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Top Trends Transforming the Freight Chartered Air Transport Market Landscape in 2025: Blockchain Integration Revolutionizes Logistics In The Freight Chartered Air Transport Market
Freight Chartered Air Transport Market
Freight Chartered Air Transport Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the freight chartered air transport sector has seen significant expansion lately. It is predicted to rise from $30.67 billion in 2024 to $34.32 billion in 2025, recording a compound annual growth rate (CAGR) of 11.9%. The surge during the historic period can be credited to the robust economic growth in budding markets, the expansion of air cargo transportation, and delays in ocean shipping.
Freight Chartered Air Transport Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the freight chartered air transport market is projected to witness swift expansion. The market is predicted to reach a value of $52.58 billion by 2029, with a compound annual growth rate (CAGR) of 11.3%. This growth during the forecast period can be linked to factors such as governmental backing, increased urbanization, and the advantages of using freight-chartered air transport over other freight transportation alternatives. Key trends during this forecast period include a concentration on business growth, partnerships and collaborations, amalgamations and acquisitions, and the initiation of new cargo centers.
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What Are the Drivers Transforming the Freight Chartered Air Transport Market?
The escalating demand for prompt delivery of hazardous materials and dangerous goods is anticipated to fuel the growth of the freight chartered air transport market. Goods of a sensitive and hazardous nature, such as highly combustible gases, explosives, radioactive substances, and military equipment, necessitate specialised skills and expert knowledge for shipping. These items are usually conveyed via chartered cargo to prevent potential explosions and contamination. For example, the USA's Federal Aviation Administration (FAA) has authorised and trained all employees for chartered cargo services under an FAA-approved hazardous materials program, offering a par-135 certificate, thereby enabling on-demand operations. Consequently, the pressing need for delivering hazardous and dangerous goods is foreseen to catalyse the expansion of the freight chartered air transport market.
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What Long-Term Trends Will Define the Future of the Freight Chartered Air Transport Market?
In the freight chartered air transport market, businesses are capitalizing on blockchain technology to enhance logistics across several sectors. Blockchain is a permanent, shared ledger that simplifies the tracking and recording of transactions and assets within a commercial network. For instance, Air Charter Service - a charter company based in the UK, In September 2022, established ACS Time Critical. This is a subsidiary brand that combines its unique urgent cargo products. This around-the-clock service is tailored to offer a variety of time-sensitive cargo solutions, delivering an end-to-end service for the most critical freight. By incorporating these services into the newly formed ACS Time Critical subsidiary brand, the company's objective is to provide a more defined and specialized suite of solutions for critical freight, accommodating the requirements of manufacturer and forwarder clients. This move underscores ACS's dedication to supply all-inclusive and specialized services to meet the needs of urgent cargo transport.
Which Segments in the Freight Chartered Air Transport Market Offer the Most Profit Potential?
The freight chartered air transport market covered in this report is segmented -
1) By Cargo Type: Heavy And Outsize Cargo, Dangerous Cargo, Animal Transportation, Other Cargo Types
2) By Application: Private Use, Commercial Use
3) By End Use: Individuals, Sports Teams, Large Corporations
Subsegments:
1) By Heavy And Outsize Cargo: Large Machinery And Equipment, Industrial Parts, Construction Materials, Oversized Vehicles
2) By Dangerous Cargo: Hazardous Materials, Radioactive Materials, Flammable Goods, Biological Substances
3) By Animal Transportation: Live Animals, Exotic Animals, Veterinary Cargo
4) By Other Cargo Types: Perishable Goods, General Freight, Artwork And Antiques, Humanitarian Cargo
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Which Firms Dominate the Freight Chartered Air Transport Market by Market Share and Revenue in 2025?
Major companies operating in the freight chartered air transport market include Atlas Air Worldwide Holdings, Cathay Pacific Airways Ltd, Air Transport Services Group Inc., Air Charter Service, Garuda Indonesia, ACC Aviation Ltd, Jet edge International, Air Partner, Thai Airways International Public Co., Ltd., Cargo Air Chartering, C R V Air Services, AFM Logistics Pvt Ltd, Shiprocket, Kerryindev Logistics Pvt Ltd, Schenker International (H.K) Limited, Japan Airlines Co Ltd, Nippon Express, JHJ International Transportation Co Ltd, SINO Shipping, PDS International Pvt Ltd, Air China Cargo Co Ltd, SNCF Voyageurs, Air France-KLM Group, DPDgroup, Air France, CEVA Logistics, Geodis Freight & Logistics Services, RATP Dev, Transdev Group, Haulystic Ltd, Expeditors, Alinnza Trading London Ltd, Barrington Freight Ltd, Kite Freight Services, RWorld Express, Cool Cargo UK, United Aircraft Corporation (UAC), FedEx Corporation, United Parcel Service, A.P. Moller - Mærsk A/S, Stratos Jet Charters Inc, Cainiao Smart Logistics Network Limited, Air Cargo Charter Company, Bu Shames FZE, Iraq Gate Company, MATEEN Express, Fridenson Logistic Services Ltd, Challenge Airlines (IL) Ltd, South African Airways Cargo, Ethiopian Airlines Cargo
Which Regions Offer the Highest Growth Potential in the Freight Chartered Air Transport Market?
North America was the largest region in the freight-chartered air transport market in 2024. Asia-Pacific was the second largest region in the global freight-chartered air transport services market. The regions covered in the freight chartered air transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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