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Global Air Freight Market: By End Use: Pharmaceutical, Personal Care, Chemicals, Automobile, Fashion, Others; By Destination: Domestic, International; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Procurement Strategy; Competitive Landscape; Industry Events and Developments

Global Air Freight Market Outlook

The global air freight market size reached a volume of nearly 69.7 million metric tons in 2020. The market size is expected to grow at a CAGR of 12% during the forecast period of 2021-2026 to reach a volume of around 137.5 million metric tons by 2026.

 

Air Freight Market

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North America is the most significant market for air freight, with the United States being the leading regional market. The market in the region is being driven by the growing end-use industries, which comprise of electrical, personal care, machinery and automobile equipment, pharmaceutical, fashion, and retail sectors, among others.

The Asia Pacific is likely to witness a healthy growth in the forecast period. Surplus volume from China is expected to be supplied to other Southeast Asian countries. The supply in the region surpasses the demand, owing to the expanded capacity, which started growing faster since 2018. The region’s capacity expanded by around 2.5% in 2020 as compared to 2018. The market is also expected to be supported by the rising investments in the Southeast Asian nations by the freight forwarders. The sourcing locations by the shippers are expected to change in the coming years, that is, the cargo traffic is likely to be shifted from China to the Southeast Asian nations like Vietnam. The shift is expected to occur to attract more third part logistics investments in the Southeast Asian nations, where the demand is healthy, and the potential is also high. The freight rates, however, will increase between the United States and China, and are likely to affect the market and might act as a constraint for the industry growth for a short period.

Mexico is planning to add terminal 3 in the coming years in order to make the airport more manageable. In the recent years, the airport has been facing problems like difficulty in managing slots. Adding another terminal is likely to manage all the flights in the region’s busiest airport. This expected addition is leading to more routes being explored by the shippers who are planning to route Chinese freight to the United States through Mexico.

 

Properties and Applications

Air freight refers to the carrier that is used to transport goods by air. Air freight facilities are offered by nearly all the airlines. There are two types of cargo that are delivered through air freight, namely, perishable and emergency items, and regular non-perishable goods. Products like jewellery, clothes, and other products are included in the non-perishable segment. Food items like fruits, vegetables, and meats, as well as medicines, are included in the perishable category.

 

Global Air Freight Market By End Use

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The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Air Freight Market By Region

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Market Analysis

The global air freight market is being driven by the growing demand for high-technology products and apparel, especially in the Asia Pacific region. The region has a rapidly growing electronics market, owing to the developing economies and the rising disposable income of the consumers. The expected plan of the shippers to shift from China to other Southeast Asian countries as the sourcing locations is also expected to support the demand growth for air freights.

The air freight market in Europe is being propelled by the growing demand for pharmaceuticals as well as medical equipment. The region is also witnessing a robust growth in its automobiles industry, which is providing further impetus to the air freight market, which is extremely useful in the transportation of these products within the domestic and overseas markets. The Middle East and Africa air freight market, on the other hand, is being supported by the rising demand for oil and mining equipment in the region. The construction activities in the region are also on the rise, providing a push to the air freight market growth. The demand for air freights in Africa is especially growing at a healthy, positive rate.

The North America air freight market is aided by the increasing demand for hi-tech appliances. Improved Capex that is, capital expenditure, is also driving the freight market forward. The addition of another terminal at the Mexico airport is also expected to increase the demand for air freight in the region.

 

Competitive Landscape

November 2020- CEVA Logistics opened a new facility in Sri Lanka, to serve the needs of the consumers in the South Asian country, along with the Maldives. 

The report gives a detailed analysis of the following key players in the global air freight market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Deutsche Post AG
  • Kuehne + Nagel International AG
  • Panalpina World Transport (Holding) Ltd.
  • Expeditors International of Washington, Inc (NASDAQ: EXPD) 
  • DB Schenker
  • Agility
  • Kintetsu World Express, Inc.
  • CEVA Logistics
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Destination, Region
Breakup by End Use Pharmaceutical, Personal Care, Chemicals, Automobile, Fashion, Others
Breakup by Destination Domestic, International
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Deutsche Post AG, Kuehne + Nagel International AG, Panalpina World Transport (Holding) Ltd., Expeditors International of Washington, Inc, DB Schenker, Agility, Kintetsu World Express, Inc., CEVA Logistics, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Air Freight Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Air Freight Historical Market (2016-2020) 
    8.3    Global Air Freight Market Forecast (2021-2026)
    8.4    Global Air Freight Market by End Use
        8.4.1    Pharmaceutical
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Personal Care
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Chemicals
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Automobile
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Fashion
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Others
    8.5    Global Air Freight Market by Destination
        8.5.1    Domestic
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    International
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Air Freight Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    Air Freight Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Jet Fuel Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Procurement Strategy
    13.1    Pricing Models
    13.2    Engagement Framework
14    Cost Analysis
    14.1    Fuel Cost
    14.2    Handling and Landing
    14.3    Labour
    14.4    Depreciation
    14.5    Other Operating Expense
    14.6    Trucks and Truck Handling
    14.7    Maintenance and Repair
    14.8    Aircraft Lease Expense
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Deutsche Post AG
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Panalpina World Transport (Holding) Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Expeditors International of Washington, Inc. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Kintetsu World Express (I) Pvt. Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    CEVA Logistics
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Schenker AG
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Industry Events and Developments


List of Figures and Tables

1.    Global Air Freight Market: Key Industry Highlights, 2016 and 2026
2.    Global Air Freight Historical Market: Breakup by End Use (USD Million), 2016-2020
3.    Global Air Freight Market Forecast: Breakup by End Use (USD Million), 2021-2026
4.    Global Air Freight Historical Market: Breakup by Destination (USD Million), 2016-2020
5.    Global Air Freight Market Forecast: Breakup by Destination (USD Million), 2021-2026
6.    Global Air Freight Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Air Freight Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Air Freight Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Air Freight Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Air Freight Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Air Freight Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Air Freight Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Air Freight Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Air Freight Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Air Freight Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Air Freight Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Air Freight Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Air Freight Historical Price Trends (2016-2020) and Forecast (2021-2026)
19.    Jet Fuel Historical Price Trends (2016-2020) and Forecast (2021-2026)
20.    Global Air Freight Market Structure

Analyst Review

The global air freight market attained a volume of nearly 69.7 million metric tons in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 12%. The market is projected to reach nearly 137.5 million metric tons by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is divided into North America, Latin America, Middle East and Africa, Europe, and the Asia Pacific, based on region, with North America being the largest regional market. The key players in the above industry are Deutsche Post AG, Kuehne + Nagel International AG, Panalpina World Transport (Holding) Ltd., Expeditors International of Washington, Inc, DB Schenker, Agility, Kintetsu World Express, Inc., and CEVA Logistics, among others.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing demand for technology and apparels from the Asia Pacific, growing demand for pharmaceuticals in Europe, and the rising demand for oil and mining equipment in the Middle East and Africa are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global air freight market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industry for 2021-2026?
  • What are the major industry drivers and constraints?
  • What are the major price and demand indicators of the global air freight market?
  • Who are the key players in the global air freight market?
  • What is the degree of competition in the global market?
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