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| Report Code: A06421 | Mar 2021 | Pages: 279 | ||
| Tables: 113 | Charts: 76 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Air Freight Market
Request Now !The global air freight market was valued at $270.2 billion in 2019, and is projected to reach $376.8 billion by 2027, registering a CAGR of 5.6%.
The logistics industry witnessed a huge decline in demand due to the global spread of the coronavirus pandemic in 2020. The air freight shipments were fairly low throughout 2020. The economic crisis caused due to the implementation of strict lockdowns severely affected the international air freight deliveries. The widespread outbreak of the novel coronavirus led to the sudden closure of national and international airways while aircraft had to be grounded for months. In early 2020, various nations imposed a ban on international flights, and later domestic flights were also suspended. Facing a decline in air freight capacity, various air freight carriers have been trying to tackle the situation by employing several strategies such as airplane transformations and more chartered flights.
Air freight is a transportation mode of delivering fast-speed shipments via aircraft mostly for longer distances. Air freight contributes to the global economic development as the global economy relies on the capability to transport valuable and superior quality products rapidly to consumers across the world. Attributed to fast delivery speeds and temperature-sensitive space in aircraft, vaccines are usually sent via aircraft to help reach their required destination in time to be effective. According to the World Health Organization, vaccinations programs help prevent around 3 million child deaths annually. Air freight plays a crucial in delivering temperature-sensitive medications in the best conditions by means of state-of-the-art procedures and technologies. Although air freight accounts approximately 1% of the total freight activities by weight, and it is quite expensive to ship products via aircraft, it is quite valuable mode to transport jewelry, perishable items, pharmaceuticals, costly electronic items, and others.
The air freight business is experiencing a transformation in technology and is evolving from an excessive usage of old mainframe systems to more adaptable interfaces employed for processes such as flight operations, revenue accounting, networking planning, and others. Moreover, the rising usage of cool-chain tech, robotics, automated systems, artificial intelligence (AI), Big Data, deep learning, IoT, and augmented & virtual reality across several operations is anticipated to boost the growth of the global air freight market over the forecast period.
Faster delivery of shipments as compared with other logistics solutions and rising popularity of consolidated airfreight service are anticipated to boost the growth of the air freight market during the forecast period. However, high costs associated with air freight solutions are expected to hinder the growth of the market.
The market segmentation is based on service, destination, end-use, and region. The service segment is divided into freight, express, mail, and other services. Depending on destination, the market is bifurcated into domestic and international. By end-use, it is fragmented into private and commercial. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global air freight market include Bolloré Logistics, DB SCHENKER, Deutsche Post AG, DSV Panalpina, Expeditors International of Washington, Inc., FedEx, Hellmann Worldwide Logistics, Kuehne+Nagel International AG, Nippon Express, and United Parcel Service, Inc.
The delivery of items via cargo planes is the fastest way among other modes of transportation. While other modes of transportation, for instance, shipping, rail or road transport, usually take days or weeks to deliver the items, air transport makes the delivery of items in just a few hours. Attributed to the presence of lesser stock to unload in comparison with cargo ships, the customs clearance is quick and the requirement for local warehousing is much lesser. Moreover, air freight is the safest among all other modes as goods sent via air go through least handling and the safety controls at airports are strictly managed.
This decreases the risk of both theft and damage to the shipment. In addition, as the shipment duration is quite short, the insurance premiums on air freight are usually low. These factors make air freight a superior and essential mode of goods transportation. Air cargo ships of around $6 trillion worth of goods account for nearly 35% of the global trade by value. According to IATA, 328 billion letters and 7.4 billion packages are delivered annually, and air freight plays an important role in their delivery.
