The global air freight market size reached US$ 287.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 413.0 Billion by 2028, exhibiting a CAGR of 6.23% during 2022-2028.
Air freight, also known as air cargo, is a transportation mode used to deliver fast speed shipments via charter or commercial air carriers. It can be delivered globally as goods sent from consignors to consignees or sellers to buyers. Moreover, it is handled along the chain by numerous entities, such as express carriers, aircraft and postal operators, regulated agents, haulers, and ground handlers, with varying responsibilities. At present, air freight is assisting in contributing to economic development across the globe.
Air freight, also known as air cargo, is a transportation mode used to deliver fast speed shipments via charter or commercial air carriers. It can be delivered globally as goods sent from consignors to consignees or sellers to buyers. Moreover, it is handled along the chain by numerous entities, such as express carriers, aircraft and postal operators, regulated agents, haulers, and ground handlers, with varying responsibilities. At present, air freight is assisting in contributing to economic development across the globe.
Air Freight Market Trends:
Air freight is utilized for delivering non-perishable goods like jewelry, clothing, automotive parts, and perishable items, including fruits, vegetables, and meats, which require quick delivery. Besides this, it plays a crucial role in the distribution of vaccines through a well-established temperature-sensitive distribution system and cutting-edge technology and procedures. This, in confluence with the burgeoning aviation industry, is bolstering the growth of the market. Additionally, other modes of transportation, such as marine, rail, or road transport, generally take days or weeks to deliver different items. However, transporting goods using air freight saves time and offers a high level of security. It also requires less packaging than other transportation methods to reduce the weight limit. This, coupled with the growing popularity of consolidated air freight services, is positively influencing the market. Apart from this, key players are increasingly focusing on geographical expansions and mergers and acquisitions (M&A) to expand their customer base. This, along with the integration of the internet of things (IoT) and artificial intelligence (AI) in the air cargo supply chain and the rising import and export of goods among numerous countries worldwide, is facilitating the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global air freight market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service, destination and end user.Breakup by Service:
- Freight
- Express
- Others
Breakup by Destination:
- Domestic
- International
Breakup by End User:
- Private
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Airlines Inc., ANA Cargo Inc., Bolloré Logistics, Cargolux Airlines International S.A., Delta Air Lines Inc., Deutsche Bahn AG, Deutsche Post AG, DSV A/S, Expeditors International of Washington Inc., FedEx Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Nippon Express Co. Ltd., Qatar Airways and United Parcel Service Inc.Key Questions Answered in This Report:
- What was the size of the global air freight market in 2022?
- What is the expected growth rate of the global air freight market during 2023-2028?
- What are the key factors driving the global air freight market?
- What has been the impact of COVID-19 on the global air freight market?
- What is the breakup of the global air freight market based on the service?
- What is the breakup of the global air freight market based on the destination?
- What is the breakup of the global air freight market based on the end user?
- What are the key regions in the global air freight market?
- Who are the key players/companies in the global air freight market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Air Freight Market
6 Market Breakup by Service
7 Market Breakup by Destination
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- American Airlines Inc.
- ANA Cargo Inc.
- Bolloré Logistics
- Cargolux Airlines International S.A.
- Delta Air Lines Inc.
- Deutsche Bahn AG
- Deutsche Post AG
- DSV A/S
- Expeditors International of Washington Inc.
- FedEx Corporation
- Hellmann Worldwide Logistics SE & Co. KG
- Kuehne + Nagel International AG
- Nippon Express Co. Ltd.
- Qatar Airways
- United Parcel Service Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | March 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 287.4 Billion |
Forecasted Market Value ( USD | $ 413 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |