Air Cargo Market Outlook 2029: Presents Market Insights & Depth Analysis

The global Air Cargo market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period (2023-2030). According to IATA estimates, in December 2019, e-commerce represented up to 15% of air cargo volumes. This number is continuously growing, and the trend has accelerated during and after the COVID-19 pandemic. As per the IATA estimates 80% of cross-border e-commerce is transported by air. The growth of e-commerce in general and cross-border e-commerce is driving the air cargo market. The pandemic has shown a shift in consumer behavior, as well as the top products that consumers purchase. There has been a huge shift in online purchases for furniture and electronics, food and beverage, and other products, many of which are transported by air. Many airlines are now taking note and adapting to the e-commerce model to ensure longevity and diversify their revenue streams.

For instance, in February 2021, Saudia Cargo signed a cargo agreement with one of the leading IT and logistics operators, Cainiao Network, the logistic arm of Alibaba Group to support e-commerce operations between China and Europe by operating five weekly flights from Hong Kong to Liege in Belgium with Riyadh city as a connection point. These flights form a sky bridge between Asia and Europe to cater to the high demand for e-commerce. Moreover, the e-commerce giants are focusing on air cargo to cater to their consumer's demand for fast, and safe delivery of products. For instance, in January 2023, Amazon Air, the air cargo arm of the online retail giant Amazon, announced the launch of freight transportation services in India. To ship goods faster, Amazon Air has partnered with the Bangalore-based Quikjet Cargo Airlines, becoming the first e-commerce provider in India to join forces with a third-party carrier. Following the terms of the agreement, Amazon Air will utilize the cargo capacity of two Boeing 737-800 planes operated by an Indian airline to ship packages across Hyderabad (HYD), Bengaluru (BLR), Delhi (DEL), and Mumbai (BOM). The e-commerce company hopes that the dedicated cargo airline will enhance the company's air freight transportation network and contribute to faster e-commerce deliveries in the country.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-

By Type
By End-user
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- American Airlines Inc., FedEx Corp., IAG Cargo, Korean Air Lines Co. Ltd., Bollore Logistics, CAL Cargo Air Lines Ltd., and others.

Air Cargo Market Report Segment

By Type

Belly Cargo
Freighter
By End-user

Manufacturing
FMCG and Retail
Pharmaceuticals and Chemicals
Others
A full Report of Air Cargo Market is Available @ https://www.omrglobal.com/industry-reports/air-cargo-market

Air Cargo Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Company Profiles

Air France KLM Martinair Cargo
CAL Cargo Air Lines Ltd.
Cargolux Airlines International SA
Cathay Pacific Airways Ltd.
Delta Air Lines Inc.
Deutsche Post AG
Emirates SkyCargo
Etihad Airways PJSC
Expeditors International of Washington Inc.
FedEx Corp.
IAG Cargo
Korean Air Lines Co. Ltd.
Lufthansa Cargo
Nippon Express Holdings
Qatar Airways Cargo
Saudi Airlines Cargo Co.
Singapore Airlines Cargo
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/air-cargo-market
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