PUBLISHER: Grand View Research | PRODUCT CODE: 1530138
PUBLISHER: Grand View Research | PRODUCT CODE: 1530138
Market Size & Trends
The global air cargo and freight logistics market size was estimated at USD 61.72 billion in 2023 and is anticipated to grow at a CAGR of 12.5% from 2024 to 2030. Air transportation is one of the fastest modes of transportation available, making it ideal for transporting time-sensitive products, such as perishable goods and high-value items requiring urgent delivery. The primary advantage of air transport in logistics is the speed of delivery.
Logistics providers specializing in air transportation management offer several services to their clients, including carrier selection, route optimization, and customs brokerage. These services ensure that goods are transported quickly and efficiently while complying with all regulatory requirements. The rapid growth of the global e-commerce sector and the development of new technologies are significant drivers of demand in the logistics market. Emerging economies, such as India, often lack the internal infrastructure to address logistics challenges effectively, further boosting the industry's growth. The rise of online shopping has increased the need for efficient logistics solutions to handle the surge in delivery volumes.
The outbreak of COVID-19 has had a substantial impact on the logistics industry. Many manufacturing plants were temporarily shut down, and production units faced labor shortages, causing significant disruptions in the supply chain during the first two quarters of 2020. During the early stages of the pandemic, movement restrictions, supply and demand imbalances, limited capacity for long-haul and last-mile fulfillment services, and international border closures hampered cross-border sales, negatively affecting the market growth. However, the pandemic also accelerated the adoption of digital solutions and innovations in logistics, leading to long-term benefits for the industry.
Moreover, the increasing focus on sustainability and reducing carbon footprints is pushing logistics providers to adopt greener practices and technologies. The integration of artificial intelligence, big data analytics, and IoT in logistics operations is enhancing efficiency, predictive maintenance, and real-time tracking, thereby driving market growth.
Global Air Cargo And Freight Logistics Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global air cargo and freight logistics market report based on destination, service, application, and region.
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
KSA
UAE
South Africa