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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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