Market Dynamics
Air freight has remained an indispensable tool for the transport of time sensitive commodities, like perishables; high-value, low-weight goods, including consumer electronics; high-fashion apparel; pharmaceuticals; industrial machinery; and high-value intermediate goods such as auto parts.
The APAC region holds the highest market share with more than 40% of the total market; China leads the way with 15% of the total market share and is expected to be top for years to come. The more mature markets, like North America and Europe have started to recover after the global economic meltdown and are showing promising signs of growth.
The rising fuel prices has a complex effect on this market, air transport has become more expensive with the rising fuel prices, however, it is also driving a need for more efficient planes which has created a market for advanced cargo only flights. Of the current global cargo fleet 61% has been converted from old passenger flights. However, this is changing gradually and will have an impact on the market as The performance, efficiency, and reliability of new, purpose-built freighters outweigh the lower purchase prices for converted large freighters, especially for intercontinental operations, where high cargo density, larger payloads, and extended range are crucial
Major Players: CATERPILLAR INC. , KOMATSU LTD. , LEIBHERR GROUP, J.C. BAMFORD EXCAVATORS LIMITED, XCMG GROUP, SANY HEAVYINDUSTRY CO., LTD. , ATLAS COPCO, amongst others
Reasons to Purchase this Report:
Report Customization:
This report can be customized to meet your requirements.
This product will be delivered within 2 business days.
Air freight has remained an indispensable tool for the transport of time sensitive commodities, like perishables; high-value, low-weight goods, including consumer electronics; high-fashion apparel; pharmaceuticals; industrial machinery; and high-value intermediate goods such as auto parts.
The APAC region holds the highest market share with more than 40% of the total market; China leads the way with 15% of the total market share and is expected to be top for years to come. The more mature markets, like North America and Europe have started to recover after the global economic meltdown and are showing promising signs of growth.
The rising fuel prices has a complex effect on this market, air transport has become more expensive with the rising fuel prices, however, it is also driving a need for more efficient planes which has created a market for advanced cargo only flights. Of the current global cargo fleet 61% has been converted from old passenger flights. However, this is changing gradually and will have an impact on the market as The performance, efficiency, and reliability of new, purpose-built freighters outweigh the lower purchase prices for converted large freighters, especially for intercontinental operations, where high cargo density, larger payloads, and extended range are crucial
Major Players: CATERPILLAR INC. , KOMATSU LTD. , LEIBHERR GROUP, J.C. BAMFORD EXCAVATORS LIMITED, XCMG GROUP, SANY HEAVYINDUSTRY CO., LTD. , ATLAS COPCO, amongst others
Reasons to Purchase this Report:
- Current and future market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Detailed study of the segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
Report Customization:
This report can be customized to meet your requirements.
This product will be delivered within 2 business days.
Table of Contents
1. Introduction
2. Research Methodology
5. Market Overview and Technology Trends
6. Market Dynamics
7. Global Airfreight Market, Segmented By Aircraft Type
8. Global Airfreight Market, Segmented By Freight Item
9. Global Airfreight Market, Segmented By Geography
10. Competitive Landscape
11. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- FedEx Express
- United Parcel Service
- Emirates Cargo
- Cathay Pacific Cargo
- Cargolux
- Chinese Airlines(China Southern
- China Airlines
- Air China)
- ANA Cargo
- Qatar Airways Cargo
- Lufthansa Cargo
- Ethiad Cargo
- British Airways World Cargo
- Zela Aviation
- Trego-Dugan
- Magma Aviation
Methodology
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