Understand How The Air Cargo Services Market Is Set To Grow In Through 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global air cargo services market size is expected to grow from $61.73 billion in 2022 to $65.5 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The air cargo services market is expected to grow to $81.29 billion in 2027 at a CAGR of 5.5%.
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Who are the major players in the market?
Major Market Players in the air cargo services market include Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, and DHL Aviation.
Which trend is gaining popularity in the air cargo services market?
Air cargo firms are progressively employing blockchain technology to boost efficiency, reduce losses, and prevent cargo damage. Blockchain enables digital tracking and recording of custody changes for airline cargo containers, known as Unit Load Devices (ULDs), during transit.
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How is the air cargo services market segmented?
Global Air Cargo Services Market Segments Include:
- By Type: Air Mail, Air Freight
- By Destination: Domestic, International
- By End-User: Consumer Electronics, Retail, Third Party Logistics, Food And Beverages, Pharmaceuticals And Healthcare, Other End Users
- 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 in 2021.
The Air Cargo Services Global Market Report 2023 provides an overview of the air cargo services market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air cargo services market forecast analyzes air cargo services market size, air cargo services market share, leading competitor and their market positions.
Air cargo services employ aircraft, including planes and helicopters, to offer contract air transport of cargo and mail along established international routes, enabling the global delivery of quality products at affordable rates.
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