Air Cargo Market Size

Air Cargo Market Size

Air Cargo Market size was valued at USD 200 billion in 2022 and is anticipated to grow at a CAGR of 5% between 2023 and 2032, attributed to the rising need to transport high-value & time-sensitive products such as electronics, pharmaceuticals, perishable and auto parts. Air cargo has the advantage of speed and security along with being equipped to handle shipments containing delicate items. The growth in industries relying on these products will lead to an increased demand for air services to transport them. Air cargo plays an important role in the efficient & timely delivery of goods owing to rapid technological development and the international distribution of electronic goods.

To get key market trends

  Download Free Sample

Air cargo refers to the transportation of goods & equipment by private cargo aircraft or using the cargo capacity of passenger aircraft. It includes the movement of all kinds of goods including raw materials, finished goods, valuables, perishables, chemicals, and electronics.

Fuel costs have a significant impact on the operating costs of airlines including the cost of cargo. Rising fuel prices directly affect the profit margins of the airlines and the total cost of shipping the product. Changes in fuel prices can also affect the profitability & pricing strategies of air cargo operators, disrupting the air cargo market size.