Growth Opportunities and Trends in the Air Freight Market: Key Insights for 2025-2034
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What fueled the previous growth in the air freight market?
There has been a robust expansion in the size of the air freight market in the past few years. The market worth is projected to escalate from $48.19 billion in 2024 to $52.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.5%. The historical growth is ascribed to factors like personalization of footwear, biometric foot mapping, integration of health and wellness, connected footwear ecosystem, and integration of fashion-tech.
What will be the air freight market size in the future?
The size of the air freight market is poised for substantial enhancement in the coming years, culminating to $68.27 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.9%. This anticipated surge in the forecast period can be credited to developments such as adaptive learning algorithms, commitment to environmental sustainability, health monitoring and feedback mechanisms, compatibility with smart assistants, and augmented reality (AR) in retail experiences. Additionally, the period forecasted will witness pivotal trends like material innovation, advancement in smart insole technology, strategic collaborations and release of limited editions, flexibility in style customization, and the rise of adaptive and responsive designs.
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What main drivers are fueling expansion in the air freight market?
The air freight market is projected to expand due to the growing demand for quick delivery services. These are specialized transportation logistics services designed to ensure a swift and timely transfer of goods and materials from one site to another. Compared to other forms of shipping like sea or land, air freight offers unbeatably fast service. This prompt delivery capability allows businesses to adhere to strict delivery timelines and minimizes the overall transit time. Products with a short lifespan or high value, such as fresh produce, medicines, and electronic devices, are usually sent via air freight. ShippyPro, a software company from Italy, predicts 1.2 billion parcels will be delivered in France and the UK by 2023, potentially reaching 1.9 billion by 2027. Furthermore, the same-day delivery market is on the rise, with an expected increase to 260 to 521 million same-day deliveries by 2027 from 70 million in 2022. Thus, the growing need for swift delivery services is fueling the expansion of the air freight market.
Driver of Air Freight Market: E-commerce Sector Stimulates Growth in the Air Freight Market
What key areas define the segmentation of the global air freight market?
The air freight market covered in this report is segmented –
1) By Service: Freight, Express, Mail, Other Services
2) By Destination: Domestic, International
3) By End Use: Pharmaceutical, Personal Care, Chemicals, Automobile, Fashion, Other End Users
Subsegments:
1) By Freight: General Cargo, Perishable Goods, Dangerous Goods, Other Freight
2) By Express: Time-sensitive Shipments, Door-To-door Services, Other Express Services
3) By Mail: Letters, Parcels, Other Mail Services
4) By Other Services: Charter Services, Customs Clearance, Warehousing And Distribution, Other Services
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Who are the dominant players expanding their reach in the air freight market?
Major companies operating in the air freight market report are Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, Deutsche Bahn AG, Delta Air Lines Inc., American Airlines Inc., Kuehne+Nagel International AG, DSV Panalpina A/S, Southwest Airlines Co., Expeditors International Inc., British Airways PLC, Singapore Airlines Limited, Korean Air Lines Co. Ltd., UPS Supply Chain Solutions Inc., Air China Limited, XPO Logistics Inc., TNT Express BV, Kintetsu World Express Inc., Bollore Logistics, Cathay Pacific Airways Limited, Hellmann Worldwide Logistics SE & Co. KG, Cargolux Airlines International S.A., Lufthansa Cargo AG, ANA Cargo Inc., Yusen Logistics Co. Ltd., Qatar Airways Company Q.C.S.C., Nippon Express Co. Ltd., Etihad Airways PJSC, Agility Logistics Pvt. Ltd., CEVA Logistics Ltd.
How are evolving market trends shaping air freight Strategies?
Leading businesses in the air freight market are keen on creating ground-breaking tech solutions like ECU360 to enhance their market earnings. ECU360 is a transformative digital air freight solution that makes shipping uncomplicated for businesses of all magnitudes. For example, ECU Worldwide, a logistics firm based in Belgium, introduced a digital air freight service known as ECU360 in April 2023. This service equips clients with assorted integrated services, which include obtaining an estimate, converting the quote into an online booking on the spot, and tracking their shipments in real-time. This technology simplifies the air freight and shipping process, making it easier for companies to globally export their products. With the advent of ECU360, ECU Worldwide is now capable of offering a unique digital logistics platform that has the potential to assist the company in its expansion and augment its presence in the logistics industry.
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Which regions are emerging as leaders in the air freight market?
Asia-Pacific was the largest region in the air freight market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the air freight market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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