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North America Air Cargo Market Forecast to 2028 - COVID-19 Impact and Regional 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)

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    Report

  • 128 Pages
  • August 2021
  • Region: North America
  • The Insight Partners
  • ID: 4787374
UP TO OFF until Jan 15th 2023
Air Freight Segment to Dominate North America Air Cargo Market during 2020-2028.





According to a new market research study on “North America Air Cargo Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Services, and End-user,” is expected to reach US$ 51.29 billion by 2028 from US$ 31.20 billion in 2021. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the North America air cargo market along with the drivers and restraints pertaining to the market growth. Quick adoption of e-commerce platforms is the major factor driving the growth of the North America air cargo market. However, issues associated with the market uncertainty and complications of temperature-sensitive cargo hinder the growth of North America air cargo market.

The North America air cargo market is segmented into type, services, End-user, and country. Based on type, the market is segmented into air mail and air freight. The air freight segment dominated the market in the year 2020 and is also expected to be the fastest growing during forecast period. Based on services, the market is segmented into express and regular. The regular segment dominated the market in year 2020 and express segment is expected to be the fastest growing during the forecast period. Based on end- user, the market is segmented into retail, pharmaceutical and healthcare, food and beverage, consumer electronics, automotive, and others. The others segment dominated the market in year 2020 and pharmaceutical and healthcare segment is expected to be the fastest growing during the forecast period. Based on country, the market has been segmented into US, Canada, and Mexico.

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-kilometers (CTKs), the month-on-month CTKs showed the fastest growth since May, at 3.7% in 2020. The rebound of the industry rebound remains 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 and the robust demand from domestic markets in the US. Moreover, the domestic market in North America has been outperforming significantly the region’s international routes due to the rising popularity of e-commerce since Q2 of 2020 when the country went into strict lockdown. Furthermore, the market players in North America are also open to the supply chain and critical supply. Hence, the Air Cargo Market in the region has been positively influenced by the pandemic.

Cargolux; Cathay Pacific Airways Limited; DHL International GmbH (Deutsche Post DHL Group); Emirates SkyCargo; Etihad Cargo; FedEx Corporation; Lufthansa Cargo AG; and United Parcel Service of America, Inc. are among the leading companies in the North America air cargo market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Emirates SkyCargo has become the world's first airline cargo carrier to carry more than 50 billion doses of COVID-19 vaccination on its flights. In addition to vaccines, the carrier has transported more than 100 tonnes of syringes around the world

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving Air Cargo 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
Frequently Asked Questions about the North American Air Cargo Market

What is the estimated value of the North American Air Cargo Market?

The North American Air Cargo Market was estimated to be valued at $31.2 Million in 2021.

What is the growth rate of the North American Air Cargo Market?

The growth rate of the North American Air Cargo Market is 7.4%, with an estimated value of $51.29 Million by 2028.

What is the forecasted size of the North American Air Cargo Market?

The North American Air Cargo Market is estimated to be worth $51.29 Million by 2028.

Who are the key companies in the North American Air Cargo Market?

Key companies in the North American Air Cargo Market include ANA Cargo, Cargolux, Cathay Pacific Airways Limited, DHL International GmbH (Deutsche Post DHL Group), Emirates SkyCargo, Etihad Cargo, FedEx Corporation and United Parcel Service of America, Inc..