Air freight is particularly favorable for shipment of high-value goods such as electronics, jewelry, pharmaceuticals, perishables, and other items. Initially, only fruit, flowers, and vegetables were transported via cargo aircraft. However, over the years, airlines have managed to develop procedures and facilities for handling frozen and chilled items with chilled storage and freighter capacity along with the development of temperature-controlled packing techniques. Moreover, attributed to the high-profit margins associated with jewelry and pharmaceuticals and the fact that several electronic goods are delicate, air freight is the most suitable form of transport.
Air freight service providers offer four options for making the delivery. They are charter, standard, deferred, and consolidated. Consolidated air freight service provides the users with an economical method of transportation that offers the advantage of lower rates and reliable schedules, enabling their users to perfectly plan their supply chains. While air freight offers some advantages over ocean freight (a much cheaper logistics mode), such as quicker delivery times and less handling time of high-value goods, it at times faces low acceptance due to its high cost. However, air freight is a flexible transportation mode that can be custom-made to fit the client's needs. As the option of consolidated air freight service increases the feasibility of air freight services, several major companies, such as The Maersk Group, DSV, UPS, DHL, QATAR Cargo, and FedEx, offer consolidation services.
Consolidated air freight option gives the opportunity to the clients to bundle their consignment with a number of other items to create a full load, owing to which consolidated air freight becomes quite economical for moving the goods via plane. Moreover, consolidated freight is profitable to both delivery service companies and airlines as it is more cost-effective to fly an airplane with a full cargo load in comparison with flying an airplane with partial load. Air freight consolidation is the most affordable way to ship goods in a faster & safer way, and the rising popularity of consolidated air freight service is expected to drive the growth of the global air freight market over the forecast timeframe.
Air freight is selected by global importers and exporters to deliver goods quickly and safely. Although around 90% of deliveries are shipped through ocean freight, air freight makes the deliveries much faster; for instance, it cuts the U.S.-China freight delivery time from about 20 to 30 days by the ocean to just 3 days via air. However, air freight incurs huge costs. According to the World Bank, air freight incurs around 4-5 times the price involved in road transport and 12-16 times the amount spent on ocean freight.
When it comes to air freight delivery, weight and volume are the key factors that determine the cost of shipping. Air carriers typically charge by considering either the volumetric weight or real weight, depending on which is more costly. Beyond this, the air freight price also probably includes several costs such as fuel surcharges, terminal handling charges, security surcharges, and airport transfers. In addition, for door-to-door delivery, the amount comprises air cargo services, including pickup & delivery, cargo insurance, customs brokerage, and accessorial charges. Moreover, the fluctuating prices of aviation fuel also impact air freight operations. Therefore, the high cost related to air freight deliveries is anticipated to hamper the growth of the global air freight market over the forecast timeline.
Over the last few years, e-commerce has gained strong traction across the globe to become a crucial part of the global sales structure. It has transformed the methods of logistics. Today, numerous customers are requesting faster deliveries; hence, the operational models are evolving to speed up shipping. Air freight is quite suitable for offering swift deliveries. International Air Transport Association (IATA) estimated that e-commerce held a market share of about 15% of air cargo volumes in 2019. This trend toward e-commerce is continuously expanding and has speeded up during the COVID-19 pandemic.
Since 2005, worldwide internet retail trade has grown by around 20% a year on average, which is far rapid than conventional store-based sales. The International Post Corporation (IPC) considers that the share has now registered 25%. Besides the increasing domestic volumes shipped by small and large e-retailers, the swiftly-growing cross-border e-commerce remains a key growth driver for the overall increase in e-commerce sales. According to IATA, air cargo holds a share of more than 35% of international trade by value. People are now purchasing more and more often via online platforms while cross-border e-commerce volumes are also increasing. E-commerce is expected to be the future growth driver for the air freight industry as online retailing increases the demand for package transport services across the world. The rising e-commerce shipments across the globe via air freight are anticipated to bolster the growth of the global air freight market over the forecast timeframe.
