Air Cargo Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Air Mail and Air Freight), Service (Express and Regular), and End User (Retail, Pharmaceutical & Healthcare, Food & Beverage, Consumer Electronics, Automotive, and Others)

List of Tables

The air cargo market is expected to grow to US$ 175.24 billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2022 to 2028.

Online retailing attracts more prospective customers than brick and mortar-based competitors due to the global scale of the internet. In addition, e-commerce market players opt for a variety of logistics options such as the surface transport and air transport to deliver packages to their customers. Therefore, as the global e-commerce market is growing, varying buying patterns and trends have been observed in different countries. Majority of the purchase is influenced by the demographics of the country such as the percentage of the youth population indulging in e-commerce activity, the economy of the country, age group interested in e-commerce, and the level of awareness in the country. Thus, e-commerce is a future growth driver for the air cargo market growth, as online shopping boosts the demand for parcel delivery services worldwide. Air cargo is well-positioned to serve customer's needs and deliver their goods globally with speed, efficiency, and reliability. The fast-growing cross-border e-commerce market remains a key driver, along with high domestic volumes sent by large and small e-retailers. Such factors are driving the air cargo market growth across different regions.

COVID-19 Pandemic Impact on Air Cargo Market

Asia Pacific is characterized by a large number of developing countries, a high industrial presence, and a positive economic outlook. Air cargo demand has witnessed growth in the region since the emergence of the COVID-19 crisis, with the Pacific Rim driving most of the growth. The region has benefited from the pickup in economic activity. The rebound in Asia Pacific international CTKs slightly accelerated as airlines added more capacity on the routes. For instance, two leading industry associations estimated positive forecasts for 2021, i.e., Boeing telling air cargo shippers that it will produce more aircraft in the future. In addition, according to IATA, international air cargo grew by 10.5% in February 2021 compared to the same month in 2019. Furthermore, the region's airlines reported the highest international load factor at 74.0%. Hence, the COVID-19 pandemic is positively impacting the air cargo market in Asia Pacific.

Moreover, in FY 2020, despite the COVID-19 pandemic, the demand for air cargo in Asia Pacific region has been driven by large transportation of medical and pharmaceutical products along with COVID vaccines across different Asian countries. For instance, in 2020, China Airline's cargo team was chosen to transport the Moderna and AstraZeneca vaccines from Luxembourg, Amsterdam, Bangkok, Memphis and other locations back to Taiwan. Furthermore, in 2020, Chinese Airlines network was also used to transport vaccines to other countries. Such operations have driven the demand for air cargo services in the Asia Pacific region during the COVID-19 pandemic of FY 2020. Additionally, in 2021, several air cargo vendors have also partnered with different vaccine manufacturing companies too transfer, supply, and distribute the vaccines to other countries after the vaccine development in 2021. For instance, in 2021, DHL Global Forwarding Japan and ANA partnered for delivery of Pfizer's COVID-19 vaccine across Japanese cities. Such developments have driven the air cargo market in Asia Pacific region in the FY 2020-2021. However, the growth of the air cargo market in Asia Pacific declined in 2020 due to a lack of B2B supplies across the countries.

A few of the key global air cargo market players that are profiled in the market study include Cathay Pacific Cargo, UPS, DHL, Lufthansa, and FEDEX Corporation. Several other air cargo market players have been analyzed to get a holistic view of the global air cargo market size and its ecosystem.

The overall air cargo market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the air cargo market. The process also serves the purpose of obtaining an overview and forecast of the air cargo market size with respect to all air cargo market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants typically involved in this process include VPs, business development managers, air cargo market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the air cargo market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global air cargo market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global air cargo market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPTE100001311

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Global Air Cargo Market - By Type
- 1.3.2 Global Air Cargo Market - By Service
- 1.3.3 Global Air Cargo Market - By End User
- 1.3.4 Global Air Cargo Market - By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Air Cargo Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 APAC
- 4.2.4 MEA
- 4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Air Cargo Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Rapid Adoption of E-Commerce Platforms
- 5.1.2 Constant Need to Transport Temperature-Sensitive Products
5.2 Market Restraints
- 5.2.1 Market Uncertainty
- 5.2.2 Complexity of Temperature-Sensitive Cargo
5.3 Opportunity
- 5.3.1 Expanding Airport Infrastructure and New Policies
5.4 Future trends
- 5.4.1 Intelligent Cold Chain Solutions
- 5.4.2 Implementation of Several Software Solutions
5.5 Impact analysis of drivers & restraints

6. Air Cargo Market - Global Market Analysis

6.1 Air Cargo Market Overview
6.2 Air Cargo Market Revenue and Forecast to 2028(US$ Billion)
6.3 Market Positioning - Five Key Players

