February 14, 2019: In 2018, the global Air Cargo market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025.
This report focuses on the global Air Cargo status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Air Cargo development in United States, Europe and China.
The key players covered in this study
- China Airlines Cargo
- FedEx Express
- UPS Airlines
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- Cathay Pacific Cargo
- DHL Aviation
- Korean Air Caro
- Cargolux
- Lufthansa Cargo
- Singapore Airlines Cargo
- Emirates SkyCargo
- Air Freight and Air Mail
Market segment by Type, the product can be split into
- Air Mail
- Air Freight
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Market segment by Application, split into
- Retail
- Food and Beverages
- Pharmaceuticals and Healthcare
- Consumer Electronics
- Third Party Logistics
Market segment by Regions/Countries, this report covers
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
The study objectives of this report are:
- To analyze global Air Cargo status, future forecast, growth opportunity, key market and key players.
- To present the Air Cargo development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Air Cargo are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
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Air Cargo Market HighlightsThe growth of the global air cargo market can be attributed to the growing e-commerce industry and increasing adoption of air cargo services by the pharmaceutical and healthcare industry.
Furthermore, the rising adoption of artificial intelligence (AI) and blockchain technology in supply chain management to facilitate operations is also propelling the growth of the air cargo market.Air Cargo MarketFactors such as increasing global imports and exports and benefits offered by air cargo such as convenience, efficiency, and timely delivery are driving the market growth.
However, stringent government regulations regarding air cargo services are expected to hinder the growth of the market.The global air cargo market has been segmented based on type, service, destination, end user, and region.On the basis of type, the global air cargo market has been divided into air freight and air mail.
The air freight segment is expected to account for a larger share of the market during the forecast period and register a higher CAGR from 2019 to 2025.
Various initaitives undertaken by agencies such as IATA for making the air freight industry paperless are expected to drive the segment growth during the forecast period.
Benefits offered by air cargo service providers such as specialized packaging and coolers for storage are propelling the segment growth.Based on service, the market has been classified as express and regular.
The Business Research Company published its Air Cargo Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Air Cargo market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Air Cargo market’s segments- 1) By Type: Air Mail; Air Freight2) By Destination: Domestic; International3) By End-User: Consumer Electronics; Retail; Third Party Logistics; Food And Beverages; Pharmaceuticals And Healthcare; Others4) By Service: Express; Regular.View Complete Report: https://www.thebusinessresearchcompany.com/report/air-cargo-services-global-market-report-2020-30-covid-19-impact-and-recoveryAir Cargo Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global air cargo services market is expected to grow from $65.4 billion in 2019 to $67.4 billion in 2020 at a compound annual growth rate (CAGR) of 3.1%.
The market is then expected to recover and grow at a CAGR of 14% from 2021 and reach $95.5 billion in 2023.Digitization of systems has gained popularity in the cargo transportation markets by making the documentation process easier and providing integration and transparency.Few Points From Table Of Content1.
Market Background: Air Transportation Market22.
