Middle East and Africa 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)

Regular Segment to Dominate MEA Air Cargo Market during 2020-2028.

According to a new market research study on “MEA Air Cargo Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Services, and End-user,” is expected to reach US$ 27.82 billion by 2028 from US$ 17.70 billion in 2021. The market is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The report provides trends prevailing in the MEA air cargo market along with the drivers and restraints pertaining to the market growth. Smart cool chain solutions is the major factor driving the growth of the MEA air cargo market. However, issues associated with the market doubtfulness and complex temperature-sensitive cargo hinder the growth of MEA air cargo market.

The MEA 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 UAE, Saudi Arabia, and South Africa.

The major countries in the MEA that are facing the economic impact of COVID-19 include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait, among others. However, as per a 2020 report by IATA, Middle Eastern carriers posted an 8.8% rise in international cargo volumes in February versus February 2019. Of the region’s key international routes, Middle East-Asia and Middle East-North America have provided the most significant support, rising 27% and 17%, respectively, in February compared to February 2019. February capacity was down 14.9% compared to the same month in 2019. Moreover, the African airlines’ cargo demand in February increased a massive 44.2% compared to the same month in 2019. This can be attributed to the extensive expansion on the Asia-Africa trade lanes that has contributed to the strong growth. Furthermore, as per IATA, international capacity grew by 9.8% compared to February 2019. Hence, the overall region is witnessing positive growth 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; United Parcel Service of America, Inc. Zela Aviation The Air Charter Company are among the leading companies in the MEA 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, DHL Express announced its new roadmap for the future set-up of its European aviation network. Representing a new milestone of the Strategy 2025, the changes make way for continued growing demand for DHL Express' international services. In a first step, DHL Express intends to set up a new cargo airline in Austria

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• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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