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Global Air Cargo Service Market to reach USD 196 billion by the end of 2030.

Global Air Cargo Service Market Size study & Forecast, by Type (Air Mail, Air Freight) by Service (Express, Regular), by End User (Retail, Pharmaceuticals & Healthcare, Food & Beverage, Consumer Electronics, Automotive and other) and Regional Analysis, 2023-2030

Product Code: ALTL-20436087
Publish Date: 1-07-2023
Page: 200

Global Air Cargo Service Market is valued approximately USD 123.9 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 5.90% over the forecast period 2023-2030. Air Cargo Service refers to the industry sector that provides the transportation and logistics facility for good and packages through air transportation. It encompasses the various activities involved in shipping cargo via aircraft, including the handling, storage and delivery of goods by air. Moreover, the growth of e-commerce and rapid infrastructural development emerge as to be the growth drivers of Global Air Cargo Service Market.

According to Statista in 2022, It was expected that the Chinese e-commerce market will generate approximately USD 1.5 trillion in revenue. The United States , which ranks second globally, is expected to contribute over half of China’s revenue, amounting to around USD 875 billion. Japan follows closely behind with an approximate revenue of USD 241 billion. According to the India Brand Equity Foundation (IBEF) in 2022, the projected growth of India’s logistic market is significant, with an expected value of USD 410.75 billion and is expected to grow USD 556.97 billion by 2027, reflecting a compound annual growth rate of 6.28%. India has set ambitious goal of for its logistics sector, aiming to improve its ranking in the logistic performance index to 25 and reduce the logistic cost from 14% to 8% of GDP. This reduction, amounting to approximately 40%, is targeted to be achieved within the next five years. These emerging factors may significantly lead the growth of Global Air Cargo Services Market. However, high operational cost and environmental Concern may hamper the growth of the market. Moreover, expansion in cross border trade and expansion of sustainable operations are expected to elevate the growth of the Global Air Cargo Services Market.

The key regions considered for the Global Air Cargo Service Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific region has the market dominance owing to the factors such as large population possess in this region, emerging. e-commerce market and so on. Similarly, Asia Pacific is also the fastest growing region owing to the fact that the companies are expanding their operation due to low cost of labor and availability of other resources to implement the connectivity with the rest of the world.

Major market player included in this report are:
ANA Holdings Inc.
Cargolux Airlines International SA
Cathay Pacific Airways Limited
DHL Air Cargo
Federal Express Corp.
United Parcel Services Inc.
Cargojet Inc.
AirBridge Cargo Airlines LLC
Emirates SkyCargo
Lufthansa Cargo AG

Recent Developments in the Market:
Ø In December 2022, Airport Authority of India (AAI) and other airport developers aims to invest around USD 11.8 billion in the airport sector. The investment was directed towards expanding and modifying existing terminals, constructing new terminals and enhancing runway infrastructure, among other related initiatives in the coming five years.

Ø In May 2023, in collaboration with RwandAir, Qatar Airways cargo has inaugurated its first hub, marking a significant milestone for the company. Operating twice a week, the Boeing 777 aircraft will transport cargo from Doha to Kigali. Qatar Airways cargo has also introduced intra-Africa services between Kigali and Lagos, with three flights per week, as well as a weekly service from Istanbul to Kigali via Doha, utilizing an Airbus A310 aircraft.
Global Air Cargo Service Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered -Type, Service, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Air Mail
Air freight

By Service:
Express
Regular

By end User:
Retail
Pharmaceuticals & Healthcare
Food & Beverage
Consumer Electronics
Automotive
Other
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Air Cargo Service Market, by Region, 2020-2030 (USD Billion)
1.2.2. Air Cargo Service Market, by Type, 2020-2030 (USD Billion)
1.2.3. Air Cargo Service Market, by Service, 2020-2030 (USD Billion)
1.2.4. Air Cargo Service Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Air Cargo Service Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Air Cargo Service Market Dynamics
3.1. Air Cargo Service Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growth of E-Commerce
3.1.1.2. Rapid Infrastructural Development
3.1.2. Market Challenges
3.1.2.1. High Operational Cost
3.1.2.2. Environmental Concern
3.1.3. Market Opportunities
3.1.3.1. Expansion in Cross Border Trade
3.1.3.2. Expansion of Sustainable Operation
Chapter 4. Global Air Cargo Service Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Air Cargo Service Market, by Type
5.1. Market Snapshot
5.2. Global Air Cargo Service Market by Type, Performance – Potential Analysis
5.3. Global Air Cargo Service Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Air Cargo Service Market, Sub Segment Analysis
5.4.1. Air Mail
5.4.2. Air Freight
Chapter 6. Global Air Cargo Service Market, by Service
6.1. Market Snapshot
6.2. Global Air Cargo Service Market by Service, Performance – Potential Analysis
6.3. Global Air Cargo Service Market Estimates & Forecasts by Service 2020-2030 (USD Billion)
6.4. Air Cargo Service Market, Sub Segment Analysis
6.4.1. Express
6.4.2. Regular
Chapter 7. Global Air Cargo Service Market, by End User
7.1. Market Snapshot
7.2. Global Air Cargo Service Market by End User, Performance – Potential Analysis
7.3. Global Air Cargo Service Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Air Cargo Service Market, Sub Segment Analysis
7.4.1. Retail
7.4.2. Pharmaceuticals & Healthcare
7.4.3. Food & Beverage
7.4.4. Consumer Electronics
7.4.5. Automotive
7.4.6. Other
Chapter 8. Global Air Cargo Service Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Air Cargo Service Market, Regional Market Snapshot
8.4. North America Air Cargo Service Market
8.4.1. U.S. Air Cargo Service Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Service breakdown estimates & forecasts, 2020-2030
8.4.1.3. End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Air Cargo Service Market
8.5. Europe Air Cargo Service Market Snapshot
8.5.1. U.K. Air Cargo Service Market
8.5.2. Germany Air Cargo Service Market
8.5.3. France Air Cargo Service Market
8.5.4. Spain Air Cargo Service Market
8.5.5. Italy Air Cargo Service Market
8.5.6. Rest of Europe Air Cargo Service Market
8.6. Asia-Pacific Air Cargo Service Market Snapshot
8.6.1. China Air Cargo Service Market
8.6.2. India Air Cargo Service Market
8.6.3. Japan Air Cargo Service Market
8.6.4. Australia Air Cargo Service Market
8.6.5. South Korea Air Cargo Service Market
8.6.6. Rest of Asia Pacific Air Cargo Service Market
8.7. Latin America Air Cargo Service Market Snapshot
8.7.1. Brazil Air Cargo Service Market
8.7.2. Mexico Air Cargo Service Market
8.8. Middle East & Africa Air Cargo Service Market
8.8.1. Saudi Arabia Air Cargo Service Market
8.8.2. South Africa Air Cargo Service Market
8.8.3. Rest of Middle East & Africa Air Cargo Service Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. ANA Holdings Inc.
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Cargolux Airlines International SA
9.3.3. Cathay Pacific Airways Limited
9.3.4. DHL Air Cargo
9.3.5. Federal Express Corp.
9.3.6. United Parcel Services Inc.
9.3.7. Cargojet Inc.
9.3.8. AirBridge Cargo Airlines LLC
9.3.9. Emirates SkyCargo
9.3.10. Lufthansa Cargo AG
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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