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Air Cargo Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Air Mail and Air Freight), Service (Express and Regular), and End User (Retail, Pharmaceutical & Healthcare, Food & Beverage, Consumer Electronics, Automotive, and Others)

  • ID: 4762307
  • Report
  • June 2021
  • Region: Global
  • 164 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • ANA Cargo
  • Cargolux
  • Emirates SkyCargo
  • Etihad Cargo
  • FedEx Corporation
  • Lufthansa Cargo AG
  • MORE

According to the new research report titled “Air Cargo Market Forecast to 2028 - COVID-19 Impact and Global Analysis,” the market is expected to reach US$ 223.29 billion by 2028, registering a CAGR of 8.0% from 2021 to 2028.

Air cargo is a transportation mode of delivering fastospeed shipments through aircraft for longer distances, generally. Air cargo contributes to development of economy worldwide as the global economy relies on the capability to transport valuable and superior quality products rapidly to consumers across the world. The air cargo industry has changed considerably over the past few decades. Further, innovative logistics and supply chain concepts established on low-fuel costs as well as labour costs emerged together with trends in justoin-time production and end-point manufacturing assembly destination. Moreover, a surge in demand for expeditious shipping, as well as transparency has been noticed.

With the rapid development of connected technologies, mobile devices consumers’ lives have changed in many aspects, which includes their purchasing process. In the present scenario, consumers are turning to e-commerce, resulting in increased cross-border sales. This, in turn, is boosting the growth of the air cargo market, as the manufacturers or sellers aim to reach the customer as quickly and economically as possible. In addition, the provision of air cargo including faster delivery speed and high investments by the government in favour of air cargo also fuel the growth of the global air cargo market.

The air cargo industry generally competes with the other transportation modes including rail, road, and maritime. Mode mix optimization as well as modal shift from air to low-priced or more eco-friendly maritime or rail transport has been observed for some years. Freight forwarders provide more air/sea, air/rail, or air/road products that integrate to form price and total freight time flexibility. Currently, the new railway as well as road-based “Silk Road” network, which connects China with Europe is snatching business from air and sea cargo. In the coming years, Hyperloop One may capture the air cargo market, which is at present being considered for application in the Gulf region. However, in the current market scenario, air cargo has become ever more competitive against other transportation modes.

The air cargo market is segmented based on type, service, end user, and geography. Based on type, the market is further segmented into air mail and air freight. In 2021, the air freight segment accounted for a significant share in the global air cargo market. In terms of service, the market is categorized into express and regular. In 2021, the regular segment accounted for a significant share in the global air cargo market. Based on end user, the market is further segmented into retail, pharmaceutical & healthcare, food & beverage, consumer electronics, automotive, and others. In 2021, the pharmaceutical & healthcare segment accounted for a significant share in the global air cargo market. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2021, Asia Pacific accounted for a significant share in the global air cargo market.

Impact of COVID-19 Pandemic on North America Air Cargo Market

North America is engaging in development and adoption of new technologies due to favorable government policies to boost innovation and strengthen the infrastructure capabilities. The Canadian government is anticipated to aid the sector, including financial support to airlines. In addition, the US Government has vastly supported its airlines during the crisis, and there are still hopes for a second support package. According to the statistics by the International Air Transport Association (IATA), the industry-wide cargo ton-kilometres (CTKs), the month-on-month CTKs showed the fastest growth since May, at 3.7% in 2020. The rebound of the industry rebound is largely driven by North American airlines. North American airlines also performed strongly in September 2020. This can be attributed to the increasing Asia-North America trade lanes due to strong demand for goods manufactured in Asia from domestic markets in the US. Moreover, the domestic market in North America has been significantly outperforming the region’s international routes due to the rising popularity of e-commerce since Q2 of 2020 when the country went into strict lockdown. Hence, the air cargo market in the region has been positively influenced by the pandemic.

Key Findings of the Study:

The global air cargo market has been segmented into five major regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). APAC led the global air cargo market with a revenue share of ~34.84 in 2020. The dominance of APAC market is attributed to the growth of e-commerce in countries such as China and India. Another important factor is the presence of technologically advanced industries in countries such as China and Japan. The increased adoption of Industry 4.0, together with rising advancements in manufacturing and machinery tools, is propelling the air cargo market growth. Furthermore, the willingness to invest in advanced components by the manufacturing industries in these countries is adding to the growth of the market. Such factors are expected to propel the growth of air cargo market in the region.

On the other hand, in 2020, North America held the second position with a revenue share of 23.9% and Europe held the third position with a revenue share of around 22.11%. The demand in Europe and North America is propelling with rising need for automated systems across manufacturing industries and increasing adoption and implementation of novel technologies, along with rising support by the government organizations.

