PUBLISHER: Market Research Future | PRODUCT CODE: 1660628
PUBLISHER: Market Research Future | PRODUCT CODE: 1660628
Report on India Air Cargo Market Research Information Service Type (Airport-to-Airport, Door-to-Door, Freight Forwarding, and Others), by Aircraft Type (Narrow-body Freighters, Wide-body Freighters, Very Large Freight, and Others), by Delivery Time (Normal Delivery, Same-Day Delivery, and Express Delivery), by Airport Type (Dedicated Cargo Airports, Mixed-Use Airport, and Others) Forecast to 2032
The market for air cargo is anticipated to increase significantly throughout the study period, with a compound annual growth rate (CAGR) of 8.25%. By the conclusion of the projection period (2024-2032), the market is anticipated to have grown from its 2023 valuation of USD 10,212.34 million to USD 20,563.72 million.
The swift expansion of e-commerce is driving the air cargo business in India, necessitating prompt and effective logistics solutions. Businesses are now forced to rely on air freight to move goods across the nation due to the significant increase in demand for quick delivery services brought about by the growth of online shopping. Additionally, the government's "Make in India" initiative is stimulating production and raising demand for air cargo to facilitate the movement of goods, especially in industries like electronics, medicines, and auto components. Because these industries demand reliable and quick delivery options, air cargo is an essential component of the supply chain.
India's air cargo business is being driven by the growing e-commerce sector and the growing demand for quick logistical solutions. Due to the increase in online purchasing, businesses are relying more and more on-air cargo to deliver goods quickly across the nation, particularly in sectors like electronics, pharmaceuticals, and auto parts where swift shipping is crucial.
The increasing investment in logistics hubs and airport infrastructure is another important factor. By building new cargo terminals and enlarging existing ones, the Indian government is enhancing the nation's air cargo infrastructure in collaboration with private sector players. By making rural areas more accessible, programs like the UDAN (Ude Dash ka Aam Naagrik) strategy, which emphasizes regional air connectivity, support the growth of the air freight industry. Additionally, international businesses are being drawn to the aviation industry by the liberalization of aviation policy and the easing of restrictions on FDI, which has increased market efficiency and competitiveness.
Segmentation of Market
The India Air Cargo Market has been divided into four segments based on the kind of service: freight forwarding, door-to-door, airport-to-airport, and others.
The market has been divided into three segments based on the kind of aircraft: narrow-body freighters, wide-body freighters, very large freight, and others.
The India Air Cargo Market has been divided into three segments based on delivery time: Normal Delivery, Same-Day Delivery, and Express Delivery.
The Market has been divided into Dedicated Cargo Airports, Mixed-Use Airports, and Others based on the Airport Type in connection type.
Blue Dart Aviation, SpiceXpress, IndiGo Cargo, Air India Cargo, Fulcrumslgroup, Vistara Cargos, Quikjet Cargo, FedEx Express, DHL Express India, and DTDC Express Limited are the major participants in the Indian air cargo market.