Air Freight Market Outlook
According to the report by Expert Market Research (EMR), the global air freight market share is projected to grow at a CAGR of 12% between 2024 and 2032. Aided by rapid globalisation and the growth of the e-commerce industry, the market is expected to grow significantly by 2032.
Air freight refers to the transportation of goods via an air carrier, which can be charter or commercial. Such shipments traverse across custom airports and daily routes, ensuring rapid delivery of goods irrespective of the global location. These deliveries are quintessential for global supply chain operations, especially when the shipments are of high value or extremely time sensitive.
The air freight market growth is driven by the expansion of the e-commerce sector globally. In the times where online shopping has evolved into a norm rather than an exception, the necessity for swift and reliable transportation solutions for goods ordered online has surged. Air freight services, with their promise of timely deliveries, play a pivotal role in fulfilling this growing demand.
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One of the crucial air freight market trends is the rising adoption of advanced technological solutions and integration of latest features into the systems. From digital freight booking systems to real-time tracking of cargo, technology is entering the very core of air cargo operations. Moreover, the automation of warehousing and cargo handling processes ensures the efficient and safe handling of goods, further augmenting the market’s potential.
Another essential point highlighted through the air freight market analysis is the burgeoning demand for perishable goods worldwide. Whether it is fresh produce, pharmaceutical products, or bio-samples, the necessity for these goods to be transported quickly and under controlled conditions has enhanced the relevance of air freight services. Specialised carriers with temperature-controlled facilities ensure the integrity of these goods throughout their journey.
Furthermore, globalisation has meant that businesses are no longer confined to local or even regional boundaries. As enterprises continue to expand and diversify, demand for efficient logistics solutions also rises simultaneously. Air freight services, in this context, serve as a bridge, connecting businesses to their overseas partners, clients, and consumers, thus boosting the air freight market size.
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Air Freight Market Segmentation
The market can be divided based on end use, destination, and region.
Market Breakup by End Use
- Pharmaceutical
- Personal Care
- Chemicals
- Automobile
- Fashion
- Others
Market Breakup by Destination
- Domestic
- International
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global air freight market. Some of the major players explored in the report by Expert Market Research are as follows:
- Deutsche Post AG
- DSV A/S
- Expeditors International of Washington, Inc.
- Kintetsu World Express (I) Pvt. Ltd.
- CEVA Logistics
- DB Schenker
- Others
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