Latest News- Air Freight Market: Commercial is expected to lead the End-user segment during 2025-2029

The Air Freight Market is being driven by Growing e-commerce sector increasing air freight demand

The Air Freight Market is expected to grow at a CAGR of 7.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 96.5 billion. In the business landscape of 2024, blockchain technology continues to gain traction as a secure and transparent solution for data storage and transformation. Known as a distributed digital ledger, this technology maintains an unalterable sequence of transactions and securely shares documents among involved parties. By 2025, it is projected that blockchain will secure approximately 10% of the global GDP. APAC countries, particularly China and Japan, are spearheading the adoption of this technology in various industries, including pharmaceuticals, information technology, and logistics. China, in particular, has integrated blockchain into its economic development strategy, with key initiatives like VeChain, Matrix, and Nebulas. The air freight industry is among the sectors reaping the benefits of blockchain technology. Platforms such as Shell and Accenture Avelia are supporting sustainable aviation fuel solutions and ensuring secure, transparent digital records. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Commercial
  • Private
• Type
  • International
  • Domestic
• Application
  • Food and perishable goods
  • Industrial materials
  • Equipment and machinery
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing e-commerce sector increasing air freight demand
• Rising free-trade agreements in Europe
• Increasing US agricultural exports to China

However, the market also witnesses some limitations, which are as follows:

• High cost of air freight services
• Air freight space constraints
• Ongoing global trade war

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Market Scope in Air Freight Market Research Report

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Research Analysis Overview

Air freight involves the transportation of goods via airplanes, encompassing various elements such as Air Cargo Hubs, Cargo Terminal Operations, and Cargo Handling Procedures. Documentation including Cargo Manifest, Air Waybill, and Air Cargo Documentation are crucial. Security Protocols, Airport Infrastructure, and Cargo Security Screening ensure safe handling. Cargo Claims, Cargo Liability, Air Freight Insurance, and Compliance address potential risks. Real-time Data Analytics, Route Optimization Software, Cargo Scheduling, and Fleet Optimization enhance efficiency. Automation, Sorting Systems, and Storage Solutions streamline processes. Cold Chain Logistics, Pharmaceutical Distribution, Perishable Cargo Handling, Live Animal Transport, and Carbon Offset Programs cater to specific needs. Sustainable Aviation Fuels contribute to eco-friendly operations.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by organizations offering air cargo transportation, freight forwarding, cargo airlines, charter flights, express shipping, and temperature-controlled transport services. According to Technavio, the market size is determined by the earnings of these providers in the air freight and logistics sector. This market scope extends to the monitoring of goods in transit until their delivery. Key growth drivers for the global air freight and logistics market include the surge in cross-border e-commerce activities, which entails customers purchasing goods from foreign sources.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/