Air Freight Market Global | Industry Analysis, Size & Outlook Report

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margin: 60px 0px 20px 0' class='opacity-toggle'> <div class="flex rd-heading-section rd-banner"> <div class="flex container rd-header"> <div class="flex intro-info"> <h1 class="report-title"> Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029) </h1> <p class="short-description"> The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments. </p> <div class="flex report-action-buttons">  </div> </div> <div class="purchase-report-section-desktop"> <div id="purchasesection" class="purchase-report-container"> <div class="buy-now-top-btns"> <p class='payment-discount-badge' style="display: none;"></p>  </div> <button type="button" value="Buy Now"id="clicked-on-buy-now" class='flex purchase-report-button buy-now-button'> <i style="color:#1B5B79;font-size: 20px;margin-right: 10px;" class="fa-solid fa-lock"></i> <span>Buy Now</span> </button> </div> <button class="executive-summary-button req-samplepopup main-download-samplebtn request-sample-button downloadSampleDesktopMobile" but-type="main-section-sample" data-toggle="modal" data-target="#downloadSampleModal" id="download-sample-top"> <i class="fa-solid fa-download" style="margin-right: 4px;"></i> Download Free PDF Now </button> </div> </div> <div class="bottom-shadow"></div> </div>   <div class="row breadcrumb text-center"> <a href="https://www.mordorintelligence.com" target="_blank"><span >Home</span></a> <i style="font-size: 12px;" class="fa-solid fa-chevron-right"></i> <a href="https://www.mordorintelligence.com/market-analysis" target="_blank"> <span>Market Analysis</span> </a> <i style="font-size: 12px;" class="fa-solid fa-chevron-right"></i>  <a href="https://www.mordorintelligence.com/market-analysis/logistics" target="_blank"> <span> Logistics Research </span> </a> <i style="font-size: 12px;" class="fa-solid fa-chevron-right"></i> <a href="https://www.mordorintelligence.com/market-analysis/freight-transport" target="_blank"> <span> Freight Transport Research </span> </a> <i style="font-size: 12px;" class="fa-solid fa-chevron-right"></i> <a href="https://www.mordorintelligence.com/market-analysis/air-transport" target="_blank"> <span> Air Transport Research </span> </a> <i style="font-size: 12px;" class="fa-solid fa-chevron-right"></i> <a href="https://www.Mordorintelligence.com/industry-reports/global-air-freight-market" target="_blank"> <span class="last notranslate">Air Freight Market</span> </a> </div>  <div class="fixed-bottom-div"> <button class="go-to-toc">Table of Contents</button> <button class="download-btn-mobile req-samplepopup main-download-samplebtn downloadSampleDesktopMobile" data-toggle="modal" data-target="#downloadSampleModal" id="downloadsample-mobile"> <i class="fa fa-download" aria-hidden="true"></i> Download PDF </button> </div> <div class="flex container preview-rd-page"> <nav class="rd-page-navigation"> <ul class="main-nav-list"> <li> <span onclick="scrollToY(0, 1500, 'easeInOutQuint');" class="about-report-link" style='font-family: regular_semibold;'> About This Report </span>  <ul class="about-report-menu"> <li class="nav-links-rd" onclick="scrollToComponent(0)"> Market Snapshot </li> <li class="nav-links-rd" onclick="scrollToComponent(1)"> Market Overview </li> <li class="nav-links-rd" onclick="scrollToComponent(3)"> Key Market Trends </li> <li class="nav-links-rd" onclick="scrollToComponent(5)"> Competitive Landscape </li> <li class="nav-links-rd" onclick="scrollToComponent(6)"> Major Players </li> <li class="nav-links-rd" onclick="scrollToComponent(7)"> Recent Developments </li> </ul> </li> <li class="nav-links-rd" id="clicked-on-toc" style='font-family: regular_semibold;' onclick="scrollToComponent(9)"> Table of Contents </li> <li class="nav-links-rd" style='font-family: regular_semibold; margin-top:10px' onclick="scrollToComponent(10)"> SCOPE OF THE REPORT </li> <li class="nav-links-rd" style='font-family: regular_semibold; margin-top:10px' onclick="scrollToComponent(11)"> Frequently Asked Questions </li> </ul> <button style="height: 50px;" class="static-free-sample-btn req-samplepopup main-download-samplebtn rd-nav-lead-form downloadSampleDesktopMobile" but-type="main-section-sample" data-toggle="modal" data-target="#downloadSampleModal" id="download-sample-left"> <i class="fa-solid fa-download" style="margin-right: 4px;"></i> <span style="font-size: 16px; font-family: regular_bold; font-weight: bold;" class="cta-submit">Download PDF</span> </button> </nav> <div class="page-content"> <div class="flex first-second-components"> <div class="page-content_selectBox"> <div> <h2 id="component-heading-1" class="component-heading" style="text-align: left;"> Air Freight Market Size </h2> </div> <div class="parent-child-wrap"> <select id="gamibling-select" aria-label="gamibling-select"> <option selected="" hidden="" class="gambling-option">Select Another Geography</option> <option value="/industry-reports/latin-america-air-freigh-industry" data-target="_blank" class="gambling-option" disabled style="color: rgb(0, 0, 0); font-size: 17px;"> Latin America </option> </select> </div> </div> <div id="component-1" class="flex component component-1"> <div class="market-summary-graph"> <picture title="" class="embed-code-context" oncontextmenu="sentReportDetailsToEmbedModal(`{"title":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","alt_text":"Air Freight Market (2024 - 2029)","imageDescription":"The Air Freight Market size is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029.","slug":"global-air-freight-market","image":"https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png","lang":"en"}`)" > <source type='image/webp' media="(min-width: 1500px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png"> <source type='image/webp' media="(min-width: 1220px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png"> <source type='image/webp' media="(min-width: 768px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png"> <source type='image/webp' media="(min-width: 1px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png"> <img class="rd-img market-size-graph" id="market-summary-graph-image" loading="lazy" width="300" height="390" style="object-fit: contain;" src="https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png" alt="Air Freight Market (2024 - 2029)"> </picture> </div> <div class="overview-points-list"> <div> <div class="share-button-in-rd" id="share-button" data-target="#share-modal" data-toggle="modal" onclick="sentReportDetailsToShareModal(`{"title":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","lastUpdated":"2024-09-30T13:09:30.424Z","slug":"global-air-freight-market","shortDescription":"The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments.","metaDescription":"The Air Freight Market is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029. FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in this market.","marketSizeImage":"https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png","shortTitle":"Air Freight Market","marketSnapshotUrl":"https://s3.mordorintelligence.com/production/global-air-freight-market/market-snapshot.webp","lang":"en","titleToEmbed":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","alt_text":"Air Freight Market (2024 - 2029)","imageDescription":"The Air Freight Market size is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029."}`)" > <i style="color:#1B5B79" class="fa-solid fa-arrow-up-from-bracket"></i> <span>Share</span> </div> <div role="tooltip" class="share-view-tooltip"> Want to share this? Click here to share on social media or embed it on your website. </div> </div> <table style="width: 100%;"> <tbody> <tr class="flex overview-points text"> <td class="overview-label"> Study Period </td> <td class="overview-value"> 2019 - 2029 </td> </tr> <tr class="flex overview-points text"> <td class="overview-label"> Market Size (2024) </td> <td class="overview-value"> USD 151.22 Billion </td> </tr> <tr class="flex overview-points text"> <td class="overview-label"> Market Size (2029) </td> <td class="overview-value"> USD 201.57 Billion </td> </tr> <tr class="flex overview-points text"> <td class="overview-label"> CAGR (2024 - 2029) </td> <td class="overview-value"> 5.92 % </td> </tr> <tr class="flex overview-points text"> <td class="overview-label"> Fastest Growing Market </td> <td class="overview-value"> Middle-East and Africa </td> </tr> <tr class="flex overview-points text"> <td class="overview-label"> Largest Market </td> <td class="overview-value"> Asia-Pacific </td> </tr> <tr class="flex overview-points text"> <td class="overview-label"> Market Concentration </td> <td class="overview-value"> Low </td> </tr> <tr class="flex overview-points"> <td class="flex key-player-images"> <h3 class="snapshop-logos-title">Major Players</h3> <img title="" loading="lazy" class="rd-img embed-code-context market-players" oncontextmenu="sentReportDetailsToEmbedModal(`{"title":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","alt_text":"Air Freight Market Major Players","imageDescription":"FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in the Air Freight Market.","slug":"global-air-freight-market","image":"https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1620250936891_Slide1.webp","lang":"en"}`)" src="https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1620250936891_Slide1.webp" style="object-fit: contain;" alt="Air Freight Market Major Players" width="250" height="141" /> <p class="major-player-disclaimer mt-1">*Disclaimer: Major Players sorted in no particular order</p> </td> </tr> </tbody> </table> </div> </div>  <script src="/fusion-charts/fusioncharts.js" defer></script> <script src="/fusion-charts/fusioncharts.theme.fusion.js" defer></script>  <script type="text/javascript" src="/express-js/interactive-market-chart.js" defer></script> <style> /* PAGE CTA STYLINGS */ .interactive-market-chart-banner{ display: none; 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FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in this market."},"sql_id":null,"__v":2,"slug":"global-air-freight-market","description":{"short_description":"The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments.","full_description":null},"tags":null,"template":"preview-new-e","country":"Global","geography":"Global","version":null,"new_description":[{"order":0,"heading":"Air Freight Market Size","key_factors":[{"heading":"Study Period","type":"text","value":"2019 - 2029"},{"heading":"Base Year","type":"text","value":2023},{"heading":"Market Concentration","type":"text","value":"Low"},{"heading":"Fastest Growing Market","type":"text","value":"Middle-East and Africa"},{"heading":"Largest Market","type":"text","value":"Asia-Pacific"},{"heading":"CAGR","type":"text","value":"Equal-5.92","year1":"2024","year2":"2029"},{"heading":"CAGR value","type":"text","value":"Equal-5.92","year1":"2024","year2":"2029"},{"heading":"CAGR volume","type":"text","value":"","year1":"","year2":""},{"heading":"Market Parameter","value":"market size","volume":"","market_type":"Value"},{"heading":"Market Value Year 2","type":"text","year":2029,"value":"201.57 Billion USD"},{"heading":"Market Value Current Year","type":"text","year":2024,"value":"151.22 Billion USD"},{"heading":"Market Volume Year 2","type":"text","year":"","value":""},{"heading":"Market Volume Current Year","type":"text","year":"","value":""},{"heading":"Major Players","type":"images","value":[{"url":"https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1620250936891_Slide1.webp","alt_text":"Air Freight Market Major Players","url30":null,"url50":null,"url75":null}]}],"image":[{"url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png","alt_text":"Air Freight Market (2024 - 2029)","width":null,"height":null}]},{"order":1,"heading":"Air Freight Market Analysis","description":"<p>The Air Freight Market size is estimated at USD 151.22 billion in 2024, and is expected to reach USD 201.57 billion by 2029, at a CAGR of 5.92% during the forecast period (2024-2029). </p><p>The air cargo industry faced considerable challenges in 2022, mainly due to the ongoing dispute between Russia and Ukraine, significantly reducing the volume of dedicated air cargo originating in Russia.</p>\n<p>According to the International Air Transport Association, in July 2023, the air cargo industry experienced a 20.7% increase from the previous month, maintaining steady growth since February 2023. However, compared to July 2022, the industry's cargo tonne kilometers (CTKs) decreased by 0.8%, placing it 0.3% below the July 2022 level and 3.7% lower than the pre-crisis level in 2019.</p>\n<p>Airlines demonstrated remarkable innovation and agility throughout the historical shock of the pandemic, displaying resilience during this period. The financial profitability of airlines is within reach of the industry at large despite continued pressure on cost evolution from the macroeconomic environment. Unlike other sectors, the substantial gap between jet fuel and oil prices limits airlines' ability to benefit from potential oil price declines. There was a persistent problem until 2023 due to the limited capacity of refineries. Tight labor markets direct to higher wages and unsustainable pricing power within the downstream aviation value chain were likely to persist in 2023.</p>\n<p>This version aims to enhance readability by breaking down some sentences and rephrasing certain parts for better flow while maintaining the original context and information.</p>\n<p></p>\n"},{"order":2,"heading":"Air Freight Industry Segmentation","description":"<p>Air freight transport refers to transporting goods by air from one place to another. These services are commonly used for shipments of goods that require quick and effective delivery, particularly over long distances or internationally. Compared to different modes of transport, such as sea or land, air freight has a reputation for speed and reliability.</p>\n<p>A detailed analysis of the air cargo market, covering current trends, limitations, and technological advancements, along with comprehensive information on various segments and industry competition, is covered in the report. The impact of COVID-19 has also been incorporated and considered during the study.