Air Freight Services Market, By Services (Freight, Express, Mail, and Other), By Destination (Domestic and International), By End User (Private and Commercial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The global air freight services market is estimated to be valued at US$ 151.02 Bn in 2024 and is expected to reach US$ 223.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 151.02 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.80%	2031 Value Projection:	US$ 223.43 Bn

Figure. Air Freight Services Market Share (%), By Region 2024

The global air freight services market has been witnessing significant growth in the recent years. Air freight plays a vital role in the transportation of time-sensitive cargo such as perishable items, urgent documents and high value goods across borders. It allows just-in-time delivery while ensuring safety of shipments. Factors such as growing e-commerce sector, increasing export-import activities between countries and rising demand for reliable delivery of goods are fueling the demand for air freight services globally. Additionally, growing focus of companies towards reducing transportation time and ensuring timely supply of goods to customers is propelling the market growth. However, factors such as high operating costs associated with air freight and unstable crude oil prices pose challenges for smooth operations of players in this market. But ongoing developments in fleet, advanced technologies, innovation, and emerging economies are expected to offer lucrative opportunities for air freight services providers over the coming years.

Market Dynamics:

The global air freight services market is driven by factors such as growing cross-border e-commerce activities, increasing exports of perishable goods and demand for quick delivery of time-sensitive products. However, high operating costs associated with air freight transportation pose as a major challenge for the market. Furthermore, fluctuation in crude oil prices leading to volatility in jet fuel prices act as a key restraining factor. On the other hand, development of efficient aircraft fleet with focus on reducing fuel consumption, growing seaborne trade offering opportunities for air freight and adoption of advanced technologies such as predictive analytics, Blockchain, and IoT in freight management present lucrative growth opportunities for market players. Technologies help enhance supply chain visibility, cargo security, fleet management, and operational efficiency. Furthermore, expansion of airport infrastructure especially in emerging countries of Asia Pacific and Latin America is expected to present new growth avenues during the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global air freight services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global air freight services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include American Airlines, CargoLux Airlines International S.A., DB Schenker, Delta Airlines, DHL Group, DSV, Emirates, Etihad Airways, FedEx Corporation, Korean Air Lines Co. Ltd., Kuehne and Nagel, Lufthansa, Qatar Airways, Singapore Airlines, United Airlines, and UPS

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global air freight services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global air freight services market

Detailed Segmentation:

By Services
- Freight
- Express
- Mail
- Other
By Destination
- Domestic
- International
By End User
- Private
- Commercial
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- American Airlines
- CargoLux Airlines International S.A.
- DB Schenker
- Delta Airlines
- DHL Group
- DSV
- Emirates
- Etihad Airways
- FedEx Corporation
- Korean Air Lines Co. Ltd.
- Kuehne and Nagel
- Lufthansa
- Qatar Airways
- Singapore Airlines
- United Airlines
- UPS

Product Code: CMI7157

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Services
- Market Snippet, By Destination
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Air Freight Services Market, By Services, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Freight
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Express
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Mail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Air Freight Services Market, By Destination, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Domestic
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
International
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Air Freight Services Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Private
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Air Freight Services Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Services, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Destination, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Services, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Destination, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Services, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Destination, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Services, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Destination, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Services, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Destination, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- American Airlines
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CargoLux Airlines International S.A.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DB Schenker
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Delta Airlines
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DHL Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DSV
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Emirates
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Etihad Airways
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- FedEx Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Korean Air Lines Co. Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kuehne and Nagel
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lufthansa
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Qatar Airways
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Singapore Airlines
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- United Airlines
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- UPS
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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