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 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...

According to the latest report by IMARC Group, titled " Global Air Freight Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global air freight market size reached a value of US$ 270.3 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 390.7 Billion by 2027 , exhibiting a CAGR of 5.80% during 2022-2027. Air freight, also known as air cargo, is a transportation mode that delivers fast-speed shipments through aircraft or commercial air carriers. It is managed through a chain of numerous entities, such as aircraft and postal operators, express carriers, regulated agents, haulers, and ground handlers, with varying responsibilities. Over the years, air freight has contributed significantly to economic development across the globe. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into th...