COVID-19 Impact Analysis
Key Benefits For Stakeholders
Key Market Segments
By Service
By Destination
By End-Use
By Region
Key Players
Air Freight Market Report Highlights
| Aspects | Details |
|---|---|
| By SERVICE |
|
| By DESTINATION |
|
| By END-USE |
|
| By Region |
|
| Key Market Players | EXPEDITORS INTERNATIONAL OF WASHINGTON, INC., DEUTSCHE POST AG (DHL GROUP), BOLLORÉ LOGISTICS, KUEHNE+NAGEL INTERNATIONAL AG, NIPPON EXPRESS, FEDEX, UNITED PARCEL SERVICE, INC. (UPS), DSV PANALPINA, DB SCHENKER (DEUTSCHE BAHN GROUP (DB GROUP)), Hellmann Worldwide Logistics |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies
3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Faster delivery of shipments as compared with other logistics solutions
3.5.1.2.Rising popularity of consolidated air freight service
3.5.2.Restraints
3.5.2.1.High costs associated with air freight solution
3.5.2.2.Stringent regulations
3.5.3.Opportunities
3.5.3.1.Significant growth rate in the e-commerce sector
3.5.3.2.Upcoming technological advancements to transform air freight operations
3.6.COVID-19 impact analysis
3.6.1.Evolution of outbreak
3.6.2.Micro-economic impact analysis
3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends
3.6.3.Macro-economic impact analysis
3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index
3.6.3.4.Macro-economic indicator projections
3.6.4.Impact on the air freight industry
CHAPTER 4:GLOBAL AIR FREIGHT MARKET, BY SERVICE
4.1.Overview
4.2.Freight
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Express
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.Mail
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
4.5.Other Services
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country
CHAPTER 5:GLOBAL AIR FREIGHT MARKET, BY DESTINATION
5.1.Overview
5.2.Domestic
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.International
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
CHAPTER 6:GLOBAL AIR FREIGHT MARKET, BY END-USE
6.1.Overview
6.2.Private
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.Commercial
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
CHAPTER 7:AIR FREIGHT MARKET, BY REGION
7.1.Overview
7.2.North America
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by service
7.2.3.Market size and forecast, by destination
7.2.4.Market size and forecast, by end-use
7.2.5.Market size and forecast, by country
7.2.5.1.U.S.
7.2.5.1.1.Market size and forecast, by service
7.2.5.1.2.Market size and forecast, by destination
7.2.5.1.3.Market size and forecast, by end-use
7.2.5.2.Canada
7.2.5.2.1.Market size and forecast, by service
7.2.5.2.2.Market size and forecast, by destination
7.2.5.2.3.Market size and forecast, by end-use
7.2.5.3.Mexico
7.2.5.3.1.Market size and forecast, by service
7.2.5.3.2.Market size and forecast, by destination
7.2.5.3.3.Market size and forecast, by end-use
7.3.Europe
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by service
7.3.3.Market size and forecast, by destination
7.3.4.Market size and forecast, by end-use
7.3.5.Market size and forecast, by country
7.3.5.1.Germany
7.3.5.1.1.Market size and forecast, by service
7.3.5.1.2.Market size and forecast, by destination
7.3.5.1.3.Market size and forecast, by end-use
7.3.5.2.France
7.3.5.2.1.Market size and forecast, by service
7.3.5.2.2.Market size and forecast, by destination
7.3.5.2.3.Market size and forecast, by end-use
7.3.5.4.Russia
7.3.5.4.1.Market size and forecast, by service
7.3.5.4.2.Market size and forecast, by destination
7.3.5.4.3.Market size and forecast, by end-use
7.3.5.5.UK
7.3.5.5.1.Market size and forecast, by service
7.3.5.5.2.Market size and forecast, by destination
7.3.5.5.3.Market size and forecast, by end-use
7.3.5.7.Rest of Europe
7.3.5.7.1.Market size and forecast, by service
7.3.5.7.2.Market size and forecast, by destination
7.3.5.7.3.Market size and forecast, by end-use
7.4.Asia-Pacific
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by service
7.4.3.Market size and forecast, by destination
7.4.4.Market size and forecast, by end-use
7.4.5.Market size and forecast, by country
7.4.5.1.China
7.4.5.1.1.Market size and forecast, by service
7.4.5.1.2.Market size and forecast, by destination
7.4.5.1.3.Market size and forecast, by end-use
7.4.5.2.India
7.4.5.2.1.Market size and forecast, by service
7.4.5.2.2.Market size and forecast, by destination
7.4.5.2.3.Market size and forecast, by end-use
7.4.5.3.Japan
7.4.5.3.1.Market size and forecast, by service
7.4.5.3.2.Market size and forecast, by destination
7.4.5.3.3.Market size and forecast, by end-use
7.4.5.4.South Korea
7.4.5.4.1.Market size and forecast, by service
7.4.5.4.2.Market size and forecast, by destination
