Air Cargo and Freight Logistics Market Introduction and Overview
According to SPER Market Research, the Global Air Cargo and Freight Logistics Market is estimated to reach USD 413.32 Billion by 2033 with a CAGR of 6.8%.
The report includes an in-depth analysis of the Global Air Cargo and Freight Logistics Market, including market size and trends, product mix, applications, and supplier analysis. A component of supply chain management called logistics management plans, coordinates, and executes the efficient transportation and storage of relevant data, products, and services from point of origin to point of destination in order to satisfy consumer needs. Logistics management lowers costs and improves customer service for businesses. The process of logistics management starts with the gathering of raw materials and ends with the delivery of items to their destination. The process of physically moving cargo, merchandise, and commodities by air and sea across continents is known as air cargo and freight logistics. Property and goods can be delivered by ship by water or by plane via air. It offers a number of advantages, including dependability, capacity, speed, and affordability.
Market Opportunities and Challenges
Automation and digitization transforming logistics are expanding market opportunities. The rise in e-commerce has led to significant advances in logistics, including automation and digitization. This change is advantageous for air cargo services since there is a lot of room for automation in the transportation and warehousing industry. Resources are optimised, processes are streamlined, and efficiency is increased through the use of technologies like blockchain, AI, ML, computer vision, and IoT networks. It is anticipated that the market will increase greatly as a result of this automation adoption.
Global shopping is made possible by the e-commerce sector's explosive growth, which is being driven by a rise in internet users and a wide range of product offers. Improved transport infrastructure enables businesses to use air and hybrid delivery methods to market internationally. The growing consumer demand for perishable commodities, especially those that need to be transported quickly, like food items, is predicted to fuel growth in the air cargo and freight transportation markets. All things considered, the market is expected to increase significantly during the forecast period.
However, during the course of the projection period, factors that are anticipated to impede market expansion include high import taxes implied in various nations and high air transportation costs. Furthermore, market expansion may be inhibited by some events, such as worldwide recessions, notwithstanding growth factors. Both lower consumer spending and lower manufacturing activity may result from this. Lower demand for air freight services may follow from this, especially for luxury and non-essential items. The desire for air cargo may be impacted by the price sensitivity that often occurs during economic downturns among consumers and enterprises, who also tend to favour more affordable modes of transportation.
Market Competitive Landscape
The major key players in the Global Air Cargo and Freight Logistics Market are: Air China Ltd, Bollore Logistics, Canada Air Cargo & Freight Logistics Inc, Cathay Pacific Airways Limited, CEVA Logistics, Deutsche Lufthansa AG, DHL Express (Deutsche Post), FedEx Corporation, Horizon International Cargo, Korean Air Co., Ltd, Lavin Star, Rosan Sea Air Services, Singapore Airlines, Titan Sea & Air Services, Others. Leading air cargo and freight logistics enterprises significantly contribute to market expansion by means of their investments in worldwide networks, e-commerce partnerships, new technology, infrastructure, and diverse service offerings. They prioritise sustainability, create enduring client relationships, offer tailored solutions for a range of industries, give vital assistance for international trade, and remain flexible. Additionally, their calculated mergers and acquisitions strengthen their position in the market and support the growth and resilience of the sector in the face of a continuously changing global supply chain environment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Destination Type, By Service Type, By Application
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Air China Ltd, Bollore Logistics, Canada Air Cargo & Freight Logistics Inc, Cathay Pacific Airways Limited, CEVA Logistics, Deutsche Lufthansa AG, DHL Express (Deutsche Post), FedEx Corporation, Horizon International Cargo, Korean Air Co., Ltd, Lavin Star, Rosan Sea Air Services, Singapore Airlines, Titan Sea & Air Services, Others
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COVID-19 Impact on Global Air Cargo and Freight Logistics Market
The COVID-19 pandemic has had a significant and unprecedented effect on the global market, leading to a decline in demand globally as compared to pre-pandemic levels. The market's recovery and return to its pre-pandemic form is reflected in the unexpected spike in the Compound Annual Growth Rate (CAGR). Many airlines reduced or stopped passenger flights during the epidemic, which resulted in less cargo space on their lower decks. Due to increased competition for space on cargo-only flights, airfreight charges increased as a result. More supply chain disruptions, such as labour shortages, travel restrictions, and lockdowns, led to delays and uncertainty. Although a gradual recovery is anticipated, the immediate impact of COVID-19 was primarily negative, leading to a decrease in both revenue and demand.
