Air Cargo Market - Technavio

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.

A recent report published by TheBusinessResearchCompany on Air Cargo Services Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Air Cargo Services Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global Air Cargo Services market.

The report covers the air cargo services market’s segments- air mail, air freight.Air Cargo Services Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.

The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.It also compares the market’s historic and forecast growth.

It covers all the regions, key developed countries and major emerging markets.

It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.

The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Digitization of systems has gained its popularity in the cargo transportation markets by easing the documentation process and provide integration and transparency.

Kenya Airways and Avianor have reached an agreement to collectively repurpose its aircraft cabins into cargo transportation on the B787.

The repurposing of this first Dreamliner has since been completed and Kenya Airways has received air worthiness approval from the Kenya Civil Aviation Authority (KCCA) and Federal Aviation Authority (FAA) and will soon begin cargo flights on the first ever repurposed certified Dreamliner in the world.https://www.logupdateafrica.com/kenya-airways-to-soon-fly-b787-preighters-to-meet-cargo-demand-air-cargo

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September 9, 2019: Sinotrans Global E-commerce Logistics Co Ltd (Sinoair) has adopted online international freight marketplace Freightos to accelerate its ebookings.

Through Freightos' WebCargo platform, shippers will be able to pull global contract rates, get dynamic pricing or request ad-hoc, receive instant booking confirmation from over 10 airlines integrated with Freightos.

The partnership aims to grow Sinoair’s online shipments to over millions annually.

As Asia’s top air freight forwarder, we take our responsibility to provide a best-in-class air cargo experience for all our customers seriously.

Freightos is our trusted partner enabling us to offer ebooking to all, something the air cargo industry has never seen before,” said Liu Xin-Yang, deputy general manager, Sinoair.

WebCargo Air offers live air cargo rate distribution and bookings between hundreds of airlines and 1,400+ forwarders.