7.4.5.4.3.Market size and forecast, by end-use
7.4.5.5.Rest of Asia-Pacific
7.4.5.5.1.Market size and forecast, by service
7.4.5.5.2.Market size and forecast, by destination
7.4.5.5.3.Market size and forecast, by end-use
7.5.LAMEA
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by service
7.5.3.Market size and forecast, by destination
7.5.4.Market size and forecast, by end-use
7.5.5.Market size and forecast, by country
7.5.5.1.Latin America
7.5.5.1.1.Market size and forecast, by service
7.5.5.1.2.Market size and forecast, by destination
7.5.5.1.3.Market size and forecast, by end-use
7.5.5.2.Middle East
7.5.5.2.1.Market size and forecast, by service
7.5.5.2.2.Market size and forecast, by destination
7.5.5.2.3.Market size and forecast, by end-use
7.5.5.3.Africa
7.5.5.3.1.Market size and forecast, by service
7.5.5.3.2.Market size and forecast, by destination
7.5.5.3.3.Market size and forecast, by end-use
CHAPTER 8:COMPANY PROFILES
8.1.BOLLORÉ LOGISTICS
8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments
8.2.DB SCHENKER (DEUTSCHE BAHN GROUP (DB GROUP))
8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Service portfolio
8.2.4.Operating business segments
8.2.5.Business performance
8.2.6.Key strategic moves and developments
8.3.DEUTSCHE POST AG (DHL GROUP)
8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Service portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments
8.4.DSV PANALPINA
8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Service portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments
8.5.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Service portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments
8.6.FEDEX
8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Service portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments
8.7.Hellmann Worldwide Logistics
8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Service portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments
8.8.KUEHNE+NAGEL INTERNATIONAL AG
8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Service portfolio
8.8.4.Operating business segments
8.8.5.Business performance
8.8.6.Key strategic moves and developments
8.9.NIPPON EXPRESS
8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Service portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments
8.10.UNITED PARCEL SERVICE, INC. (UPS)
8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Service portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments
LIST OF TABLES
TABLE 01.MACRO-ECONOMIC INDICATOR PROJECTIONS
TABLE 02.AIR FREIGHT MARKET, BY SERVICE, 2019-2027 ($MILLION)
TABLE 03.AIR FREIGHT MARKET FOR FREIGHT, BY REGION 2019-2027 ($MILLION)
TABLE 04.AIR FREIGHT MARKET FOR EXPRESS, BY REGION 2019-2027 ($MILLION)
TABLE 05.AIR FREIGHT MARKET FOR MAIL, BY REGION 2019-2027 ($MILLION)
TABLE 06.AIR FREIGHT MARKET FOR OTHER SERVICES, BY REGION 2019-2027 ($MILLION)
TABLE 07.AIR FREIGHT MARKET, BY DESTINATION, 2019-2027 ($MILLION)
TABLE 08.AIR FREIGHT MARKET FOR DOMESTIC, BY REGION 2019-2027 ($MILLION)
TABLE 09.AIR FREIGHT MARKET FOR INTERNATIONAL, BY REGION 2019-2027 ($MILLION)
TABLE 10.AIR FREIGHT MARKET, BY END-USE, 2019-2027 ($MILLION)
TABLE 11.AIR FREIGHT MARKET FOR PRIVATE, BY REGION 2019-2027 ($MILLION)
TABLE 12.AIR FREIGHT MARKET FOR COMMERCIAL, BY REGION 2019-2027 ($MILLION)
TABLE 13.AIR FREIGHT MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 14.NORTH AMERICA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 15.NORTH AMERICA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 17.U.S. AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 18.U.S. AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 19.U.S. AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 20.CANADA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 21.CANADA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 22.CANADA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 23.MEXICO AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 24.MEXICO AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 25.MEXICO AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 26.EUROPE AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 27.EUROPE AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 28.EUROPE AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 29.GERMANY AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 30.GERMANY AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 31.GERMANY AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 32.FRANCE AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 33.FRANCE AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 34.FRANCE AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 35.RUSSIA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 36.RUSSIA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 37.RUSSIA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 38.UK AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 39.UK AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 40.UK AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 41.REST OF EUROPE AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 42.REST OF EUROPE AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 43.REST OF EUROPE AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 44.ASIA PACIFIC AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 45.ASIA PACIFIC AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 46.ASIA PACIFIC AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 47.CHINA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 48.CHINA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 49.CHINA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 50.INDIA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 51.INDIA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 52.INDIA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 53.JAPAN AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 54.JAPAN AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 55.JAPAN AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 56.SOUTH KOREA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 57.SOUTH KOREA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 58.SOUTH KOREA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 59.REST OF ASIA PACIFIC AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 60.REST OF ASIA PACIFIC AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 61.REST OF ASIA PACIFIC AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 62.LAMEA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 63.LAMEA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 64.LAMEA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 65.LATIN AMERICA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 66.LATIN AMERICA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 67.LATIN AMERICA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 68.MIDDLE EAST AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 69.MIDDLE EAST AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 70.MIDDLE EAST AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 71.AFRICA AIR FREIGHT MARKET, BY SERVICE, 2019–2027 ($MILLION)
TABLE 72.AFRICA AIR FREIGHT MARKET, BY DESTINATION, 2019–2027 ($MILLION)
TABLE 73.AFRICA AIR FREIGHT MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 74.BOLLORÉ LOGISTICS: COMPANY SNAPSHOT
TABLE 75.BOLLORÉ LOGISTICS: OPERATING SEGMENTS
TABLE 76.BOLLORÉ LOGISTICS: SERVICE PORTFOLIO
TABLE 77.BOLLORÉ LOGISTICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 78.DB SCHENKER: COMPANY SNAPSHOT
TABLE 79.DB SCHENKER: SERVICE PORTFOLIO
TABLE 80.DEUTSCHE BAHN GROUP (DB GROUP): OPERATING SEGMENTS
TABLE 81.DB SCHENKER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 82.DEUTSCHE POST AG (DHL GROUP): COMPANY SNAPSHOT
TABLE 83.DEUTSCHE POST AG (DHL GROUP): OPERATING SEGMENTS
TABLE 84.DEUTSCHE POST AG (DHL GROUP): SERVICE PORTFOLIO
TABLE 85.DEUTSCHE POST AG (DHL GROUP): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 86.DSV PANALPINA: COMPANY SNAPSHOT
TABLE 87.DSV PANALPINA: OPERATING SEGMENTS
TABLE 88.DSV PANALPINA: SERVICE PORTFOLIO
TABLE 89.DSV PANALPINA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 90.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: COMPANY SNAPSHOT
TABLE 91.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: OPERATING SEGMENTS
TABLE 92.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: SERVICE PORTFOLIO
TABLE 93.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 94.FEDEX: COMPANY SNAPSHOT
TABLE 95.FEDEX: OPERATING SEGMENTS
TABLE 96.FEDEX: SERVICE PORTFOLIO
TABLE 97.FEDEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 98.HELLMANN WORLDWIDE LOGISTICS: COMPANY SNAPSHOT
TABLE 99.HELLMANN WORLDWIDE LOGISTICS: OPERATING SEGMENTS
TABLE 100.HELLMANN WORLDWIDE LOGISTICS: SERVICE PORTFOLIO
TABLE 101.HELLMANN WORLDWIDE LOGISTICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102.KUEHNE+NAGEL INTERNATIONAL AG: COMPANY SNAPSHOT
TABLE 103.KUEHNE+NAGEL INTERNATIONAL AG: SERVICE PORTFOLIO
TABLE 104.KUEHNE+NAGEL INTERNATIONAL AG: OPERATING SEGMENTS
TABLE 105.KUEHNE+NAGEL INTERNATIONAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106.NIPPON EXPRESS: COMPANY SNAPSHOT
TABLE 107.NIPPON EXPRESS: OPERATING SEGMENTS
TABLE 108.NIPPON EXPRESS: SERVICE PORTFOLIO