</p>\n<p>The global air freight market is segmented by service (<a href=\"https://www.mordorintelligence.com/industry-reports/freight-forwarding-market\" target=\"_blank\">forwarding</a>, airlines, and mail), destination (domestic and international), carrier type (belly cargo and freighter), and geography (Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America). The report offers market size and forecasts for all the above segments in value (USD).</p>\n"},{"order":3,"heading":"Air Freight Market Trends","subheading":"Growing Demand For The Air Freight Market","description":"<p>The air cargo industry is the backbone of global trade, facilitating the transportation of goods and interconnecting companies worldwide. In recent years, there has been a dramatic surge in air cargo due to the growth of the global economy, evolving consumer preferences, and technological advancements. Cross-border trade is the primary driver behind the current market growth, which is expected to accelerate further in the coming years. The demand for swift and efficient international shipping intensifies as global trade escalates.</p>\n<p>In August 2023, China's Shenzhen Bao'an International Airport (SBI) experienced a twofold increase in cross-border e-commerce from January to July, anticipating further growth in the remaining five months after including freighter flights in the airport's operations. SBI successfully managed 93,000 tons of international e-commerce in seven months, marking a 101% increase compared to last year.</p>\n<p>Partner airlines Central Airlines and YunExpress introduced a second Boeing 777 freight flight in late July, a move anticipated to bolster cargo volumes significantly. This additional freighter aims to expand the airlines' service from three to six weekly flights connecting Shenzhen and Paris.</p>\n<p>April 2023 witnessed the introduction of new features in digital air cargo marketplaces, allowing logistics companies overseeing imports to promptly book export shipments from agents in other countries. This development eliminates the previously time-consuming process of sourcing quotes via phone or email.</p>\n<p>Cargo.One announced an upgrade targeting easier booking for freight forwarders seeking overseas bookings with partners, eliminating the need for a third party to execute the booking.</p>\n<p>WebCargo, a part of the Freightos companies, disclosed that air freight wholesale distributors in China can now sell space directly to freight agents, akin to airline partners.</p>\n<p>Third-party platforms, exemplified by CargoAi, enable airlines to vend their capacity in a unified platform, empowering forwarders to compare live rates and availability while electronically booking shipments, similar to how travelers shop for air seats, hotels, and rental cars online using platforms like Kayak and Priceline.</p>\n<p></p>\n","image":[{"s3_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","alt_text":"Air Freight Market: Cross-border B2C e-commerce: in USD billion, 2021 and 2030","reseller_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-reseller-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","width":null,"height":null}],"modal_heading":"Cross-border B2C e-commerce: in USD billion, 2021 and 2030","graph_type":"bar","modal_metric":"USD Billion","source":"Industry Association","labels":true,"HOT_DATA":[[null,null],["2021","785"],["2030","7,938"]]},{"order":4,"subheading":"E-commerce Growth Creating Great Opportunities For The Air Freight Industry","description":"<p>The explosive surge of e-commerce during the pandemic rendered its future trajectory unpredictable. This online shopping phenomenon has become a global norm as consumers worldwide embrace the convenience of digital transactions. IATA reports that 80% of international e-commerce relies on air transport, significantly streamlining cross-border shopping with enhanced efficiency, security, and transparency. Projections anticipate a substantial expansion in the e-commerce sector, potentially soaring to USD 4.4 trillion by 2026.</p>\n<p>Logistics, widespread mobile device ownership, and marketplace expansions are pivotal factors that fuel this anticipated growth. Moreover, this expansion is not confined solely to new regions but encompasses areas where online shopping has already entrenched itself, underscoring the crucial role of logistics. The air cargo industry, boasting global networks, adaptable capacity, and digitalization initiatives, stands well-equipped to bolster e-commerce growth. These initiatives promise to augment operational efficiency and shipment visibility throughout transit.</p>\n<p>As the global e-commerce landscape burgeons, strategic partnerships, cutting-edge technologies, and robust infrastructures will dominate the air cargo arena, ensuring visibility, flexibility, and swiftness at each journey stage. Delta Cargo announced in February 2024 that it launched a new product called DeliverDirect, developed jointly with SmartKargo. With various service innovations enabling customers to modify their preferences, the DeliverDirect offer can meet shippers' specific needs.</p>\n<p></p>\n","image":[{"s3_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","alt_text":"Air Freight Market:Total retail e-commerce revenue: in USD billion, by region, 2023","reseller_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-reseller-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","width":null,"height":null}],"modal_heading":"Total retail e-commerce revenue: in USD billion, by region, 2023","graph_type":"bar","modal_metric":"In USD Billion","source":"Industry Association","labels":true,"HOT_DATA":[[null,null],["Asia","1,664"],["Americas","889.1"],["Europe","533"],["Australia & Oceania","36.79"],["Africa","31.18"]]},{"order":5,"heading":"Air Freight Industry Overview","description":"<p>The air freight industry is moderately fragmented, with dominant players operating across multiple regions worldwide. The increasing demand for air freight transportation services presents new challenges to cargo providers. Airlines must prioritize implementing fuel-efficient solutions and embracing innovative technologies to offer cost-effective services.</p>\n<p>For instance, companies like Lufthansa Cargo have invested in digital capabilities, such as their e-booking system, and aim to make their booking systems accessible through Application Programming Interfaces (APIs), providing inventory accessibility to others.</p>\n<p>However, regulatory disputes (such as the US-China trade war), anti-national activities, and the COVID-19 pandemic significantly disrupted the air freight industry. This disruption led to the cancellation of numerous flights due to safety concerns and a decrease in passenger numbers.</p>\n<p>To support the warehousing requirements of goods transported through airports, special economic zones (SEZs), free trade zones (FTZs), and bonded warehouses are expected to play a crucial role.</p>\n<p></p>\n","image":[{"url":"https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp","alt_text":"Air Freight Market Concentration"}]},{"order":6,"heading":"Air Freight Market Leaders","list":{"type":"COMPANIES","value":[{"title":"FedEx (Federal Express) Corporation","redirect_url":null},{"title":"United Parcel Service Inc.","redirect_url":null},{"title":"The Emirates Group","redirect_url":null},{"title":"Cathay Pacific Airways Limited ","redirect_url":"https://www.example.com"},{"name":"","link":"","redirect_url":"https://www.example.com","title":"Cargolux Airlines International Sa "}]}},{"order":7,"heading":"Air Freight Market News","description":"<ul><li>December 2023: Aerovision Technology Limited, ATL, and Hong Kong Air Cargo Terminals Limited agreed to install ATL's proprietary intelligent cargo temperature detection system in appropriate locations within Hactl's SuperTerminal 1. To cope with the increasing volume of hazardous air cargo and to mitigate the risk of fire, it will further enhance the safety and reliability of cargo inspections.</li><li>October 2023: A new cargo development agreement, doubling the capacity between China and Bournemouth, signed by Cargo First, the air freight business at Bournemouth Airport. The service is provided by European Cargo, based in Bournemouth, using its fleet of 76-tonne A-340 all-cargo freighters.</li><li>May 2023: FedEx launched FedEx Sustainability Insights for customer emissions tracking. This cloud-based engine uses near-real-time FedEx network data to estimate CO2e emissions for individual tracking numbers and FedEx.com accounts.</li><li>May 2023: FedEx Express improved its international delivery services to cater to customers' increasing demand for dependable and diverse services in Asia-Pacific. Customers can now access FedEx International Economy (IE) services connecting Asia-Pacific to 170 markets worldwide.</li></ul>"},{"order":8,"heading":"Market Statistics","description":"","sections":[]}],"new_toc":[{"text":"INTRODUCTION","parent":null,"tags":[],"list":[{"text":"Study Deliverables","parent":null,"tags":[],"list":[],"location":"0_0"},{"text":"Study Assumptions","parent":null,"tags":[],"list":[],"location":"0_1"},{"text":"Scope of the Study","parent":null,"tags":[],"list":[],"location":"0_2"}],"location":"0"},{"text":"RESEARCH METHODOLOGY","parent":null,"tags":[],"list":[],"location":"1"},{"text":"EXECUTIVE SUMMARY","parent":null,"tags":[],"list":[],"location":"2"},{"text":"MARKET INSIGHTS","parent":null,"tags":[],"list":[{"text":"Market Overview","parent":null,"tags":[],"list":[],"location":"3_0"},{"text":"Industry Policies and Regulations","parent":null,"tags":[],"list":[],"location":"3_1"},{"text":"Technology Snapshot and Digital Trends","parent":null,"tags":[],"list":[],"location":"3_2"},{"text":"Value Chain / Supply Chain Analysis","parent":null,"tags":[],"list":[],"location":"3_3"},{"text":"Elaboration on Air Freight Rates","parent":null,"tags":[],"list":[],"location":"3_4"},{"text":"Spotlight on Heavy Cargo/Project Logistics in the Air Cargo Industry","parent":null,"tags":[],"list":[],"location":"3_5"},{"text":"Insights into Key Ground Handling Equipment in Airports","parent":null,"tags":[],"list":[],"location":"3_6"},{"text":"Review and Commentary on Standards and Regulations on the Safe Transport of Dangerous Goods","parent":null,"tags":[],"list":[],"location":"3_7"},{"text":"Brief on Cold Chain Logistics in the Air Cargo Sector","parent":null,"tags":[],"list":[],"location":"3_8"}],"location":"3"},{"text":"MARKET DYNAMICS","parent":null,"tags":[],"list":[{"text":"Market Drivers","parent":null,"tags":[],"list":[{"text":"Increasing Global Trade","parent":null,"tags":[],"list":[],"location":"4_0_0"},{"text":"Growth of E-commerce","parent":null,"tags":[],"list":[],"location":"4_0_1"}],"location":"4_0"},{"text":"Market Restraints","parent":null,"tags":[],"list":[{"text":"High Operational Costs","parent":null,"tags":[],"list":[],"location":"4_1_0"},{"text":"Capacity Constraints","parent":null,"tags":[],"list":[],"location":"4_1_1"}],"location":"4_1"},{"text":"Market Opportunities","parent":null,"tags":[],"list":[{"text":"Increasing Demand for Perishable Goods","parent":null,"tags":[],"list":[],"location":"4_2_0"},{"text":"The Emergence of New Markets on the Globe","parent":null,"tags":[],"list":[],"location":"4_2_1"}],"location":"4_2"},{"text":"Industry Attractiveness - Porter's Five Forces Analysis","parent":null,"tags":[],"list":[{"text":"Threat of New Entrants","parent":null,"tags":[],"list":[],"location":"4_3_0"},{"text":"Bargaining Power of Buyers/Consumers","parent":null,"tags":[],"list":[],"location":"4_3_1"},{"text":"Bargaining Power of Suppliers","parent":null,"tags":[],"list":[],"location":"4_3_2"},{"text":"Threat of Substitute Products","parent":null,"tags":[],"list":[],"location":"4_3_3"},{"text":"Intensity of Competitive Rivalry","parent":null,"tags":[],"list":[],"location":"4_3_4"}],"location":"4_3"}],"location":"4"},{"text":"MARKET SEGMENTATION","parent":null,"tags":[],"list":[{"text":"By Service","parent":null,"tags":[],"list":[{"text":"Forwarding","parent":null,"tags":[],"list":[],"location":"5_0_0"},{"text":"Airlines","parent":null,"tags":[],"list":[],"location":"5_0_1"},{"text":"Mail","parent":null,"tags":[],"list":[],"location":"5_0_2"}],"location":"5_0"},{"text":"By Destination","parent":null,"tags":[],"list":[{"text":"Domestic","parent":null,"tags":[],"list":[],"location":"5_1_0"},{"text":"International","parent":null,"tags":[],"list":[],"location":"5_1_1"}],"location":"5_1"},{"text":"By Carrier Type","parent":null,"tags":[],"list":[{"text":"Belly Cargo","parent":null,"tags":[],"list":[],"location":"5_2_0"},{"text":"Freighter","parent":null,"tags":[],"list":[],"location":"5_2_1"}],"location":"5_2"},{"text":"By Geography","parent":null,"tags":[],"list":[{"text":"Asia-Pacific","parent":null,"tags":[],"list":[{"text":"China","parent":null,"tags":[],"list":[],"location":"5_3_0_0"},{"text":"Japan","parent":null,"tags":[],"list":[],"location":"5_3_0_1"},{"text":"India","parent":null,"tags":[],"list":[],"location":"5_3_0_2"},{"text":"South Korea","parent":null,"tags":[],"list":[],"location":"5_3_0_3"},{"text":"Rest of Asia-Pacific","parent":null,"tags":[],"list":[],"location":"5_3_0_4"}],"location":"5_3_0"},{"text":"North America","parent":null,"tags":[],"list":[{"text":"United States","parent":null,"tags":[],"list":[],"location":"5_3_1_0"},{"text":"Canada","parent":null,"tags":[],"list":[],"location":"5_3_1_1"}],"location":"5_3_1"},{"text":"Europe","parent":null,"tags":[],"list":[{"text":"United Kingdom","parent":null,"tags":[],"list":[],"location":"5_3_2_0"},{"text":"Germany","parent":null,"tags":[],"list":[],"location":"5_3_2_1"},{"text":"France","parent":null,"tags":[],"list":[],"location":"5_3_2_2"},{"text":"Russia","parent":null,"tags":[],"list":[],"location":"5_3_2_3"},{"text":"Rest of Europe","parent":null,"tags":[],"list":[],"location":"5_3_2_4"}],"location":"5_3_2"},{"text":"Middle East and Africa","parent":null,"tags":[],"list":[{"text":"Saudi Arabia","parent":null,"tags":[],"list":[],"location":"5_3_3_0"},{"text":"United Arab Emirates","parent":null,"tags":[],"list":[],"location":"5_3_3_1"},{"text":"Qatar","parent":null,"tags":[],"list":[],"location":"5_3_3_2"},{"text":"South