Global Air Cargo Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Air Cargo Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Air cargo & freight logistics is also called freight. Generally, it is urgent to use the goods, the road transport cannot meet the customer's requirements of the time limit under the circumstances of the customer will choose air transport.

Market Overview:

The latest research study on the global Air Cargo market finds that the global Air Cargo market reached a value of USD 2023.82 million in 2023. It’s expected that the market will achieve USD 227454.75 million by 2029, exhibiting a CAGR of 119.68% during the forecast period.

Rapid expansion in e-commerce is expected to boost air cargo growth

The rapid growth in e-commerce has pivoted the consumer market toward online platforms. Consumers now expect faster delivery times and smooth deliveries. To meet these expectations, e-commerce companies rely on the speed & efficiency of cross-border air transport. In addition, e-commerce companies use inventory management strategies including just-in-time inventory & drop shipping models to reduce transportation costs and increase efficiency. Air cargo plays an important role in supporting these strategies by ensuring the timely movement of goods and enabling businesses to keep low inventories while fulfilling orders quickly. The rising use of e-commerce platforms has propelled the consumer demand for fast deliveries, which in turn, is driving the air cargo market growth. Customers now expect fast deliveries, often within days or hours. The capability of air cargo container transportation enables e-commerce to meet these needs and maintain good industry value.

Region Overview:

In 2022, the share of the Air Cargo market in Asia-Pacific stood at 32.35%.

Company Overview:

Kuehne+Nagel is one of the major players operating in the Air Cargo market, holding a share of 7.24% in 2023.

Segmentation Overview:

Among different product types, Domestic Logisticssegment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pharmaceuticals and Healthcare segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Air Cargo market covered in Chapter 3:

Korean Air
Qatar Airways
Singapore Airlines Cargo
UPS Airlines
Lufthansa Cargo
Emirates
China Airlines Cargo
Turkish Airlines
Kuehne+Nagel
Maersk Air Cargo
Air France-KLM
DHL Aviation
Cathay Pacific
China Southern Airlines
CEVA Logistics
FedEx Express
Cargolux
Bolloré Logistics

In Chapter 4 and Chapter 14.2, on the basis of types, the Air Cargo market from 2019 to 2030 is primarily split into:

Domestic Logistics
International Logistics

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Air Cargo market from 2019 to 2030 covers:

Food and Beverages
Pharmaceuticals and Healthcare
Consumer Electronics
Mechanical Equipment
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)