Air Freight Market Share, Growth, Analysis and Forecast Report 2024-2032

 IMARC Group, a leading market research company, has recently releases report titled “Air Freight Market Report by Service (Freight, Express, Mail, and Others), Destination (Domestic, International), End User (Private, Commercial), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global air freight market.

How Big Is the Air Freight Market?

The global air freight market size reached US$ 303.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 481.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

Factors Affecting the Growth of the Air Freight Industry:

• E-commerce Expansion:

The growing online shopping, particularly highlighted during the COVID-19 pandemic, has greatly increased the demand for air freight services. It is primarily driven by consumer expectations for rapid delivery times, which air freight is uniquely positioned to facilitate. Online shoppers frequently seek quick shipping options for high-value and premium products, making air freight an attractive choice for e-commerce businesses aiming to satisfy customer demands for speed and efficiency. Moreover, the ability to quickly move goods across vast distances offers a competitive advantage to e-commerce platforms, enabling them to serve a global customer base effectively.

• Technological Advancements:

Technological advancements within the aviation industry have significantly enhanced the viability of air freight as a method for shipping goods. The development of more fuel-efficient and faster aircraft reduced the costs and environmental impact associated with air cargo transport. These improvements make air freight a more attractive option for businesses needing efficient, long-distance transportation solutions. Moreover, innovations in logistics and supply chain management software are transforming how air shipments are routed and tracked. It optimizes the loading, flight scheduling, and routing processes, which minimizes delays and maximizes efficiency. As these technological enhancements continue, they improve service quality and expand air freight's role within the global supply chain.

• Rise in Pharmaceutical Shipments:

The healthcare sector relies on air freight for the rapid transport of temperature-sensitive and perishable medical supplies, such as vaccines and biologics. The urgency of delivering these critical supplies has been especially highlighted by global health emergencies such as the COVID-19 pandemic, where air freight played an essential role in the global distribution of vaccines. The capability of air freight to maintain stringent temperature controls and handle delicate cargo makes it indispensable for the healthcare industry. It ensures that these vital products reach their destinations quickly and in optimal condition, which is crucial for maintaining the efficacy of medical treatments and vaccines. The rise in pharmaceutical shipments continues to drive demand for specialized air cargo services that can meet strict regulatory requirements and handling specifications.

For an in-depth analysis, you can refer sample copy of the report : https://www.imarcgroup.com/air-freight-market/requestsample

Leading Companies Operating in the Global Air Freight Industry:

• American Airlines Inc.
• ANA Cargo Inc.
• Bolloré Logistics
• Cargolux Airlines International S.A.
• 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
• United Parcel Service Inc.

Air Freight Market Report Segmentation:

By Service:

• Freight
• Express
• Mail
• Others

Freight service hold the largest market share due to the consistent demand for transporting goods efficiently and swiftly across various distances.

By Destination:

• Domestic
• International

International accounts for the largest market share, as global trade and cross-border commerce drive the need for air freight services to connect businesses and consumers worldwide.

By End User:

• Private
• Commercial

Commercial dominates the market, as industries such as manufacturing, retail, and e-commerce rely heavily on air freight to meet their supply chain demands.

Regional Insight:

• 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

Asia Pacific’s dominance in the air freight market is attributed to the robust manufacturing sector, increasing e-commerce activities, and rising consumer demand across the region.

Global Air Freight Market Trends:

At present, the digitization of documentation processes, such as electronic air waybills (e-AWBs) and digital customs declarations, streamlines paperwork and enhances efficiency in air freight operations. Digital platforms facilitate faster clearance and reduce administrative burdens. Moreover, various innovations in last-mile delivery, including drone technology and urban logistics solutions, are transforming final delivery processes in air freight.

These advancements improve speed, accuracy, and cost-effectiveness, addressing challenges in urban congestion and customer expectations. Furthermore, collaboration among stakeholders, including airlines, freight forwarders, airports, and regulators, is essential for optimizing air freight operations and addressing industry challenges collectively, while partnerships foster innovation, efficiency, and resilience in the air cargo ecosystem.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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