How big is the Air Freight Market?

The Air Freight Market size is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029. Read More

What is the current Air Freight Market size?

In 2024, the Air Freight Market size is expected to reach USD 151.22 billion. Read More

Who are the key players in Air Freight Market?

FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in the Air Freight Market. Read More

Which is the fastest growing region in Air Freight Market?

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Air Freight Market?

In 2024, the Asia-Pacific accounts for the largest market share in Air Freight Market. Read More

What years does this Air Freight Market cover, and what was the market size in 2023?

In 2023, the Air Freight Market size was estimated at USD 142.27 billion. The report covers the Air Freight Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Freight Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is the impact of e-commerce on the Air Freight Market?

E-commerce has had a significant and transformative impact on the Air Freight Market, acting as a major driver of its growth and shaping its future landscape. Read More

What are the upcoming trends in the Air Freight Industry?

The upcoming trends in the Air Freight Industry are A) The growing utilization of Artificial Intelligence and Machine Learning tools to enhance logistics and supply chain operations b) Growing demand for swift and efficient international shipping intensifies Read More

Air Freight Market Global | Industry Analysis, Size & Outlook Report

Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments.

Air Freight Industry Overview

The air freight industry is moderately fragmented, with dominant players operating across multiple regions worldwide. The increasing demand for air freight transportation services presents new challenges to cargo providers. Airlines must prioritize implementing fuel-efficient solutions and embracing innovative technologies to offer cost-effective services.

For instance, companies like Lufthansa Cargo have invested in digital capabilities, such as their e-booking system, and aim to make their booking systems accessible through Application Programming Interfaces (APIs), providing inventory accessibility to others.

However, regulatory disputes (such as the US-China trade war), anti-national activities, and the COVID-19 pandemic significantly disrupted the air freight industry. This disruption led to the cancellation of numerous flights due to safety concerns and a decrease in passenger numbers.

To support the warehousing requirements of goods transported through airports, special economic zones (SEZs), free trade zones (FTZs), and bonded warehouses are expected to play a crucial role.