PUBLISHER: Grand View Research | PRODUCT CODE: 1554082
PUBLISHER: Grand View Research | PRODUCT CODE: 1554082
The global air freight market size was valued at USD 257.44 billion in 2023 and is expected to grow at a CAGR of 10.3% from 2024 to 2030. Air freight encompasses the transportation of goods via commercial aircraft. It is a critical Destination of the global supply chain, facilitating the rapid movement of high-value, time-sensitive, or perishable products across international borders. The market comprises various stakeholders, including airlines, freight forwarders, cargo handling agents, customs brokers, and shippers.
The air freight industry has experienced substantial growth in recent years, driven by a confluence of factors. The burgeoning e-commerce sector has significantly boosted demand for rapid, cross-border transportation. As consumers increasingly expect swift deliveries, air freight has become an indispensable Destination of the supply chain. Moreover, the COVID-19 pandemic exposed vulnerabilities in traditional logistics models, emphasizing the critical role of air freight in ensuring business continuity. Companies are now prioritizing supply chain resilience and diversification, leading to increased reliance on air cargo.
Technological advancements are revolutionizing the air freight industry. The integration of blockchain, artificial intelligence, and the Internet of Things (IoT) is enhancing supply chain visibility, optimizing operations, and improving security. These technologies enable real-time tracking of shipments, predictive maintenance of aircraft, and streamlined customs clearance processes. Additionally, growing environmental concerns have prompted industry to adopt sustainable practices. Airlines and cargo handlers are investing in fuel-efficient aircraft, exploring alternative fuels, and implementing carbon reduction initiatives to minimize their ecological footprint.
The air freight industry operates within a complex and intricate regulatory framework imposed by both national and international authorities. To ensure safety, security, and efficiency, a multitude of regulations govern various aspects of the industry. The International Air Transport Association (IATA) establishes global standards for cargo handling, security, and environmental protection. Complementing this, the International Civil Aviation Organization (ICAO) sets forth comprehensive regulations for civil aviation, encompassing airworthiness, air traffic management, and security measures.
Additionally, customs regulations, which vary significantly between countries, dictate the clearance and movement of goods across borders. Given the sensitive nature of air cargo, stringent security protocols, such as those implemented by the Transportation Security Administration (TSA) in the U.S., are essential to protect against threats. Adherence to this complex regulatory landscape is paramount for air freight operators to maintain compliance, mitigate risks, and ensure the seamless flow of goods across international borders.
The market is propelled by several key factors. Robust economic growth globally fuels increased trade, necessitating efficient transportation solutions, which air freight excels at providing. Industries reliant on timely delivery of critical goods, such as healthcare, high-tech, and fashion, heavily depend on air cargo. Additionally, the transportation of perishable items like fresh produce and pharmaceuticals demands the speed and reliability that air freight offers. In times of crisis, air freight plays a crucial role in delivering humanitarian aid and disaster relief supplies.
These factors present substantial opportunities for air freight companies. Expanding air cargo networks through new routes and increased capacity can capitalize on growing market demand. Diversifying service offerings beyond core transportation, such as customs brokerage, warehousing, and comprehensive supply chain management, can enhance revenue streams. Embracing technological advancements can streamline operations, reduce costs, and improve customer satisfaction. Finally, adopting sustainable practices aligns with increasing environmental consciousness, attracting eco-conscious customers and bolstering brand reputation.
Global Air Freight Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global air freight market report based on service, destination, end use, and region.
List of tables
Table 1 Air Freight market, (USD Billion) 2017 - 2030
Table 2 Global market estimates and forecasts, by region, 2017 - 2030 (USD Billion)
Table 3 Global market estimates and forecasts, By Service, 2017 - 2030 (USD Billion)
Table 4 Global market estimates and forecasts, by Destination, 2017 - 2030 (USD Billion)
Table 5 Global market estimates and forecasts, by End Use, 2017 - 2030 (USD Billion)
Table 6 Freight Services Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 7 Express Services Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 8 Mail Services Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 9 Other Services Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 10 Overload Relays Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 11 Domestic Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 12 International Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 13 Private Others Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 14 Commercial Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 15 Retail and E-commerce Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 16 Manufacturing Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 17 Healthcare Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 18 Automotive Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 19 Perishable Goods Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 20 Others Air Freight market, by region, 2017 - 2030 (USD Billion)
Table 21 North America Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 22 North America Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 23 North America Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 24 U.S. Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 25 U.S. Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 26 U.S. Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 27 Canada Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 28 Canada Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 29 Canada Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 30 Mexico Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 31 Mexico Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 32 Mexico Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 33 Europe Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 34 Europe Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 35 Europe Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 36 Germany Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 37 Germany Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 38 Germany Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 39 U.K. Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 40 U.K. Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 41 U.K. Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 42 France Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 43 France Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 44 France Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 45 Italy Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 46 Italy Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 47 Italy Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 48 Spain Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 49 Spain Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 50 Spain Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 51 Asia Pacific Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 52 Asia Pacific Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 53 Asia Pacific Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 54 China Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 55 China Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 56 China Air Freight market, by End Use, 2017 - 2030 (USD 6Million)
Table 57 India Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 58 India Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 59 India Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 60 Japan Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 61 Japan Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 62 Japan Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 63 Australia Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 64 Australia Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 65 Australia Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 66 South Korea Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 67 South Korea Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 68 South Korea Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 69 Latin America Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 70 Latin America Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 71 Latin America Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 72 Brazil Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 73 Brazil Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 74 Brazil Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 75 Middle East & Africa Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 76 Middle East & Africa Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 77 Middle East & Africa Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 78 United Arab Emirates (UAE) Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 79 United Arab Emirates (UAE) Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 80 United Arab Emirates (UAE) Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 81 Kingdom of Saudi Arabia (KSA) Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 82 Kingdom of Saudi Arabia (KSA) Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 83 Kingdom of Saudi Arabia (KSA) Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 84 South Africa Air Freight market, By Service, 2017 - 2030 (USD Billion)
Table 85 South Africa Air Freight market, by Destination, 2017 - 2030 (USD Billion)
Table 86 South Africa Air Freight market, by End Use, 2017 - 2030 (USD Billion)
Table 87 Company Market Share, 2023
Table 88 Key companies undergoing expansion
Table 89 Key companies undergoing collaborations
Table 90 Key companies undergoing new product launch
Table 91 Key companies undergoing mergers & acquisitions
Table 92 Key companies undergoing other strategies