Airfreight Market by Services (Airlines, Forwarding, Mail, and Others), Destinations (International and Domestic), Carrier Types (Freighter and Belly Cargo), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global airfreight market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing global trade, rising urbanization, growing need for air freight delivery system, and increasing freight visibility technologies & solutions.
Freight transport is a process of transporting merchandise goods, cargo, and commodities through various modes of transport. Freight transport management means developing various strategies for increasing the efficiency of commercial and freight transport. Freight transportation helps shippers to reduce the cost and to use right mode of transportation. Efficient freight transportation is very important for the economic growth and development of any country.
Air freight helps to deliver the shipments very fast for longer distance. Different strategies are needed for improving freight and commercial transport such as, fuel management, freight optimization, route planning, and order management. Freight transport helps the companies to deliver the goods quickly in less time and at a low cost. It helps to contribute in the economic development of the country.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for greater visibility and shorter transit time is projected to spur the market growth during the forecast period.
- Rapid growth of e-commerce sector is major factor propelling the market expansion.
- Difficulty in shipping and delivering goods and problem in controlling cost act as a factors that can restrict the market growth.
- Risk related to cross border transportation and congestion in trade routes are estimated to impede the market expansion.
- Rising demand of consumers for digitization offer significant opportunities for the market players.
Scope of Airfreight Market Report
The report on the global airfreight market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Global Airfreight Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Services (Airlines, Forwarding, Mail, and Others), Destinations (International and Domestic), Carrier Types (Freighter and Belly Cargo) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
DB SCHENKER; DSV Panalpina; FedEx Corporation; Nippon Express; Bollore Logistics; Deutsche Post AG; Hellman Worldwide Logistics; United Parcel Service, Inc; and The Emirates Group |
Airfreight Market Segment Insights
Airlines segment is projected to account for a large market share
Based on services, the global airfreight market is divided into airlines, forwarding, mail, and others. The airlines segment is expected to constitute a key share of the market during the forecast period owing to increasing demand for air transportation services and technological innovations in airlines industries. The developing aircrafts with the fuel efficiency and providing cost efficiency services in the industry. However, the mail segment is anticipated to expand at a rapid pace during the forecast period due to lower costs, faster delivery times, and providing better customer experience.
International segment is projected to hold a key market share
On the basis of destinations, the market is segmented into international and domestic. The international segment is expected to represent a key share of the market in the coming years due to fast services, high standard of security, and high speed for travelling long distance. On the other hand, the domestic segment is anticipated to expand at a rapid pace during the forecast period owing to fewer requirements of warehouses, track able cargo status, and rising demand for fast shipping methods.
Freighter segment is projected to constitute a major market share
In terms of carrier types, the global airfreight market is segregated into freighter and belly cargo. The freighter segment is expected to account for a key share of the market during the forecast period owing to increasing demand for safety, increased consistency, and improving customer satisfaction. However, the belly cargo segment is anticipated to expand at a rapid pace during the forecast period due to rising industry awareness regarding importance of safety, reliable to do business, and properly trained staff.
North America is expected to dominate the market
On the basis of regions, the freight transport management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to increasing digitization and rising adoption of internet of things by various industries. Many firms are going online which is increasing the retail sector in the region. US will dominate the market owing to its well-established and sustainable economy and industrial sector. However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to its increasing population it is rising the demand for freight transport.
