wealth, and established operators (e.g., NetJets, Wheels Up, Flexjet) (, , ).
Final Thoughts
- The U.S. private aircraft rental and charter market is substantial—ranging between $12–29 billion depending on how broadly you define the segment.
- Strong growth trends suggest continued expansion, driven by business demand, technological innovation, and shifting travel preferences.
- Rental/charter services remain an attractive alternative to ownership, offering flexibility, fewer capital commitments, and easier access.
Let me know if you’d like insights on segment breakdowns (e.g., light vs. large jets), leading companies, or how JetEXE might capitalize on these market trends!