Air Freight Market Ascendancy : Charting a $270.2 Billion Journey to $376.8 Billion by 2027 with a 5.6% CAGR

According to a recent report published by Allied Market Research, titled, "Air Freight Market by Service, Destination, and End-Use: Opportunity Analysis and Industry Forecast, 2020-2027," 𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐢𝐫 𝐟𝐫𝐞𝐢𝐠𝐡𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟐𝟕𝟎.𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟏𝟗, 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 $𝟑𝟕𝟔.𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟕, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟓.𝟔%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/6786

Rapid shipment delivery as compared to other logistics solutions and rise in prominence of consolidated air freight service fuel the growth of the global air freight market. However, expensive nature of air freight solutions and stringent regulations restrain the market growth. Contrarily, considerable growth of the e-commerce sector and advancements in technologies offer new opportunities in the coming years.

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐟𝐟𝐞𝐫𝐬 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐢𝐫 𝐟𝐫𝐞𝐢𝐠𝐡𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐫𝐯𝐢𝐜𝐞, 𝐝𝐞𝐬𝐭𝐢𝐧𝐚𝐭𝐢𝐨𝐧, 𝐞𝐧𝐝 𝐮𝐬𝐞, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧 :

By end use, the commercial segment contributed to highest market share in 2019, accounting for nearly 90% of the global air freight market, and will maintain its lead position during the forecast period. However, the private segment is projected to witness the highest CAGR of 8.8% from 2020 to 2027.

By service, the freight segment accounted for the largest market share in 2019, contributing to around three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. However, the express segment is expected to portray the largest CAGR of 7.2% from 2020 to 2027.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/air-freight-market/purchase-options

By region, Asia-Pacific held the highest share in 2019, accounting for nearly two-fifths of the total market share, and will maintain its dominance in terms of revenue by 2027. Moreover, this region is estimated to register the highest CAGR of 6.3% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨 :

The stringent lockdown measures imposed by governments affected the air freight delivery services as interstate and international flights were banned.
The air freight capacity declined considerably, so various carriers have been implementing different strategies such as airplane transformations and chartered flights to gain the optimum benefit of the situation.

During the initial stages of lockdown, there were delays in air freight delivery services. However, the services would resume with schedules of flights getting back on track.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/6786

Key players operating in the global air freight market include 𝐁𝐨𝐥𝐥𝐨𝐫é 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬, 𝐃𝐁 𝐒𝐂𝐇𝐄𝐍𝐊𝐄𝐑, 𝐃𝐞𝐮𝐭𝐬𝐜𝐡𝐞 𝐏𝐨𝐬𝐭 𝐀𝐆, 𝐃𝐒𝐕 𝐏𝐚𝐧𝐚𝐥𝐩𝐢𝐧𝐚, 𝐄𝐱𝐩𝐞𝐝𝐢𝐭𝐨𝐫𝐬 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐎𝐟 𝐖𝐚𝐬𝐡𝐢𝐧𝐠𝐭𝐨𝐧, 𝐈𝐧𝐜., 𝐅𝐞𝐝𝐄𝐱, 𝐇𝐞𝐥𝐥𝐦𝐚𝐧𝐧 𝐖𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬, 𝐊𝐮𝐞𝐡𝐧𝐞+𝐍𝐚𝐠𝐞𝐥 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐆, 𝐍𝐢𝐩𝐩𝐨𝐧 𝐄𝐱𝐩𝐫𝐞𝐬𝐬, 𝐚𝐧𝐝 𝐔𝐧𝐢𝐭𝐞𝐝 𝐏𝐚𝐫𝐜𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞, 𝐈𝐧𝐜.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

𝐋𝐚𝐭𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/latin-america-logistics-market-A07185

𝐅𝐨𝐮𝐫𝐭𝐡 𝐏𝐚𝐫𝐭𝐲 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/fourth-party-logistics-market

𝐖𝐚𝐫𝐞𝐡𝐨𝐮𝐬𝐢𝐧𝐠 𝐚𝐧𝐝 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/warehousing-and-distribution-logistics-market-A11526

𝐆𝐫𝐞𝐞𝐧 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/green-logistics-market-A84427

𝐃𝐫𝐨𝐧𝐞 𝐥𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/drone-logistics-market-A10272

𝐒𝐩𝐚𝐜𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.alliedmarketresearch.com/space-logistics-market-A47401

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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