Global Air Cargo Services Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Air Cargo Services Market Report by The Business Research Company covers air cargo services market drivers and restraints, air cargo services market size, major players, and the impact of COVID-19 on the air cargo services market.
The air cargo transport services market consists of sales of air cargo transport services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters to provide air transportation of cargo and mail on a contract basis over fixed international routes. The air cargo services market is segmented into air mail and air freight.
The global air cargo services market is expected to grow from $56.48 billion in 2020 to $64.98 billion in 2021 at a compound annual growth rate (CAGR) of 15%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $99.67 billion in 2025 at a CAGR of 11%.
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Some air cargo services market trends include companies using block chain technology to improve efficiency, minimize losses, and prevent damage to cargo. Block chain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices (ULDs), as they journey between destinations.
Global air cargo services market segments include:
1) By Type: Air Mail, Air Freight.
2) By Destination: Domestic, International.
3) By End-User: Consumer Electronics, Retail, Third Party Logistics, Food And Beverages, Pharmaceuticals And Healthcare, Others.
4) By Service: Express, Regular.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global air cargo services market, accounting for 40% of the market.
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The Air Cargo Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides air cargo services market overviews, analyzes and forecasts market size, share, air cargo services market players, air cargo services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The air cargo services identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Air Cargo Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, DHL Aviation
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The air cargo services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The air cargo services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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