TABLE 109.NIPPON EXPRESS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110.UNITED PARCEL SERVICE, INC. (UPS): COMPANY SNAPSHOT
TABLE 111.UNITED PARCEL SERVICE, INC. (UPS): OPERATING SEGMENTS
TABLE 112.UNITED PARCEL SERVICE (UPS): SERVICE PORTFOLIO
TABLE 113.UNITED PARCEL SERVICE, INC. (UPS): KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.AIR FREIGHT MARKET SHARE, BY SERVICE, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR FREIGHT, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR EXPRESS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR MAIL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR OTHER SERVICES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.AIR FREIGHT MARKET SHARE, BY DESTINATION, 2019–2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR DOMESTIC, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR INTERNATIONAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.AIR FREIGHT MARKET SHARE, BY END-USE, 2019–2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR PRIVATE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET FOR COMMERCIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.AIR FREIGHT MARKET, BY REGION, 2019-2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 28.U.S. AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 29.CANADA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 30.MEXICO AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 32.GERMANY AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 33.FRANCE AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 34.RUSSIA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 35.UK AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 36.REST OF EUROPE AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 38.CHINA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 39.INDIA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 40.JAPAN AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 41.SOUTH KOREA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 42.REST OF ASIA PACIFIC AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 43.COMPARATIVE SHARE ANALYSIS OF AIR FREIGHT MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 44.LATIN AMERICA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 45.MIDDLE EAST AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 46.AFRICA AIR FREIGHT MARKET, 2019–2027 ($MILLION)
FIGURE 47.BOLLORÉ LOGISTICS: REVENUE, 2017–2019 ($MILLION)
FIGURE 48.BOLLORÉ LOGISTICS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 49.BOLLORÉ LOGISTICS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 50.DEUTSCHE BAHN GROUP (DB GROUP): NET SALES, 2017–2019 ($MILLION)
FIGURE 51.DEUTSCHE BAHN GROUP (DB GROUP): REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52.DEUTSCHE BAHN GROUP (DB GROUP): REVENUE SHARE BY REGION, 2019 (%)
FIGURE 53.DEUTSCHE POST AG (DHL GROUP): NET SALES, 2017–2019 ($MILLION)
FIGURE 54.DEUTSCHE POST AG (DHL GROUP): REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 55.DEUTSCHE POST AG (DHL GROUP): REVENUE SHARE BY REGION, 2019 (%)
FIGURE 56.DSV PANALPINA: NET SALES, 2017–2019 ($MILLION)
FIGURE 57.DSV PANALPINA: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 58.DSV PANALPINA: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 59.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 60.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 61.EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 62.FEDEX: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.FEDEX: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.FEDEX: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 65.HELLMANN WORLDWIDE LOGISTICS: REVENUE, 2017–2019 ($MILLION)
FIGURE 66.HELLMANN WORLDWIDE LOGISTICS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 67.HELLMANN WORLDWIDE LOGISTICS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 68.KUEHNE+NAGEL INTERNATIONAL AG: NET SALES, 2017–2019 ($MILLION)
FIGURE 69.KUEHNE+NAGEL INTERNATIONAL AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 70.KUEHNE+NAGEL INTERNATIONAL AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 71.NIPPON EXPRESS: NET SALES, 2018–2020 ($MILLION)
FIGURE 72.NIPPON EXPRESS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 73.NIPPON EXPRESS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 74.UNITED PARCEL SERVICE, INC. (UPS): NET SALES, 2017–2019 ($MILLION)
FIGURE 75.UNITED PARCEL SERVICE, INC. (UPS): REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 76.UNITED PARCEL SERVICE, INC. (UPS): REVENUE SHARE BY REGION, 2019 (%)
The global air freight market is expected to witness significant growth due to the rising demand for fast deliveries of items bought via e-commerce.