7. Air Cargo Market Analysis - By Type

7.1 Overview
7.2 Air Cargo Market Breakdown, By Type (2021 and 2028)
7.3 Air Mail
- 7.3.1 Overview
- 7.3.2 Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
7.4 Air Freight
- 7.4.1 Overview
- 7.4.2 Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

8. Air Cargo Market Analysis- By Service

8.1 Overview
8.2 Air Cargo Market Breakdown, By Service (2021 and 2028)
8.3 Express
- 8.3.1 Overview
- 8.3.2 Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
8.4 Regular
- 8.4.1 Overview
- 8.4.2 Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9. Air Cargo Market Analysis - By End User

9.1 Overview
9.2 Air Cargo Market, By End User (2021 and 2028)
9.3 Retail
- 9.3.1 Overview
- 9.3.2 Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.4 Pharmaceutical & Healthcare
- 9.4.1 Overview
- 9.4.2 Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.5 Food & Beverage
- 9.5.1 Overview
- 9.5.2 Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.6 Consumer Electronics
- 9.6.1 Overview
- 9.6.2 Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.7 Automotive
- 9.7.1 Overview
- 9.7.2 Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.8 Others
- 9.8.1 Overview
- 9.8.2 Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

10. Air Cargo Market - Geographic Analysis

10.1 Overview
10.2 North America: Air Cargo Market
- 10.2.1 North America: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
- 10.2.2 North America: Air Cargo Market, by Type
- 10.2.3 North America: Air Cargo Market, by Service
- 10.2.4 North America: Air Cargo Market, by End User
- 10.2.5 North America: Air Cargo Market, by Key Country
  - 10.2.5.1 US: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.2.5.1.1 US: Air Cargo Market, by Type
    - 10.2.5.1.2 US: Air Cargo Market, by Service
    - 10.2.5.1.3 US: Air Cargo Market, by End User
  - 10.2.5.2 Canada: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.2.5.2.1 Canada: Air Cargo Market, by Type
    - 10.2.5.2.2 Canada: Air Cargo Market, by Service
    - 10.2.5.2.3 Canada: Air Cargo Market, by End User
  - 10.2.5.3 Mexico: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.2.5.3.1 Mexico: Air Cargo Market, by Type
    - 10.2.5.3.2 Mexico: Air Cargo Market, by Service
    - 10.2.5.3.3 Mexico: Air Cargo Market, by End User
10.3 Europe: Air Cargo Market
- 10.3.1 Europe: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
- 10.3.2 Europe: Air Cargo Market, by Type
- 10.3.3 Europe: Air Cargo Market, by Service
- 10.3.4 Europe: Air Cargo Market, by End User
- 10.3.5 Europe: Air Cargo Market, by Key Country
  - 10.3.5.1 France: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.3.5.1.1 France: Air Cargo Market, by Type
    - 10.3.5.1.2 France: Air Cargo Market, by Service
    - 10.3.5.1.3 France: Air Cargo Market, by End User
  - 10.3.5.2 Germany: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.3.5.2.1 Germany: Air Cargo Market, by Type
    - 10.3.5.2.2 Germany: Air Cargo Market, by Service
    - 10.3.5.2.3 Germany: Air Cargo Market, by End User
  - 10.3.5.3 Italy: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.3.5.3.1 Italy: Air Cargo Market, by Type
    - 10.3.5.3.2 Italy: Air Cargo Market, by Service
    - 10.3.5.3.3 Italy: Air Cargo Market, by End User
  - 10.3.5.4 UK: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.3.5.4.1 UK: Air Cargo Market, by Type
    - 10.3.5.4.2 UK: Air Cargo Market, by Service
    - 10.3.5.4.3 UK: Air Cargo Market, by End User
  - 10.3.5.5 Russia: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.3.5.5.1 Russia: Air Cargo Market, by Type
    - 10.3.5.5.2 Russia: Air Cargo Market, by Service
    - 10.3.5.5.3 Russia: Air Cargo Market, by End User
  - 10.3.5.6 Rest of Europe: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.3.5.6.1 Rest of Europe: Air Cargo Market, by Type
    - 10.3.5.6.2 Rest of Europe: Air Cargo Market, by Service
    - 10.3.5.6.3 Rest of Europe: Air Cargo Market, by End User
10.4 Asia Pacific: Air Cargo Market
- 10.4.1 Asia Pacific: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
- 10.4.2 Asia Pacific: Air Cargo Market, by Type
- 10.4.3 Asia Pacific: Air Cargo Market, by Service
- 10.4.4 Asia Pacific: Air Cargo Market, by End User
- 10.4.5 Asia Pacific: Air Cargo Market, by Key Country
  - 10.4.5.1 Australia: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.4.5.1.1 Australia: Air Cargo Market, by Type
    - 10.4.5.1.2 Australia: Air Cargo Market, by Service
    - 10.4.5.1.3 Australia: Air Cargo Market, by End User
