Global Airfreight Market

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

  • Report ID: AL-1647
  • Author: Growth Market Reports
  • Rating: 4.7
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  • No. Of Pages: 187
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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.


Global Airfreight Market summary

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 the 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.

Attributes

Details

Report Title

Global Airfreight Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Services (Airlines, Forwarding, Mail, and Others), Destinations (International and Domestic), Carrier Types (Freighter and Belly Cargo)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

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

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.


Global Airfreight Market carrier types

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.


Global Airfreight Market region

Segments

Segments Covered in the Report
The global airfreight market has been segmented on the basis of
Services

  • Airlines
  • Forwarding
  • Mail
  • 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.

Global Airfreight Market keyplayers

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

Segments Covered in the Report
The global airfreight market has been segmented on the basis of
Services

  • Airlines
  • Forwarding
  • Mail
  • 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.

Global Airfreight Market keyplayers

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