Global Air Cargo Market Size 2022 Industry Share, Trends, Growth, Analysis, Update, Report and Forecast by 2027 – FortBendNow
According to the latest report of the IMARC group, entitled “Global Air Cargo Market Size, Share, Trends, Growth, Opportunities and Forecast 2022-2027“, the global air cargo market reached a value of US$270.3 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$390.7 billion by 2027, growing at a CAGR of 5.80% in 2022-2027.
Air freight, also known as airfreight, is a mode of transportation that allows for high-speed shipments by air or commercial air carriers. It is managed by a chain of numerous entities, such as air and postal operators, express carriers, regulated agents, carriers and ground handlers, with varying responsibilities. Over the years, air cargo has contributed significantly to economic development across the world.
|Base year: 2021|
|Forecast year: 2022-2027|
Air Cargo Market Trends and Drivers:
Air freight is widely used to deliver perishable and non-perishable goods, such as heat-sensitive vaccines, meat and vegetables, to places around the world that require fast delivery. This, coupled with the expansion of the aviation industry, is driving the growth of the market. As a result, air freight is becoming a preferred mode of transport, as other modes of transport, such as rail, sea or road, usually take days or weeks to deliver different items.
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Besides, transporting goods by air cargo also saves time, has a high level of security and requires less packaging than other transport methods to reduce the weight limit. This, in conjunction with the integration of advanced technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI) in the air cargo supply chain, is positively influencing the growth of the market.
In addition, increasing mergers and acquisitions (M&A) among major players and increasing import and export of goods among many countries are also creating favorable market prospects across the globe.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Analysis and segmentation of the global air freight market 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
American Airlines Inc., ANA Cargo Inc., Bolloré Logistics, Cargolux Airlines International SA, Delta Air Lines Inc., Deutsche Bahn AG, Deutsche Post AG, DSV A/S, Expeditors International of Washington Inc., FedEx Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Nippon Express Co. Ltd., Qatar Airways and United Parcel Service Inc.
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The report has segmented the market based on region, service, destination, and end user.
Breakdown by department:
Breakdown by destination:
Breakdown by end user:
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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