NEW
YORK, May 29, 2023 /PRNewswire/ -- The air cargo
market size is set to grow by 19.52 million tons from 2022 to
2027. However, the growth momentum will be progressing at a CAGR of
5.32% during the forecast period, according to Technavio. The air
cargo market is fragmented, and the vendors are seeking strong
partnerships with automotive, industrial, and commercial companies
to compete in the market.
Air France KLM Martinair Cargo, American Airlines Inc., Bollore
Logistics, CAL Cargo Air Lines Ltd, Cargolux Airlines International
SA, Cathay Pacific Airways Ltd, China Airlines Ltd., China Southern
Airlines Co. Ltd., Delta Air Lines Inc., Deutsche Post AG, Emirates
SkyCargo, Etihad Airways PJSC, Expeditors International of
Washington Inc., FedEx Corp., IAG Cargo, Korean Air Lines Co. Ltd.,
Lufthansa Cargo, Nippon Express Holdings, Qatar Airways Cargo,
Saudi Airlines Cargo Co., and Singapore Airlines Cargo are some of
the major market participants. Discover market potential
and make informed business decisions based on qualitative and
quantitative evidence highlighted in Technavio
reports. Request a sample report
Air Cargo Market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources.
The air cargo market report covers the following
areas:
- Air Cargo Market Size
- Air Cargo Market Trends
- Air Cargo Market Industry Analysis
- Porter's Five Forces Analysis
- Customer Landscape
Market Drivers
- Increase in e-commerce sales to boost air cargo market
- Growing demand from APAC
- Rising demand from just-in-time manufacturers
Market Trends
- Expected rise in demand for temperature-sensitive products
- Rise in popularity of air cargo digitization
- Increased focus on autonomous vehicles in logistics sector
Market Challenges
- Expected rise in jet fuel prices
- Fluctuation in import and export levels
- Growth of seaborne trade as a substitute for air-borne
trade
In addition to the forecast, the report also
highlights the key opportunities by analyzing drivers, trends, and
challenges for the market, download a PDF sample
Air Cargo Market 2023-2027: Segment Analysis
- End-user
-
- Manufacturing: The market share growth by the
manufacturing segment will be significant during the forecast
period. The manufacturing industry has the highest market value
because of the automotive industry, which is a part of the
manufacturing industry.
- FMCG And Retail
- Pharmaceuticals And Chemicals
- Other Industries
- Type
-
- Geography
-
- APAC: APAC is projected to contribute 30% of market growth
by 2027. Air cargo services from APAC to countries from
North America are expected to grow
as various raw materials are shipped from APAC, where raw materials
are available at a lower cost than in other regions of the
world.
- North America
- Europe
- Middle East And Africa
- South America
The competitive scenario categorizes companies
based on various performance indicators. Some of the factors
considered include the financial performance of companies, growth
strategies, product innovations, new product launches, investments,
and growth in market share, among others Buy the
Report
Air Cargo Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist air cargo
market growth during the next five years
- Estimation of the air cargo market size and its
contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the air cargo market across APAC,
North America, Europe, Middle
East and Africa, and
South America
- Analysis of the market's competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of air cargo market vendors
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ground support equipment market is estimated to grow at a CAGR of
4.27% between 2022 and 2027. The size of the market is forecast to
increase by USD 1630.63 million.
Urban Air Mobility (UAM) Market- The urban air
mobility market is estimated to grow at a CAGR of 27.5% between
2022 and 2027. The size of the market is forecast to increase by
USD 5,280.25 million.
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Air Cargo Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2022
|
Historic
period
|
2017-2021
|
Forecast
period
|
2023-2027
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.32%
|
Market growth
2023-2027
|
19.52 mn t
|
Market
structure
|
Fragmented
|
YoY growth
2022-2023 (%)
|
4.24
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 30%
|
Key
countries
|
US, Canada, China,
Japan, India, and Germany
|
Competitive
landscape
|
Leading Vendors, Market
Positioning of Vendors, Competitive Strategies, and Industry
Risks
|
Key companies
profiled
|
Air France KLM
Martinair Cargo, American Airlines Inc., Bollore Logistics, CAL
Cargo Air Lines Ltd, Cargolux Airlines International SA, Cathay
Pacific Airways Ltd, China Airlines Ltd., China Southern Airlines
Co. Ltd., Delta Air Lines Inc., Deutsche Post AG, Emirates
SkyCargo, Etihad Airways PJSC, Expeditors International of
Washington Inc., FedEx Corp., IAG Cargo, Korean Air Lines Co. Ltd.,
Lufthansa Cargo, Nippon Express Holdings, Qatar Airways Cargo,
Saudi Airlines Cargo Co., and Singapore Airlines Cargo
|
Market
dynamics
|
Parent market analysis,
Market growth inducers and obstacles, Fast-growing and slow-growing
segment analysis, COVID 19 impact and recovery analysis and future
consumer dynamics, Market condition analysis for forecast
period
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
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counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including
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relies on Technavio's comprehensive coverage, extensive research,
and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive
positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio