Global Air Freight Market, By Service (Forwarding, Airlines, Mail, and Other Services), By Destination (Domestic and International), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI372519 | Publish Date: December 2019 | No. of Pages: 169

Global Air Freight Market By Overview

Rapidly growing aviation infrastructure is the primary factor driving growth of the global market. In order to increase the cargo handling capacities, several regional airports are being developed and existing airports are expanding. In addition, rising conversion of passenger aircraft into cargo aircraft is expected to further propel growth of the target market. According to data published by International Air Transport Association, in 2019, the world’s airlines earned a collective net profit of US$30 billion in 2018. Industry revenues topped US$ 812 billion and 8% return on invested capital was generated. Moreover, large number of e-commerce and courier services companies prefers air freight over land or rail transportation, thus boosting demand for air freight services globally. However, air cargo continues to face significant challenges, such as global economic activity, fallen global trade volumes, and weakening consumer confidence, indicating further declines. Nevertheless, the global market is projected to grow due to factors, such as increased penetration of advanced technologies in the value chain and strong demand for manufacturing exports. In addition, the overall growth rate in the e-commerce sector is expected to create lucrative growth opportunities for the global market.

The global air freight market is segmented based on service, destination, and region.

Based on service, the global air freight market is segmented into forwarding, airlines, mail, and other services. By destination, the target market is classified into domestic and international.

Based on region the global air freight market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2018, North America accounted for the fastest growing market for the air freight. In January 2019, Airlines based in North America was the strongest performers. The US economy has showed robust performance which has supported jobs growth and consumer spending, thus been an important contributor to recent air freight market outcomes for carriers in this region. Air freight industry is a key part of the logistics and transportation industry. With the rising e-commerce trends, the demand for the air freight services is growing significantly and more freight is moving across the North American borders as well as to the other regions. However, Asia-Pacific region accounted for the major global market share. China witness for the major global market share followed by Japan in the Asia-Pacific region. The improving Japanese economy, as well as driving global demand for automotive, electronics parts, is helping the air freight market in reaching greater heights.

The key players operating the global air freight market involves Federal Express, Cathay Pacific Airways Limited, United Parcel Service Inc., Cargolux Airlines International SA, The Emirates Group, China Airlines Ltd, Qatar Airways Company QCSC, Japan Airlines Co. Ltd., Deutsche Lufthansa AG, and All Nippon Airways Co. Ltd (ANA). Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the Services in order to gain competitive edge in the target market. For instance, in January 2019, FedEx Express acquired international express business of flying cargo group in Israel. Israel has been and remains an important market for FedEx Express.

Detailed Segmentation:

Global Air freight Market, By Service:

  • Forwarding
  • Airlines
  • Mail
  • Other Services

Global Air freight Market, By Destination:

  • Domestic
  • International

Global Air freight Market, By Region:

      • North America
        • North America Air freight Market, By Service
        • North America Air freight Market, By Destination
        • North America Air freight Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Air freight Market, By Service
        • Europe Air freight Market, By Destination
        • Europe Air freight Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Air freight Market, By Service
        • Asia Pacific Air freight Market, By Destination
        • Asia Pacific Air freight Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific                                                                                                                                                                                        
      • Latin America
        • Latin America Air freight Market, By Service
        • Latin America Air freight Market, By Destination
        • Latin America Air freight Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Air freight Market, By Service
        • Middle East & Africa Air freight Market, By Destination
        • Middle East & Africa Air freight Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Company Profile:

  •  Federal Express *
        • Company Overview
        • Chipset Portfolio
        • Key Highlights
        • Financial Performance
  • Cathay Pacific Airways Limited
  • United Parcel Service, Inc.
  • Cargolux Airlines International SA
  • The Emirates Group
  • China Airlines Ltd.
  • Qatar Airways Company QCSC
  • Japan Airlines Co. Ltd.
  • Deutsche Lufthansa AG
  • All Nippon Airways Co. Ltd (ANA)

“*” marked represents similar segmentation in other categories in the respective section

Global Air Freight Market By Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Service
      • Market Snippet, By Destination
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  4. Global Air Freight Market, By Service, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Forwarding
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Airlines
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Mail
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Other Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Air Freight Market, By Destination, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Domestic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • International
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Air Freight Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Destination, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Destination, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Destination, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Destination, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Service, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Destination, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
      • FedEx (Federal Express) Corporation
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • Cathay Pacific Airways Limited
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • United Parcel Service, Inc.
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • Cargolux Airlines International SA
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • The Emirates Group
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • China Airlines Ltd.
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • Qatar Airways Company QCSC
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
      • Japan Airlines Co. Ltd.
        • Company Overview
        • Service Portfolio
        • Key Highlights
        • Financial Overview
  9. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The air freight market is segmented based on service, destination, and region.

Opportunities could arise from the growth of e-commerce, the demand for express and time-sensitive shipments, and the expansion of air cargo networks to new regions.

Globalization of supply chains, the increasing demand for rapid and reliable transportation of goods, and the expansion of the e-commerce industry.

Regions typically considered include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The dominance of the market may depend on factors such as the concentration of major air cargo hubs, the size of the manufacturing and consumer markets, and regulatory environments impacting air freight operations.

The key players operating the global air freight market involves Federal Express, Cathay Pacific Airways Limited, United Parcel Service Inc., Cargolux Airlines International SA, The Emirates Group, China Airlines Ltd, Qatar Airways Company QCSC, Japan Airlines Co. Ltd., Deutsche Lufthansa AG, and All Nippon Airways Co. Ltd (ANA).