Market Share of Air Freight Industry
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.
Air Freight Market Leaders
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FedEx (Federal Express) Corporation
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United Parcel Service Inc.
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The Emirates Group
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Cathay Pacific Airways Limited
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Cargolux Airlines International Sa
*Disclaimer: Major Players sorted in no particular order
