Global Air Freight Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Service;

Freight, Express, Mail, and Others.

By Destination;

Domestic and International.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn130626670 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Air Freight Market (USD Million), 2020 - 2030

In the year 2023, the Global Air Freight Market was valued at USD 336,341.57 million. The size of this market is expected to increase to USD 499,091.56 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The Global Air Freight Market is a critical component of the global logistics and transportation industry, enabling the rapid delivery of goods across long distances by aircraft. Air freight services are essential for supporting international trade, particularly for high-value and time-sensitive shipments such as pharmaceuticals, electronics, perishable goods, and luxury items. As a mode of transport, air freight accounts for a relatively small percentage of total freight activities by weight but is crucial for the movement of valuable and sensitive cargo.

Advancements in technology have significantly transformed the air freight market, with the adoption of automated systems, artificial intelligence (AI), robotics, and Big Data analytics optimizing operations and enhancing efficiency. Additionally, the development of cool-chain technologies and state-of-the-art processes allows for the safe transport of temperature-sensitive products like vaccines and other pharmaceuticals.

The market is expected to witness growth over the forecast period due to several factors, including the increasing demand for faster delivery options, the rising popularity of consolidated airfreight services, and the expansion of e-commerce. As global trade and economic interconnectivity continue to expand, the air freight market is poised to play an increasingly vital role in facilitating international commerce and supporting the supply chain needs of various industries worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service
    2. Market Snapshot, By Destination
    3. Market Snapshot, By Region
  4. Global Air Freight Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growth in E-commerce
        2. Globalization and International Trade
        3. High-Value and Time-Sensitive Goods
        4. Growing Demand for Consolidated Services
        5. Enhanced Logistics Infrastructure
      2. Restraints
        1. Regulatory and Customs Challenges
        2. Capacity Constraint
        3. Volatile Fuel Prices
        4. Security Risks
      3. Opportunities
        1. Expansion of Global Trade Routes
        2. Green Logistics Initiatives
        3. Growing Pharmaceutical and Healthcare Sectors
        4. Increased Adoption of E-commerce
        5. Strengthening Cold Chain Logistics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Air Freight Market, By Service, 2022 - 2032 (USD Million)
      1. Freight
      2. Express
      3. Mail
      4. Others
    2. Global Air Freight Market, By Destination, 2022 - 2032 (USD Million)
      1. Domestic
      2. International
    3. Global Air Freight Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DHL (Germany)
      2. FedEx Corporation (US)
      3. UPS (US)
      4. C.H. Robinson (US)
      5. Kuehne + Nagel (Switzerland)
      6. DB Schenker (Germany)
      7. Nippon Express (Japan)
      8. Expeditors International (US)
      9. Panalpina (Switzerland)
      10. Sinotrans (China)
      11. CEVA Logistics (Switzerland)
      12. DSV Panalpina (Denmark)
      13. Agility Logistics (Kuwait)
      14. Yusen Logistics (Japan)
      15. Geodis (France)
      16. Hellmann Worldwide Logistics (Germany)
      17. XPO Logistics (US)
      18. Kerry Logistics (Hong Kong)
      19. Dimerco (Taiwan)
      20. Bolloré Logistics (France)
  7. Analyst Views
  8. Future Outlook of the Market

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