Global Air Cargo Market 2020-2024

LONDON–([1])–The global air cargo market is poised to grow by 16.75 million tons during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. Request free sample pages[2]

Read the 120-page report with TOC on “Air Cargo Market Analysis Report by End-users (Manufacturing, FMCG and retail, Pharmaceuticals and chemicals, and Other industries), Geography (APAC, Europe, MEA, North America and South America), and the Segment Forecasts, 2020-2024”. https://www.technavio.com/report/air-cargo-market-industry-analysis[3] The market is driven by the increase in e-commerce sales.

In addition, the rise in the popularity of air cargo digitization is anticipated to boost the growth of the air cargo market. The rise in the number of online shoppers, increasing internet penetration, and the proliferation of online sellers have resulted in the significant growth of global e-commerce sales. This is driving online sellers to increase the use of air cargo services to deliver products to customers on time.

For instance, in December 2018, Amazon signed an agreement with Cargo Aircraft Management (CAM), a subsidiary of ATSG, to lease additional aircraft to ensure speedy deliveries to its customers. Therefore, the rise in global e-commerce sales is expected to fuel the growth of the global air cargo market during the forecast period.

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View market snapshot before purchasing[4]

Major Five Air Cargo Market Companies: Air France-KLM SA Air France-KLM SA operates its business through segments such as Passenger network, Transavia, and Maintenance.

The company offers air cargo services for a variety of FMCG products, machinery, and automotive components. Cathay Pacific Airways Ltd. Cathay Pacific Airways Ltd. operates its business through segments such as Passenger services, Cargo services, and Catering, recoveries and other services.

The company offers air cargo services through its Cathay Pacific and Cathay Dragon businesses. China Airlines Ltd. China Airlines Ltd. operates its business through segments such as Air Transportation and Others.

The company offers air cargo services for pharmaceutical products, food and beverages, documents, and other industrial machinery and components. Delta Air Lines Inc. Delta Air Lines Inc. operates its business through segments such as Airline and Refinery.

The company offers air cargo services for standard and specialty freight. Deutsche Lufthansa AG Deutsche Lufthansa AG operates its business through segments such as Network Airlines, Eurowings, Logistics, MRO, and Others.

The company provides air cargo services through its own freighter aircraft.

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Technavio’s SUBSCRIPTION platform[5] Air Cargo Market End-users Outlook (Growth, Million Tons, 2020-2024)

  • Manufacturing
  • FMCG and retail
  • Pharmaceuticals and chemicals
  • Other industries

Air Cargo Market Geographic Outlook (Growth, Million Tons, 2020-2024)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report[6] Related Reports on Industrials[7] Include:

Global Air Freight Services Market[8] – Global air freight services market by geography (APAC, Europe, MEA, North America, and South America) and end-user (manufacturing, retail, and others). Global Air Charter Services Market[9] – Global air charter services market by application (charter passenger, charter freight, and others) and geography (North America, Europe, APAC, South America, and MEA). About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries.

Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.

This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

References

  1. ^ (www.businesswire.com)
  2. ^ Request free sample pages (cts.businesswire.com)
  3. ^ https://www.technavio.com/report/air-cargo-market-industry-analysis (cts.businesswire.com)
  4. ^ View market snapshot before purchasing (cts.businesswire.com)
  5. ^ Technavio’s SUBSCRIPTION platform (cts.businesswire.com)
  6. ^ Request a free sample report (cts.businesswire.com)
  7. ^ Industrials (cts.businesswire.com)
  8. ^ Global Air Freight Services Market (cts.businesswire.com)
  9. ^ Global Air Charter Services Market (cts.businesswire.com)

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