United States Air Freight Market to Grow at 3.84% During 2024-2032, Propelled by Flourishing Logistics and Transportation Industries

April 26, 2023 | Transportation and Logistics

According to the latest report by IMARC Group, titled “United States Air Freight Market Report by Service (Freight, Express, Mail, and Others), Destination (Domestic, International), End User (Private, Commercial), and Region 2024-2032”, the United States air freight market is expected to exhibit a CAGR of 3.84% during 2024-2032. Air freight is a fast-speed means of shipping shipments over long distances via airplane. A chartered and scheduled carrier ensures the safe transportation of various perishable consumer goods through this reliable shipping method. Usually, logistics and local carriers coordinate gathering and loading items from warehouses, which are then arranged onto planes. Utilizing state-of-the-art procedures and technologies, air freight is vital in delivering temperature-sensitive medications in the best conditions. For small and mid-sized companies, it presents an opportunity for more efficient and effective participation in international trade. In addition to offering a high level of security, air freight also provides tight control over cargo at airports, reducing storage requirements, and lowering the risks of product damage at low premium insurance. 

United States Air Freight Market Trends:

The market in United States is majorly driven by considerable growth in the logistics and transportation industries. This can be attributed to the escalating demand for swift delivery and secure shipping solutions among the masses. In line with this, the rising trend of online shopping with express delivery options is also acting as a significant growth-inducing factor for the market. Moreover, the rapid utilization of advanced technologies, such as cool-chain tech, e-Air waybill (eAWB), Internet of Things (IoT), artificial intelligence (AI), and automated robotic systems, are also propelling the market. The increasing popularity of consolidated airfreight service for bundling consignments from different providers to create a full load is resulting in a higher uptake of air freight across the country. The augmenting demand for effective transportation of vaccines, medicines and fragile and perishable medical goods via temperature-sensitive systems is also impacting the market positively. Furthermore, numerous mergers and acquisitions (M&As), partnerships and collaborations among the key players for the introduction of secure import and export shipment solutions are providing an impetus to the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, the shifting preference of consumers toward online retail channels, the advent of cost-effective consolidated airfreight, and extensive research and development (R&D) activities. 

Market Summary:

  • Based on the service, the market has been segmented into freight, express, mail, and others.
  • On the basis of the destination, the market has been divided into domestic and international.
  • Based on the end user, the market has been categorized into private and commercial.
  • On the geographical front, the market has been segregated into Northeast, Midwest, South, and West.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Service, Destination, End User, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
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Post-Sale Analyst Support 10-12 Weeks
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United States Air Freight Market to Grow at 3.84% During 2024-2032, Propelled by Flourishing Logistics and Transportation Industries
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