Air freight market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period (2024-2031). The air freight market plays a pivotal role in global trade and commerce, serving as a vital link in the supply chain for businesses across various industries. This dynamic sector encompasses the transportation of goods by air, offering speed, reliability, and efficiency for time-sensitive shipments.
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The delivery of items through cargo planes is the fastest among other modes of transportation. While different types of vehicles, such as shipping, rail, or road transport, can take days or weeks to deliver things, air transport can do so in hours. Because there are more miniature goods to offload than cargo ships, customs clearance is rapid, and local warehousing is not required. Furthermore, air freight is the safest means of transport among the others as the items delivered by air undergo minimal handling, and airport safety standards are tightly enforced. The risk of theft and damage to the package is reduced. Furthermore, due to the short duration of the shipment, air freight insurance costs are typically modest.The growing adoption of air cargo delivery option owing to its offered benefits is a key factor driving the growth of the global market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Air Freight Market by Service
- Freight
- Express
- Other Services
Global Air Freight Market by Destination
- Domestic
- International
Global Air Freight Market by Carrier Type
- Belly Cargo
- Freighter
Global Air Freight Market by End-user
- Private
- Commercial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AirBridgeCargo Airlines
- All Nippon Airways Co. Ltd (ANA)
- American Airlines
- Azul Airlines
- Cargojet Inc.
- Cargolux Airlines International SAa
- China Airlines Ltd
- Copa Airlines*
- Delta Airlines
- Deutsche Lufthansa AG
- Deutsche Post DHL
- Gol Airlines
- International Consolidated Airlines Group SA
- Japan Airlines Co. Ltd.
- Kuehne + Nagel International AG
- LATAM Airlines
- Magma Aviation Limited
- Qatar Airways Company QCSC
- United Airlines
The Report Covers
- Market value data analysis of 2023and forecast to 2031.Annualized
- market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global air freightmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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