+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Air Freight Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • PDF Icon

    Report

  • 143 Pages
  • April 2022
  • Region: Global
  • IMARC Group
  • ID: 5578015
The global air freight market reached a value of US$ 270.3 billion in 2021. Looking forward, the market is projected to reach a value of US$ 390.7 billion by 2027, exhibiting a CAGR of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.



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


This report provides an analysis of the key trends in each sub-segment of the global air freight market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on service, destination and End-user.

Breakup by Service:

  • Freight
  • Express
  • Mail
  • 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

  • How has the global air freight market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global air freight market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the destination?
  • What is the breakup of the market based on the End-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global air freight market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Air Freight Market

What is the estimated value of the Global Air Freight Market?

The Global Air Freight Market was estimated to be valued at $270.3 Billion in 2021.

What is the growth rate of the Global Air Freight Market?

The growth rate of the Global Air Freight Market is 6.3%, with an estimated value of $390.7 Billion by 2027.

What is the forecasted size of the Global Air Freight Market?

The Global Air Freight Market is estimated to be worth $390.7 Billion by 2027.

Who are the key companies in the Global Air Freight Market?

Key companies in the Global Air Freight Market include 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 and FedEx Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Air Freight Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Freight
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Express
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Mail
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Destination
7.1 Domestic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 International
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Private
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 American Airlines Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 ANA Cargo Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Bolloré Logistics
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Cargolux Airlines International S.A.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Delta Air Lines Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Deutsche Bahn AG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.7 Deutsche Post AG
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 DSV A/S
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Expeditors International of Washington Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 FedEx Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Hellmann Worldwide Logistics SE & Co. KG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Kuehne + Nagel International AG
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Nippon Express Co. Ltd.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 Qatar Airways
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.15 United Parcel Service Inc.
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Air Freight Market: Major Drivers and Challenges
Figure 2: Global: Air Freight Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Air Freight Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Air Freight Market: Breakup by Service (in %), 2021
Figure 5: Global: Air Freight Market: Breakup by Destination (in %), 2021
Figure 6: Global: Air Freight Market: Breakup by End User (in %), 2021
Figure 7: Global: Air Freight Market: Breakup by Region (in %), 2021
Figure 8: Global: Air Freight (Freight) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Air Freight (Freight) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Air Freight (Express) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Air Freight (Express) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Air Freight (Mail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Air Freight (Mail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Air Freight (Other Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Air Freight (Other Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Air Freight (Domestic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Air Freight (Domestic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Air Freight (International) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Air Freight (International) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Air Freight (Private) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Air Freight (Private) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Air Freight (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Air Freight (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Air Freight Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Air Freight Industry: SWOT Analysis
Figure 74: Global: Air Freight Industry: Value Chain Analysis
Figure 75: Global: Air Freight Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Air Freight Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Air Freight Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Air Freight Market Forecast: Breakup by Destination (in Million US$), 2022-2027
Table 4: Global: Air Freight Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Air Freight Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Air Freight Market: Competitive Structure
Table 7: Global: Air Freight Market: Key Players

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

Loading
LOADING...