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Air Cargo Market - By Type
1.3.2 North America Air Cargo Market - By Service
1.3.3 North America Air Cargo Market - By End User
1.3.4 North America Air Cargo Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Air Cargo Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Air Cargo Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Quick Adoption of E-Commerce Platforms
5.1.2 Constant Requirement to Transport Temperature-Sensitive Products
5.2 Market Restraints
5.2.1 Market Uncertainty
5.2.2 Complications of Temperature-Sensitive Cargo
5.3 Opportunity
5.3.1 Expanding Airport Infrastructure
5.4 Future trends
5.4.1 Sensible Cool Chain Solutions
5.4.2 Enforcement of Several Software Solutions
5.5 Impact analysis of drivers & restraints
6. Air Cargo Market - North America Market Analysis
6.1 North America Air Cargo Market Overview
6.2 North America Air Cargo Market Revenue and Forecast to 2028(US$ Billion)
7. North America Air Cargo Market Analysis - By Type
7.1 Overview
7.2 North America 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. North America Air Cargo Market Analysis - By Service
8.1 Overview
8.2 North America 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. North America Air Cargo Market Analysis - By End User
9.1 Overview
9.2 North America 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. North America Air Cargo Market - Country Analysis
10.1 Overview
10.1.1 North America: Air Cargo Market, by Key Country
10.1.1.1 US: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 US: Air Cargo Market, by Type
10.1.1.1.2 US: Air Cargo Market, by Service
10.1.1.1.3 US: Air Cargo Market, by End User
10.1.1.2 Canada: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Canada: Air Cargo Market, by Type
10.1.1.2.2 Canada: Air Cargo Market, by Service
10.1.1.2.3 Canada: Air Cargo Market, by End User
10.1.1.3 Mexico: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 Mexico: Air Cargo Market, by Type
10.1.1.3.2 Mexico: Air Cargo Market, by Service
10.1.1.3.3 Mexico: Air Cargo Market, by End User
11. Air Cargo Market - COVID-19 Impact Analysis
11.1 Overview
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 Lufthansa Cargo AG
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
14. Appendix
14.1 About
14.2 Word Index
List of Tables
Table 1. North America Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America Air Cargo Market, by Key Country - Revenue and Forecast to 2028 (US$ Billion)
Table 3. US: Air Cargo Market, by Type - Revenue and Forecast to 2028 (US$ Billion)
Table 4. US: Air Cargo Market, by Service - Revenue and Forecast to 2028 (US$ Billion)
Table 5. US: Air Cargo Market, by End User - Revenue and Forecast to 2028 (US$ Billion)
Table 6. Canada: Air Cargo Market, by Type - Revenue and Forecast to 2028 (US$ Billion)
Table 7. Canada: Air Cargo Market, by Service - Revenue and Forecast to 2028 (US$ Billion)
Table 8. Canada: Air Cargo Market, by End User - Revenue and Forecast to 2028 (Canada$ Billion)
Table 9. Mexico: Air Cargo Market, by Type - Revenue and Forecast to 2028 (US$ Billion)
Table 10. Mexico: Air Cargo Market, by Service - Revenue and Forecast to 2028 (US$ Billion)
Table 11. Mexico: Air Cargo Market, by End User - Revenue and Forecast to 2028 (US$ Billion)
Table 12. List of Abbreviation
List of Figures
Figure 1. North America Air Cargo Market Segmentation
Figure 2. North America Air Cargo Market Segmentation - By Country
Figure 3. North America Air Cargo Market Overview
Figure 4. Air Freight Segment held the largest share of North America Air Cargo Market - By Type
Figure 5. Regular Segment held the largest share of North America Air Cargo Market - By Service
Figure 6. US to Show Great Traction During Forecast Period
Figure 7. North America - PEST Analysis
Figure 8. North America Air Cargo Market - Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. North America Air Cargo Market Revenue and Forecast to 2028(US$ Billion) (US$ Billion)
Figure 12. North America Air Cargo Market Breakdown, By Type (2020 and 2028)
Figure 13. Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 14. Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 15. North America Air Cargo Market Breakdown, By Service (2020 and 2028)
Figure 16. North America Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. North America Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 18. North America Air Cargo Market Breakdown, By End User (2020 and 2028)
Figure 19. North America Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. North America Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. North America Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. North America Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. North America Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. North America Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 25. North America: Air Cargo Market, by Key Country-Revenue 2020 (US$ Billion)
Figure 26. North America: Air Cargo Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Canada: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Mexico: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets

Companies Mentioned

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
  • Lufthansa Cargo AG
  • United Parcel Service of America, Inc.