Europe Air Cargo Market Key Players, Industry Overview and Forecast Analysis – Science Market Reports

Air cargo market in Europe is expected to grow from US£ 24.68 Bn in 2018 to US£ 36.15 Bn by the year 2027. This represents a CAGR of 4.4% from the year 2019 to 2027. The factors such as growth of e-commerce sector in Europe and increased focus on adoption of temperature-sensitive product is expected to bolster the air cargo market.

Moreover, the rapid growth of consumer electronics industry is anticipated to boost air cargo market growth in the forecast period. Air cargo is a significant component of the e-commerce ecosystem in order to manage the transportation of goods globally. In contrast with the retail store, the e-commerce business is accountable for ensuring timely delivery and if the goods or products are returned then the company has to manage all the operations in reverse logistics.

In the e-commerce business, air cargo service providers deliver flexibility & scalability, upgraded technology, and efficiency & specialization. Moreover, the services provided by air cargo firms to e-commerce business are data management, real-time tracking, safe transportation, reduced time, and others. There are numerous benefits related to e-commerce and it can get fulfilled if the company deliver to its customer on time.

The air cargo plays a key role in the e-commerce ecosystem. With the increasing number of online customers and increasing cross border sales, the demand for air cargo is expected to surge during the forecast period. The Europe Air Cargo Market is growing along with the Automotive and Transportation industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Register for a free trial today and gain instant access to our market research reports @  Rest of Europe is anticipated to lead the air cargo market across the Europe region through the forecast period.

The Rest of Europe consists of Russia, Belgium, Netherlands and other developing countries of Europe. With the increasing number of airports and trade activities, the Rest of Europe is expected to witness high Y-o-Y growth during the forecast period. With the stabilized Russian economy and growing air cargo market, Russian cargo operators are expanding its operations in Russia.

Vendors are establishing a strong network between the U.S., Germany, and other countries. These factors are expected to offer broad growth opportunities in the Automotive and Transportation industry and this is expected to cause the demand for Europe Air Cargo Market in the market. Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.

Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms. EUROPE AIR CARGO MARKET SEGMENTATION

By Type

  • Air Mail
  • Air Freight

By Service

  • Express
  • Regular

By End-User

  • Retail
  • Pharmaceutical & Healthcare
  • Food & Beverage
  • Consumer Electronics
  • Automotive
  • Others

By Country

  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe

Companies Mentioned

  • ANA Cargo Inc. (ANA Group)
  • Lufthansa Cargo AG
  • United Parcel Service of America, Inc.
  • Etihad Cargo
  • FeDex Corportion
  • Cargolux Airlines International S.A.
  • DHL International GmbH
  • Emirates SkyCargo
  • Cathay Pacific Cargo
  • Zela Aviation The Air Charter Company

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