Air Cargo and Freight Logistics Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Air Cargo and Freight Logistics Market Size- By Destination Type, By Service Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2442 | Pages: 1 - 244 | Formats*: |
| Category : Automotive & Transportation | |||
Air Cargo and Freight Logistics Market Introduction and Overview
According to SPER Market Research, the Global Air Cargo and Freight Logistics Market is estimated to reach USD 413.32 Billion by 2033 with a CAGR of 6.8%.
The report includes an in-depth analysis of the Global Air Cargo and Freight Logistics Market, including market size and trends, product mix, applications, and supplier analysis. A component of supply chain management called logistics management plans, coordinates, and executes the efficient transportation and storage of relevant data, products, and services from point of origin to point of destination in order to satisfy consumer needs. Logistics management lowers costs and improves customer service for businesses. The process of logistics management starts with the gathering of raw materials and ends with the delivery of items to their destination. The process of physically moving cargo, merchandise, and commodities by air and sea across continents is known as air cargo and freight logistics. Property and goods can be delivered by ship by water or by plane via air. It offers a number of advantages, including dependability, capacity, speed, and affordability.
Market Opportunities and Challenges
Automation and digitization transforming logistics are expanding market opportunities. The rise in e-commerce has led to significant advances in logistics, including automation and digitization. This change is advantageous for air cargo services since there is a lot of room for automation in the transportation and warehousing industry. Resources are optimised, processes are streamlined, and efficiency is increased through the use of technologies like blockchain, AI, ML, computer vision, and IoT networks. It is anticipated that the market will increase greatly as a result of this automation adoption.
Global shopping is made possible by the e-commerce sector's explosive growth, which is being driven by a rise in internet users and a wide range of product offers. Improved transport infrastructure enables businesses to use air and hybrid delivery methods to market internationally. The growing consumer demand for perishable commodities, especially those that need to be transported quickly, like food items, is predicted to fuel growth in the air cargo and freight transportation markets. All things considered, the market is expected to increase significantly during the forecast period.
However, during the course of the projection period, factors that are anticipated to impede market expansion include high import taxes implied in various nations and high air transportation costs. Furthermore, market expansion may be inhibited by some events, such as worldwide recessions, notwithstanding growth factors. Both lower consumer spending and lower manufacturing activity may result from this. Lower demand for air freight services may follow from this, especially for luxury and non-essential items. The desire for air cargo may be impacted by the price sensitivity that often occurs during economic downturns among consumers and enterprises, who also tend to favour more affordable modes of transportation.
Market Competitive Landscape
The major key players in the Global Air Cargo and Freight Logistics Market are: Air China Ltd, Bollore Logistics, Canada Air Cargo & Freight Logistics Inc, Cathay Pacific Airways Limited, CEVA Logistics, Deutsche Lufthansa AG, DHL Express (Deutsche Post), FedEx Corporation, Horizon International Cargo, Korean Air Co., Ltd, Lavin Star, Rosan Sea Air Services, Singapore Airlines, Titan Sea & Air Services, Others. Leading air cargo and freight logistics enterprises significantly contribute to market expansion by means of their investments in worldwide networks, e-commerce partnerships, new technology, infrastructure, and diverse service offerings. They prioritise sustainability, create enduring client relationships, offer tailored solutions for a range of industries, give vital assistance for international trade, and remain flexible. Additionally, their calculated mergers and acquisitions strengthen their position in the market and support the growth and resilience of the sector in the face of a continuously changing global supply chain environment.
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, Cathay Pacific Airways Limited, CEVA Logistics, Deutsche Lufthansa AG, DHL Express (Deutsche Post), FedEx Corporation, Horizon International Cargo, Korean Air Co., Ltd, Lavin Star, Rosan Sea Air Services, Singapore Airlines, Titan Sea & Air Services, Others |
COVID-19 Impact on Global Air Cargo and Freight Logistics Market
The COVID-19 pandemic has had a significant and unprecedented effect on the global market, leading to a decline in demand globally as compared to pre-pandemic levels. The market's recovery and return to its pre-pandemic form is reflected in the unexpected spike in the Compound Annual Growth Rate (CAGR). Many airlines reduced or stopped passenger flights during the epidemic, which resulted in less cargo space on their lower decks. Due to increased competition for space on cargo-only flights, airfreight charges increased as a result. More supply chain disruptions, such as labour shortages, travel restrictions, and lockdowns, led to delays and uncertainty. Although a gradual recovery is anticipated, the immediate impact of COVID-19 was primarily negative, leading to a decrease in both revenue and demand.