The MEA and SAM regions are also contributing a significant amount of revenue to the air cargo market. As the regions are experiencing urbanization and growth in foreign direct investments (FDI), the regional governments and several private manufacturers are spending substantial percentages of budgets toward the adoption of advanced materials for the manufacturing processes in industries. The increasing benefits of air cargo in industries are also showcasing the growth of the air cargo market in these two regions.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global air cargo market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global air cargo market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ANA Cargo
  • Cargolux
  • Emirates SkyCargo
  • Etihad Cargo
  • FedEx Corporation
  • Lufthansa Cargo AG
  • MORE
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Air Cargo Market - By Type
1.3.2 Global Air Cargo Market - By Service
1.3.3 Global Air Cargo Market - By End User
1.3.4 Global Air Cargo Market - By Geography

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Air Cargo Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Air Cargo Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rapid Adoption of E-Commerce Platforms
5.1.2 Constant Need to Transport Temperature-Sensitive Products
5.2 Market Restraints
5.2.1 Market Uncertainty
5.2.2 Complexity of Temperature-Sensitive Cargo
5.3 Opportunity
5.3.1 Expanding Airport Infrastructure in Southeast Asia and New Policies
5.4 Future trends
5.4.1 Intelligent Cool Chain Solutions
5.4.2 Implementation of Several Software Solutions
5.5 Impact analysis of drivers & restraints

6. Air Cargo Market - Global Market Analysis
6.1 Air Cargo Market Overview
6.2 Air Cargo Market Revenue and Forecast to 2028(US$ Billion)
6.3 Market Positioning - Five Key Players

7. Air Cargo Market Analysis - By Type
7.1 Overview
7.2 Air Cargo Market Breakdown, By Type (2020 and 2028)
7.3 Air Mail
7.3.1 Overview
7.3.2 Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
7.4 Air Freight
7.4.1 Overview
7.4.2 Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

8. Air Cargo Market Analysis- By Service
8.1 Overview
8.2 Air Cargo Market Breakdown, By Service (2020 and 2028)
8.3 Express
8.3.1 Overview
8.3.2 Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
8.4 Regular
8.4.1 Overview
8.4.2 Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9. Air Cargo Market Analysis - By End User
9.1 Overview
9.2 Air Cargo Market, By End User (2020 and 2028)
9.3 Retail
9.3.1 Overview
9.3.2 Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.4 Pharmaceutical & Healthcare
9.4.1 Overview
9.4.2 Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.5 Food & Beverage
9.5.1 Overview
9.5.2 Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.6 Consumer Electronics
9.6.1 Overview
9.6.2 Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.7 Automotive
9.7.1 Overview
9.7.2 Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.8 Others
9.8.1 Overview
9.8.2 Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

