The Global Air Freight Market size was estimated at USD 66.6 billion in 2021 and is expected to hit around USD 133.47 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 10.3% from 2022 to 2031.
Global Air Freight Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The global air freight market refers to the worldwide industry dedicated to the transportation of goods and cargo via air transport services. This market plays a critical role in facilitating international trade and commerce by swiftly moving a wide range of products, from perishable goods to high-value electronics and machinery. It is a vital component of the broader logistics and supply chain management ecosystem, connecting manufacturers, suppliers, and consumers across the globe.
Key players in the global air freight market include airlines, air cargo carriers, freight forwarders, and various logistics companies. These entities work together to transport goods efficiently and safely by leveraging the speed and reach of air travel. As a result, the air freight industry is known for its ability to reduce transit times significantly, making it particularly advantageous for time-sensitive or high-value goods.
The global air freight market is experiencing several notable market trends that are reshaping the industry and responding to the evolving needs of the global economy. One significant trend is the continued growth of e-commerce. The surge in online shopping and cross-border e-commerce trade has led to a surge in demand for air freight services, as consumers expect rapid delivery of their orders. This trend has prompted logistics providers and air cargo carriers to enhance their capabilities to meet the requirements of e-commerce companies.
Another key trend is the adoption of digital technologies and automation in air freight operations. From cargo tracking and booking to customs clearance and inventory management, the industry is increasingly relying on digital solutions to streamline processes and enhance efficiency. The use of data analytics and Internet of Things (IoT) devices is providing better visibility into the supply chain, enabling real-time monitoring and proactive issue resolution.
Environmental sustainability is becoming a more prominent concern in the air freight market. Airlines and cargo carriers are actively seeking ways to reduce their carbon footprint by investing in more fuel-efficient aircraft and exploring alternative fuels. Additionally, regulatory pressure and customer demand for eco-friendly options are pushing the industry towards greener practices.
Recent Developments:
The industry has been heavily impacted by the COVID-19 pandemic. In the wake of the pandemic, there has been a shift in the types of goods transported via air. While the transportation of medical supplies and vaccines surged, the movement of passenger aircraft, which often carry cargo in their belly holds, decreased significantly due to travel restrictions. As international travel slowly resumes, the air freight market is adapting to a more balanced supply-demand scenario.
The adoption of new technologies has continued to reshape the industry. Digitalization and automation are increasingly critical for efficient air freight operations. From self-service booking platforms to blockchain-based supply chain tracking, technology is enhancing transparency and efficiency. The use of drones and autonomous ground vehicles for last-mile delivery is also being explored to reduce costs and delivery times.
Table of Content
Global Air Freight Market Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the Air Freight Market
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. Air Freight Market: End-Use Estimates & Trend Analysis
5.1. Air Freight Market value share and forecast, (2020 to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. Pharmaceuticals
5.3.1. Market Size & Forecast, 2020-2031
5.4. Automotive
5.4.1. Market Size & Forecast, 2020-2031
5.5. Aerospace
5.5.1. Market Size & Forecast, 2020-2031
5.6. Fashion
5.6.1. Market Size & Forecast, 2020-2031
5.7. Technology
5.7.1. Market Size & Forecast, 2020-2031
Chapter 6. Air Freight Market: Capacity Estimates & Trend Analysis
6.1. Air Freight Market value share and forecast, (2020 to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Narrow-Body
6.3.1. Market Size & Forecast, 2020-2031
6.4. Wide-Body
6.4.1. Market Size & Forecast, 2020-2031
6.5. Freighters
6.5.1. Market Size & Forecast, 2020-2031
Chapter 7. Air Freight Market: Customer Type Size Estimates & Trend Analysis
7.1. Air Freight Market value share and forecast, (2020 to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Business-To-Business (B2B)
7.3.1. Market Size & Forecast, 2020-2031
7.4. Business-To-Consumer (B2C)
7.4.1. Market Size & Forecast, 2020-2031
Chapter 8. Air Freight Market: Speed Estimates & Trend Analysis
8.1. Air Freight Market value share and forecast, (2020 to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. Same-Day Delivery
8.3.1. Market Size & Forecast, 2020-2031
8.4. Overnight
8.4.1. Market Size & Forecast, 2020-2031
8.5. Standard Shipping
8.5.1. Market Size & Forecast, 2020-2031
Chapter 9. Air Freight Market: Regional Estimates & Trend Analysis
9.1. Air Freight Market value share and forecast, (2020 to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, 2020-2031
Chapter 10. Air Freight Market: Country Estimates & Trend Analysis
10.1. Air Freight Market value share and forecast, (2020 to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, 2020-2031
10.7. France
10.7.1. Market Size & Forecast, 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, 2020-2031
10.12. China
10.12.1. Market Size & Forecast, 2020-2031
10.13. India
10.13.1. Market Size & Forecast, 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. FedEx
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. UPS
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. DHL
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. CMA CGM Group
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. Expeditors International of Washington
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. DB Schenker
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. Kuehne + Nagel
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. Panalpina
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. Nippon Express
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Cathay Pacific Cargo
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. Lufthansa Cargo
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. Emirates SkyCargo
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. Air France-KLM Cargo
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. Singapore Airlines Cargo
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. Qatar Airways Cargo
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
12.16.5. Strategic Initiatives
Chapter 13. Conclusion
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