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Air Freight Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global air freight market reached a value of US$ 270.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 390.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Air freight, also known as air cargo, is a transportation mode used to deliver fast speed shipments via charter or commercial air carriers. It can be delivered globally as goods sent from consignors to consignees or sellers to buyers. Moreover, it is handled along the chain by numerous entities, such as express carriers, aircraft and postal operators, regulated agents, haulers, and ground handlers, with varying responsibilities. At present, air freight is assisting in contributing to economic development across the globe.

 

 
 

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Air Freight Market Trends:

Air freight is utilized for delivering non-perishable goods like jewelry, clothing, automotive parts, and perishable items, including fruits, vegetables, and meats, which require quick delivery. Besides this, it plays a crucial role in the distribution of vaccines through a well-established temperature-sensitive distribution system and cutting-edge technology and procedures. This, in confluence with the burgeoning aviation industry, is bolstering the growth of the market. Additionally, other modes of transportation, such as marine, rail, or road transport, generally take days or weeks to deliver different items. However, transporting goods using air freight saves time and offers a high level of security. It also requires less packaging than other transportation methods to reduce the weight limit. This, coupled with the growing popularity of consolidated air freight services, is positively influencing the market. Apart from this, key players are increasingly focusing on geographical expansions and mergers and acquisitions (M&A) to expand their customer base. This, along with the integration of the internet of things (IoT) and artificial intelligence (AI) in the air cargo supply chain and the rising import and export of goods among numerous countries worldwide, is facilitating the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global air freight market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, destination and end user.

Breakup by Service:

 

 
 

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  • Freight
  • Express
  • Mail
  • Others
     

Breakup by Destination:

  • Domestic
  • International
     

Breakup by End User:

  • Private
  • Commercial
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Airlines Inc., ANA Cargo Inc., Bolloré Logistics, Cargolux Airlines International S.A., Delta Air Lines Inc., Deutsche Bahn AG, Deutsche Post AG, DSV A/S, Expeditors International of Washington Inc., FedEx Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Nippon Express Co. Ltd., Qatar Airways and United Parcel Service Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Service, Destination, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Airlines Inc., ANA Cargo Inc., Bolloré Logistics, Cargolux Airlines International S.A., Delta Air Lines Inc., Deutsche Bahn AG, Deutsche Post AG, DSV A/S, Expeditors International of Washington Inc., FedEx Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Nippon Express Co. Ltd., Qatar Airways and United Parcel Service Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Air Freight Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Service
    6.1    Freight
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Express
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Mail
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Destination
    7.1    Domestic
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    International
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End User
    8.1    Private
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Commercial
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    American Airlines Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    ANA Cargo Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Bolloré Logistics
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    Cargolux Airlines International S.A.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Delta Air Lines Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Deutsche Bahn AG
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 SWOT Analysis
        14.3.7    Deutsche Post AG
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    DSV A/S
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Expeditors International of Washington Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    FedEx Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Hellmann Worldwide Logistics SE & Co. KG
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Kuehne + Nagel International AG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
        14.3.13    Nippon Express Co. Ltd.
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
           14.3.13.4 SWOT Analysis
        14.3.14    Qatar Airways
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio
        14.3.15    United Parcel Service Inc.
           14.3.15.1 Company Overview
           14.3.15.2 Product Portfolio
           14.3.15.3 Financials
           14.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Air Freight Market: Major Drivers and Challenges
Figure 2: Global: Air Freight Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Air Freight Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Air Freight Market: Breakup by Service (in %), 2021
Figure 5: Global: Air Freight Market: Breakup by Destination (in %), 2021
Figure 6: Global: Air Freight Market: Breakup by End User (in %), 2021
Figure 7: Global: Air Freight Market: Breakup by Region (in %), 2021
Figure 8: Global: Air Freight (Freight) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Air Freight (Freight) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Air Freight (Express) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Air Freight (Express) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Air Freight (Mail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Air Freight (Mail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Air Freight (Other Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Air Freight (Other Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Air Freight (Domestic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Air Freight (Domestic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Air Freight (International) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Air Freight (International) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Air Freight (Private) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Air Freight (Private) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Air Freight (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Air Freight (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Air Freight Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Air Freight Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Air Freight Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Air Freight Industry: SWOT Analysis
Figure 74: Global: Air Freight Industry: Value Chain Analysis
Figure 75: Global: Air Freight Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Air Freight Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Air Freight Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 3: Global: Air Freight Market Forecast: Breakup by Destination (in Million US$), 2022-2027
Table 4: Global: Air Freight Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Air Freight Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Air Freight Market: Competitive Structure
Table 7: Global: Air Freight Market: Key Players


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Key Questions Answered in This Report

The global air freight market was valued at US$ 270.3 Billion in 2021.

We expect the global air freight market to exhibit a CAGR of 5.80% during 2022-2027.

The growing demand for air freight services for quick delivery of various goods with high level of security and minimal packaging to maintain weight limits is primarily driving the global air freight market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of air freight services for distribution of the coronavirus vaccines through a well-established temperature-sensitive distribution system with cutting-edge technologies and procedures.

Based on the service, the global air freight market can be categorized into freight, express, mail, and others. Among these, freight service exhibits clear dominance in the market.

Based on the destination, the global air freight market has been segmented into domestic and international, where international destination represents the largest market share.

Based on the end user, the global air freight market can be bifurcated into private and commercial. Currently, the commercial sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global air freight market include American Airlines Inc., ANA Cargo Inc., Bolloré Logistics, Cargolux Airlines International S.A., Delta Air Lines Inc., Deutsche Bahn AG, Deutsche Post AG, DSV A/S, Expeditors International of Washington Inc., FedEx Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, Nippon Express Co. Ltd., Qatar Airways, and United Parcel Service Inc.

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