AIR FREIGHT SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

The global air freight services market has been witnessing significant growth in the recent years. Air freight plays a vital role in the transportation of time-sensitive cargo such as perishable items, urgent documents and high value goods across borders. It allows just-in-time delivery while ensuring safety of shipments. Factors such as growing e-commerce sector, increasing export-import activities between countries and rising demand for reliable delivery of goods are fueling the demand for air freight services globally. Additionally, growing focus of companies towards reducing transportation time and ensuring timely supply of goods to customers is propelling the market growth. However, factors such as high operating costs associated with air freight and unstable crude oil prices pose challenges for smooth operations of players in this market. But ongoing developments in fleet, advanced technologies, innovation, and emerging economies are expected to offer lucrative opportunities for air freight services providers over the coming years.

Market Dynamics:

The global air freight services market is driven by factors such as growing cross-border e-commerce activities, increasing exports of perishable goods and demand for quick delivery of time-sensitive products. However, high operating costs associated with air freight transportation pose as a major challenge for the market. Furthermore, fluctuation in crude oil prices leading to volatility in jet fuel prices act as a key restraining factor. On the other hand, development of efficient aircraft fleet with focus on reducing fuel consumption, growing seaborne trade offering opportunities for air freight and adoption of advanced technologies such as predictive analytics, Blockchain, and IoT in freight management present lucrative growth opportunities for market players. Technologies help enhance supply chain visibility, cargo security, fleet management, and operational efficiency. Furthermore, expansion of airport infrastructure especially in emerging countries of Asia Pacific and Latin America is expected to present new growth avenues during the forecast period.

Key Features of the Study:

- This report provides in-depth analysis of the global air freight services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global air freight services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include American Airlines, CargoLux Airlines International S.A., DB Schenker, Delta Airlines, DHL Group, DSV, Emirates, Etihad Airways, FedEx Corporation, Korean Air Lines Co. Ltd., Kuehne and Nagel, Lufthansa, Qatar Airways, Singapore Airlines, United Airlines, and UPS

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global air freight services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global air freight services market

Detailed Segmentation:

• By Services
• • Freight
  • Express
  • Mail
  • Other
• By Destination
• • Domestic
  • International
• By End User
• • Private
  • Commercial
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • American Airlines
  • CargoLux Airlines International S.A.
  • DB Schenker
  • Delta Airlines
  • DHL Group
  • DSV
  • Emirates
  • Etihad Airways
  • FedEx Corporation
  • Korean Air Lines Co. Ltd.
  • Kuehne and Nagel
  • Lufthansa
  • Qatar Airways
  • Singapore Airlines
  • United Airlines
  • UPS