Key Target Audience:
- Freight Forwarders
- Airlines and Air Cargo Carriers
- Logistics and Supply Chain Companies
- E-commerce and Retail Companies
- Manufacturers and Exporters
- Importers and Distributors
- Small and Medium-sized Enterprises (SMEs)
- Others
Our in-depth analysis of the Air Cargo and Freight Logistics Market includes the following segments:
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| By Service Type: |
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| By Application: |
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Key Topics Covered in the Report:
- Global Air Cargo and Freight Logistics Market Size (FY’2023-FY’2033)
- Overview of Global Air Cargo and Freight Logistics Market
- Segmentation of Global Air Cargo and Freight Logistics Market By Destination Type (Domestic, International)
- Segmentation of Global Air Cargo and Freight Logistics Market By Service Type (Express, Regular)
- Segmentation of Global Air Cargo and Freight Logistics Market By Application (Equipment, Food, Industry Materials, Pharmaceuticals and Healthcare, Other)
- Statistical Snap of Global Air Cargo and Freight Logistics Market
- Expansion Analysis of Global Air Cargo and Freight Logistics Market
- Problems and Obstacles in Global Air Cargo and Freight Logistics Market
- Competitive Landscape in the Global Air Cargo and Freight Logistics Market
- Impact of COVID-19 and Demonetization on Global Air Cargo and Freight Logistics Market
- Details on Current Investment in Global Air Cargo and Freight Logistics Market
- Competitive Analysis of Global Air Cargo and Freight Logistics Market
- Prominent Players in the Global Air Cargo and Freight Logistics Market
- SWOT Analysis of Global Air Cargo and Freight Logistics Market
- Global Air Cargo and Freight Logistics Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Air Cargo and Freight Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Air Cargo and Freight Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Cargo and Freight Logistics Market
7. Global Air Cargo and Freight Logistics Market, By Destination Type (USD Million)
7.1. Global Air Cargo and Freight Logistics Market Value Share and Forecast, By Destination Type, 2023-20337.2. Domestic7.3. International
8. Global Air Cargo and Freight Logistics Market, By Service Type (USD Million)
8.1. Global Air Cargo and Freight Logistics Market Value Share and Forecast, By Service Type, 2023-20338.2. Express8.3. Regular
9. Global Air Cargo and Freight Logistics Market, By Application (USD Million)
9.1. Global Air Cargo and Freight Logistics Market Value Share and Forecast, By Application, 2023-20339.2. Equipment9.3. Food9.4. Industry Materials9.5. Pharmaceuticals and Healthcare9.6. Other
10. Global Air Cargo and Freight Logistics Market Forecast, 2019-2033 (USD Million)
10.1. Global Air Cargo and Freight Logistics Market Size and Market Share
11. Global Air Cargo and Freight Logistics Market, By Destination Type, 2019-2033 (USD Million)
11.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Destination Type (2019-2026)11.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Destination Type (2027-2033)
12. Global Air Cargo and Freight Logistics Market, By Service Type, 2019-2033 (USD Million)
12.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Service Type (2019-2026)12.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Service Type (2027-2033)
13. Global Air Cargo and Freight Logistics Market, By Application, 2019-2033 (USD Million)
13.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Application (2019-2026)13.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Application (2027-2033)
14. Global Air Cargo and Freight Logistics Market, By Region, 2019-2033 (USD Million)
14.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Region (2019-2026)14.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Air China Ltd15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Bollore Logistics15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Canada Air Cargo & Freight Logistics Inc.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Cathay Pacific Airways Limited15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. CEVA Logistics15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Deutsche Lufthansa AG15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. DHL Express (Deutsche Post)15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. FedEx Corporation15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Horizon International Cargo15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Rosan Sea Air Services15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Singapore Airlines15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Titan Sea & Air Services15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Air Cargo and Freight Logistics Market is projected to reach USD 413.32 Billion by 2033, growing at a CAGR of 6.8% during the forecast period.
Air Cargo and Freight Logistics Market grew in market size from 2023. The Market is expected to reach USD 413.32 Billion by 2033, at a CAGR of 6.8% during the forecast period.
Air Cargo and Freight Logistics Market CAGR of 6.8% during the forecast period.
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Air Cargo and Freight Logistics Market size is USD 413.32 Billion from 2023 to 2033.
Air Cargo and Freight Logistics Market Segment is Covered By Destination Type, By Service Type, By Application
The North America region is anticipated to have the highest market share in Air Cargo and Freight Logistics Market.
Automation and digitization transforming logistics are expanding market opportunities. The rise in e-commerce has led to significant advances in logistics, including automation and digitization.
The key players in the market include Companies Covered Air China Ltd, Bollore Logistics, Canada Air Cargo & Freight Logistics Inc, Cathay Pacific Airways Limited, CEVA Logistics, Deutsche Lufthansa AG, DHL Express (Deutsche Post), FedEx Corporation, Horizon International Cargo, Korean Air Co., Ltd, Lavin Star, Rosan Sea Air Services, Singapore Airlines, Titan Sea & Air Services, Others
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