Air Cargo and Freight Logistics Market Size- By Destination Type, By Service Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Air Cargo and Freight Logistics Market Size- By Destination Type, By Service Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Air Cargo and Freight Logistics Market Introduction and Overview

According to SPER market research, Air Cargo and Freight Logistics Market Size- By Destination Type, By Service Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Air Cargo and Freight Logistics Market is predicted to reach USD 413.32 Billion by 2033 with a CAGR of 6.8%.

When compared to other modes of transportation including rail, road, and sea transit, air travel is the fastest. A variety of aircraft types, including passenger, cargo, and hybrid aircraft, are capable of carrying cargo and freight. Various institutions, including cosigner/shipper, airport ground crew, aircraft carrier, and consignee, handle air cargo and freight. Customers of logistic providers are currently given an AWB (air waybill) number so they may track their goods while it is in transit.

COVID-19 Impact: Lowered-than-expected demand globally relative to pre-pandemic levels was the outcome of the unusual and significant impact that the global COVID-19 pandemic had on the market. As the market recovers and moves back towards its pre-pandemic level, the unexpected spike in the Compound Annual Growth Rate (CAGR) occurs. Many airlines reduced or stopped operating passenger flights during the epidemic, which made their lower decks less suitable for carrying cargo.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Destination Type, By Service Type, By Application
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered

Air China Ltd, Bollore Logistics, Canada Air Cargo & Freight Logistics Inc, CEVA Logistics, Deutsche Lufthansa AG, FedEx Corporation, Horizon International Cargo, Rosan Sea Air Services, Singapore Airlines, Titan Sea & Air Services, Others

Air Freight and Logistics Market Segmentation:

Destination Type:Based on the Destination Type, Global Air Cargo and Freight Logistics Market is segmented as; Domestic, International.

By Application:Based on the Application, Global Air Cargo and Freight Logistics Market is segmented as; Equipment, Food, Industry Materials, Pharmaceuticals and Healthcare, Other.

By Region:This research also includes data for Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.