Global Air Transport Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Air Transport Market Report by The Business Research Company covers air transport market drivers and restraints, air transport market size, major players, and the impact of COVID-19 on the air transport market.
The air transport services market consists of sales of air transportation services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters, to provide air transportation of passengers and/or cargo. The market includes services offered by both scheduled and nonscheduled air carriers. Revenues from the sales of auxiliary in-flight services such as meals, snacks, beverages, and duty-free shopping, provided by companies are also included in this market. Scenic and sightseeing air transportation and air courier services are not included in the air transport services market.
The global air transport market is expected to grow from $571.2 billion in 2020 to $648.7 billion in 2021 at a compound annual growth rate (CAGR) of 13.%.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 $832.9 billion in 2025 at a CAGR of 6%.
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Some air transport market trends include the use of analytics is rapidly growing in the aviation industry to capture critical insights from customers and operations data. It allows airlines to offer personalized services to its customers by using data analytics tools at every customer touch point. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, commercial airlines are looking to enhance customer satisfaction levels by analyzing parameters such as ticket sales and passenger profile and purchase history.
Global air transport market segments include:
1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services.
2) By Distance: Long-Distance, Short-Distance.
Subsegments Covered: Domestic Air Passengers, International Air Passengers, Passenger Chartered Air Transport, Freight Chartered Air Transport, Others – Chartered Air Transportation, Air Mail, Air Freight.
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 transport market, accounting for 32% of the total market.
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The Air Transport 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 transport market overviews, analyzes and forecasts market size, share, air transport market players, air transport market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The air transport identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Air Transport 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: American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group, FedEx
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 Transport 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 Transport Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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