Press release
Air Freight Industry Set to Achieve $72.69 Billion Milestone by 2029 | Steady 7.4% CAGR
Air Freight
What Is the Long-Term Growth Forecast for the Air Freight Market Size 2025?
In recent times, there has been a robust growth in the air freight market size. The market value is expected to increase from $51.13 billion in 2024 to $54.57 billion in 2025, showing a compound annual growth rate (CAGR) of 6.7%. Elements such as footwear personalization, biometric foot mapping, health and wellness integration, a connected footwear ecosystem, and fashion-tech integration have contributed to the growth experienced in the historical period.
What CAGR is Forecasted for the Air Freight Market Through 2029?
The market size of air freight is projected to witness substantial expansion in the upcoming years, reaching $72.69 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. The anticipated surge during this forecast period is credited to factors like adaptive learning algorithms, environmental sustainability, health monitoring and feedback, integration with smart assistants, and augmented reality (ar) retail experiences. The forecast period also highlights key trends such as material innovation, smart insole technology, collaborations and limited editions, dynamic style customization, adaptive and responsive design.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/air-freight-global-market-report
What Are the Critical Factors Driving Air Freight Market Development?
The growth of the air freight market is seen to be driven by the rising need for swift-delivery services. These services belong to the realm of specialized logistical and transportation solutions, dedicated to guaranteeing prompt and efficient delivery of parcels, goods, or shipments from one place to the next. The standout characteristic of air freight is its unmatched speed, outperforming other transport methods such as land or sea travel. Companies can fulfill strict delivery timeframes and decrease the overall shipping duration, thanks to this swift transportation provision. When it comes to time-critical and high-value products like perishable items, drugs, and electronic devices, air freight is frequently the chosen transportation method. For example, ShippyPro, a software firm based in Italy, anticipates that 1.2 billion packages will be delivered in France and the UK by 2023, a figure set to rise to 1.9 billion parcels by 2027. Moreover, substantial growth is expected in the same-day delivery market, with the number of items delivered on the same day expected to rise from 70 million in 2022 to an estimated 260 to 521 million by 2027. Thus, the intensifying need for speedier delivery services is boosting the growth of the air freight market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13365&type=smp
How Does the Air Freight Market Break Down Across Major Segments?
The air freight market covered in this report is segmented -
1) By Service: Freight, Express, Mail, Other Services
2) By Destination: Domestic, International
3) By End Use: Pharmaceutical, Personal Care, Chemicals, Automobile, Fashion, Other End Users
Subsegments:
1) By Freight: General Cargo, Perishable Goods, Dangerous Goods, Other Freight
2) By Express: Time-sensitive Shipments, Door-To-door Services, Other Express Services
3) By Mail: Letters, Parcels, Other Mail Services
4) By Other Services: Charter Services, Customs Clearance, Warehousing And Distribution, Other Services
What Are the Major Trends Transforming the Air Freight Industry?
Leading companies in the air freight domain are concentrating on formulating unique technological advancements like ECU360 to maximize their market profits. ECU360 stands out as a ground-breaking digital air freight service intending to uncomplicate the shipping process for businesses of every scale. In an exemplary development in April 2023, ECU Worldwide, a logistics firm based in Belgium, introduced an innovative air freight service known as ECU360. It facilitates customers with a plethora of incorporated services which consists of getting an estimate, instant conversion of that quotation into an online booking, and observing their consignments in actual time. This technology efficiently organizes air freight and shipping routines, thereby enabling firms to facilitate their global merchandise export more easily. Upon the rollout of ECU360, ECU Worldwide is now able to offer a unique digital logistics platform that potentially equips the company with the capability to expand and intensify its influence in the logistics field.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13365&type=smp
Which Players Are Driving Innovation in the Air Freight Market?
Major companies operating in the air freight market report are Deutsche Post AG, United Parcel Service Inc., FedEx Corporation, Deutsche Bahn AG, Delta Air Lines Inc., American Airlines Inc., Kuehne+Nagel International AG, DSV Panalpina A/S, Southwest Airlines Co., Expeditors International Inc., British Airways PLC, Singapore Airlines Limited, Korean Air Lines Co. Ltd., UPS Supply Chain Solutions Inc., Air China Limited, XPO Logistics Inc., TNT Express BV, Kintetsu World Express Inc., Bollore Logistics, Cathay Pacific Airways Limited, Hellmann Worldwide Logistics SE & Co. KG, Cargolux Airlines International S.A., Lufthansa Cargo AG, ANA Cargo Inc., Yusen Logistics Co. Ltd., Qatar Airways Company Q.C.S.C., Nippon Express Co. Ltd., Etihad Airways PJSC, Agility Logistics Pvt. Ltd., CEVA Logistics Ltd.
Which Regions Are Driving Global Air Freight Market Expansion?
Asia-Pacific was the largest region in the air freight market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the air freight market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Speak With Our Expert: Saumya Sahay: Americas +1 310-496-7795: Asia +44 7882 955267 & +91 8897263534: Europe +44 7882 955267: Email: saumyas@tbrc.info: The Business Research Company - www.thebusinessresearchcompany.com: Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Air Freight Industry Set to Achieve $72.69 Billion Milestone by 2029 | Steady 7.4% CAGR here
News-ID: 4175258 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Air
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native …
WiseGuyReports.Com Publish a New Market Research Report On –“ Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native American Air Ambulance, Air Medical Group, REVA Air Ambulance, PHI Air Medical ”.
Air Ambulance Industry 2019
Description:-
Air Ambulance is also known as helicopter emergency medical service, it refers to the aircraft specially adapted for carrying patients with critical condition and serious injury after permanent professional medical…
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft.
Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576 …
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and…
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in…
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North…