  - 10.4.5.2 China: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.4.5.2.1 China: Air Cargo Market, by Type
    - 10.4.5.2.2 China: Air Cargo Market, by Service
    - 10.4.5.2.3 China: Air Cargo Market, by End User
  - 10.4.5.3 India: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.4.5.3.1 India: Air Cargo Market, by Type
    - 10.4.5.3.2 India: Air Cargo Market, by Service
    - 10.4.5.3.3 India: Air Cargo Market, by End User
  - 10.4.5.4 Japan: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.4.5.4.1 Japan: Air Cargo Market, by Type
    - 10.4.5.4.2 Japan: Air Cargo Market, by Service
    - 10.4.5.4.3 Japan: Air Cargo Market, by End User
  - 10.4.5.5 South Korea: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.4.5.5.1 South Korea: Air Cargo Market, by Type
    - 10.4.5.5.2 South Korea: Air Cargo Market, by Service
    - 10.4.5.5.3 South Korea: Air Cargo Market, by End User
  - 10.4.5.6 Rest of Asia Pacific: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.4.5.6.1 Rest of Asia Pacific: Air Cargo Market, by Type
    - 10.4.5.6.2 Rest of Asia Pacific: Air Cargo Market, by Service
    - 10.4.5.6.3 Rest of Asia Pacific: Air Cargo Market, by End User
10.5 Middle East & Africa (MEA): Air Cargo Market
- 10.5.1 MEA: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
- 10.5.2 MEA: Air Cargo Market, by Type
- 10.5.3 MEA: Air Cargo Market, by Service
- 10.5.4 MEA: Air Cargo Market, by End User
- 10.5.5 MEA: Air Cargo Market, by Key Country
  - 10.5.5.1 Saudi Arabia: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.5.5.1.1 Saudi Arabia: Air Cargo Market, by Type
    - 10.5.5.1.2 Saudi Arabia: Air Cargo Market, by Service
    - 10.5.5.1.3 Saudi Arabia: Air Cargo Market, by End User
  - 10.5.5.2 UAE: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.5.5.2.1 UAE: Air Cargo Market, by Type
    - 10.5.5.2.2 UAE: Air Cargo Market, by Service
    - 10.5.5.2.3 UAE: Air Cargo Market, by End User
  - 10.5.5.3 South Africa: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.5.5.3.1 South Africa: Air Cargo Market, by Type
    - 10.5.5.3.2 South Africa: Air Cargo Market, by Service
    - 10.5.5.3.3 South Africa: Air Cargo Market, by End User
  - 10.5.5.4 Rest of MEA: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.5.5.4.1 Rest of MEA: Air Cargo Market, by Type
    - 10.5.5.4.2 Rest of MEA: Air Cargo Market, by Service
    - 10.5.5.4.3 Rest of MEA: Air Cargo Market, by End User
10.6 South America: Air Cargo Market
- 10.6.1 South America: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
- 10.6.2 South America: Air Cargo Market, by Type
- 10.6.3 South America: Air Cargo Market, by Service
- 10.6.4 South America: Air Cargo Market, by End User
- 10.6.5 South America: Air Cargo Market, by Key Country
  - 10.6.5.1 Brazil: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.6.5.1.1 Brazil: Air Cargo Market, by Type
    - 10.6.5.1.2 Brazil: Air Cargo Market, by Service
    - 10.6.5.1.3 Brazil: Air Cargo Market, by End User
  - 10.6.5.2 Argentina: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.6.5.2.1 Argentina: Air Cargo Market, by Type
    - 10.6.5.2.2 Argentina: Air Cargo Market, by Service
    - 10.6.5.2.3 Argentina: Air Cargo Market, by End User
  - 10.6.5.3 Rest of SAM: Air Cargo Market - Revenue and Forecast to 2028 (US$ Billion)
    - 10.6.5.3.1 Rest of SAM: Air Cargo Market, by Type
    - 10.6.5.3.2 Rest of SAM: Air Cargo Market, by Service
    - 10.6.5.3.3 Rest of SAM: Air Cargo Market, by End User

11. Air Cargo Market- COVID-19 Impact Analysis

11.1 Overview
11.2 North America
11.3 Europe
11.4 APAC
11.5 Middle East & Africa
11.6 South America

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger & Acquisition

13. Company Profiles

13.1 ANA Cargo
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Cargolux
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Cathay Pacific Airways Limited
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 DHL International GmbH (Deutsche Post DHL Group)
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Emirates SkyCargo
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Etihad Cargo
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 FedEx Corporation
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 United Parcel Service of America, Inc.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Zela Aviation The Air Charter Company
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Lufthansa Cargo AG
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index