Africa","parent":null,"tags":[],"list":[],"location":"5_3_3_3"},{"text":"Rest of Middle East and Africa","parent":null,"tags":[],"list":[],"location":"5_3_3_4"}],"location":"5_3_3"},{"text":"Latin America","parent":null,"tags":[],"list":[{"text":"Brazil","parent":null,"tags":[],"list":[],"location":"5_3_4_0"},{"text":"Mexico","parent":null,"tags":[],"list":[],"location":"5_3_4_1"},{"text":"Argentina","parent":null,"tags":[],"list":[],"location":"5_3_4_2"},{"text":"Colombia","parent":null,"tags":[],"list":[],"location":"5_3_4_3"},{"text":"Rest of Latin America","parent":null,"tags":[],"list":[],"location":"5_3_4_4"}],"location":"5_3_4"}],"location":"5_3"}],"location":"5"},{"text":"COMPETITIVE LANDSCAPE","parent":null,"tags":[],"list":[{"text":"Market Concentration Overview","parent":null,"tags":[],"list":[],"location":"6_0"},{"text":"Company Profiles","parent":null,"tags":[],"list":[{"text":"FedEx (Federal Express) Corporation","parent":null,"tags":[],"list":[],"location":"6_1_0"},{"text":"The Emirates Group","parent":null,"tags":[],"list":[],"location":"6_1_1"},{"text":"Cathay Pacific Airways Limited","parent":null,"tags":[],"list":[],"location":"6_1_2"},{"text":"Cargolux Airlines International SA","parent":null,"tags":[],"list":[],"location":"6_1_3"},{"text":"China Airlines Ltd","parent":null,"tags":[],"list":[],"location":"6_1_4"},{"text":"Japan Airlines Co. Ltd","parent":null,"tags":[],"list":[],"location":"6_1_5"},{"text":"Qatar Airways Company QCSC","parent":null,"tags":[],"list":[],"location":"6_1_6"},{"text":"Deutsche Lufthansa AG","parent":null,"tags":[],"list":[],"location":"6_1_7"},{"text":"All Nippon Airways Co. Ltd (ANA)","parent":null,"tags":[],"list":[],"location":"6_1_8"},{"text":"International Consolidated Airlines Group SA","parent":null,"tags":[],"list":[],"location":"6_1_9"},{"text":"Magma Aviation Limited","parent":null,"tags":[],"list":[],"location":"6_1_10"},{"text":"Deutsche Post DHL","parent":null,"tags":[],"list":[],"location":"6_1_11"},{"text":"United Airlines","parent":null,"tags":[],"list":[],"location":"6_1_12"},{"text":"American Airlines","parent":null,"tags":[],"list":[],"location":"6_1_13"},{"text":"Delta Airlines","parent":null,"tags":[],"list":[],"location":"6_1_14"},{"text":"Gol Airlines","parent":null,"tags":[],"list":[],"location":"6_1_15"},{"text":"Azul Airlines","parent":null,"tags":[],"list":[],"location":"6_1_16"},{"text":"LATAM Airlines","parent":null,"tags":[],"list":[],"location":"6_1_17"},{"text":"Copa Airlines","parent":null,"tags":[],"list":[],"location":"6_1_18"},{"text":"AirBridgeCargo Airlines","parent":null,"tags":[],"list":[],"location":"6_1_19"},{"text":"Cargojet Inc.*","parent":null,"tags":[],"list":[],"location":"6_1_20"}],"location":"6_1"},{"text":"Other Companies","parent":null,"tags":[],"list":[],"location":"6_2"}],"location":"6"},{"text":"MARKET OPPORTUNITIES AND FUTURE TRENDS","parent":null,"tags":[],"list":[],"location":"7"},{"text":"APPENDIX","parent":null,"tags":[],"list":[{"text":"Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of the Transport and Storage Sector to Economy)","parent":null,"tags":[],"list":[],"location":"8_0"},{"text":"External Trade Statistics - Exports and Imports, by Product","parent":null,"tags":[],"list":[],"location":"8_1"},{"text":"Insights into the Key Export Destinations and Import Origin Countries","parent":null,"tags":[],"list":[],"location":"8_2"}],"location":"8"}],"related_ic":null,"report_mode":"new","related_tags":["report_snapshot","Show in digitizer","news_snapshot","report_news_page","market_size_snapshot","market_trends_snapshot","sticky_form","companies_snapshot","market_share_snapshot","discount_with_price"],"promo_code":7,"price_set_by_admin":true,"primary_keyword":"AIR FREIGHT INDUSTRY","reseller":{"reseller_page_numbers":250,"reseller_days_required":2,"reseller_marked_for_exports":true},"short_title":"Air Freight Market","parent_slug":"global-airfreight-market-industry","faqs":[{"question":"How big is the Air Freight Market?","answer":"The Air Freight Market size is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029."},{"question":"What is the current Air Freight Market size?","answer":"In 2024, the Air Freight Market size is expected to reach USD 151.22 billion."},{"question":"Who are the key players in Air Freight Market?","answer":"FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in the Air Freight Market."},{"question":"Which is the fastest growing region in Air Freight Market?","answer":"Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029)."},{"question":"Which region has the biggest share in Air Freight Market?","answer":"In 2024, the Asia-Pacific accounts for the largest market share in Air Freight Market."},{"question":"What years does this Air Freight Market cover, and what was the market size in 2023?","answer":"In 2023, the Air Freight Market size was estimated at USD 142.27 billion. The report covers the Air Freight Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Freight Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029."},{"question":"What is the impact of e-commerce on the Air Freight Market?","answer":"E-commerce has had a significant and transformative impact on the Air Freight Market, acting as a major driver of its growth and shaping its future landscape."},{"question":"What are the upcoming trends in the Air Freight Industry?","answer":"The upcoming trends in the Air Freight Industry are A) The growing utilization of Artificial Intelligence and Machine Learning tools to enhance logistics and supply chain operations b) Growing demand for swift and efficient international shipping intensifies"}],"bestseller":false,"hub_id":null,"seo_text":"The global air freight market is anticipated to witness substantial growth, driven by the increasing demand for efficient and fast transportation of goods across borders. This market growth is further fueled by the significant expansion in the e-commerce industry and the rising import and export activities among various countries worldwide. The market is undergoing a technological transformation, evolving from the traditional use of old mainframe systems to more adaptable interfaces employed for various processes. The adoption of cool-chain technology, robotics, automated systems, artificial intelligence (AI), Big Data, deep learning, IoT, and augmented and virtual reality across several operations is expected to bolster the market growth.<br><br>The market segmentation is based on service, destination, end-use, and region. The service segment is divided into freight, express, mail, and other services. Depending on the destination, the market is bifurcated into domestic and international, while by end-use, it is fragmented into private and commercial. The high costs associated with air freight solutions may pose a challenge to this growth.<br><br>Industry analysis indicates a positive industry outlook with significant market growth. The industry reports highlight various industry trends and market predictions. The market leaders are leveraging market data to enhance their market value and market segmentation strategies. A comprehensive market overview and market review reveal the market's potential, with market forecast and market predictions pointing towards sustained growth.<br><br>The industry information and industry statistics provide insights into the industry size and industry sales, emphasizing the market's robustness. The market outlook suggests continued expansion, supported by industry research and industry reports. The report example available as a report PDF download offers detailed insights and a historical overview, along with market forecast outlooks.<br><br>In summary, the global air freight market is poised for growth, driven by technological advancements and the increasing demand for fast and efficient goods transportation. The market data, market segmentation, and industry trends underscore the market's potential, with industry leaders capitalizing on these opportunities to drive market value and growth.","related_reports_updated":{"sub_categories":[{"short_title":"Europe Less-Than Container Load Market","slug":"europe-less-than-container-load-lcl-market","id":91622,"score":4,"hash_url":"6b1d5bb0462cc2ebe3b66e49ea3001c1"},{"short_title":"Jordan Freight and Logistics Market","slug":"jordan-freight-and-logistics-market","id":71154,"score":2,"hash_url":"6b314a8a360b693760b4c36bfaef5769"},{"slug":"malaysia-road-freight-transport-market","short_title":"Malaysia Road Freight Transport Market","id":92377,"score":1,"hash_url":"6c1c57da31353e2fb7d6393cab2fbab0"},{"slug":"mexico-road-freight-transport-market","short_title":"Road Freight Market","id":90813,"score":1,"hash_url":"7029fdeae94d2e50c7306b2f83ca7c98","seo_link_text":"Road Freight Market"},{"id":51886,"slug":"myanmar-freight-and-logistics-market","short_title":"Myanmar Freight and Logistics Market","score":2,"hash_url":"713fa2781b94d03566323703a0e83caa"}],"categories":[{"short_title":"Russia Courier, Express, and Parcel (CEP) Market","slug":"russia-courier-express-and-parcel-market","id":71430,"score":4,"hash_url":"66b04cc9ef562347899e438033fe70f6"},{"slug":"united-states-reverse-logistics-market","id":66148,"short_title":"US Reverse Logistics Market","score":3,"hash_url":"6a33fcf7061e525f43c3738bfbf8237d"},{"slug":"courier-express-and-parcel-cep-market","id":65384,"short_title":"CEP Market","score":1,"hash_url":"6ed6ac5827d6e2e1f67c135f7a26594e","seo_link_text":"CEP Market"},{"slug":"gcc-contract-logistics-market","id":66596,"short_title":"GCC Contract Logistics Market","score":1,"hash_url":"8fe82df7e1260140c48c1aeed621bda7","seo_link_text":"GCC Contract Logistics Market"},{"slug":"global-3pl-market","id":65998,"short_title":"3PL Market","score":1,"hash_url":"98483f7d257badbdcfde76af1bba8a85","seo_link_text":"3PL Market"}],"other_reports":[{"short_title":"United States Hydropower Market","slug":"usa-hydropower-market","id":90575,"score":3,"hash_url":"643206a48b48dd50f290df731f7f6754"},{"short_title":"Europe Aircraft MRO Market","slug":"europe-aircraft-mro-market","id":70065,"score":2,"hash_url":"6439fb5916d763e93876314b2676d804","seo_link_text":"Europe Aircraft MRO Market"},{"slug":"portable-ultrasound-bladder-scanner-market","id":67821,"short_title":"Portable Ultrasound Bladder Scanner Market","score":2,"hash_url":"643d7370f5948e1d1e7c1b6b291067c6"},{"id":51231,"slug":"uae-diagnostic-imaging-equipment-market-industry","short_title":"United Arab Emirates Diagnostic Imaging Equipment Market","score":1,"hash_url":"645f97da694a926e1cdaf577015a9d64"},{"short_title":"Fiber Reinforced Polymer Market","slug":"fiber-reinforced-polymer-frp-composites-market","id":69250,"score":2,"hash_url":"6462a00c29780e6b8be75ec52636ecf3","seo_link_text":"Fiber Reinforced Polymer Market"}]},"faqs_heading":"Air Freight Market Research Faqs","htags_updated":true,"related_reports_heading":"Related Reports","toc_heading":"Air Freight Market Report - Table of Contents","score":1,"hash_url":"642a92353703e09e4c2ca34b9186cfac","seo_text_heading":"Air Freight Industry Report","reseller_graph_updated":true,"company_keywords":"FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Japan Airlines Co. Ltd, All Nippon Airways Co. Ltd (ANA)","last_mod_timestamp":"2024-09-30T13:09:30.424Z","manual_market_size":true,"countries_covered":"","regions_covered":"Asia Pacific, North America, Europe, Middle East and Africa, Latin America","category_ids":[72,72602,2000014],"all_countries":"China, Japan, India, South Korea, United States, Canada, United Kingdom, Germany, France, Russia, Saudi Arabia, United Arab Emirates, Qatar, South Africa, Brazil, Mexico, Argentina, Colombia","breadcrumb_link_text":"Air Freight Market","category_link_text":"Air Freight Market","htags_title":"Air Freight","plural_title":"Air Freight","secondary_keyword1":null,"secondary_keyword2":null,"seo_link_text":"Air Freight Market","seo_text_title":"Air Freight Market","singluar_title":"Air Freight","title_abbreviated_version":"Air Freight","title_unabbreviated_version":"Air Freight","faq_title":"Air Freight Market","market_snapshot_url":"https://s3.mordorintelligence.com/production/global-air-freight-market/market-snapshot.webp","market_snapshot_url_reseller":"https://s3.mordorintelligence.com/global-air-freight-market/market-snapshot.webp","related_reports_new_links":[{"slug":"data-loss-prevention-market","id":63673,"short_title":"Data Loss Prevention Market","score":1,"hash_url":"053c7d7abeaffac4ca79161bb401768e","seo_link_text":"Data Loss Prevention Market"},{"short_title":"India Events & Exhibition Market","slug":"event-and-exhibition-market-india","id":72402,"score":2,"hash_url":"0542f712b9c8d913e83f3fb40ecab3a4","seo_link_text":"India Events & Exhibition Market"},{"id":50263,"slug":"global-feed-additives-market-industry","short_title":"Animal Feed Additives Market","score":2,"hash_url":"0581aa19300f0203cb2db5c4f9dde1b7","seo_link_text":"Animal Feed Additives Market"},{"id":49397,"slug":"sesame-seeds-market","short_title":"Sesame Seeds Market","score":1,"hash_url":"059846667cdd0d1641fbf9e2ff32ee18","seo_link_text":"Sesame Seeds Market"},{"id":50625,"slug":"residential-real-estate-market-in-germany","short_title":"Residential Real Estate Market in Germany","score":1,"hash_url":"05bf4acf05fc571bd01ea5e9f8560ea4","seo_link_text":"Residential Real Estate Market in Germany"},{"id":50459,"slug":"united-states-coffee-market","short_title":"US Coffee Market","score":1,"hash_url":"05f1261a749c7d4c2462cb62c61ba666","seo_link_text":"US Coffee Market"},{"id":55767,"slug":"battery-management-system-market","short_title":"Battery Management System Market","score":1,"hash_url":"06427d926e315d813e9e86b31355eee0","seo_link_text":"Battery Management System Market"},{"id":46977,"slug":"meal-replacement-products-market","short_title":"Meal Replacement Products Market","score":1,"hash_url":"014664179d2b0a25a373600a1d01f894","seo_link_text":"Meal Replacement Products Market"},{"slug":"medical-equipment-maintenance-market","id":67947,"short_title":"Medical Equipment Maintenance Market","score":3,"hash_url":"01879ca8ed87808a84502b4b5bd14794","seo_link_text":"Medical Equipment Maintenance Market"},{"id":48164,"slug":"italy-wound-care-management-devices-market","short_title":"Italy Wound Care Market","score":1,"hash_url":"02049974ed4b331946c46f1daed1316b","seo_link_text":"Italy Wound Care Market"}],"major_players_companies":"FedEx (Federal Express) Corporation;United Parcel Service Inc.;The Emirates Group;Cathay Pacific Airways Limited;Cargolux Airlines International Sa","toc_companies":"FedEx (Federal Express) Corporation;The Emirates Group;Cathay Pacific Airways Limited;Cargolux Airlines International SA;China Airlines Ltd;Japan Airlines Co. Ltd;Qatar Airways Company QCSC;Deutsche Lufthansa AG;All Nippon Airways Co. Ltd (ANA);International Consolidated Airlines Group SA;Magma Aviation Limited;Deutsche Post DHL;United Airlines;American Airlines;Delta Airlines;Gol Airlines;Azul Airlines;LATAM Airlines;Copa Airlines;AirBridgeCargo Airlines;Cargojet Inc.