"Smart Market Solutions to Help Your Business Gain Edge over Competitors"

Air Cargo Market Size, Share & COVID-19 Impact Analysis, Russia Ukraine War Impact Analysis, By Type (Air Mail and Air Freight), By Service (Express and Regular), By End User (FMCG, Manufacturing, Retail, Pharmaceutical & Healthcare, Food & Beverage, Consumer Electronics, Automotive, and Others), By Destination (Domestic and International), By Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108328 | Status : Ongoing

 

KEY MARKET INSIGHTS

The air cargo market is a vital component of the global transportation industry. It refers to the transportation of goods by air, usually using specialized cargo aircraft or the belly space of passenger aircraft. Air cargo plays a significant role in the international trade of goods. It provides a fast, safe, and efficient mode of transportation for high-value, time-sensitive, and perishable products.


Key Market Analysis


The air cargo market is a significant contributor to the global transport industry, with an increasing market size driven by increasing demand for e-commerce and delivery services. The air cargo market is segmented by service type and end-use industry. The market is segmented into express, regular, and special cargo. The air cargo market comprises a diverse range of industries, including manufacturing, retailer-commerce, healthcare, and automotive.

The air cargo market is highly competitive, with many airlines and cargo operators offering services globally. The market is also heavily regulated by national and international authorities to ensure the safety and security of the cargo and passengers. Recently, the cargo industry faced various challenges, including COVID-19 and increasing demand for sustainable and environmentally friendly transportation options. Despite these challenges, the air cargo market is expected to continue growing in the coming years, driven by globalization, e-commerce, and technological advancements. The increase in e-commerce sales to boost the market is notably driving the market growth, although factors such as the expected rise in jet fuel prices may impede the market growth.

Factors driving the growth of the global air cargo market are rise in e-commerce sales due to the increasing number of online sellers and the rising number of online shoppers. Online sellers require air cargo services to deliver their products to customers on time due to which the rise in e-commerce is driving the air cargo market.

COVID-19 Impact Analysis


COVID-19 has had a significant impact on the air cargo market. While the pandemic decreased passenger air travel, air cargo demand surged due to medical supplies, personal protective equipment, and other essential goods. However, the pandemic has also created various challenges for the air cargo industry, such as disruption in supply chains, capacity constraints, and increased costs.

The pandemic created a surge in demand for air cargo as countries scrambled to secure essential medical supplies and other critical goods. The demand for air cargo also increased due to the disruption of ocean fright, which was severely impacted by port closure and delay. The decrease in passenger air travel also led to decreased available cargo space, as most air cargo is carried in the belly of passenger planes. This has led to capacity constraints, with many air cargo carriers struggling to meet demand.

The demand and capacity constraint increase led to significant price volatility in the air cargo market. Prices for air cargo increased sharply during the early stages of the pandemic due to a surge in demand and capacity constraints. However, prices have stabilized as airlines have adjusted their operations to meet the increased demand. The pandemic led to significant supply chain disruption, which had a ripple effect on the air cargo industry. Many manufacturers had to shut down production facilities, which impacted the availability of goods for air transport.

Russia-Ukraine War Impact Analysis


The ongoing conflict between Russia-Ukraine has had a significant impact on the air cargo market, particularly in the region of the imposition of sanctions and restrictions on trade, which has impacted the movement of goods by air. The conflict has led to disruption of the supply chain, which has impacted the movement of goods by air. The closure of borders and restrictions on trade have made it difficult for airlines to transport goods between the two countries.

The conflict has also reduced air cargo demand as businesses have been forced to reduce air operations in the region. The number of flights and cargo volumes transported between Russia and Ukraine decreased.

The demand reduction has also led to capacity constraints as airlines have reduced their regional operations. This has led to higher prices for air cargo as the supply of the available cargo space has decreased. It has also impacted the ability of the airports to handle air cargo. The closure of the airport and restrictions on air traffic have made it difficult for airlines to transport goods in the region.

The air cargo market is segmented is Analyzed, By Type the market is segmented into air mail and air freight, By Service Type the market into segmented as express and regular, By End User Type, the market is segmented into FMCG, manufacturing, retail, pharmaceutical & healthcare, food & beverage, consumer electronics, automotive, and others, By Destination type the market is segmented into domestic and international, and  By Geography, the market is segmented into Europe, North America, Asia Pacific, Middle East and Africa, and South America

Key Insights



  • The research includes detailed information about the competitors' overviews, important market developments, and key strategies.

  • The Report format has been maintained to provide the most business value possible.

  • It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.


Regional Analysis


To gain extensive insights into the market, Request for Customization


Air transportation of goods from the Asia Pacific region to North American countries is anticipated to increase due to the shipment of raw materials from Asia Pacific, which are comparatively cheaper than in other parts of the world. This is mainly due to the lower manufacturing and labor cost in Asia Pacific countries like India, China, Vietnam, and Thailand.

The North American region holds the second largest market share globally, as it is home to many key market players who drive demand in the region. Additionally, increased disposable income per person contributes to the regional market.

Europe holds the third largest market share, primarily due to its advanced technological infrastructure that simulates market growth.

Key Players


Some prominent players in the air cargo market are American Airlines Inc., CAL Cargo Air Lines Ltd, FedEx Corp., Bollore Logistics, Emirates SkyCargo, Cargolux Airlines International SA, Cathay Pacific Airways Ltd, Qatar Airways Cargo China Airlines Ltd., China Southern Airlines Co. Ltd., Delta Air Lines Inc., and others.

Segmentation




















By Type


By Service


By End User


By Destination


By Geography



  • Air Mail

  • Air Freight




  • Express

  • Regular




  • FMCG

  • Manufacturing

  • Retail

  • Pharmaceutical & Healthcare

  • Food & Beverage

  • Consumer Electronics

  • Automotive

  • Others




  • Domestic

  • International




  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, and Rest of Europe)

  • Asia Pacific (China, India, South America, Chile, Argentina, and Brazil)

  • Middle East & Africa (Saudi Arabia, South Africa, and Rest of the Middle East & Africa)


 


Recent developments



  • In February 2022, AP Moller – Maersk As is set to acquire pilot freight, a developer of first, middle, and last-mile solutions focused on large and heavy air freight, for approximately USD 1600 million. Maersk is a leading global container shipping company, transporting nearly 12 million containers annually and offering a wide range of services, such as air freight, ocean transport, inland shipping, and intercontinental rail.

  • In February 2022, Flexport made an advanced purchase order for two large-scale cargo unmanned aerial vehicle designees from Natilus. These drones can carry up to 100 tons of cargo, making them potential competitors to traditional aircraft. Nautilus is developing the first-ever autonomous aircraft specifically designed for air freight transportation.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Aerospace & Defense Clients

Kojler
Mitsubishi
Itic
Accenture
Topcon

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X