Faster delivery of shipments as compared with other logistic solutions and the rising popularity of consolidated airfreight services are expected to provide lucrative opportunities for the air freight market during the forecast period. However, high costs associated with air freight solutions and stringent regulations associated with air freight are expected to restrain the growth of the air freight market during the forecast period. Moreover, the significant growth rate in the e-commerce sector and the upcoming technological advancements are expected to offer lucrative opportunities for the market in the future.
Air freight is the fastest way to deliver shipments particularly if it requires long-distance travel. It is the most reliable and a secure means of transportation that incurs lowest insurance premiums due to shorter transportation times for air cargo. It is quite suitable to deliver valuable, fragile, and perishable items, for which in-time and safe delivery is a must. Moreover, as vaccines require temperature-sensitive settings and faster deliveries to be effective, the rising demand for vaccines is the key driver for the growth of charter services across the globe.
Machine learning is one of the newest methodologies being used in the freight industry to provide a competitive edge to companies. It examines data and allows the management to make suitable business decisions using robust data analysis. This provides market insights for the freight industry that lets businesses focus on more effective actions. In addition, numerous air freight carriers are digitalizing their operations. For instance, recently, big air freight players, such as American Airlines Cargo and Qatar Airways Cargo, have started digitalizing their cargo operations.
Increasing technological advancements, for instance, the use of artificial intelligence (AI) and robotics process automation to streamline cargo operations are anticipated to bolster the growth of the air freight market over the years. In addition, increasing investments by several nations to develop and expand dedicated cargo hubs, for example, India is expected to boost the growth of the global air freight market over the forecast timeframe.
Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by North America, Europe, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain its lead during the forecast period, owing to the presence of big global production hubs such as China and India. China and India are anticipated to witness significant increase in logistics activities over the forecast period.
A. The global air freight market valued at $ 270.2 billion in 2019, and is projected to reach $ 376.8 billion by 2027, registering a CAGR of 5.6% from 2020 to 2027.
A. Increased demand for air freight services. The manufacturing and supply-chain disruptions are expected to bounce back amid the lifting lockdown measures and the consequent resuming of logistics activities across the globe
A. The report sample for global air freight market report can be obtained on demand from the website.
A. Increased use of Artificial Intelligence and Machine Learning tools to improve the logistics and supply-chain operations.
A. Collaboration, Agreement, Acquisition, Partnership, Product Launch, Joint Venture, Business Expansion, and Investment are the top most competitive developments which are adopted by the leading market players in the global air freight market
A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated
A. Based on the air freight market analysis, Asia Pacific region accounted for the highest revenue contributor in 2019 and is expected to see lucrative business opportunities during the forecast period
A. By service, the express segment is expected to gain traction over the forecast period
A. The U.S and China has are key matured markets growing in the global air freight market
A. The demand for faster air freight operation; and increasing traction of air freight in developing nations
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