*","auto_generated_text":true,"autogenerated_faqs_length":6,"gpt_output":false,"related_reports":[66554,46708,90823],"singular_title":"Air Freight","text_optimization":false,"base_year_data":"142.27 Billion USD","update_flag":true,"country_reports":[],"first_published":"2018-02-21T15:57:42.623Z","global_report":null,"is_major_revamp":false,"is_toc_changed":false,"regional_reports":[],"revamp_count":{"2024":1},"title_tags":"","category_name":"Logistics","category_slug":"logistics","sub_category_name":"Freight Transport","sub_category_slug":"freight-transport"}; window.category = {"title":"Logistics","slug":"logistics","id":72}; window.subCategoriesList = [{"title":"Freight Transport","id":602},{"title":"Freight Transportation Arrangement","id":603},{"title":"Courier Express Parcel","id":604},{"title":"Integrated Logistics","id":605},{"title":"Cold Chain Logistics","id":606},{"title":"Customers of Logistics Services","id":608},{"title":"Postal Services","id":609},{"title":"Logistics Support Services","id":610}]; </script> </div>  <div id="component-2" class="component component-2"> <h2 class="component-heading"> Air Freight Market Analysis </h2> <p>The Air Freight Market size is estimated at USD 151.22 billion in 2024, and is expected to reach USD 201.57 billion by 2029, at a CAGR of 5.92% during the forecast period (2024-2029). </p><p>The air cargo industry faced considerable challenges in 2022, mainly due to the ongoing dispute between Russia and Ukraine, significantly reducing the volume of dedicated air cargo originating in Russia.</p> <p>According to the International Air Transport Association, in July 2023, the air cargo industry experienced a 20.7% increase from the previous month, maintaining steady growth since February 2023. However, compared to July 2022, the industry's cargo tonne kilometers (CTKs) decreased by 0.8%, placing it 0.3% below the July 2022 level and 3.7% lower than the pre-crisis level in 2019.</p> <p>Airlines demonstrated remarkable innovation and agility throughout the historical shock of the pandemic, displaying resilience during this period. The financial profitability of airlines is within reach of the industry at large despite continued pressure on cost evolution from the macroeconomic environment. Unlike other sectors, the substantial gap between jet fuel and oil prices limits airlines' ability to benefit from potential oil price declines. There was a persistent problem until 2023 due to the limited capacity of refineries. Tight labor markets direct to higher wages and unsustainable pricing power within the downstream aviation value chain were likely to persist in 2023.</p> <p>This version aims to enhance readability by breaking down some sentences and rephrasing certain parts for better flow while maintaining the original context and information.</p> <p></p> </div>  <div id="component-4" class="component component-4"> <h2 class="component-heading"> Air Freight Market Trends </h2> <h3 class="component-subheading"> Growing Demand For The Air Freight Market </h3> <div class="component-5-subheading-desc"> <p>The air cargo industry is the backbone of global trade, facilitating the transportation of goods and interconnecting companies worldwide. In recent years, there has been a dramatic surge in air cargo due to the growth of the global economy, evolving consumer preferences, and technological advancements. Cross-border trade is the primary driver behind the current market growth, which is expected to accelerate further in the coming years. The demand for swift and efficient international shipping intensifies as global trade escalates.</p> <p>In August 2023, China's Shenzhen Bao'an International Airport (SBI) experienced a twofold increase in cross-border e-commerce from January to July, anticipating further growth in the remaining five months after including freighter flights in the airport's operations. SBI successfully managed 93,000 tons of international e-commerce in seven months, marking a 101% increase compared to last year.</p> <p>Partner airlines Central Airlines and YunExpress introduced a second Boeing 777 freight flight in late July, a move anticipated to bolster cargo volumes significantly. This additional freighter aims to expand the airlines' service from three to six weekly flights connecting Shenzhen and Paris.</p> <p>April 2023 witnessed the introduction of new features in digital air cargo marketplaces, allowing logistics companies overseeing imports to promptly book export shipments from agents in other countries. This development eliminates the previously time-consuming process of sourcing quotes via phone or email.</p> <p>Cargo.One announced an upgrade targeting easier booking for freight forwarders seeking overseas bookings with partners, eliminating the need for a third party to execute the booking.</p> <p>WebCargo, a part of the Freightos companies, disclosed that air freight wholesale distributors in China can now sell space directly to freight agents, akin to airline partners.</p> <p>Third-party platforms, exemplified by CargoAi, enable airlines to vend their capacity in a unified platform, empowering forwarders to compare live rates and availability while electronically booking shipments, similar to how travelers shop for air seats, hotels, and rental cars online using platforms like Kayak and Priceline.</p> <p></p> </div> <div class="img-section"> <picture title="" class="embed-code-context" oncontextmenu="sentReportDetailsToEmbedModal(`{"title":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","alt_text":"Air Freight Market: Cross-border B2C e-commerce: in USD billion, 2021 and 2030","imageDescription":"The air cargo industry is the backbone of global trade, facilitating the transportation of goods and interconnecting companies worldwide. In recent years, there has been a dramatic surge in air cargo due to the growth of the global economy, evolving consumer preferences, and technological advancements. Cross-border trade is the primary driver behind the current market growth, which is expected to accelerate further in the coming years. The demand for swift and efficient international shipping intensifies as global trade escalates.","slug":"global-air-freight-market","image":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","lang":"en"}`)"> <source type='image/webp' media="(min-width: 1500px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png"> <source type='image/webp' media="(min-width: 1220px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png"> <source type='image/webp' media="(min-width: 768px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png"> <source type='image/webp' media="(min-width: 1px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png"> <img loading="lazy" class="rd-img market-trends" src="https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png" width="750" height="378" style="object-fit: contain;" alt="Air Freight Market: Cross-border B2C e-commerce: in USD billion, 2021 and 2030" > </picture> </div> <div class="customize-report-container downloadSampleDesktopMobile" data-toggle="modal" data-target="#downloadSampleModal" id="key-market-trends-download-sample"> <div class="customize-report-left"> <i class="fa-solid fa-download" style="margin-right: 4px;"></i> <span> Understand The Key Trends Shaping This Market </span> </div> <div class="customize-report-right cta-submit"> Download PDF </div> </div> </div> <div class="component-5"> <h3 class="component-subheading"> E-commerce Growth Creating Great Opportunities For The Air Freight Industry </h3> <div class="component-5-subheading-desc"> <p>The explosive surge of e-commerce during the pandemic rendered its future trajectory unpredictable. This online shopping phenomenon has become a global norm as consumers worldwide embrace the convenience of digital transactions. IATA reports that 80% of international e-commerce relies on air transport, significantly streamlining cross-border shopping with enhanced efficiency, security, and transparency. Projections anticipate a substantial expansion in the e-commerce sector, potentially soaring to USD 4.4 trillion by 2026.</p> <p>Logistics, widespread mobile device ownership, and marketplace expansions are pivotal factors that fuel this anticipated growth. Moreover, this expansion is not confined solely to new regions but encompasses areas where online shopping has already entrenched itself, underscoring the crucial role of logistics. The air cargo industry, boasting global networks, adaptable capacity, and digitalization initiatives, stands well-equipped to bolster e-commerce growth. These initiatives promise to augment operational efficiency and shipment visibility throughout transit.</p> <p>As the global e-commerce landscape burgeons, strategic partnerships, cutting-edge technologies, and robust infrastructures will dominate the air cargo arena, ensuring visibility, flexibility, and swiftness at each journey stage. Delta Cargo announced in February 2024 that it launched a new product called DeliverDirect, developed jointly with SmartKargo. With various service innovations enabling customers to modify their preferences, the DeliverDirect offer can meet shippers' specific needs.</p> <p></p> </div> <div class="img-section"> <picture title="" class="embed-code-context" oncontextmenu="sentReportDetailsToEmbedModal(`{"title":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","alt_text":"Air Freight Market:Total retail e-commerce revenue: in USD billion, by region, 2023","imageDescription":"The explosive surge of e-commerce during the pandemic rendered its future trajectory unpredictable. This online shopping phenomenon has become a global norm as consumers worldwide embrace the convenience of digital transactions. IATA reports that 80% of international e-commerce relies on air transport, significantly streamlining cross-border shopping with enhanced efficiency, security, and transparency. Projections anticipate a substantial expansion in the e-commerce sector, potentially soaring to USD 4.4 trillion by 2026.","slug":"global-air-freight-market","image":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","lang":"en"}`)"> <source type='image/webp' media="(min-width: 1500px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png"> <source type='image/webp' media="(min-width: 1220px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png"> <source type='image/webp' media="(min-width: 768px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png"> <source type='image/webp' media="(min-width: 1px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png"> <img loading="lazy" class="rd-img big-img market-trends" src="https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png" width="730" height="360" style="object-fit: contain;" alt="Air Freight Market:Total retail e-commerce revenue: in USD billion, by region, 2023" > </picture> </div> <div class="customize-report-container downloadSampleDesktopMobile" data-toggle="modal" data-target="#downloadSampleModal" id="geography-trends-form"> <div class="customize-report-left"> <i class="fa-solid fa-download"></i> <span> Get Analysis on Important Geographic Markets </span> </div> <div class="customize-report-right cta-submit"> Download PDF </div> </div> </div> <div id="component-6" class="component sixth-seventh-components"> <h2 id="component-heading-6" class="component-heading"> Air Freight Industry Overview </h2> <p>The air freight industry is moderately fragmented, with dominant players operating across multiple regions worldwide. The increasing demand for air freight transportation services presents new challenges to cargo providers. Airlines must prioritize implementing fuel-efficient solutions and embracing innovative technologies to offer cost-effective services.</p> <p>For instance, companies like Lufthansa Cargo have invested in digital capabilities, such as their e-booking system, and aim to make their booking systems accessible through Application Programming Interfaces (APIs), providing inventory accessibility to others.</p> <p>However, regulatory disputes (such as the US-China trade war), anti-national activities, and the COVID-19 pandemic significantly disrupted the air freight industry. This disruption led to the cancellation of numerous flights due to safety concerns and a decrease in passenger numbers.</p> <p>To support the warehousing requirements of goods transported through airports, special economic zones (SEZs), free trade zones (FTZs), and bonded warehouses are expected to play a crucial role.</p> <p></p> <div class="flex"> <div id="component-7" class="component wrap-item key-players-list"> <h2 id="component-heading-7" class="component-heading"> Air Freight Market Leaders </h2> <ol> <li> <p>FedEx (Federal Express) Corporation</p> </li> <li> <p>United Parcel Service Inc.</p> </li> <li> <p>The Emirates Group</p> </li> <li> <p>Cathay Pacific Airways Limited </p> </li> <li> <p>Cargolux Airlines International Sa </p> </li> </ol> <p class="major-player-disclaimer">*Disclaimer: Major Players sorted in no particular order</p> </div> <div class="wrap-item"> <picture title="" class="embed-code-context" oncontextmenu="sentReportDetailsToEmbedModal(`{"title":"Air Cargo Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)","alt_text":"Air Freight Market Concentration","imageDescription":"The air freight industry is moderately fragmented, with dominant players operating across multiple regions worldwide. The increasing demand for air freight transportation services presents new challenges to cargo providers. Airlines must prioritize implementing fuel-efficient solutions and embracing innovative technologies to offer cost-effective services.","slug":"global-air-freight-market","image":"https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp","lang":"en"}`)"> <source type='image/webp' media="(min-width: 1500px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp"> <source type='image/webp' media="(min-width: 1220px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp"> <source type='image/webp' media="(min-width: 768px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp"> <source type='image/webp' media="(min-width: 1px)" srcset="https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp"> <img loading="lazy" class="rd-img market-concentration" src="https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp" width="355" height="318" style="object-fit: contain;" alt="Air Freight Market Concentration"> </picture> </div> </div> <div class="market-concentration-download-btn downloadSampleDesktopMobile" but-type="main-section-sample" data-toggle="modal" data-target="#downloadSampleModal" id="market-concentration-download"> <div class="market-concentration-download-btn-left"> <i class="fa-regular fa-bookmark"></i> <span>Need More Details on Market Players and Competitors?</span> </span> </div> <div class="market-concentration-download-btn-right cta-submit">Download PDF</div> </div> </div> <div class="component extra-components"> <div id="component-8"> <h2 class="component-heading"> Air Freight Market News </h2> <ul><li>December 2023: Aerovision Technology Limited, ATL, and Hong Kong Air Cargo Terminals Limited agreed to install ATL's proprietary intelligent cargo temperature detection system in appropriate locations within Hactl's SuperTerminal 1. To cope with the increasing volume of hazardous air cargo and to mitigate the risk of fire, it will further enhance the safety and reliability of cargo inspections.</li><li>October 2023: A new cargo development agreement, doubling the capacity between China and Bournemouth, signed by Cargo First, the air freight business at Bournemouth Airport. The service is provided by European Cargo, based in Bournemouth, using its fleet of 76-tonne A-340 all-cargo freighters.</li><li>May 2023: FedEx launched FedEx Sustainability Insights for customer emissions tracking. This cloud-based engine uses near-real-time FedEx network data to estimate CO2e emissions for individual tracking numbers and FedEx.com accounts.</li><li>May 2023: FedEx Express improved its international delivery services to cater to customers' increasing demand for dependable and diverse services in Asia-Pacific. Customers can now access FedEx International Economy (IE) services connecting Asia-Pacific to 170 markets worldwide.</li></ul> </div> </div> <div id="component-10" class="component customize-toc" data-target="#downloadSampleToc" data-toggle="modal"> <h2 class="component-heading toc-heading">Air Freight Market Report - Table of Contents</h2> <style> .customize-toc li { display: block; margin: 7px 0; } .customize-toc > ol > li > p { background-color: #f5f5f5; padding: 5px 5px 5px 15px;} .customize-toc > ol > li {margin-bottom: 15px;} </style><ol><li><p>1. INTRODUCTION</p><ol><li><p>1.1 Study Deliverables</p><li><p>1.2 Study Assumptions</p><li><p>1.3 Scope of the Study</p></ol></li><li><p>2. RESEARCH METHODOLOGY</p><li><p>3. EXECUTIVE SUMMARY</p><li><p>4. MARKET INSIGHTS</p><ol><li><p>4.1 Market Overview</p><li><p>4.2 Industry Policies and Regulations</p><li><p>4.3 Technology Snapshot and Digital Trends</p><li><p>4.4 Value Chain / Supply Chain Analysis</p><li><p>4.5 Elaboration on Air Freight Rates</p><li><p>4.6 Spotlight on Heavy Cargo/Project Logistics in the Air Cargo Industry</p><li><p>4.7 Insights into Key Ground Handling Equipment in Airports</p><li><p>4.8 Review and Commentary on Standards and Regulations on the Safe Transport of Dangerous Goods</p><li><p>4.9 Brief on Cold Chain Logistics in the Air Cargo Sector</p></ol></li><li><p>5. MARKET DYNAMICS</p><ol><li><p>5.1 Market Drivers</p><ol><li><p>5.1.1 Increasing Global Trade</p><li><p>5.1.2 Growth of E-commerce</p></ol></li><li><p>5.2 Market Restraints</p><ol><li><p>5.2.1 High Operational Costs</p><li><p>5.2.2 Capacity Constraints</p></ol></li><li><p>5.3 Market Opportunities</p><ol><li><p>5.3.1 Increasing Demand for Perishable Goods</p><li><p>5.3.2 The Emergence of New Markets on the Globe</p></ol></li><li><p>5.4 Industry Attractiveness - Porter's Five Forces Analysis</p><ol><li><p>5.4.1 Threat of New Entrants</p><li><p>5.4.2 Bargaining Power of Buyers/Consumers</p><li><p>5.4.3 Bargaining Power of Suppliers</p><li><p>5.4.4 Threat of Substitute Products</p><li><p>5.4.5 Intensity of Competitive Rivalry</p></ol></li></ol></li><li><p>6. MARKET SEGMENTATION</p><ol><li><p>6.1 By Service</p><ol><li><p>6.1.1 Forwarding</p><li><p>6.1.2 Airlines</p><li><p>6.1.3 Mail</p></ol></li><li><p>6.2 By Destination</p><ol><li><p>6.2.1 Domestic</p><li><p>6.2.2 International</p></ol></li><li><p>6.3 By Carrier Type</p><ol><li><p>6.3.1 Belly Cargo</p><li><p>6.3.2 Freighter</p></ol></li><li><p>6.4 By Geography</p><ol><li><p>6.4.1 Asia-Pacific</p><ol><li><p>6.4.1.1 China</p><li><p>6.4.1.2 Japan</p><li><p>6.4.1.3 India</p><li><p>6.4.1.4 South Korea</p><li><p>6.4.1.5 Rest of Asia-Pacific</p></ol></li><li><p>6.4.2 North America</p><ol><li><p>6.4.2.1 United States</p><li><p>6.4.2.2 Canada</p></ol></li><li><p>6.4.3 Europe</p><ol><li><p>6.4.3.1 United Kingdom</p><li><p>6.4.3.2 Germany</p><li><p>6.4.3.3 France</p><li><p>6.4.3.4 Russia</p><li><p>6.4.3.5 Rest of Europe</p></ol></li><li><p>6.4.4 Middle East and Africa</p><ol><li><p>6.4.4.1 Saudi Arabia</p><li><p>6.4.4.2 United Arab Emirates</p><li><p>6.4.4.3 Qatar</p><li><p>6.4.4.4 South Africa</p><li><p>6.4.4.5 Rest of Middle East and Africa</p></ol></li><li><p>6.4.5 Latin America</p><ol><li><p>6.4.5.1 Brazil</p><li><p>6.4.5.2 Mexico</p><li><p>6.4.5.3 Argentina</p><li><p>6.4.5.4 Colombia</p><li><p>6.4.5.5 Rest of Latin America</p></ol></li></ol></li></ol></li><li><p>7. COMPETITIVE LANDSCAPE</p><ol><li><p>7.1 Market Concentration Overview</p><li><p>7.2 Company Profiles</p><ol><li><p>7.2.1 FedEx (Federal Express) Corporation</p><li><p>7.2.2 The Emirates Group</p><li><p>7.2.3 Cathay Pacific Airways Limited</p><li><p>7.2.4 Cargolux Airlines International SA</p><li><p>7.2.5 China Airlines Ltd</p><li><p>7.2.6 Japan Airlines Co. Ltd</p><li><p>7.2.7 Qatar Airways Company QCSC</p><li><p>7.2.8 Deutsche Lufthansa AG</p><li><p>7.2.9 All Nippon Airways Co. Ltd (ANA)</p><li><p>7.2.10 International Consolidated Airlines Group SA</p><li><p>7.2.11 Magma Aviation Limited</p><li><p>7.2.12 Deutsche Post DHL</p><li><p>7.2.13 United Airlines</p><li><p>7.2.14 American Airlines</p><li><p>7.2.15 Delta Airlines</p><li><p>7.2.16 Gol Airlines</p><li><p>7.2.17 Azul Airlines</p><li><p>7.2.18 LATAM Airlines</p><li><p>7.2.19 Copa Airlines</p><li><p>7.2.20 AirBridgeCargo Airlines</p><li><p>7.2.21 Cargojet Inc.*</p></ol></li><li style='font-family:regular_semibold'>*List Not Exhaustive </li><li><p>7.3 Other Companies</p></ol></li><li><p>8. MARKET OPPORTUNITIES AND FUTURE TRENDS</p><li><p>9. APPENDIX</p><ol><li><p>9.1 Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of the Transport and Storage Sector to Economy)</p><li><p>9.2 External Trade Statistics - Exports and Imports, by Product</p><li><p>9.3 Insights into the Key Export Destinations and Import Origin Countries</p></ol></li></ol> </div> <section class='price-breakup shares-button' data-toggle="modal" data-target="#customizeFrommodal" id="get-price-break-up"> <div class="price-breakup-left"> <i class="fa-regular fa-bookmark"></i> <span class="shares-heading">You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections</span> </div> <div class="price-breakup-right cta-submit"> Get Price Break-up Now </div> </section>  <div id="scope-of-the-report-bottom" class="component component-3"> <h2 class="component-heading"> Air Freight Industry Segmentation </h2> <p>Air freight transport refers to transporting goods by air from one place to another. These services are commonly used for shipments of goods that require quick and effective delivery, particularly over long distances or internationally. Compared to different modes of transport, such as sea or land, air freight has a reputation for speed and reliability.</p> <p>A detailed analysis of the air cargo market, covering current trends, limitations, and technological advancements, along with comprehensive information on various segments and industry competition, is covered in the report. The impact of COVID-19 has also been incorporated and considered during the study.</p> <p>The global air freight market is segmented by service (<a href="https://www.mordorintelligence.com/industry-reports/freight-forwarding-market" target="_blank">forwarding</a>, airlines, and mail), destination (domestic and international), carrier type (belly cargo and freighter), and geography (Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America). The report offers market size and forecasts for all the above segments in value (USD).</p> <style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='position: absolute; top: calc(50% - 13px)' rowspan=4> By Service </td> </tr><tr> <td></td> <td>Forwarding</td> </tr><tr> <td></td> <td>Airlines</td> </tr><tr> <td></td> <td>Mail</td> </tr> </tbody> </table><style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='position: absolute; top: calc(50% - 13px)' rowspan=3> By Destination </td> </tr><tr> <td></td> <td>Domestic</td> </tr><tr> <td></td> <td>International</td> </tr> </tbody> </table><style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='position: absolute; top: calc(50% - 13px)' rowspan=3> By Carrier Type </td> </tr><tr> <td></td> <td>Belly Cargo</td> </tr><tr> <td></td> <td>Freighter</td> </tr> </tbody> </table><style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='position: absolute; top: calc(50% - 13px)' rowspan=6> By Geography </td> </tr><tr> <td></td> <td> <style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='background: rgba(255, 255, 255, 0.50);' rowspan=6> Asia-Pacific </td> </tr><tr> <td style='display: inline-block;'>China</td> </tr><tr> <td style='display: inline-block;'>Japan</td> </tr><tr> <td style='display: inline-block;'>India</td> </tr><tr> <td style='display: inline-block;'>South Korea</td> </tr><tr> <td style='display: inline-block;'>Rest of Asia-Pacific</td> </tr> </tbody> </table></td> </tr> <tbody style='display:block;border-bottom: 1px solid #ddd;border-collapse: separate;border-spacing: 4px; margin-left: 200px;margin-top: 5px; margin-bottom: 5px;'></tbody><tr> <td></td> <td> <style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='background: rgba(255, 255, 255, 0.50);' rowspan=3> North America </td> </tr><tr> <td style='display: inline-block;'>United States</td> </tr><tr> <td style='display: inline-block;'>Canada</td> </tr> </tbody> </table></td> </tr> <tbody style='display:block;border-bottom: 1px solid #ddd;border-collapse: separate;border-spacing: 4px; margin-left: 200px;margin-top: 5px; margin-bottom: 5px;'></tbody><tr> <td></td> <td> <style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='background: rgba(255, 255, 255, 0.50);' rowspan=6> Europe </td> </tr><tr> <td style='display: inline-block;'>United Kingdom</td> </tr><tr> <td style='display: inline-block;'>Germany</td> </tr><tr> <td style='display: inline-block;'>France</td> </tr><tr> <td style='display: inline-block;'>Russia</td> </tr><tr> <td style='display: inline-block;'>Rest of Europe</td> </tr> </tbody> </table></td> </tr> <tbody style='display:block;border-bottom: 1px solid #ddd;border-collapse: separate;border-spacing: 4px; margin-left: 200px;margin-top: 5px; margin-bottom: 5px;'></tbody><tr> <td></td> <td> <style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='background: rgba(255, 255, 255, 0.50);' rowspan=6> Middle East and Africa </td> </tr><tr> <td style='display: inline-block;'>Saudi Arabia</td> </tr><tr> <td style='display: inline-block;'>United Arab Emirates</td> </tr><tr> <td style='display: inline-block;'>Qatar</td> </tr><tr> <td style='display: inline-block;'>South Africa</td> </tr><tr> <td style='display: inline-block;'>Rest of Middle East and Africa</td> </tr> </tbody> </table></td> </tr> <tbody style='display:block;border-bottom: 1px solid #ddd;border-collapse: separate;border-spacing: 4px; margin-left: 200px;margin-top: 5px; margin-bottom: 5px;'></tbody><tr> <td></td> <td> <style>.component-3 > table {display: block; overflow: auto; position: relative; } .component-3 td { width: 200px; vertical-align: top; padding: 3px 2px; white-space: initial; word-break: break-word; font-size: 14px; line-height: 14px; } .component-3 > table > tbody > tr > td { vertical-align: middle; }</style><table style='width:100%; background-color: rgba(25, 171, 255, 0.13); border-collapse: collapse; table-layout: fixed;'> <tbody> <tr> <td style='background: rgba(255, 255, 255, 0.50);' rowspan=6> Latin America </td> </tr><tr> <td style='display: inline-block;'>Brazil</td> </tr><tr> <td style='display: inline-block;'>Mexico</td> </tr><tr> <td style='display: inline-block;'>Argentina</td> </tr><tr> <td style='display: inline-block;'>Colombia</td> </tr><tr> <td style='display: inline-block;'>Rest of Latin America</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div class="customize-report-container" but-type="right-section-customize" data-toggle="modal" data-target="#customizeFrommodal" id="scopeof-the-report-customize"> <div class="customize-report-left"> <i class="fa-solid fa-pen-to-square"></i> <span>Need A Different Region Or Segment?</span> </div> <div class="customize-report-right cta-submit"> Customize Now </div> </div> </div>  <div class="accordion-section clearfix mt-3" id='faqs' aria-label="Question Accordions"> <h2 class='mb-3 component-heading'>Air Freight Market Research Faqs</h2> <div class="panel-group" id="accordion" > <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse0"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> How big is the Air Freight Market? </h3> </div> <div id="collapse0" class="panel-collapse collapse" aria-labelledby='heading0'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> The Air Freight Market size is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029.