The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Air Freight Market Research Report:
The latest report by IMARC, titled “ Air Freight Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” finds that the global air freight market size reached US$ 287.4 Billion in 2022.
Air freight, or air cargo, refers to the movement of goods or consignments through charter or commercial air carriers over long distances. It is widely used to deliver fast-speed shipments from consignors to consignees or sellers to buyers globally. It assists in transporting perishable products requiring quick delivery, such as fruits, vegetables, frozen items, flowers, and meats, and nonperishable items, including jewelry, clothing, automotive parts, and electronics. It also aids in the distribution of vaccines via a well-established temperature-sensitive distribution system and cuttingedge technology and processes. It offers various benefits, such as reduced risks of theft and shipment damage and lower insurance premiums due to shorter durations. Since it is a significant contributor to economic development, air freight is rapidly gaining traction across the globe.
Request Free Sample Report: https://www.imarcgroup.com/air-freight-market/requestsample
Air freight helps save time, provides a higher level of security, and requires less packaging compared to other transportation modes to lower the weight limit. In contrast, other transportation methods, including marine, rail, and road transport, usually take days or weeks to deliver various items. As a result, the escalating demand for fast delivery services, especially for perishable goods, represents one of the primary factors driving the market growth. Besides this, the rising popularity of consolidated air freight services and the increasing import and export activities among various countries are contributing to market growth. Additionally, numerous airlines are focusing on implementing fuel-efficient solutions and adopting innovative technologies to offer cost-effective services to meet the surging demand for air freight services. In line with this, the rapid growth in the e-commerce industry has propelled market growth. Furthermore, the leading players are heavily investing in digitalization to improve user experience and efficiency of the booking process for a cargo shipment to the customer. Along with this, recent technological advancements, such as the large-scale integration of the internet of things (IoT), artificial intelligence (AI), big data, robotics, and automated systems in the air cargo supply chain, have catalyzed market growth. Other factors, including the emerging aviation industry, inflating sales of high-value goods, rising need for pharmaceutical drugs and medical equipment, and shifting focus toward supply chain optimization, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 413.0 Billion by 2028, growing at a CAGR of 5.7% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Service:
• Freight
• Express
• Others
Breakup by Destination:
• Domestic
• International
Breakup by End User:
• Private
• Commercial
Breakup by Region:
• 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
Competitive Landscape with Key Players:
• 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. View
We are the trusted business partners to the world's leading corporates, governments, and institutions
We are the trusted business partners to the world's leading corporates, governments, and institutions
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
