Air Cargo Market Global Demand | Size, Share, Emerging Audience and Forecast to 2025

Market Analysis

The growth of the Global Air Cargo Market can be attributed to the growing e-commerce industry and increasing adoption of air cargo services by the pharmaceutical and healthcare industry. Furthermore, the rising adoption of artificial intelligence (AI) and blockchain technology in supply chain management to facilitate operations is also propelling the growth of the air cargo market.

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Key Players

The key players in the Global Air Cargo Market are FedEx (US), United Parcel Service of America, Inc. (US), DHL International GmbH  (Germany), Cathay Pacific Airways Limited  (Hong Kong), China Eastern Airlines Corporation Limited (China), Korean Air (South Korea), Cargolux (Luxembourg), Singapore Airlines (Singapore), The Emirates Group (UAE), Japan Airlines  (Japan), Deutsche Lufthansa AG (Germany), All Nippon Airways Co., Ltd (Japan), International Consolidated Airlines Group, SA. (UK), Etihad Airways (UAE), and Qatar Airways (Qatar).

Market Segment

Global Air Cargo Market has been segmented based on type, service, destination, end user, and region.

Based on type, the global air cargo market has been divided into air freight and air mail. The air freight segment is expected to account for a larger share of the market during the forecast period and register a higher CAGR from 2019 to 2025. Various initaitives undertaken by agencies such as IATA for making the air freight industry paperless are expected to drive the segment growth during the forecast period. For example, E-Freight is an industry-wide initiative undertaken by the IATA to build an end-to-end paperless transportation process for air cargo by developing proper regulatory framework.

In terms of region, the global air cargo market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific accounted for a dominant share of the market in 2018. However, the market in North America is projected to expand at the highest CAGR during the forecast period. Presence of prominent air cargo service providers such as United Parcel Service of America, Inc. and FedEx are driving the market growth in the region.

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