</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse1"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> What is the current Air Freight Market size? </h3> </div> <div id="collapse1" class="panel-collapse collapse" aria-labelledby='heading1'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> In 2024, the Air Freight Market size is expected to reach USD 151.22 billion.</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse2"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> Who are the key players in Air Freight Market? </h3> </div> <div id="collapse2" class="panel-collapse collapse" aria-labelledby='heading2'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in the Air Freight Market.</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse3"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> Which is the fastest growing region in Air Freight Market? </h3> </div> <div id="collapse3" class="panel-collapse collapse" aria-labelledby='heading3'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse4"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> Which region has the biggest share in Air Freight Market? </h3> </div> <div id="collapse4" class="panel-collapse collapse" aria-labelledby='heading4'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> In 2024, the Asia-Pacific accounts for the largest market share in Air Freight Market.</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse5"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> What years does this Air Freight Market cover, and what was the market size in 2023? </h3> </div> <div id="collapse5" class="panel-collapse collapse" aria-labelledby='heading5'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> In 2023, the Air Freight Market size was estimated at USD 142.27 billion. The report covers the Air Freight Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Freight Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse6"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> What is the impact of e-commerce on the Air Freight Market? </h3> </div> <div id="collapse6" class="panel-collapse collapse" aria-labelledby='heading6'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> E-commerce has had a significant and transformative impact on the Air Freight Market, acting as a major driver of its growth and shaping its future landscape.</p> </div> </div> </div> <div class="panel panel-default"> <div class="panel-heading accordion-toggle collapsed" data-toggle="collapse" data-parent="#accordion" data-target="#collapse7"> <h3 class="panel-title" style='color:rgb(44, 142, 191)'> What are the upcoming trends in the Air Freight Industry? </h3> </div> <div id="collapse7" class="panel-collapse collapse" aria-labelledby='heading7'> <div class="panel-body px-3 mb-3 mt-3"> <p style='font-size:15px'> The upcoming trends in the Air Freight Industry are A) The growing utilization of Artificial Intelligence and Machine Learning tools to enhance logistics and supply chain operations b) Growing demand for swift and efficient international shipping intensifies</p> </div> </div> </div> </div> </div>   <div id="related-reports-section" style="padding-left: 0px;" class="container"> <h2 class='mb-1 component-heading related-reports-heading'>Our Best Selling Reports</h2> <ul class="list-group mb-3"> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/global-feed-additives-market-industry" aria-label="know-more-about Animal Feed Additives Market" class='related-report-link' target='_blank' class="related-report-single-item"> Animal Feed Additives Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/battery-management-system-market" aria-label="know-more-about Battery Management System Market" class='related-report-link' target='_blank' class="related-report-single-item"> Battery Management System Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/data-loss-prevention-market" aria-label="know-more-about Data Loss Prevention Market" class='related-report-link' target='_blank' class="related-report-single-item"> Data Loss Prevention Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/event-and-exhibition-market-india" aria-label="know-more-about India Events & Exhibition Market" class='related-report-link' target='_blank' class="related-report-single-item"> India Events & Exhibition Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/italy-wound-care-management-devices-market" aria-label="know-more-about Italy Wound Care Market" class='related-report-link' target='_blank' class="related-report-single-item"> Italy Wound Care Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/meal-replacement-products-market" aria-label="know-more-about Meal Replacement Products Market" class='related-report-link' target='_blank' class="related-report-single-item"> Meal Replacement Products Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/medical-equipment-maintenance-market" aria-label="know-more-about Medical Equipment Maintenance Market" class='related-report-link' target='_blank' class="related-report-single-item"> Medical Equipment Maintenance Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/residential-real-estate-market-in-germany" aria-label="know-more-about Residential Real Estate Market in Germany" class='related-report-link' target='_blank' class="related-report-single-item"> Residential Real Estate Market in Germany </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/sesame-seeds-market" aria-label="know-more-about Sesame Seeds Market" class='related-report-link' target='_blank' class="related-report-single-item"> Sesame Seeds Market </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/united-states-coffee-market" aria-label="know-more-about US Coffee Market" class='related-report-link' target='_blank' class="related-report-single-item"> US Coffee Market </a> </li> </ul> </div>  <div id="seo-text-section"> <h2 class='mb-3 component-heading mt-3' style="text-transform: capitalize;"> Air Freight Industry Report </h2> <p> The global air freight market is anticipated to witness substantial growth, driven by the increasing demand for efficient and fast transportation of goods across borders. This market growth is further fueled by the significant expansion in the e-commerce industry and the rising import and export activities among various countries worldwide. The market is undergoing a technological transformation, evolving from the traditional use of old mainframe systems to more adaptable interfaces employed for various processes. The adoption of cool-chain technology, robotics, automated systems, artificial intelligence (AI), Big Data, deep learning, IoT, and augmented and virtual reality across several operations is expected to bolster the market growth.<br><br>The market segmentation is based on service, destination, end-use, and region. The service segment is divided into freight, express, mail, and other services. Depending on the destination, the market is bifurcated into domestic and international, while by end-use, it is fragmented into private and commercial. The high costs associated with air freight solutions may pose a challenge to this growth.<br><br>Industry analysis indicates a positive industry outlook with significant market growth. The industry reports highlight various industry trends and market predictions. The market leaders are leveraging market data to enhance their market value and market segmentation strategies. A comprehensive market overview and market review reveal the market's potential, with market forecast and market predictions pointing towards sustained growth.<br><br>The industry information and industry statistics provide insights into the industry size and industry sales, emphasizing the market's robustness. The market outlook suggests continued expansion, supported by industry research and industry reports. The report example available as a report PDF download offers detailed insights and a historical overview, along with market forecast outlooks.<br><br>In summary, the global air freight market is poised for growth, driven by technological advancements and the increasing demand for fast and efficient goods transportation. The market data, market segmentation, and industry trends underscore the market's potential, with industry leaders capitalizing on these opportunities to drive market value and growth. </p> </div>  <div style="width:100%" class="demo-class"> <h2 class='mb-1 component-heading related-reports-heading' style=" margin-top:20px"> Air Freight Market Report Snapshots</h2> <ul class="list-group mb-3"> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/global-air-freight-market/market-size" rel="" aria-label="Air Freight Market Size" class='related-report-link' class="related-report-single-item"> Air Freight Market Size </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/global-air-freight-market/market-share" rel="" aria-label="Air Freight Market Share" class='related-report-link' class="related-report-single-item"> Air Freight Market Share </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/global-air-freight-market/market-trends" rel="" aria-label="Air Freight Market Trends" class='related-report-link' class="related-report-single-item"> Air Freight Market Trends </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/global-air-freight-market/companies" rel="" class='related-report-link' aria-label="Air Freight Companies" class="related-report-single-item"> Air Freight Companies </a> </li> <li class="list-group-item"> <a href="https://www.mordorintelligence.com/industry-reports/global-air-freight-market/news" aria-label="Air Freight News" rel="" class='related-report-link' class="related-report-single-item"> Air Freight News </a> </li> </ul> </div>  <i class="close-fixed-customize-form fa-solid fa-xmark"></i> <div class="fixed-customize-form"> <span style='color:white; margin:20px 0' class="fixed-customize-form-title"> <span>80% </span>of our clients seek made-to-order reports. 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FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in this market."},"sql_id":null,"__v":2,"slug":"global-air-freight-market","description":{"short_description":"The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments.","full_description":null},"tags":null,"template":"preview-new-e","country":"Global","geography":"Global","version":null,"new_description":[{"order":0,"heading":"Air Freight Market Size","key_factors":[{"heading":"Study Period","type":"text","value":"2019 - 2029"},{"heading":"Base Year","type":"text","value":2023},{"heading":"Market Concentration","type":"text","value":"Low"},{"heading":"Fastest Growing Market","type":"text","value":"Middle-East and Africa"},{"heading":"Largest Market","type":"text","value":"Asia-Pacific"},{"heading":"CAGR","type":"text","value":"Equal-5.92","year1":"2024","year2":"2029"},{"heading":"CAGR value","type":"text","value":"Equal-5.92","year1":"2024","year2":"2029"},{"heading":"CAGR volume","type":"text","value":"","year1":"","year2":""},{"heading":"Market Parameter","value":"market size","volume":"","market_type":"Value"},{"heading":"Market Value Year 2","type":"text","year":2029,"value":"201.57 Billion USD"},{"heading":"Market Value Current Year","type":"text","year":2024,"value":"151.22 Billion USD"},{"heading":"Market Volume Year 2","type":"text","year":"","value":""},{"heading":"Market Volume Current Year","type":"text","year":"","value":""},{"heading":"Major Players","type":"images","value":[{"url":"https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1620250936891_Slide1.webp","alt_text":"Air Freight Market Major Players","url30":null,"url50":null,"url75":null}]}],"image":[{"url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701697017-global-air-freight-market-Market-Summary.png","alt_text":"Air Freight Market (2024 - 2029)","width":null,"height":null}]},{"order":1,"heading":"Air Freight Market Analysis","description":"<p>The Air Freight Market size is estimated at USD 151.22 billion in 2024, and is expected to reach USD 201.57 billion by 2029, at a CAGR of 5.92% during the forecast period (2024-2029). </p><p>The air cargo industry faced considerable challenges in 2022, mainly due to the ongoing dispute between Russia and Ukraine, significantly reducing the volume of dedicated air cargo originating in Russia.</p>\n<p>According to the International Air Transport Association, in July 2023, the air cargo industry experienced a 20.7% increase from the previous month, maintaining steady growth since February 2023. However, compared to July 2022, the industry's cargo tonne kilometers (CTKs) decreased by 0.8%, placing it 0.3% below the July 2022 level and 3.7% lower than the pre-crisis level in 2019.</p>\n<p>Airlines demonstrated remarkable innovation and agility throughout the historical shock of the pandemic, displaying resilience during this period. The financial profitability of airlines is within reach of the industry at large despite continued pressure on cost evolution from the macroeconomic environment. Unlike other sectors, the substantial gap between jet fuel and oil prices limits airlines' ability to benefit from potential oil price declines. There was a persistent problem until 2023 due to the limited capacity of refineries. Tight labor markets direct to higher wages and unsustainable pricing power within the downstream aviation value chain were likely to persist in 2023.</p>\n<p>This version aims to enhance readability by breaking down some sentences and rephrasing certain parts for better flow while maintaining the original context and information.</p>\n<p></p>\n"},{"order":2,"heading":"Air Freight Industry Segmentation","description":"<p>Air freight transport refers to transporting goods by air from one place to another. These services are commonly used for shipments of goods that require quick and effective delivery, particularly over long distances or internationally. Compared to different modes of transport, such as sea or land, air freight has a reputation for speed and reliability.