Segments
The global airfreight market has been segmented on the basis of
Services
- Airlines
- Forwarding
- Others
Destinations
- International
- Domestic
Carrier Types
- Freighter
- Belly Cargo
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- DB SCHENKER
- DSV Panalpina
- FedEx Corporation
- Nippon Express
- Bollore Logistics
- Deutsche Post AG
- Hellman Worldwide Logistics
- United Parcel Service, Inc
- The Emirates Group
Competitive Landscape
Key players competing in the global airfreight market include DB SCHENKER; DSV Panalpina; FedEx Corporation; Nippon Express; Bollore Logistics; Deutsche Post AG; Hellman Worldwide Logistics; United Parcel Service, Inc; and The Emirates Group. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Airfreight Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Airfreight Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Airfreight Market - Supply Chain
4.5. Global Airfreight Market Forecast
4.5.1. Airfreight Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Airfreight Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Airfreight Market Absolute $ Opportunity
5. Global Airfreight Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Airfreight Market Size and Volume Forecast by Types
5.3.1. Freighter
5.3.2. Belly Cargo
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Airfreight Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Airfreight Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Airfreight Demand Share Forecast, 2019-2026
7. North America Airfreight Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Airfreight Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Airfreight Market Size and Volume Forecast by Types
7.4.1. Freighter
7.4.2. Belly Cargo
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Airfreight Demand Share Forecast, 2019-2026
8. Latin America Airfreight Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Airfreight Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Airfreight Market Size and Volume Forecast by Types
8.4.1. Freighter
8.4.2. Belly Cargo
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Airfreight Demand Share Forecast, 2019-2026
9. Europe Airfreight Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Airfreight Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Airfreight Market Size and Volume Forecast by Types
9.4.1. Freighter
9.4.2. Belly Cargo
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Airfreight Demand Share Forecast, 2019-2026
10. Asia Pacific Airfreight Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Airfreight Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Airfreight Market Size and Volume Forecast by Types
10.4.1. Freighter
10.4.2. Belly Cargo
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Airfreight Demand Share Forecast, 2019-2026
11. Middle East & Africa Airfreight Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Airfreight Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Airfreight Market Size and Volume Forecast by Types
11.4.1. Freighter
11.4.2. Belly Cargo
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Airfreight Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Airfreight Market: Market Share Analysis
12.2. Airfreight Distributors and Customers
12.3. Airfreight Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DB SCHENKER
12.4.2. DSV Panalpina
12.4.3. FedEx Corporation
12.4.4. Nippon Express
12.4.5. Bollore Logistics
12.4.6. Deutsche Post AG
12.4.7. Hellman Worldwide Logistics
12.4.8. United Parce
2. Assumptions and Acronyms Used
3. Research Methodology
4. Airfreight Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Airfreight Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Airfreight Market - Supply Chain
4.5. Global Airfreight Market Forecast
4.5.1. Airfreight Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Airfreight Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Airfreight Market Absolute $ Opportunity
5. Global Airfreight Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Airfreight Market Size and Volume Forecast by Types
5.3.1. Freighter
5.3.2. Belly Cargo
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Airfreight Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Airfreight Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Airfreight Demand Share Forecast, 2019-2026
7. North America Airfreight Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Airfreight Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Airfreight Market Size and Volume Forecast by Types
7.4.1. Freighter
7.4.2. Belly Cargo
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Airfreight Demand Share Forecast, 2019-2026
8. Latin America Airfreight Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Airfreight Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Airfreight Market Size and Volume Forecast by Types
8.4.1. Freighter
8.4.2. Belly Cargo
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Airfreight Demand Share Forecast, 2019-2026
9. Europe Airfreight Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Airfreight Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Airfreight Market Size and Volume Forecast by Types
9.4.1. Freighter
9.4.2. Belly Cargo
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Airfreight Demand Share Forecast, 2019-2026
10. Asia Pacific Airfreight Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Airfreight Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Airfreight Market Size and Volume Forecast by Types
10.4.1. Freighter
10.4.2. Belly Cargo
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Airfreight Demand Share Forecast, 2019-2026
11. Middle East & Africa Airfreight Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Airfreight Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Airfreight Market Size and Volume Forecast by Types
11.4.1. Freighter
11.4.2. Belly Cargo
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Airfreight Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Airfreight Market: Market Share Analysis
12.2. Airfreight Distributors and Customers
12.3. Airfreight Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DB SCHENKER
12.4.2. DSV Panalpina
12.4.3. FedEx Corporation
12.4.4. Nippon Express
12.4.5. Bollore Logistics
12.4.6. Deutsche Post AG
12.4.7. Hellman Worldwide Logistics
12.4.8. United Parce
The global airfreight market has been segmented on the basis of
Services
- Airlines
- Forwarding
- Others
Destinations
- International
- Domestic
Carrier Types
- Freighter
- Belly Cargo
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- DB SCHENKER
- DSV Panalpina
- FedEx Corporation
- Nippon Express
- Bollore Logistics
- Deutsche Post AG
- Hellman Worldwide Logistics
- United Parcel Service, Inc
- The Emirates Group
Key players competing in the global airfreight market include DB SCHENKER; DSV Panalpina; FedEx Corporation; Nippon Express; Bollore Logistics; Deutsche Post AG; Hellman Worldwide Logistics; United Parcel Service, Inc; and The Emirates Group. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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