Air cargo market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. The air cargo market is a sector of the aviation industry that provides transportation services for goods, freight, and mail by air. Air cargo services are typically provided by cargo airlines that operate a fleet of aircraft dedicated to transporting goods. The air cargo market has experienced steady growth over the past few years, driven by globalization, e-commerce, and the increasing demand for just-in-time delivery. The market has also been impacted by changes in consumer behavior, with consumers increasingly expecting fast and reliable delivery of goods. Additionally, the growth of the market is led by the expansion of leading market players to new regions. For instance, in January 2023, Amazon launched Amazon Air, its dedicated air cargo fleet, in India as the e-commerce giant bulks up its logistics infrastructure in the key overseas market. The retailer has partnered with the Bengaluru-based cargo airline Quikjet to launch its maiden air freight service in the country.
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The global air cargo market is segmented based on its type and end-user. Based on its type, the market is segmented into belly cargo and freighter. Based on the end-user, the market is categorized into manufacturing, FMCG and retail, pharmaceuticals and chemicals, and others. Among the end-user segment, the retail sub-segment is anticipated to hold a prominent market share.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Air Cargo Market Report Segment
By Type
- Belly Cargo
- Freighter
By End-user
- Manufacturing
- FMCG and Retail
- Pharmaceuticals and Chemicals
- Others
Global Air Cargo Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global air cargo market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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