</p>\n<p>A detailed analysis of the air cargo market, covering current trends, limitations, and technological advancements, along with comprehensive information on various segments and industry competition, is covered in the report. The impact of COVID-19 has also been incorporated and considered during the study.</p>\n<p>The global air freight market is segmented by service (<a href=\"https://www.mordorintelligence.com/industry-reports/freight-forwarding-market\" target=\"_blank\">forwarding</a>, airlines, and mail), destination (domestic and international), carrier type (belly cargo and freighter), and geography (Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America). The report offers market size and forecasts for all the above segments in value (USD).</p>\n"},{"order":3,"heading":"Air Freight Market Trends","subheading":"Growing Demand For The Air Freight Market","description":"<p>The air cargo industry is the backbone of global trade, facilitating the transportation of goods and interconnecting companies worldwide. In recent years, there has been a dramatic surge in air cargo due to the growth of the global economy, evolving consumer preferences, and technological advancements. Cross-border trade is the primary driver behind the current market growth, which is expected to accelerate further in the coming years. The demand for swift and efficient international shipping intensifies as global trade escalates.</p>\n<p>In August 2023, China's Shenzhen Bao'an International Airport (SBI) experienced a twofold increase in cross-border e-commerce from January to July, anticipating further growth in the remaining five months after including freighter flights in the airport's operations. SBI successfully managed 93,000 tons of international e-commerce in seven months, marking a 101% increase compared to last year.</p>\n<p>Partner airlines Central Airlines and YunExpress introduced a second Boeing 777 freight flight in late July, a move anticipated to bolster cargo volumes significantly. This additional freighter aims to expand the airlines' service from three to six weekly flights connecting Shenzhen and Paris.</p>\n<p>April 2023 witnessed the introduction of new features in digital air cargo marketplaces, allowing logistics companies overseeing imports to promptly book export shipments from agents in other countries. This development eliminates the previously time-consuming process of sourcing quotes via phone or email.</p>\n<p>Cargo.One announced an upgrade targeting easier booking for freight forwarders seeking overseas bookings with partners, eliminating the need for a third party to execute the booking.</p>\n<p>WebCargo, a part of the Freightos companies, disclosed that air freight wholesale distributors in China can now sell space directly to freight agents, akin to airline partners.</p>\n<p>Third-party platforms, exemplified by CargoAi, enable airlines to vend their capacity in a unified platform, empowering forwarders to compare live rates and availability while electronically booking shipments, similar to how travelers shop for air seats, hotels, and rental cars online using platforms like Kayak and Priceline.</p>\n<p></p>\n","image":[{"s3_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","alt_text":"Air Freight Market: Cross-border B2C e-commerce: in USD billion, 2021 and 2030","reseller_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701725043-reseller-global-air-freight-market-Cross-border-B2C-e-commerce-in-USD-billion-2021-and-2030.png","width":null,"height":null}],"modal_heading":"Cross-border B2C e-commerce: in USD billion, 2021 and 2030","graph_type":"bar","modal_metric":"USD Billion","source":"Industry Association","labels":true,"HOT_DATA":[[null,null],["2021","785"],["2030","7,938"]]},{"order":4,"subheading":"E-commerce Growth Creating Great Opportunities For The Air Freight Industry","description":"<p>The explosive surge of e-commerce during the pandemic rendered its future trajectory unpredictable. This online shopping phenomenon has become a global norm as consumers worldwide embrace the convenience of digital transactions. IATA reports that 80% of international e-commerce relies on air transport, significantly streamlining cross-border shopping with enhanced efficiency, security, and transparency. Projections anticipate a substantial expansion in the e-commerce sector, potentially soaring to USD 4.4 trillion by 2026.</p>\n<p>Logistics, widespread mobile device ownership, and marketplace expansions are pivotal factors that fuel this anticipated growth. Moreover, this expansion is not confined solely to new regions but encompasses areas where online shopping has already entrenched itself, underscoring the crucial role of logistics. The air cargo industry, boasting global networks, adaptable capacity, and digitalization initiatives, stands well-equipped to bolster e-commerce growth. These initiatives promise to augment operational efficiency and shipment visibility throughout transit.</p>\n<p>As the global e-commerce landscape burgeons, strategic partnerships, cutting-edge technologies, and robust infrastructures will dominate the air cargo arena, ensuring visibility, flexibility, and swiftness at each journey stage. Delta Cargo announced in February 2024 that it launched a new product called DeliverDirect, developed jointly with SmartKargo. With various service innovations enabling customers to modify their preferences, the DeliverDirect offer can meet shippers' specific needs.</p>\n<p></p>\n","image":[{"s3_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","alt_text":"Air Freight Market:Total retail e-commerce revenue: in USD billion, by region, 2023","reseller_url":"https://s3.mordorintelligence.com/global-air-freight-market/1727701738081-reseller-global-air-freight-market-Total-retail-e-commerce-revenue-in-USD-billion-by-region-2023.png","width":null,"height":null}],"modal_heading":"Total retail e-commerce revenue: in USD billion, by region, 2023","graph_type":"bar","modal_metric":"In USD Billion","source":"Industry Association","labels":true,"HOT_DATA":[[null,null],["Asia","1,664"],["Americas","889.1"],["Europe","533"],["Australia & Oceania","36.79"],["Africa","31.18"]]},{"order":5,"heading":"Air Freight Industry Overview","description":"<p>The air freight industry is moderately fragmented, with dominant players operating across multiple regions worldwide. The increasing demand for air freight transportation services presents new challenges to cargo providers. Airlines must prioritize implementing fuel-efficient solutions and embracing innovative technologies to offer cost-effective services.</p>\n<p>For instance, companies like Lufthansa Cargo have invested in digital capabilities, such as their e-booking system, and aim to make their booking systems accessible through Application Programming Interfaces (APIs), providing inventory accessibility to others.</p>\n<p>However, regulatory disputes (such as the US-China trade war), anti-national activities, and the COVID-19 pandemic significantly disrupted the air freight industry. This disruption led to the cancellation of numerous flights due to safety concerns and a decrease in passenger numbers.</p>\n<p>To support the warehousing requirements of goods transported through airports, special economic zones (SEZs), free trade zones (FTZs), and bonded warehouses are expected to play a crucial role.</p>\n<p></p>\n","image":[{"url":"https://s3.mordorintelligence.com/global-air-freight-market/global-air-freight-market_1616671711457_Picture1.webp","alt_text":"Air Freight Market Concentration"}]},{"order":6,"heading":"Air Freight Market Leaders","list":{"type":"COMPANIES","value":[{"title":"FedEx (Federal Express) Corporation","redirect_url":null},{"title":"United Parcel Service Inc.","redirect_url":null},{"title":"The Emirates Group","redirect_url":null},{"title":"Cathay Pacific Airways Limited ","redirect_url":"https://www.example.com"},{"name":"","link":"","redirect_url":"https://www.example.com","title":"Cargolux Airlines International Sa "}]}},{"order":7,"heading":"Air Freight Market News","description":"<ul><li>December 2023: Aerovision Technology Limited, ATL, and Hong Kong Air Cargo Terminals Limited agreed to install ATL's proprietary intelligent cargo temperature detection system in appropriate locations within Hactl's SuperTerminal 1. To cope with the increasing volume of hazardous air cargo and to mitigate the risk of fire, it will further enhance the safety and reliability of cargo inspections.</li><li>October 2023: A new cargo development agreement, doubling the capacity between China and Bournemouth, signed by Cargo First, the air freight business at Bournemouth Airport. The service is provided by European Cargo, based in Bournemouth, using its fleet of 76-tonne A-340 all-cargo freighters.</li><li>May 2023: FedEx launched FedEx Sustainability Insights for customer emissions tracking. This cloud-based engine uses near-real-time FedEx network data to estimate CO2e emissions for individual tracking numbers and FedEx.com accounts.</li><li>May 2023: FedEx Express improved its international delivery services to cater to customers' increasing demand for dependable and diverse services in Asia-Pacific. Customers can now access FedEx International Economy (IE) services connecting Asia-Pacific to 170 markets worldwide.</li></ul>"},{"order":8,"heading":"Market Statistics","description":"","sections":[]}],"new_toc":[{"text":"INTRODUCTION","parent":null,"tags":[],"list":[{"text":"Study Deliverables","parent":null,"tags":[],"list":[],"location":"0_0"},{"text":"Study Assumptions","parent":null,"tags":[],"list":[],"location":"0_1"},{"text":"Scope of the Study","parent":null,"tags":[],"list":[],"location":"0_2"}],"location":"0"},{"text":"RESEARCH METHODOLOGY","parent":null,"tags":[],"list":[],"location":"1"},{"text":"EXECUTIVE SUMMARY","parent":null,"tags":[],"list":[],"location":"2"},{"text":"MARKET INSIGHTS","parent":null,"tags":[],"list":[{"text":"Market Overview","parent":null,"tags":[],"list":[],"location":"3_0"},{"text":"Industry Policies and Regulations","parent":null,"tags":[],"list":[],"location":"3_1"},{"text":"Technology Snapshot and Digital Trends","parent":null,"tags":[],"list":[],"location":"3_2"},{"text":"Value Chain / Supply Chain Analysis","parent":null,"tags":[],"list":[],"location":"3_3"},{"text":"Elaboration on Air Freight Rates","parent":null,"tags":[],"list":[],"location":"3_4"},{"text":"Spotlight on Heavy Cargo/Project Logistics in the Air Cargo Industry","parent":null,"tags":[],"list":[],"location":"3_5"},{"text":"Insights into Key Ground Handling Equipment in Airports","parent":null,"tags":[],"list":[],"location":"3_6"},{"text":"Review and Commentary on Standards and Regulations on the Safe Transport of Dangerous Goods","parent":null,"tags":[],"list":[],"location":"3_7"},{"text":"Brief on Cold Chain Logistics in the Air Cargo Sector","parent":null,"tags":[],"list":[],"location":"3_8"}],"location":"3"},{"text":"MARKET DYNAMICS","parent":null,"tags":[],"list":[{"text":"Market Drivers","parent":null,"tags":[],"list":[{"text":"Increasing Global Trade","parent":null,"tags":[],"list":[],"location":"4_0_0"},{"text":"Growth of E-commerce","parent":null,"tags":[],"list":[],"location":"4_0_1"}],"location":"4_0"},{"text":"Market Restraints","parent":null,"tags":[],"list":[{"text":"High Operational Costs","parent":null,"tags":[],"list":[],"location":"4_1_0"},{"text":"Capacity Constraints","parent":null,"tags":[],"list":[],"location":"4_1_1"}],"location":"4_1"},{"text":"Market Opportunities","parent":null,"tags":[],"list":[{"text":"Increasing Demand for Perishable Goods","parent":null,"tags":[],"list":[],"location":"4_2_0"},{"text":"The Emergence of New Markets on the Globe","parent":null,"tags":[],"list":[],"location":"4_2_1"}],"location":"4_2"},{"text":"Industry Attractiveness - Porter's Five Forces Analysis","parent":null,"tags":[],"list":[{"text":"Threat of New Entrants","parent":null,"tags":[],"list":[],"location":"4_3_0"},{"text":"Bargaining Power of Buyers/Consumers","parent":null,"tags":[],"list":[],"location":"4_3_1"},{"text":"Bargaining Power of Suppliers","parent":null,"tags":[],"list":[],"location":"4_3_2"},{"text":"Threat of Substitute Products","parent":null,"tags":[],"list":[],"location":"4_3_3"},{"text":"Intensity of Competitive Rivalry","parent":null,"tags":[],"list":[],"location":"4_3_4"}],"location":"4_3"}],"location":"4"},{"text":"MARKET SEGMENTATION","parent":null,"tags":[],"list":[{"text":"By Service","parent":null,"tags":[],"list":[{"text":"Forwarding","parent":null,"tags":[],"list":[],"location":"5_0_0"},{"text":"Airlines","parent":null,"tags":[],"list":[],"location":"5_0_1"},{"text":"Mail","parent":null,"tags":[],"list":[],"location":"5_0_2"}],"location":"5_0"},{"text":"By Destination","parent":null,"tags":[],"list":[{"text":"Domestic","parent":null,"tags":[],"list":[],"location":"5_1_0"},{"text":"International","parent":null,"tags":[],"list":[],"location":"5_1_1"}],"location":"5_1"},{"text":"By Carrier Type","parent":null,"tags":[],"list":[{"text":"Belly Cargo","parent":null,"tags":[],"list":[],"location":"5_2_0"},{"text":"Freighter","parent":null,"tags":[],"list":[],"location":"5_2_1"}],"location":"5_2"},{"text":"By Geography","parent":null,"tags":[],"list":[{"text":"Asia-Pacific","parent":null,"tags":[],"list":[{"text":"China","parent":null,"tags":[],"list":[],"location":"5_3_0_0"},{"text":"Japan","parent":null,"tags":[],"list":[],"location":"5_3_0_1"},{"text":"India","parent":null,"tags":[],"list":[],"location":"5_3_0_2"},{"text":"South Korea","parent":null,"tags":[],"list":[],"location":"5_3_0_3"},{"text":"Rest of Asia-Pacific","parent":null,"tags":[],"list":[],"location":"5_3_0_4"}],"location":"5_3_0"},{"text":"North America","parent":null,"tags":[],"list":[{"text":"United States","parent":null,"tags":[],"list":[],"location":"5_3_1_0"},{"text":"Canada","parent":null,"tags":[],"list":[],"location":"5_3_1_1"}],"location":"5_3_1"},{"text":"Europe","parent":null,"tags":[],"list":[{"text":"United Kingdom","parent":null,"tags":[],"list":[],"location":"5_3_2_0"},{"text":"Germany","parent":null,"tags":[],"list":[],"location":"5_3_2_1"},{"text":"France","parent":null,"tags":[],"list":[],"location":"5_3_2_2"},{"text":"Russia","parent":null,"tags":[],"list":[],"location":"5_3_2_3"},{"text":"Rest