Press release
Global Air Freight Market Size, Share, Growth, Analysis, Price, Outlook, Segmentation, Report and Forecast 2024-2032
Air Freight Market OutlookAccording to the report by Expert Market Research (EMR), the global air freight market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 12% between 2024 and 2032. This growth is driven by various factors, including globalization, e-commerce expansion, and the demand for efficient and rapid international cargo transportation.
The global air freight industry plays a crucial role in facilitating the movement of goods across borders and continents. It offers a reliable and swift solution for transporting high-value, time-sensitive, and perishable goods, serving as a lifeline for businesses across diverse sectors.
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One of the key drivers behind the air freight market's robust growth is the exponential rise in e-commerce. With the proliferation of online shopping, there has been an increased need for expedited shipping solutions to meet consumer expectations. As consumers worldwide demand quick and convenient delivery of their orders, air freight provides a dependable and timely option.
Globalization and international trade have also contributed to the market's growth. As businesses expand their global footprint, the demand for efficient logistics services to move goods quickly and securely has surged. The air freight market is well-positioned to meet these demands, connecting various regions and markets seamlessly.
Moreover, the air freight industry has been at the forefront of innovation and technology adoption. The deployment of modern cargo aircraft and sophisticated tracking systems ensures the safe and efficient transport of goods. This commitment to innovation has made air freight an attractive choice for industries such as pharmaceuticals, electronics, automotive, and fashion, which rely on time-critical logistics.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/air-freight-market
Air Freight Market Segmentation
The global air freight market can be segmented based on various factors, including service type, end-user industry, and region.
Market Breakup by Service Type:
Express Services
Standard Services
Market Breakup by End-User Industry:
E-commerce
Pharmaceuticals and Healthcare
Automotive
Electronics
Aerospace
Fashion and Apparel
Others
Market Breakup by Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Air Freight Market Competitive Landscape
In the competitive landscape, the EMR report delves into market shares, major developments, investments, mergers and acquisitions, and capacities of the leading companies in the global air freight market. Some of the prominent players identified in the report include:
Deutsche Post AG
DSV A/S
Expeditors International of Washington, Inc. (NASDAQ: EXPD)
Kintetsu World Express (I) Pvt. Ltd.
CEVA Logistics
DB Schenker
Others
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