Air Cargo Market Introduction and Overview
According to SPER Market Research, the Global Air Cargo Market is estimated to reach USD 257.20 billion by 2033 with a CAGR of 6.21%.
The report includes an in-depth analysis of the Global Air Cargo Market, including market size and trends, product mix, Applications, and supplier analysis. Transporting products and equipment via a private cargo aircraft or by making use of a passenger aircraft's cargo space is referred to as air freight. All types of items, including raw materials, completed goods, valuables, perishables, chemicals, and electronics, are included in this.
- September 2021: With WiseTech Global, Emirates SkyCargo intended to introduce novel technological solutions. CargoWise, a new piece of technology, enhances user experience and increases the effectiveness of the booking procedure for a customer's cargo shipment.
- March 2021: To digitalize the global cargo supply chain, the International Air Transport Association (IATA) introduced the Enhanced Partner Identification and Connectivity (EPIC) platform. EPIC offers rapid and simple digital connectivity throughout the supply chain, saving time and money when it comes to revenue acquisition. More than 30 airlines and 900 goods forwarder branches currently use EPIC.
Market Opportunities and Challenges
Opportunities: The consumer market has shifted in favour of online platforms due to the rapid expansion of e-commerce. Consumers increasingly anticipate smoother deliveries and quicker turnaround times. E-commerce businesses depend on cross-border air travel's speed and efficiency to meet these demands. Additionally, to cut costs and boost efficiency, e-commerce businesses use inventory management techniques including just-in-time inventory and drop shipping models. By assuring the timely movement of goods and enabling firms to maintain low inventories while promptly satisfying orders, air freight plays a crucial part in assisting these initiatives. The consumer demand for quick delivery has increased as a result of the increased usage of e-commerce platforms, which is in turn opening up potential for the growth of the air cargo business.
Challenges: The cost of fuel significantly affects all airline operational expenses, including freight costs. The profit margins of the airlines and the overall cost of shipping the product are directly impacted by rising fuel prices. The profitability and pricing plans of air cargo operators can be impacted by changes in fuel prices, which could have an impact on the size of the air freight market.
Market Competitive Landscape
The air freight market is only mildly fragmented. Some of the major firms in the market, who operate in many different parts of the world, control it. Air cargo service providers are facing new difficulties as a result of the rising demand for air freight transportation services. In order to offer services at a reasonable price, airlines must concentrate on implementing fuel-efficient solutions and incorporating cutting-edge technologies. The major players in the market include: American Airlines Inc., Bollore Logistics, CAL Cargo Air Lines Ltd, Cargolux Airlines International SA, Cathay Pacific Airways Ltd, China Airlines Ltd., China Southern Airlines Co. Ltd., Delta Air Lines Inc., Deutsche Post AG, Emirates SkyCargo, Etihad Airways PJSC, Expeditors International of Washington Inc., FedEx Corp., IAG Cargo, Korean Air Lines Co. Ltd., Lufthansa Cargo, Nippon Express Holdings, Qatar Airways Cargo, Saudi Airlines Cargo Co., Singapore Airlines Cargo, Others.
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 Carrier Type, By Service Type, By Shipment Type, By End Use
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | American Airlines Inc., Bollore Logistics, CAL Cargo Air Lines Ltd, Cargolux Airlines International SA, Cathay Pacific Airways Ltd, China Airlines Ltd., China Southern Airlines Co. Ltd., Delta Air Lines Inc., Deutsche Post AG, Emirates SkyCargo, Etihad Airways PJSC, Expeditors International of Washington Inc., FedEx Corp., IAG Cargo, Korean Air Lines Co. Ltd., Lufthansa Cargo, Nippon Express Holdings, Qatar Airways Cargo, Saudi Airlines Cargo Co., Singapore Airlines Cargo, Others
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COVID-19 Impact on Global Air Cargo Market
The aircraft cargo market was significantly impacted by COVID-19. Due to travel limitations and decreased demand, passenger aircraft were either grounded or operated at reduced capacity, which resulted in restricted cargo capacity and fierce rivalry between carriers. The demand for both e-commerce and necessities increased significantly, which resulted in a change in the kinds of cargo being transported. A global supply network was maintained and items were transported to various countries thanks in large part to cargo airlines.