of Europe","parent":null,"tags":[],"list":[],"location":"5_3_2_4"}],"location":"5_3_2"},{"text":"Middle East and Africa","parent":null,"tags":[],"list":[{"text":"Saudi Arabia","parent":null,"tags":[],"list":[],"location":"5_3_3_0"},{"text":"United Arab Emirates","parent":null,"tags":[],"list":[],"location":"5_3_3_1"},{"text":"Qatar","parent":null,"tags":[],"list":[],"location":"5_3_3_2"},{"text":"South Africa","parent":null,"tags":[],"list":[],"location":"5_3_3_3"},{"text":"Rest of Middle East and Africa","parent":null,"tags":[],"list":[],"location":"5_3_3_4"}],"location":"5_3_3"},{"text":"Latin America","parent":null,"tags":[],"list":[{"text":"Brazil","parent":null,"tags":[],"list":[],"location":"5_3_4_0"},{"text":"Mexico","parent":null,"tags":[],"list":[],"location":"5_3_4_1"},{"text":"Argentina","parent":null,"tags":[],"list":[],"location":"5_3_4_2"},{"text":"Colombia","parent":null,"tags":[],"list":[],"location":"5_3_4_3"},{"text":"Rest of Latin America","parent":null,"tags":[],"list":[],"location":"5_3_4_4"}],"location":"5_3_4"}],"location":"5_3"}],"location":"5"},{"text":"COMPETITIVE LANDSCAPE","parent":null,"tags":[],"list":[{"text":"Market Concentration Overview","parent":null,"tags":[],"list":[],"location":"6_0"},{"text":"Company Profiles","parent":null,"tags":[],"list":[{"text":"FedEx (Federal Express) Corporation","parent":null,"tags":[],"list":[],"location":"6_1_0"},{"text":"The Emirates Group","parent":null,"tags":[],"list":[],"location":"6_1_1"},{"text":"Cathay Pacific Airways Limited","parent":null,"tags":[],"list":[],"location":"6_1_2"},{"text":"Cargolux Airlines International SA","parent":null,"tags":[],"list":[],"location":"6_1_3"},{"text":"China Airlines Ltd","parent":null,"tags":[],"list":[],"location":"6_1_4"},{"text":"Japan Airlines Co. Ltd","parent":null,"tags":[],"list":[],"location":"6_1_5"},{"text":"Qatar Airways Company QCSC","parent":null,"tags":[],"list":[],"location":"6_1_6"},{"text":"Deutsche Lufthansa AG","parent":null,"tags":[],"list":[],"location":"6_1_7"},{"text":"All Nippon Airways Co. Ltd (ANA)","parent":null,"tags":[],"list":[],"location":"6_1_8"},{"text":"International Consolidated Airlines Group SA","parent":null,"tags":[],"list":[],"location":"6_1_9"},{"text":"Magma Aviation Limited","parent":null,"tags":[],"list":[],"location":"6_1_10"},{"text":"Deutsche Post DHL","parent":null,"tags":[],"list":[],"location":"6_1_11"},{"text":"United Airlines","parent":null,"tags":[],"list":[],"location":"6_1_12"},{"text":"American Airlines","parent":null,"tags":[],"list":[],"location":"6_1_13"},{"text":"Delta Airlines","parent":null,"tags":[],"list":[],"location":"6_1_14"},{"text":"Gol Airlines","parent":null,"tags":[],"list":[],"location":"6_1_15"},{"text":"Azul Airlines","parent":null,"tags":[],"list":[],"location":"6_1_16"},{"text":"LATAM Airlines","parent":null,"tags":[],"list":[],"location":"6_1_17"},{"text":"Copa Airlines","parent":null,"tags":[],"list":[],"location":"6_1_18"},{"text":"AirBridgeCargo Airlines","parent":null,"tags":[],"list":[],"location":"6_1_19"},{"text":"Cargojet Inc.*","parent":null,"tags":[],"list":[],"location":"6_1_20"}],"location":"6_1"},{"text":"Other Companies","parent":null,"tags":[],"list":[],"location":"6_2"}],"location":"6"},{"text":"MARKET OPPORTUNITIES AND FUTURE TRENDS","parent":null,"tags":[],"list":[],"location":"7"},{"text":"APPENDIX","parent":null,"tags":[],"list":[{"text":"Macroeconomic Indicators (GDP Distribution, by Activity, Contribution of the Transport and Storage Sector to Economy)","parent":null,"tags":[],"list":[],"location":"8_0"},{"text":"External Trade Statistics - Exports and Imports, by Product","parent":null,"tags":[],"list":[],"location":"8_1"},{"text":"Insights into the Key Export Destinations and Import Origin Countries","parent":null,"tags":[],"list":[],"location":"8_2"}],"location":"8"}],"related_ic":null,"report_mode":"new","related_tags":["report_snapshot","Show in digitizer","news_snapshot","report_news_page","market_size_snapshot","market_trends_snapshot","sticky_form","companies_snapshot","market_share_snapshot","discount_with_price"],"promo_code":7,"price_set_by_admin":true,"primary_keyword":"AIR FREIGHT INDUSTRY","reseller":{"reseller_page_numbers":250,"reseller_days_required":2,"reseller_marked_for_exports":true},"short_title":"Air Freight Market","parent_slug":"global-airfreight-market-industry","faqs":[{"question":"How big is the Air Freight Market?","answer":"The Air Freight Market size is expected to reach USD 151.22 billion in 2024 and grow at a CAGR of 5.92% to reach USD 201.57 billion by 2029."},{"question":"What is the current Air Freight Market size?","answer":"In 2024, the Air Freight Market size is expected to reach USD 151.22 billion."},{"question":"Who are the key players in Air Freight Market?","answer":"FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Cathay Pacific Airways Limited and Cargolux Airlines International Sa are the major companies operating in the Air Freight Market."},{"question":"Which is the fastest growing region in Air Freight Market?","answer":"Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029)."},{"question":"Which region has the biggest share in Air Freight Market?","answer":"In 2024, the Asia-Pacific accounts for the largest market share in Air Freight Market."},{"question":"What years does this Air Freight Market cover, and what was the market size in 2023?","answer":"In 2023, the Air Freight Market size was estimated at USD 142.27 billion. The report covers the Air Freight Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Freight Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029."},{"question":"What is the impact of e-commerce on the Air Freight Market?","answer":"E-commerce has had a significant and transformative impact on the Air Freight Market, acting as a major driver of its growth and shaping its future landscape."},{"question":"What are the upcoming trends in the Air Freight Industry?","answer":"The upcoming trends in the Air Freight Industry are A) The growing utilization of Artificial Intelligence and Machine Learning tools to enhance logistics and supply chain operations b) Growing demand for swift and efficient international shipping intensifies"}],"bestseller":false,"hub_id":null,"seo_text":"The global air freight market is anticipated to witness substantial growth, driven by the increasing demand for efficient and fast transportation of goods across borders. This market growth is further fueled by the significant expansion in the e-commerce industry and the rising import and export activities among various countries worldwide. The market is undergoing a technological transformation, evolving from the traditional use of old mainframe systems to more adaptable interfaces employed for various processes. The adoption of cool-chain technology, robotics, automated systems, artificial intelligence (AI), Big Data, deep learning, IoT, and augmented and virtual reality across several operations is expected to bolster the market growth.<br><br>The market segmentation is based on service, destination, end-use, and region. The service segment is divided into freight, express, mail, and other services. Depending on the destination, the market is bifurcated into domestic and international, while by end-use, it is fragmented into private and commercial. The high costs associated with air freight solutions may pose a challenge to this growth.<br><br>Industry analysis indicates a positive industry outlook with significant market growth. The industry reports highlight various industry trends and market predictions. The market leaders are leveraging market data to enhance their market value and market segmentation strategies. A comprehensive market overview and market review reveal the market's potential, with market forecast and market predictions pointing towards sustained growth.<br><br>The industry information and industry statistics provide insights into the industry size and industry sales, emphasizing the market's robustness. The market outlook suggests continued expansion, supported by industry research and industry reports. The report example available as a report PDF download offers detailed insights and a historical overview, along with market forecast outlooks.<br><br>In summary, the global air freight market is poised for growth, driven by technological advancements and the increasing demand for fast and efficient goods transportation. The market data, market segmentation, and industry trends underscore the market's potential, with industry leaders capitalizing on these opportunities to drive market value and growth.","related_reports_updated":{"sub_categories":[{"short_title":"Europe Less-Than Container Load Market","slug":"europe-less-than-container-load-lcl-market","id":91622,"score":4,"hash_url":"6b1d5bb0462cc2ebe3b66e49ea3001c1"},{"short_title":"Jordan Freight and Logistics Market","slug":"jordan-freight-and-logistics-market","id":71154,"score":2,"hash_url":"6b314a8a360b693760b4c36bfaef5769"},{"slug":"malaysia-road-freight-transport-market","short_title":"Malaysia Road Freight Transport Market","id":92377,"score":1,"hash_url":"6c1c57da31353e2fb7d6393cab2fbab0"},{"slug":"mexico-road-freight-transport-market","short_title":"Road Freight Market","id":90813,"score":1,"hash_url":"7029fdeae94d2e50c7306b2f83ca7c98","seo_link_text":"Road Freight Market"},{"id":51886,"slug":"myanmar-freight-and-logistics-market","short_title":"Myanmar Freight and Logistics Market","score":2,"hash_url":"713fa2781b94d03566323703a0e83caa"}],"categories":[{"short_title":"Russia Courier, Express, and Parcel (CEP) Market","slug":"russia-courier-express-and-parcel-market","id":71430,"score":4,"hash_url":"66b04cc9ef562347899e438033fe70f6"},{"slug":"united-states-reverse-logistics-market","id":66148,"short_title":"US Reverse Logistics Market","score":3,"hash_url":"6a33fcf7061e525f43c3738bfbf8237d"},{"slug":"courier-express-and-parcel-cep-market","id":65384,"short_title":"CEP Market","score":1,"hash_url":"6ed6ac5827d6e2e1f67c135f7a26594e","seo_link_text":"CEP Market"},{"slug":"gcc-contract-logistics-market","id":66596,"short_title":"GCC Contract Logistics Market","score":1,"hash_url":"8fe82df7e1260140c48c1aeed621bda7","seo_link_text":"GCC Contract Logistics Market"},{"slug":"global-3pl-market","id":65998,"short_title":"3PL Market","score":1,"hash_url":"98483f7d257badbdcfde76af1bba8a85","seo_link_text":"3PL Market"}],"other_reports":[{"short_title":"United States Hydropower Market","slug":"usa-hydropower-market","id":90575,"score":3,"hash_url":"643206a48b48dd50f290df731f7f6754"},{"short_title":"Europe Aircraft MRO Market","slug":"europe-aircraft-mro-market","id":70065,"score":2,"hash_url":"6439fb5916d763e93876314b2676d804","seo_link_text":"Europe Aircraft MRO Market"},{"slug":"portable-ultrasound-bladder-scanner-market","id":67821,"short_title":"Portable Ultrasound Bladder Scanner Market","score":2,"hash_url":"643d7370f5948e1d1e7c1b6b291067c6"},{"id":51231,"slug":"uae-diagnostic-imaging-equipment-market-industry","short_title":"United Arab Emirates Diagnostic Imaging Equipment Market","score":1,"hash_url":"645f97da694a926e1cdaf577015a9d64"},{"short_title":"Fiber Reinforced Polymer Market","slug":"fiber-reinforced-polymer-frp-composites-market","id":69250,"score":2,"hash_url":"6462a00c29780e6b8be75ec52636ecf3","seo_link_text":"Fiber Reinforced Polymer Market"}]},"faqs_heading":"Air Freight Market Research Faqs","htags_updated":true,"related_reports_heading":"Related Reports","toc_heading":"Air Freight Market Report - Table of Contents","score":1,"hash_url":"642a92353703e09e4c2ca34b9186cfac","seo_text_heading":"Air Freight Industry Report","reseller_graph_updated":true,"company_keywords":"FedEx (Federal Express) Corporation, United Parcel Service Inc., The Emirates Group, Japan Airlines Co. 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The report covers the Air Freight Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Freight Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. <a href='https://www.mordorintelligence.com/industry-reports/global-air-freight-market'>Read More</a>" } } , { "@type": "Question", "name": "What is the impact of e-commerce on the Air Freight Market?", "acceptedAnswer": { "@type": "Answer", "text": "E-commerce has had a significant and transformative impact on the Air Freight Market, acting as a major driver of its growth and shaping its future landscape. <a href='https://www.mordorintelligence.com/industry-reports/global-air-freight-market'>Read More</a>" } } , { "@type": "Question", "name": "What are the upcoming trends in the Air Freight Industry?", "acceptedAnswer": { "@type": "Answer", "text": "The upcoming trends in the Air Freight Industry are A) The growing utilization of Artificial Intelligence and Machine Learning tools to enhance logistics and supply chain operations b) Growing demand for swift and efficient international shipping intensifies <a href='https://www.mordorintelligence.com/industry-reports/global-air-freight-market'>Read More</a>" } } ] } </script> <script type="application/ld+json"> { "@context":"https://schema.org/", "@type":"Dataset", "name":"Air Freight Market Global | Industry Analysis, Size & Outlook Report", "description":"The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments.", "url":"https://www.mordorintelligence.com/industry-reports/global-air-freight-market", "license" : "https://www.mordorintelligence.com/privacy-policy", "distribution":[ { "@type":"DataDownload", "encodingFormat":"pdf,excel,csv,ppt", "contentUrl":"https://www.mordorintelligence.com" } ], "creator":{ "@type":"Organization", "url": "https://www.mordorintelligence.com/#organization", "name":"Mordor Intelligence", "logo":{ "@type":"ImageObject", "url":"https://www.mordorintelligence.com/express-img/MI_icon.png" } }, "temporalCoverage":"2019 - 2029", "spatialCoverage": "Global" } </script> <script>(function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'8ebe82b5ad9d40f1',t:'MTczMzE3NTk5Ni4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body> </html>

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Air Freight Market Global | Industry Analysis, Size & Outlook Report