The global air cargo transportation market will reach 58.6 million tons by 2027, growing at a CAGR of 3.8% during the period 2022-2027.
SHERIDAN, WYOMING, USA, Oct. 5, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report titled “Air Cargo Transport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information about the Air Cargo Transport market report. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global air cargo transport market reached a volume of 45.5 million tons in 2021. Looking ahead, IMARC Group expects the market to reach 58.6 million tons by 2027, posting a CAGR of 3.8% in 2022-2027.
Air freight shipping represents a process in which a company acts as an intermediary between the manufacturer and several transportation services to transport the goods to the final distribution point. It includes various activities, such as warehousing, booking cargo space, consolidating cargo, filing insurance claims, preparing shipping and export documents, packing and labeling of goods, negotiation of fees, tracking of land transport, centralization of loading control, customs and security procedures, etc. Air freight shipping is used to deliver perishable and non-perishable goods including auto parts, retail products, electronics, jewelry, healthcare items, etc.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Growing demand for this technique to ease the supply chain process and enable organizations to focus on their core business activities, owing to expanding international trade, is one of the major factors driving the market air freight transport. Additionally, the growing requirement for this solution in small and medium-sized enterprises (SMEs) to manage cross-border e-commerce movements, due to the increase in online sales of consumer electronics and fashionable apparel, further increases the growth of the market. Moreover, the development of tailor-made air cargo transportation techniques by major players to meet the transportation needs of large corporations is also catalyzing the global market. Apart from this, the increase in business-to-business (B2B) transportation, owing to the growing number of automotive products, medical devices, agricultural items, and seafood, is expected to bolster the air cargo transportation market in the coming years. coming.
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Competitive landscape with key players:
The competitive landscape of the industry has also been examined along with the profiles of key players.
• Bolloré Logistics
• CEVA Logistics SA (CMA CGM SA)
• Deutsche Post AG
• DSV Panalpina A/S
• International shippers
• Hellmann Global Logistics
• Kuehne Nagel International AG
• Nippon Express
• Sinotrans Limited
Segmentation of the air freight transport market:
Our report has categorized the market based on region, type, service type, and end-use.
Market by type:
• Complete charter
• Shared charter
Market by type of service:
• Packaging and labeling
• Management of documentation and purchase orders
• Charter services
• Transport and storage
Market by end-use industry:
• Retail and FMCG
• Consumer devices
• Health care
Market by region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
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