Air Cargo Market to 2027 - ANA Cargo, Cargolux, Cathay Pacific Airways Limited, Emirates SkyCargo, Etihad Cargo, FedEx Corporation

Air Cargo Industry Report focuses on Market Influence Factors, Growth Drivers, Restraints, Trends and Opportunities so that Market Players can face any challenges and take advantage of Lucrative Prospects available in the Global Air Cargo market.

The air cargo market is expected to grow from US$ 130.19 billion in 2021 to US$ 223.29 billion by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.

The transportation of temperature-sensitive products including drugs, chemicals, and medicines is creating a huge opportunity for the air cargo market. For instance, almost 68% of all biotech products are considered to be temperature-sensitive. In addition, Marken announced clinical home healthcare services that include clinical drug storage, direct-to-patient delivery, biologic sample collection, central pharmacy, and home care/nursing services. Thus, the pharmaceutical companies are highly dependent on the air transportation due to factors such as time-sensitivity and temperature-controlled transportation. The rapid growth of the pharmaceutical industry resulted in augmenting the demand for transportation services for temperature-sensitive cargo. The demand is anticipated to increase with new pharmaceutical and biotechnology products entering the market every day. Therefore, airlines using advanced cool chain solutions will be well-placed to take full advantage of this sector as it grows.

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The reports cover key developments in the Air Cargo market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Air Cargo market are anticipated to lucrative growth opportunities in the future with the rising demand for Air Cargo market in the global market.

Key Players Influencing the Market
• ANA Cargo
• Cargolux
• Cathay Pacific Airways Limited
• DHL International GmbH (Deutsche Post DHL Group)
• Emirates SkyCargo
• Etihad Cargo
• FedEx Corporation
• United Parcel Service of America, Inc.
• Zela Aviation The Air Charter Company
• Lufthansa Cargo AG

The global Air Cargo market is segmented on the basis of deployment, application. On the basis of deployment, the market is segmented as cloud-based, on-premise. On the basis of application, the market is segmented as new cars market, used cars market.

Besides this, the report analyzes factors affecting Air Cargo market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Air Cargo Market report.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Air Cargo market based on the type and application. It also provides market size and forecast till 2027 for overall Air Cargo market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Air Cargo Market.
• Key market trends cracking up the growth of the Air Cargo Market.
• Challenges to market growth.
• Key vendors of Air Cargo Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Air Cargo Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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This release was published on openPR.