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Air Cargo Market Trends

Report ID: GMI5900
Published Date: May 2023
Report Format: PDF

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Air Cargo Market Trends

The rapid growth in e-commerce has pivoted the consumer market toward online platforms. Consumers now expect faster delivery times and smooth deliveries. To meet these expectations, e-commerce companies rely on the speed & efficiency of cross-border air transport. In addition, e-commerce companies use inventory management strategies including just-in-time inventory & drop shipping models to reduce transportation costs and increase efficiency. Air cargo plays an important role in supporting these strategies by ensuring the timely movement of goods and enabling businesses to keep low inventories while fulfilling orders quickly.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of air cargo was exceeded USD 200 billion in 2022 and is set to expand at over 5% CAGR between 2023 and 2032, attributed to the rising need for transporting high-value & time-sensitive products such as electronics, pharmaceuticals, perishable, and auto parts.

The express segment will grow at a CAGR of over 5.5% through 2032, backed by the growth in e-commerce requiring air freight services, along with the demand among online retailers for fast & reliable deliveries to meet customer demands.

Asia Pacific market dominated over 30% revenue share in 2022, owing to the economic growth with increase in the purchasing power of consumers, and rising e-commerce sales.

ANA Cargo, Cargolux, Cathay Pacific Airways Limited, Cathay Pacific Airways Limited, China Airlines Ltd., Delta Air Lines, Inc., DHL International GmbH, Etihad Cargo, FedEx Corporation, Kuehne+Nagel International AG, Lufthansa Airlines, Nippon Express, United Airlines, and United Parcel Service, Inc. (UPS).