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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.
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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.
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 EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
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:
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.
|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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
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
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
8.4.2 Personal Care
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
8.5 Global Air Freight Market by Destination
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
8.6 Global Air Freight Market by Region
8.6.1 Market Share
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 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
126.96.36.199 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
188.8.131.52 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
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
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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
14.5 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
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15.2.2 Panalpina World Transport (Holding) Ltd.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
15.2.3 Expeditors International of Washington, Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15.2.4 Kintetsu World Express (I) Pvt. Ltd.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
15.2.5 CEVA Logistics
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15.2.6 Schenker AG
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
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
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:
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