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The Australia air freight market size was valued at USD 1.15 million in 2023. The market is further projected to grow at a CAGR of 3.80% between 2024 and 2032, reaching a value of USD 1.62 million by 2032.
Air freight is commonly utilised for transporting pharmaceuticals, perishable agricultural goods, seafood, seasonal items, plants, and documents. These products benefit from air freight's speed, reliability, and efficiency in transportation, making it an ideal choice for time-sensitive deliveries, high-value goods, and items with short shelf lives.
The thriving e-commerce market has significantly increased the demand for air freight services in Australia, driven by the surge in online shopping and the need for efficient transportation of goods. The adoption of advanced technologies like automation, robotics, and blockchain in cargo handling is enhancing the efficiency and transparency of the air cargo industry, shaping the future of airfreight logistics in Australia, and promoting Australia air freight market growth.
Moreover, the trend of nearshoring, which means outsourcing tasks to nearby countries is leading to large investments in industries like automotive, manufacturing, pharmaceuticals, and food & beverage, which is positively impacting demand of transportation and logistics services.
The emergence of fuel-efficient aircraft is significantly impacting the Australia air freight market development by enhancing operational efficiency, reducing costs, and minimising environmental impact. Airlines are using more fuel-efficient aircraft, such as the Airbus A350 and Boeing 787 Dreamliner, for air freight operations, which reduces emissions and fuel consumption. These advancements in aircraft technology are crucial for the air freight industry as they enable longer flights with reduced fuel burn, ultimately improving profitability and sustainability.
The market has a role in both domestic and international logistics operations. As per Australia air freight market analysis, air freight services within Australia cater to domestic transportation needs, facilitating the swift movement of goods across different regions within the country. The domestic segment is influenced by factors like infrastructure development, government policies, and the growth of e-commerce, which have contributed to the overall growth in the air freight market. 0.03% of Australia's domestic freight volume was transported by air in the fiscal year 2022–2023.
International air freight services, on the other hand, connect Australia to global markets, enabling the efficient transport of goods to various countries worldwide. The segment is affected by favourable global trade dynamics, increasing number of passengers travelling to foreign countries, and emergence of fuel-efficient aircrafts.
Australia Air Freight Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Service
Market Breakup by Destination
Market Breakup by End Use
Market Breakup by Region
Market players are engaged in providing efficient air cargo and logistics solutions to stay ahead in the competition.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Service |
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Breakup by Destination |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 1.15 million.
The market is expected to grow at a CAGR of 3.80% between 2024 and 2032.
The air freight market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.62 million by 2032.
The market is being driven due to growth of e-commerce and online shopping, demand for efficient air cargo for logistics, rising global trade activities, and robust tourism industry of Australia, which necessitates seamless luggage transportation.
Key trends aiding the market expansion are innovations in air cargo tracking, supportive government policies, investment in airport infrastructure, and increasing demand for fuel-efficient aircrafts.
Regions considered in the market are South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on destination, the market segmentations include domestic and international.
Private and commercial end uses are considered in the report.
Key players in the market are Qantas Airways Limited, Tasman Cargo Airlines Pty Limited, Kuehne & Nagel Australia Pty Ltd., Federal Express (Australia) Pty Ltd., and Freight and Customs Pty Ltd., among others.
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