The air freight services market involves transporting commodities, goods, and other cargo using airplanes. Some key products and services in this market include express delivery, regular cargo, and chartered cargo services. Air freight offers faster delivery compared to sea or land transport, making it an optimal option for time-sensitive goods like pharmaceuticals, tech hardware, and perishable foods. It allows just-in-time delivery of components in global supply chains. Major commodities shipped via air include computers and electronics, fresh produce, healthcare/pharma, and manufactured goods.
The global air freight services market is estimated to be valued at US$ 151.02 Bn in 2024 and is expected to reach US$ 223.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
Key Takeaways
Key players operating in the air freight services are American Airlines, CargoLux Airlines International S.A., DB Schenker, Delta Airlines, DHL Group, DSV, Emirates, Etihad Airways, FedEx Corporation, Korean Air Lines Co. Ltd., Kuehne and Nagel, Lufthansa, Qatar Airways, Singapore Airlines, United Airlines, and UPS. These players have extensive global networks to offer time-definite international shipping.
The air freight is growing due to rising e-commerce sales and just-in-time manufacturing practices across industries. Temperature-sensitive goods like foods and pharmaceuticals also rely majorly on air transport. Globalization of trade and rising consumer expectations further boost the need for faster logistics.
Countries like China, US, Germany, UK, France, UAE, India are major economic centers driving international trade. As exports and imports Air Freight Services Market Demand between these nations, reliance on cost-effective and time-efficient air cargo will continue increasing. Carriers are expanding their fleets and global reach to tap emerging trade routes and gain higher market share.
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