10. Air Cargo Market - Geographic Analysis
10.1 Overview
10.2 North America: Air Cargo Market
10.2.1 North America: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.2.2 North America: Air Cargo Market, by Type
10.2.3 North America: Air Cargo Market, by Service
10.2.4 North America: Air Cargo Market, by End User
10.2.5 North America: Air Cargo Market, by Key Country
10.2.5.1 US: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.2.5.1.1 US: Air Cargo Market, by Type
10.2.5.1.2 US: Air Cargo Market, by Service
10.2.5.1.3 US: Air Cargo Market, by End User
10.2.5.2 Canada: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.2.5.2.1 Canada: Air Cargo Market, by Type
10.2.5.2.2 Canada: Air Cargo Market, by Service
10.2.5.2.3 Canada: Air Cargo Market, by End User
10.2.5.3 Mexico: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.2.5.3.1 Mexico: Air Cargo Market, by Type
10.2.5.3.2 Mexico: Air Cargo Market, by Service
10.2.5.3.3 Mexico: Air Cargo Market, by End User
10.3 Europe: Air Cargo Market
10.3.1 Europe: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.2 Europe: Air Cargo Market, by Type
10.3.3 Europe: Air Cargo Market, by Service
10.3.4 Europe: Air Cargo Market, by End User
10.3.5 Europe: Air Cargo Market, by Key Country
10.3.5.1 Germany: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.5.1.1 Germany: Air Cargo Market, by Type
10.3.5.1.2 Germany: Air Cargo Market, by Service
10.3.5.1.3 Germany: Air Cargo Market, by End User
10.3.5.2 France: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.5.2.1 France: Air Cargo Market, by Type
10.3.5.2.2 France: Air Cargo Market, by Service
10.3.5.2.3 France: Air Cargo Market, by End User
10.3.5.3 Italy: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.5.3.1 Italy: Air Cargo Market, by Type
10.3.5.3.2 Italy: Air Cargo Market, by Service
10.3.5.3.3 Italy: Air Cargo Market, by End User
10.3.5.4 UK: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.5.4.1 UK: Air Cargo Market, by Type
10.3.5.4.2 UK: Air Cargo Market, by Service
10.3.5.4.3 UK: Air Cargo Market, by End User
10.3.5.5 Russia: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.5.5.1 Russia: Air Cargo Market, by Type
10.3.5.5.2 Russia: Air Cargo Market, by Service
10.3.5.5.3 Russia: Air Cargo Market, by End User
10.3.5.6 Rest of Europe: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.3.5.6.1 Rest of Europe: Air Cargo Market, by Type
10.3.5.6.2 Rest of Europe: Air Cargo Market, by Service
10.3.5.6.3 Rest of Europe: Air Cargo Market, by End User
10.4 Asia Pacific: Air Cargo Market
10.4.1 Asia Pacific: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.2 Asia Pacific: Air Cargo Market, by Type
10.4.3 Asia Pacific: Air Cargo Market, by Service
10.4.4 Asia Pacific: Air Cargo Market, by End User
10.4.5 Asia Pacific: Air Cargo Market, by Key Country
10.4.5.1 Australia: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.5.1.1 Australia: Air Cargo Market, by Type
10.4.5.1.2 Australia: Air Cargo Market, by Service
10.4.5.1.3 Australia: Air Cargo Market, by End User
10.4.5.2 China: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.5.2.1 China: Air Cargo Market, by Type
10.4.5.2.2 China: Air Cargo Market, by Service
10.4.5.2.3 China: Air Cargo Market, by End User
10.4.5.3 India: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.5.3.1 India: Air Cargo Market, by Type
10.4.5.3.2 India: Air Cargo Market, by Service
10.4.5.3.3 India: Air Cargo Market, by End User
10.4.5.4 Japan: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.5.4.1 Japan: Air Cargo Market, by Type
10.4.5.4.2 Japan: Air Cargo Market, by Service
10.4.5.4.3 Japan: Air Cargo Market, by End User
10.4.5.5 South Korea: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.5.5.1 South Korea: Air Cargo Market, by Type
10.4.5.5.2 South Korea: Air Cargo Market, by Service
10.4.5.5.3 South Korea: Air Cargo Market, by End User
10.4.5.6 Rest of Asia Pacific: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.4.5.6.1 Rest of Asia Pacific: Air Cargo Market, by Type
10.4.5.6.2 Rest of Asia Pacific: Air Cargo Market, by Service
10.4.5.6.3 Rest of Asia Pacific: Air Cargo Market, by End User
10.5 Middle East & Africa (MEA): Air Cargo Market
10.5.1 EA: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.5.2 MEA: Air Cargo Market, by Type
10.5.3 MEA: Air Cargo Market, by Service
10.5.4 MEA: Air Cargo Market, by End User
10.5.5 MEA: Air Cargo Market, by Key Country
10.5.5.1 South Africa: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.5.5.1.1 South Africa: Air Cargo Market, by Type
10.5.5.1.2 South Africa: Air Cargo Market, by Service
10.5.5.1.3 South Africa: Air Cargo Market, by End User
10.5.5.2 Saudi Arabia: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.5.5.2.1 Saudi Arabia: Air Cargo Market, by Type
10.5.5.2.2 Saudi Arabia: Air Cargo Market, by Service
10.5.5.2.3 Saudi Arabia: Air Cargo Market, by End User
10.5.5.3 UAE: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.5.5.3.1 UAE: Air Cargo Market, by Type
10.5.5.3.2 UAE: Air Cargo Market, by Service
10.5.5.3.3 UAE: Air Cargo Market, by End User
10.5.5.4 Rest of MEA: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.5.5.4.1 Rest of MEA: Air Cargo Market, by Type
10.5.5.4.2 Rest of MEA: Air Cargo Market, by Service
10.5.5.4.3 Rest of MEA: Air Cargo Market, by End User
10.6 South America: Air Cargo Market
10.6.1 South America: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.6.2 South America: Air Cargo Market, by Type
10.6.3 South America: Air Cargo Market, by Service
10.6.4 South America: Air Cargo Market, by End User
10.6.5 South America: Air Cargo Market, by Key Country
10.6.5.1 Brazil: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.6.5.1.1 Brazil: Air Cargo Market, by Type
10.6.5.1.2 Brazil: Air Cargo Market, by Service
10.6.5.1.3 Brazil: Air Cargo Market, by End User
10.6.5.2 Argentina: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.6.5.2.1 Argentina: Air Cargo Market, by Type
10.6.5.2.2 Argentina: Air Cargo Market, by Service
10.6.5.2.3 Argentina: Air Cargo Market, by End User
10.6.5.3 Rest of SAM: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.6.5.3.1 Rest of SAM: Air Cargo Market, by Type
10.6.5.3.2 Rest of SAM: Air Cargo Market, by Service
10.6.5.3.3 Rest of SAM: Air Cargo Market, by End User

11. Air Cargo Market- COVID-19 Impact Analysis
11.1 North America
11.2 Europe
11.3 APAC
11.4 MEA
11.5 SAM

12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development

13. Company Profiles
13.1 ANA Cargo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cargolux
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cathay Pacific Airways Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DHL International GmbH (Deutsche Post DHL Group)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Emirates SkyCargo
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Etihad Cargo
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 FedEx Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 United Parcel Service of America, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zela Aviation The Air Charter Company
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lufthansa Cargo AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Word Index
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ANA Cargo
  • Cargolux
  • Cathay Pacific Airways Limited
  • DHL International GmbH (Deutsche Post DHL Group)
  • Emirates SkyCargo
  • Etihad Cargo
  • FedEx Corporation
  • United Parcel Service of America, Inc.
  • Zela Aviation The Air Charter Company
  • Lufthansa Cargo AG
Note: Product cover images may vary from those shown
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