Air Freight Cable Market Size Worth USD 587.22 Billion 2032 | Emergen Research

The global air freight market size is expected to reach USD 587.22 Billion in 2032 and register a steady revenue CAGR of 5.7% over the forecast period, according to the latest analysis by Emergen Research. Rising demand for air freight in healthcare industries for rapid transportation of critical supplies and pharmaceuticals is a key factor driving market revenue growth. The pharmaceutical and healthcare sectors are witnessing rapid growth due to rising global demand for medical supplies and medications, making reliable transportation a crucial aspect of their success.

Air freight has become a vital transportation method for these industries, offering speed, efficiency, and dependability. The pharmaceutical and healthcare sectors favor air freight for its swiftness, security, and effectiveness, facilitating the delivery of critical medical supplies to remote areas, due to time-sensitive nature of their materials. This mode of transport also meets specialized requirements for handling and temperature control, ensuring safe transit of sensitive products such as vaccines, biologics, and blood components. In addition, air cargo carriers are equipped with advanced facilities and equipment to maintain the safety and quality of medical goods throughout their journey, hence driving revenue growth of the market.

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High operating cost of air freight is limiting the transportation of value goods, could restrain market revenue growth. The demand for air freight is constrained by its relatively high cost, typically ranging from 4 to 5 times that of road transport and 12 to 16 times that of sea transport. Air freight rates typically fall within the range of USD 1.50 to USD 4.50 per kilogram, and the value of air cargo generally exceeds USD 4.00 per kilogram. As a result, commodities shipped by air are typically characterized by their high unit values or extreme time sensitivity, encompassing items such as documents, pharmaceuticals, fashion garments, production samples, consumer electronics, and perishable agricultural and seafood products.

Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.

Key Players operating in the industry are: Bolloré Logistics, DB Schenker, Deutsche Post AG, DSV - Global Transport and Logistics, Expeditors International of Washington, Inc., FedEx, Hellmann Worldwide Logistics, Kuehne+Nagel, Nippon express holdings, United Parcel Service of America, Inc., C.H. Robinson Worldwide, Inc., XPO, Inc., CEVA Logistics, Agility, Ceva, DACHSER, GEODIS, Maersk, Rhenus Group, and Qatar Airways.

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Some Key Highlights From the Report

• The international segment is expected to account for largest revenue share in the global air freight market during the forecast period. This is due to increasing use of international air freight to transport products in a significantly short time, maintain product freshness, and ensure safe usability. When contemplating the use of international air freight for shipping goods, international air freight proves exceptionally valuable when serving a widely dispersed customer base, ensuring the punctual delivery of packages.

• The e-commerce logistics segment is expected to register steadily fast revenue growth rate in the global air freight market over the forecast period. This is because major players in the global e-commerce arena, such as Amazon, have dramatically transformed the air freight sector by introducing the concept of complimentary two-day delivery, prompting many other online retailers to adopt a similar model.

• On 23 January 2023, com Inc. introduced a specialized air cargo service in India, known as Amazon Air, in a bid to enhance and accelerate deliveries within one of its crucial markets marked by rapid e-commerce sales growth. The company has made an investment in the Indian cargo carrier Quikjet, which will be solely responsible for shipping Amazon packages across four major Indian cities.

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For the purpose of this report, Emergen Research has segmented the global air freight system market based on service, destination, carrier type, freight type, end-use, and region:
• Service Outlook (Revenue, USD Billion; 2019-2032)
o Freight forwarding
o Airlines
o Mail
o Other services

• Destination Outlook (Revenue, USD Billion; 2019-2032)
o Domestic
o International

• Carrier Type Outlook (Revenue, USD Billion; 2019-2032)
o Belly cargo
o Freighter

• Freight type Outlook (Revenue, USD Billion; 2019-2032)
o Emergency freight
o Perishable freight
o Non-perishable freight
o Dangerous goods
o Live animals
o High-value freight
1. Special handling requirements
2. Tracking and tracing requirements
3. Insurance requirements
o Low-value freight

• End-use Outlook (Revenue, USD Billion; 2019-2032)
o E-commerce logistics
o Retail supply chain
o Cold chain logistics
o Oversized and heavy cargo

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. UK
3. France
4. Spain
5. BENELUX
6. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of Middle East & Africa

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