Global Air Freight Market Poised for Strong Growth Through 2034 Amid Rising Trade and E-commerce Demand

Market Overview
The global air freight market was valued at USD 335.2 Billion in 2025 and is expected to reach USD 506.2 Billion by 2034, growing at a CAGR of 4.70% during 2026-2034. Dominated by the Asia Pacific region with a 39.5% share in 2025, the market benefits from rising demand for fast, efficient cross-border transportation and the expanding e-commerce sector. Technological advancements and increasing import-export activities further foster market growth. Visit the Air Freight Market for detailed insights.

Study Assumption Years
• Base Year: 2025
• Historical Year/Period: 2020-2025
• Forecast Year/Period: 2026-2034

Air Freight Market Key Takeaways
• Market Size in 2025: USD 335.2 Billion
• CAGR (2026-2034): 4.70%
• Forecast Period: 2026-2034
• Asia Pacific dominated the air freight market with the largest share of 39.5% in 2025.
• Freight services held the highest revenue share at 74.1% in 2025.
• The international segment led with around 85.1% market share in 2025.
• Commercial end users accounted for approximately 88.5% of the market share in 2025.
• The market growth is propelled by the rapid expansion of global e-commerce and the increasing demand for time-sensitive goods delivery.
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Market Growth Factors
The global air freight market is primarily driven by the escalating demand for fast and efficient transportation of goods across borders paired with the growth of e-commerce sectors worldwide. For instance, India is projected to have 501.6 million e-commerce users by 2029, with increasing user penetration, supporting air freight growth. Additionally, the Government e-Marketplace (GeM) hit a gross merchandise value of USD 201.1 Billion in the fiscal year 2022-23, reflecting the market's expansion.

International trade boosts the air freight market as the movement of high-value and perishables, including pharmaceuticals, luxury goods, electronics, and fresh foods, increases globally. For example, Shenzhen Bao'an International Airport recorded a 101% rise in cross-border e-commerce shipments in early 2023, demonstrating heightened demand and prompting infrastructure development like SEZs and bonded warehouses.

Technological advancements such as automation, AI, IoT, and digital tracking enhance operational efficiencies and reliability in air freight logistics. Innovations like digital cargo platforms, e-booking systems, and cloud-based CO2 emissions tracking platforms (e.g., FedEx Sustainability Insights) are increasingly integrated, improving transparency and environmental sustainability, thus supporting market growth.

Market Segmentation
By Service:
• Freight: Leading segment with around 74.1% revenue share in 2025. It provides reliable, cost-effective transport of goods domestically and internationally, including special handling for hazardous or fragile items. For example, Cargojet expanded capacity through agreements with DHL Express and fleet acquisitions.

By Destination:
• International: Dominates with approximately 85.1% market share in 2025. This segment facilitates fast movement of goods between continents, catering especially to high-value and perishable products. Carriers like Emirates, Lufthansa, and British Airways are enhancing door-to-door delivery services for e-commerce giants.

By End User:
• Commercial: Accounts for 88.5% of market share in 2025, driven by manufacturers, retailers, and wholesalers using air freight to efficiently transport goods. The increasing share of e-commerce cargo (18% of air freight according to ATA) underscores the segment's growth.

Regional Insights
Asia Pacific is the dominant region, holding over 39.5% of the market share in 2025. The region benefits from significant investments in airport infrastructure modernization and network expansion. Modifications in passenger aircraft for freight transport, adoption of the cold chain logistics, and the development of regional trade agreements like RCEP facilitate smoother cross-border trade and sustain strong market demand.

Recent Developments & News
• February 2025: Nippon Express partnered with Nikon Corporation to supply SAF-enabled air freight transportation services, including CO2 reduction certificates.
• February 2025: JAS acquired International Airfreight Associates B.V. to strengthen its international shipping network.
• January 2025: Freightos and Norwegian Cargo partnered to integrate a digital booking tool via WebCargo platform.
• January 2025: Finnair Cargo joined Unisys' Cargo Portal Services platform for enhanced booking capabilities.
• December 2024: China Airlines integrated the iCargo digital solution to advance its digitalization and maintain top provider status.
• May 2024: Maersk opened a 90,000 sq. ft. air freight gateway in Miami to boost cargo flow from Europe and Asia to Latin America.

Key Players
• American Airlines Inc.
• ANA Cargo Inc.
• Bolloré Logistics
• Cargolux Airlines International S.A.
• Delta Air Lines Inc.
• Deutsche Bahn AG
• Deutsche Post AG
• DSV A/S
• Expeditors International of Washington Inc.
• FedEx Corporation
• Hellmann Worldwide Logistics SE & Co. KG
• Kuehne + Nagel International AG
• Nippon Express Co. Ltd.
• Qatar Airways
• United Parcel Service Inc.

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