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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 (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Air Freight Market Outlook
The global air freight market reached a volume of nearly 69.7 million metric tons in 2020. The market is expected to grow at a CAGR of 12% during the forecast period of 2022-2027.
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Growing End-Use Industries of Air Freight to Augment the Market Growth
North America is one of the most significant markets for air freight, with the United States being the leading regional market. The air freight market in the region is being driven by the growing end-use industries, which comprise electrical, personal care, machinery and automobile equipment, pharmaceutical, fashion, and retail industries, among others.
The Asia Pacific region 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 air freight market is also expected to be supported by the rising investments in the Southeast Asian nations by freight forwarders. The sourcing locations of the shippers are expected to change in the coming years, that is, cargo traffic is likely to be shifted from China to the Southeast Asian nations like Vietnam. The shift is expected 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, are expected to increase between the United States and China, and are likely to affect the market and might act as a constraint for the air freight market 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 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, which is fuelling the market for air freight.
Rising Focus on Supply Chain Optimisation to Propel the Market Growth of Air Freight
With the growing focus on supply chain optimisation and transformation, the air freight market is witnessing a robust growth. The market is also being driven by supply chain diversification by various companies to mitigate risks and the emergence of countries like Mexico and India as manufacturing hubs, which, in turn, is boosting air traffic and shaping air cargo as a significant mode of transport. Moreover, the robust growth of the e-commerce industry and the rising demand for rapid delivery services are bolstering the market for air freight. As airlines are increasingly extending their services to end-to-end services, various companies are utilising air freight as an omnichannel, which is likely to provide impetus to the market growth. The modernisation of air freight and the deployment of latest technologies like artificial intelligence (AI), machine learning, and advanced analytics, to automate several operations of air freight are likely to further augment the market growth in the coming years.
Market Segmentation
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.
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The major end uses of air freight are:
- Pharmaceutical
- Personal Care
- Chemicals
- Automobile
- Fashion
- Others
The market is bifurcated on the basis of destination into:
- Domestic
- International
The EMR report looks into the regional markets of air freight like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Technologically-Advanced Products Driving the Market for Air Freight
The global air freight market is being driven by the growing demand for technologically advanced products and apparel, especially in the Asia Pacific region. The region has a rapidly growing electronics industry, owing to the developing economies and the rising disposable income of 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.
Robust Growth of the Pharmaceuticals and Medical Equipment Industries to Augment the Market for Air Freight
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 market as air freight is extremely useful in the transportation of these products within the domestic and overseas markets. The Middle East and Africa market for air freight, 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 market growth. The demand for air freights in Africa is also 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.
Key Players in the Global Market for Air Freight
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
- Kintetsu World Express (I) Pvt. Ltd.
- Panalpina World Transport (Holding) Ltd.
- Expeditors International of Washington, Inc.
- DB Schenker
- CEVA Logistics
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on Porter’s five forces model, along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, 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, Panalpina World Transport (Holding) Ltd., Expeditors International of Washington, Inc. (NASDAQ: EXPD), Kintetsu World Express (I) Pvt. Ltd., CEVA Logistics, DB Schenker, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2017-2021)
8.3 Global Air Freight Market Forecast (2022-2027)
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 (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Personal Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Chemicals
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Automobile
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Fashion
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 International
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
9.1.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.2.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.3.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.4.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.5.2 Forecast Trend (2022-2027)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 Air Freight Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Jet Fuel Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Deutsche Post AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Panalpina World Transport (Holding) Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Expeditors International of Washington, Inc. (NASDAQ: EXPD)
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Kintetsu World Express (I) Pvt. Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 CEVA Logistics
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 DB Schenker
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Air Freight Market: Key Industry Highlights, 2016 and 2026
2. Global Air Freight Historical Market: Breakup by End Use (Million Metric Tons), 2017-2021
3. Global Air Freight Market Forecast: Breakup by End Use (Million Metric Tons), 2022-2027
4. Global Air Freight Historical Market: Breakup by Destination (Million Metric Tons), 2017-2021
5. Global Air Freight Market Forecast: Breakup by Destination (Million Metric Tons), 2022-2027
6. Global Air Freight Historical Market: Breakup by Region (Million Metric Tons), 2017-2021
7. Global Air Freight Market Forecast: Breakup by Region (Million Metric Tons), 2022-2027
8. North America Air Freight Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
9. North America Air Freight Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
10. Europe Air Freight Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
11. Europe Air Freight Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
12. Asia Pacific Air Freight Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
13. Asia Pacific Air Freight Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
14. Latin America Air Freight Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
15. Latin America Air Freight Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
16. Middle East and Africa Air Freight Historical Market: Breakup by Country (Million Metric Tons), 2017-2021
17. Middle East and Africa Air Freight Market Forecast: Breakup by Country (Million Metric Tons), 2022-2027
18. Air Freight Historical Price Trends (2017-2021) and Forecast (2022-2027)
19. Jet Fuel Historical Price Trends (2017-2021) and Forecast (2022-2027)
20. Global Air Freight Market Structure
Key Questions Answered in the Report
In 2020, the global air freight market attained a volume of nearly 69.7 million metric tons.
The market is projected to grow at a CAGR of 12% between 2022 and 2027.
The industry is being driven by the increased demand for high-technology products, rising consumer disposable income, robust growth in its automobiles industry, rise in construction activities, and rising investments.
The key industry trends propelling the market are the high demand for pharmaceuticals and medical equipment and the growing need for oil and mining equipment.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, with North America accounting for the largest share in the market.
The leading end-use sectors in the industry are pharmaceutical, personal care, chemicals, automobile, and fashion, among others.
Domestic and international are the major destinations of the industry.
The major players in the industry are Deutsche Post AG, Panalpina World Transport (Holding) Ltd., Expeditors International of Washington, Inc., Kintetsu World Express (I) Pvt. Ltd., CEVA Logistics, and DB Schenker, among others.
Analyst Review
The global air freight market attained a volume of nearly 69.7 million metric tons in 2020, driven by the growing demand for pharmaceuticals and medical equipment. Aided by the rising disposable incomes and the rising demand for oil and mining equipment, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 12%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its end-uses, the global air freight industry can be segmented into pharmaceutical, personal care, chemicals, automobile, and fashion, among others. By destination, the market is divided into domestic and international. The major regional markets for air freight are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with North America accounting for the largest share of the market. The key players in the above market include Deutsche Post AG, Panalpina World Transport (Holding) Ltd., Expeditors International of Washington, Inc., Kintetsu World Express (I) Pvt. Ltd., CEVA Logistics, and DB Schenker, among others.
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 market insights that are accurate, actionable, and help them remain ahead of their competition.
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