Air Cargo Market to Reach $223.29 Billion, Globally, by 2028 at 8% CAGR: The Insight Partners

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 increasing trade of goods, coupled with the booming e-commerce sector across the world, has created a significant demand for air freight. The air mail and air freight market are highly influenced by regional regulations.

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Air cargo is important for the e-commerce ecosystem in order to manage the transportation of goods globally. Air cargo service providers deliver upgraded technology, flexibility & scalability, and efficiency & specialization in the e-commerce business. There are numerous benefits pertaining to the e-commerce and they can get fulfilled if the company delivers to customers on time. Thus, several organizations such as international Air Transport Associations (IATA), International Federation of Freight Forwarders Associations (FIATA), Universal Postal Union (UPU), and World Customs Organizations (WCO) are engaged in improving air cargo services, owing to the growing adoption of e-commerce. According to the IATA, in 2019, e-commerce represented around 15% of air cargo volumes owing to continuous spread of the COVID-19.

Impact of COVID-19 Pandemic on Air Cargo Market
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Air Cargo and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries

The List of Companies - Air Cargo Market
1. ANA Cargo
2. Cargolux
3. Cathay Pacific Airways Limited
4. DHL International GmbH (Deutsche Post DHL Group)
5. Emirates SkyCargo
6. Etihad Cargo
7. FedEx Corporation
8. United Parcel Service of America, Inc.
9. Zela Aviation The Air Charter Company
10. Lufthansa Cargo AG

The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of technology offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

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The report segments the global air cargo market as follows:
By Type
• Air Mail
• Air Freight
By Service
• Express
• Regular
By End User
• Retail
• Pharmaceutical & Healthcare
• Food & Beverage
• Consumer Electronics
• Automotive
• Others

This is a professional and in-depth study on the current state of the Lane Keep Air Cargo Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Lane Keep Air Cargo Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

The Insight Air Cargo Market Research Report Scenario include: -
• The report provides qualitative and quantitative trends of global Air Cargo Market across type, type of products, service, and geography.
• The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Air Cargo Market.
• Chapter Seven to ten discuss Air Cargo Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
• Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.

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What questions does the Air Cargo Market report answer about the regional reach of the industry
The report claims to split the regional scope of the Air Cargo Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration
• How do the sales figures look at present How does the sales scenario look for the future
• Considering the present scenario, how much revenue will each region attain by the end of the forecast period
• How much is the market share that each of these regions has accumulated presently
• How much is the growth rate that each topography will depict over the predicted timeline

The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Lane Keep Air Cargo Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.