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Air Cargo Services Market Report: Industry Insights, Recent Developments, Data Analysis, And Forecast To 2031 | Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service
Air Cargo Services Market
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The global air cargo services market report by the business research company identifies the air cargo companies are increasingly using block chain technology to improve efficiency, minimise losses, and prevent damage to cargo. Block chain technology allows air cargo companies to digitally track and record the change of custody for airline cargo containers, or Unit Load Devices (ULDs), as they journey between destinations.
The global air cargo services market grew from $57.21 billion in 2021 to $61.44 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The air cargo services market is expected to grow to $75.15 billion in 2016 at a CAGR of 5.2%.
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Asia Pacific was the largest region in the air cargo services market in 2021. North America was the second largest region in the air cargo services market. The regions covered in the air cargo services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major companies in the air cargo services market include Cathay Pacific Cargo, FedEx, The Emirates Group, United Parcel Service, and DHL Aviation..
The global air cargo services market is segmented -
1) By Type: Air Mail, Air Freight
2) By Destination: Domestic, International
3) By End-User: Consumer Electronics, Retail, Third Party Logistics, Food And Beverages, Pharmaceuticals And Healthcare, Other End Users
4) By Service: Express, Regular
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The Air Cargo Services Market Report Contents Include
1. Executive Summary
2. Report Structure
3. Air Cargo Services Market Characteristics
4. Air Cargo Services Market Product Analysis
5. Air Cargo Services Market Supply Chain
....
21. Key Mergers And Acquisitions In The Air Cargo Services Market
22. Market Background: Air Transportation Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
This report covers the trends and market dynamics of the air cargo services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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