The global Air Cargo and Freight Logistics market is estimated to be valued at US$66.6 billion in 2021 and is expected to exhibit a CAGR of 10.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
The Air Cargo and Freight Logistics market refers to the transportation of goods by air, including both domestic and international cargo shipments. The market offers various advantages such as faster delivery, reduced transit time, and enhanced security compared to other modes of transportation. The increasing need for efficient logistics solutions to support the growing e-commerce industry and global trade is driving the demand for air cargo and freight services.
B) Market Key Trends:
One key trend in the air cargo and freight logistics market is the rise of e-commerce. With the increasing popularity of online shopping, the demand for fast and reliable delivery services has surged. Air cargo provides quick transportation of goods, enabling e-commerce companies to meet customer expectations for speedy delivery. For example, companies like Amazon have invested heavily in their own dedicated cargo aircraft fleet to ensure timely deliveries.
C) PEST Analysis:
- Political: Government policies and regulations regarding air cargo transportation can impact market growth. Favorable regulations that promote international trade and investments in airport infrastructure are beneficial for the market.
- Economic: Economic factors such as GDP growth, international trade, and consumer spending influence the demand for air cargo and freight services. A growing economy leads to increased trade activities and higher demand for logistics services.
- Social: Changing consumer preferences towards online shopping and same-day delivery are driving the growth of the air cargo and freight logistics market. Additionally, the pandemic has accelerated the adoption of e-commerce, further contributing to market growth.
- Technological: Advancements in technology, such as advanced tracking systems, real-time monitoring, and automation in cargo handling, are improving the efficiency of air cargo operations and enhancing customer experience.
D) Key Takeaways:
- The global air cargo and freight logistics market is expected to witness high growth, exhibiting a CAGR of 10.3% over the forecast period. This growth can be attributed to increasing demand for e-commerce and global trade.
- In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the air cargo and freight logistics market. The region is witnessing rapid economic growth, rising disposable incomes, and increasing cross-border trade, driving the demand for air cargo services.
- Key players operating in the global air cargo and freight logistics market include Bollore Logistics, Cathay Pacific Airways Limited, CEVA Logistics, Air China Ltd, Deutsche Lufthansa AG, DHL Express (Deutsche Post), FedEx Corporation, Korean Air Co., Ltd, and Singapore Airlines. These players are focusing on strategic partnerships, mergers and acquisitions, and technological advancements to gain a competitive edge in the market.
In conclusion, the global air cargo and freight logistics market is poised for significant growth due to increasing demand from the e-commerce sector and the need for efficient global trade logistics. Advancements in technology and favorable government policies further support market expansion. As Asia Pacific emerges as a key market, key players are actively seeking opportunities in this region to capitalize on the growing demand.
In this report, our team offers a comprehensive analysis of Air Cargo & Freight Logistics market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-air-cargo-and-freight-logistics-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• DB Schenker• Cathay Pacific Airlines• China Airlines• FedExoration• Bollore Group SDV• CEVA Logistics• Deutsche Post DHL• Deutsche Lufthansa• Korean Airlines• Expeditors International• Kuehne + Nagel International On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Domestic• International By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Food• Industrial Materials• Equipment• Other By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-air-cargo-and-freight-logistics-market-2020-2026 Table of Contents Global Air Cargo & Freight Logistics Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Domestic1.3.2 International1.4 Application Overview1.4.1 Food1.4.2 Industrial Materials1.4.3 Equipment1.4.4 Other1.5 Industrial Chain1.5.1 Air Cargo & Freight Logistics Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Domestic2.1.2 International2.2 The Overall Market Performance(Value)2.2.1 Domestic2.2.2 International 3 Global Air Cargo & Freight Logistics Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Food3.3 Industrial Materials3.4 Equipment3.5 Other Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/transport-and-logistics About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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