Key Target Audience
- Airlines and Air Cargo Carriers
- E-commerce Companies
- Freight Forwarders
- International Trade and Export/Import Managers
- Logistics Managers
- Shippers/Manufacturers
- Supply Chain Managers
- Third-Party Logistics (3PL) Providers
- Others
Our in-depth analysis of the Air Cargo Market includes the following segments:
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By Carrier Type:
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Belly Cargo
Freighter
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By Service Type:
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Express Air Cargo
General Air Cargo
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By Shipment Type:
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Domestic Air Cargo
International Air Cargo
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By End Use:
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Automotive
Consumer Electronics
FMCG and retail
Manufacturing
Pharmaceuticals and chemicals
Other industries
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Key Topics Covered in the Report
- Global Air Cargo Market Size (FY’2023-FY’2033)
- Overview of Global Air Cargo Market
- Segmentation of Global Air Cargo Market By Carrier Type (Belly Cargo, Freighter)
- Segmentation of Global Air Cargo Market By Service Type (Express Air Cargo, General Air Cargo)
- Segmentation of Global Air Cargo Market By Shipment Type (Domestic Air Cargo, International Air Cargo)
- Segmentation of Global Air Cargo Market By End Use (Automotive, Consumer Electronics, FMCG and retail, Manufacturing, Pharmaceuticals and chemicals, Other industries)
- Statistical Snap of Global Air Cargo Market
- Expansion Analysis of Global Air Cargo Market
- Problems and Obstacles in Global Air Cargo Market
- Competitive Landscape in the Global Air Cargo Market
- Impact of COVID-19 and Demonetization on Global Air Cargo Market
- Details on Current Investment in Global Air Cargo Market
- Competitive Analysis of Global Air Cargo Market
- Prominent Players in the Global Air Cargo Market
- SWOT Analysis of Global Air Cargo Market
- Global Air Cargo Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1.2. Market segment analysis
2.1. Research data source
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Global Air Cargo Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. Global Air Cargo Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Cargo Market
7. Global Air Cargo Market, By Carrier Type (USD Million)
7.1. Global Air Cargo Market Value Share and Forecast, By Carrier Type, 2023-2033
8. Global Air Cargo Market, By Service Type (USD Million)
8.1. Global Air Cargo Market Value Share and Forecast, By Service Type, 2023-2033
9. Global Air Cargo Market, By Shipment Type (USD Million)
9.1. Global Air Cargo Market Value Share and Forecast, By Shipment Type, 2023-2033
9.3. International Air Cargo
10. Global Air Cargo Market, By End Use (USD Million)
10.1. Global Air Cargo Market Value Share and Forecast, By End Use, 2023-2033
10.3. Consumer Electronics
10.6. Pharmaceuticals and chemicals
11. Global Air Cargo Market Forecast, 2019-2033 (USD Million)
11.1. Global Air Cargo Market Size and Market Share
12. Global Air Cargo Market, By Carrier Type, 2019-2033 (USD Million)
12.1. Global Air Cargo Market Size and Market Share By Carrier Type (2019-2026)
12.2. Global Air Cargo Market Size and Market Share By Carrier Type (2027-2033)
13. Global Air Cargo Market, By Service Type, 2019-2033 (USD Million)
13.1. Global Air Cargo Market Size and Market Share By Service Type (2019-2026)
13.2. Global Air Cargo Market Size and Market Share By Service Type (2027-2033)
14. Global Air Cargo Market, By Shipment Type, 2019-2033 (USD Million)
14.1. Global Air Cargo Market Size and Market Share By Shipment Type (2019-2026)
14.2. Global Air Cargo Market Size and Market Share By Shipment Type (2027-2033)
15. Global Air Cargo Market, By End Use, 2019-2033 (USD Million)
15.1. Global Air Cargo Market Size and Market Share By End Use (2019-2026)
15.2. Global Air Cargo Market Size and Market Share By End Use (2027-2033)
16. Global Air Cargo Market, By Region, 2019-2033 (USD Million)
16.1. Global Air Cargo Market Size and Market Share By Region (2019-2026)
16.2. Global Air Cargo Market Size and Market Share By Region (2027-2033)
16.3.6. Rest of Asia-Pacific
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.7.3. Rest of Latin America
17.1. American Airlines Inc.
17.1.2. Financial outlook
17.1.4. Recent developments
17.2.2. Financial outlook
17.2.4. Recent developments
17.3. CAL Cargo Air Lines Ltd
17.3.2. Financial outlook
17.3.4. Recent developments
17.4. Cargolux Airlines International SA
17.4.2. Financial outlook
17.4.4. Recent developments
17.5. Cathay Pacific Airways Ltd
17.5.2. Financial outlook
17.5.4. Recent developments
17.6. China Airlines Ltd.
17.6.2. Financial outlook
17.6.4. Recent developments
17.7. China Southern Airlines Co. Ltd.
17.7.2. Financial outlook
17.7.4. Recent developments
17.8. Delta Air Lines Inc.
17.8.2. Financial outlook
17.8.4. Recent developments
17.9.2. Financial outlook
17.9.4. Recent developments
17.10.2. Financial outlook
17.10.4. Recent developments
17.11. Etihad Airways PJSC
17.11.2. Financial outlook
17.11.4. Recent developments
17.12. Expeditors International of Washington Inc.
17.12.2. Financial outlook
17.12.4. Recent developments
17.13.2. Financial outlook
17.13.4. Recent developments
17.14.2. Financial outlook
17.14.4. Recent developments
17.15. Korean Air Lines Co. Ltd.
17.15.2. Financial outlook
17.15.4. Recent developments
17.16.2. Financial outlook
17.16.4. Recent developments
17.17. Nippon Express Holdings
17.17.2. Financial outlook
17.17.4. Recent developments
17.18. Qatar Airways Cargo
17.18.2. Financial outlook
17.18.4. Recent developments
17.19. Saudi Airlines Cargo Co.
17.19.2. Financial outlook
17.19.4. Recent developments
17.20. Singapore Airlines Cargo
17.20.2. Financial outlook
17.20.4. Recent developments
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. 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.
