AIR CARGO AND FREIGHT LOGISTICS MARKET ANALYSIS

Air Cargo And Freight Logistics MarketSize and Trends

Emerging e-commerce industry is expected to drive growth of the air cargo and freight logistic market

The increasing number of internet users and wide range of products offered by the e-commerce companies have propelled growth of the e-commerce industry in the recent years. Moreover, due to the e-commerce platforms, the end users are now able to buy products from any remote locations.  For instance, according to Coherent Market Insights  analysis, global e-commerce sales accounted for US$ 3.62 trillion in 2019, and is expected to reach US$ 6.54 trillion by 2022. Due to the rising e-commerce industry and developed mode of transportations, companies are able to sell their products in number of countries. E-commerce companies are using hybrid modes of transportation, which include air transportation to deliver the products across the regions. This is expected to drive growth of the air cargo and freight logistic market.

Furthermore the increasing consumer demand for perishable products is expected to drive the air cargo and freight logistic market during the forecast period. For instance, according to the Coherent Market Insights analysis the global perishable market accounted for US$ 13,200 million in 2018 and is estimated to exhibit a CAGR of 6.7% during the forecast period. Moreover, perishable food items such as mangoes weighting 52,320.6 tons were exported from India in 2018. Perishable food items require fastest mode of transportations such as air. Owing to all these reasons, the air cargo and logistic market is expected to witness significant growth over the forecast period.