Air Cargo Market Size to grow by USD 63.5 billion between 2024-2028
According to a research report “ Air Cargo Market” by End-user (Manufacturing, FMCG and retail, Pharmaceuticals and chemicals, Other industries) Type (Belly cargo, Freighter) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 63.5 billion, at a CAGR of 5.91% during the forecast period. The burgeoning e-commerce sector is significantly fueling the expansion of the global air cargo market. With the proliferation of online sellers and a corresponding surge in online shopping, there is an increasing demand for expedited delivery services. According to the UK Logistics Report 2021, online sales accounted for 28.1% of total retail sales in 2020, marking a substantial increase from previous years. This trend was already gaining momentum prior to the COVID-19 pandemic, but the outbreak further accelerated the shift towards online shopping and doorstep deliveries, making air cargo an indispensable component of the e-commerce supply chain..
Browse market data tables, figures, and in-depth TOC on “Air Cargo Market” by End-user (Manufacturing, FMCG and retail, Pharmaceuticals and chemicals, Other industries) Type (Belly cargo, Freighter) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By End-user, the Manufacturing segment is projected to dominate the market size in 2024
The air cargo market is a significant segment of the global logistics industry, characterized by robust growth and innovation. Key players are investing in advanced technologies, such as automation and digitalization, to streamline operations and enhance efficiency. The market is driven by increasing international trade, e-commerce growth, and the need for quick and reliable delivery solutions. Despite challenges, including regulatory complexities and rising fuel costs, the future looks bright for air cargo, with continued expansion expected in emerging markets.
By Type, Belly cargo segment is expected to hold the largest market size for the year 2024
The air cargo market is a significant sector within the logistics industry, characterized by the transportation of goods via airplanes. This market is subject to dynamic demand, driven by factors such as globalization, e-commerce growth, and time-sensitive shipments. Air freight offers unparalleled speed and efficiency, making it an indispensable solution for businesses requiring swift international delivery. Key players in this market include major airlines, freight forwarders, and integrators, who leverage advanced technologies and strategic partnerships to cater to evolving customer needs.
APAC is forecasted to hold the largest market size by region in 2024
The air cargo market represents a significant segment of the global logistics industry, with continued growth driven by e-commerce and the increasing demand for rapid delivery of time-sensitive goods. Key players in this sector invest heavily in advanced technologies, such as automated handling systems and real-time tracking, to enhance operational efficiency and meet evolving customer needs. The market is expected to expand at a steady pace, fueled by increasing international trade and the growing preference for air transport over sea freight for certain commodities.
The Air Cargo Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The air cargo market is experiencing a significant surge in demand, driven by the growing global trade landscape and the travel industry practice of transporting time-sensitive goods. Key players in this market include Virgin Atlantic Cargo, Air Charter Service, Schiphol Airport, BlueBox Systems, Saudia Technic, Zürich Airport, dnata, and Worldwide Flight Services. One of the major trends in air cargo is the increasing use of diesel-powered ground handling equipment at airports to reduce reliance on traditional fuel sources. For instance, Schiphol Airport has implemented a plan to transition to 100% sustainable aviation fuel by 2050, which includes the use of diesel-electric ground handling equipment. Air cargo logistics companies offer various carrier types and services to meet the diverse needs of businesses. For example, Virgin Atlantic Cargo specializes in the transportation of perishable goods, while Air Charter Service provides on-demand charter solutions. Airports such as Zürich and Schiphol have implemented Centralized Examination Stations to streamline the customs clearance process and improve efficiency. These stations enable the examination of goods from multiple flights in one location, reducing the time and cost associated with traditional clearance methods. The air cargo market is expected to continue growing, with key destinations including the Middle East, Asia, and Europe. Air Transport Research predicts that the number of flight movements in the air cargo sector will reach 58 million by 2026. As businesses continue to rely on air freight for global trade, the air cargo landscape will remain dynamic and competitive. Select Another Geography: The air cargo market in North America is also experiencing growth, driven by the increasing demand for e-commerce and the need for faster delivery times. Key players in the region include FedEx Express, UPS Air Cargo, and DHL Express. Airports such as Memphis International Airport and Chicago O'Hare International Airport are major hubs for air cargo in North America. The use of innovative technologies such as automation and robotics is also becoming increasingly common in North American air cargo facilities to improve efficiency and reduce costs. The air cargo market in North America is expected to grow at a CAGR of 3.6% between 2021 and 2026.
Market Research Overview
The Air Cargo market is experiencing significant growth, driven by e-commerce and global trade. Key players in this market include DHL Global Forwarding, Rhenus, and DB Schenker. Private equity firms have also shown interest, with investments in Glasgow Prestwick Airport and Punta Cana's airport. DP World, Nairobi's international airport, and Zürich Airport have also made headlines for their cargo expansion plans. IATA CEIV pharma certified companies like Menzies and dnata are leading the way in pharmaceutical logistics. Diesel and Virgin Atlantic Cargo have partnered with BlueBox Systems for temperature-controlled containers. DP World's Centralized Examination Station at London Heathrow and Worldwide Flight Services' facility at Schiphol Airport are crucial for streamlined cargo processing. FedEx Express, with its Sustainability Insights, is focusing on reducing carbon emissions. European Cargo, operating from Bournemouth Airport, is targeting niche markets. Cargo First, operating from FedEx (Federal Express), offers direct international flights and freighter activity. Lufthansa Cargo serves various geographic markets, including DeliverDirect and Delta Cargo. Air Cargo News reports growing demand in transpacific yields and region-to-region capacity. The landscape is diverse, with carriers like Central Airlines and YunExpress joining the scene. CargoAi and WebCargo facilitate cargo analysis and booking. The travel industry practice continues to evolve, with freighter flights, widebody passenger aircraft, and air cargo capacity remaining key factors. Regulatory disputes, such as those concerning bonded warehouses, free trade zones, and special economic zones, pose challenges. Overall, the air cargo market is dynamic, with constant changes in carrier type, destination, and service offerings.
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