Key Target Audience:
- Freight Forwarders
- Airlines and Air Cargo Carriers
- Logistics and Supply Chain Companies
- E-commerce and Retail Companies
- Manufacturers and Exporters
- Importers and Distributors
- Small and Medium-sized Enterprises (SMEs)
- Others
Our in-depth analysis of the Air Cargo and Freight Logistics Market includes the following segments:
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By Destination Type:
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Domestic
International
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By Service Type:
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Express
Regular
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By Application:
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Equipment
Food
Industry Materials
Pharmaceuticals and Healthcare
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Key Topics Covered in the Report:
- Global Air Cargo and Freight Logistics Market Size (FY’2023-FY’2033)
- Overview of Global Air Cargo and Freight Logistics Market
- Segmentation of Global Air Cargo and Freight Logistics Market By Destination Type (Domestic, International)
- Segmentation of Global Air Cargo and Freight Logistics Market By Service Type (Express, Regular)
- Segmentation of Global Air Cargo and Freight Logistics Market By Application (Equipment, Food, Industry Materials, Pharmaceuticals and Healthcare, Other)
- Statistical Snap of Global Air Cargo and Freight Logistics Market
- Expansion Analysis of Global Air Cargo and Freight Logistics Market
- Problems and Obstacles in Global Air Cargo and Freight Logistics Market
- Competitive Landscape in the Global Air Cargo and Freight Logistics Market
- Impact of COVID-19 and Demonetization on Global Air Cargo and Freight Logistics Market
- Details on Current Investment in Global Air Cargo and Freight Logistics Market
- Competitive Analysis of Global Air Cargo and Freight Logistics Market
- Prominent Players in the Global Air Cargo and Freight Logistics Market
- SWOT Analysis of Global Air Cargo and Freight Logistics Market
- Global Air Cargo and Freight Logistics Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Air Cargo and Freight Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Air Cargo and Freight Logistics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Cargo and Freight Logistics Market
7. Global Air Cargo and Freight Logistics Market, By Destination Type (USD Million)
7.1. Global Air Cargo and Freight Logistics Market Value Share and Forecast, By Destination Type, 2023-2033
7.2. Domestic
7.3. International
8. Global Air Cargo and Freight Logistics Market, By Service Type (USD Million)
8.1. Global Air Cargo and Freight Logistics Market Value Share and Forecast, By Service Type, 2023-2033
8.2. Express
8.3. Regular
9. Global Air Cargo and Freight Logistics Market, By Application (USD Million)
9.1. Global Air Cargo and Freight Logistics Market Value Share and Forecast, By Application, 2023-2033
9.2. Equipment
9.3. Food
9.4. Industry Materials
9.5. Pharmaceuticals and Healthcare
9.6. Other
10. Global Air Cargo and Freight Logistics Market Forecast, 2019-2033 (USD Million)
10.1. Global Air Cargo and Freight Logistics Market Size and Market Share
11. Global Air Cargo and Freight Logistics Market, By Destination Type, 2019-2033 (USD Million)
11.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Destination Type (2019-2026)
11.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Destination Type (2027-2033)
12. Global Air Cargo and Freight Logistics Market, By Service Type, 2019-2033 (USD Million)
12.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Service Type (2019-2026)
12.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Service Type (2027-2033)
13. Global Air Cargo and Freight Logistics Market, By Application, 2019-2033 (USD Million)
13.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Application (2019-2026)
13.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Application (2027-2033)
14. Global Air Cargo and Freight Logistics Market, By Region, 2019-2033 (USD Million)
14.1. Global Air Cargo and Freight Logistics Market Size and Market Share By Region (2019-2026)
14.2. Global Air Cargo and Freight Logistics Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. Air China Ltd
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Bollore Logistics
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Canada Air Cargo & Freight Logistics Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Cathay Pacific Airways Limited
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. CEVA Logistics
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Deutsche Lufthansa AG
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. DHL Express (Deutsche Post)
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. FedEx Corporation
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Horizon International Cargo
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Rosan Sea Air Services
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Singapore Airlines
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Titan Sea & Air Services
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope