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Global Air Cargo Market Size, Status and Forecast 2022
Published Date: July 2022
|
Report Code: QYRE-Auto-16T3301
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Global Air Cargo Market Size Status and Forecast 2020 2026
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Global Air Cargo Market Size, Status and Forecast 2022

Code: QYRE-Auto-16T3301
Report
July 2022
Pages:108
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Air Cargo Market

The global Air Cargo market size is projected to reach USD 111810 Million by 2027, from USD 82570 Million in 2020, at a CAGR of 4.0% during 2021-2027. Key drivers of the air cargo market include the growing demand for faster delivery of cargo.  Increasing cross-border eCommerce and low costs related to insurance premiums will drive the growth of the air cargo market during the forecast period. Further, the rapid expansion of the pharmaceutical industry and the need to transport temperature-sensitive goods such as drugs, medicines will aid in market growth.

Air Cargo Market

Trends Influencing the Global Air Cargo Market

Consumer demand for faster delivery of cargo

The demand for air cargo is growing as transportation of goods by air takes much less time in comparison to other modes of transportation such as railways, roads, and shipping. There is a fixed arrival and departure time with minimal or no scope for delays. The warehouse requirement is less and clearance is fast. The shipment of goods always arrives on time. Thus the above factors are creating consumer demand for air cargo thereby driving the growth of the air cargo market during the forecast period.

Expansion of cross-border eCommerce and low insurance premiums

The cross border eCommerce industry is expanding at a substantial rate. The growing penetration of smartphones, online shopping trends, and rising disposable incomes are all aiding in the growth of the industry. The easy availability of a wide variety of goods at cheaper payment options in other countries along with strong logistical solutions is catering to the growing demand for cross-border eCommerce. Air cargo plays a major role in this sector. Moreover, the shipment duration in air freight is short leading to lesser insurance premiums for air transportation. Thus the acceleration of the cross-border eCommerce industry along with low insurance premiums for airline transportation will drive the growth of the air cargo market in the coming years.   

Growth of pharmaceutical industry and need for transporting temperature-sensitive goods

The pharmaceutical industry is growing at a rapid pace. The strict regulatory requirements and a growing number of biotech or pharma products entering the market every day require the need for efficient air cargo transport services with packaging and cold chain facilities. This enables quick transportation of temperature-sensitive goods such as drugs, chemicals, and medicines without any damage or threat to security. Thus the expanding pharma industry and the growing need to transport temperature-sensitive products will drive the growth of the air cargo market during the forecast period. Market players with cold chain facilities will develop immensely during the review period.

Air Cargo Market Share

Based on application, the Pharmaceutical and healthcare segment is expected to provide lucrative opportunities for growth in the air cargo market share as air transport provides fast delivery and smooth packaging enabling quick transport of time-controlled and temperature sensitive products.

Based on type, air freight is expected to provide lucrative opportunities for growth in the air cargo market share due to the rising eCommerce industry and global trade of goods and services.

Based on region, North America will provide huge scope for growth in the air cargo market share due to economic growth and rising income levels.

Air Cargo Market Segmentation

By Type

  • Air Mail
  • Air Freight

By Application

  • Retail
  • Food and Beverages
  • Pharmaceuticals and Healthcare
  • Consumer Electronics
  • 3PL

Key Players

  • China Airlines Cargo
  • FedEx Express
  • UPS Airlines
  • Cathay Pacific Cargo
  • DHL Aviation
  • Korean Air Caro
  • Cargolux
  • Lufthansa Cargo
  • Singapore Airlines Cargo
  • Emirates SkyCargo
  • Air Freight and Air Mail

Scope of Air Cargo Market Report

Report Metric

Details

Report Name

Air Cargo Market

Market size value in 2020

USD 82570 Million

Revenue forecast in 2027

USD 111810 Million

Growth Rate

4%

Base year considered

2020

Forecast Period

2021-2027

By Type

Air Cargo, Air Freight

By Application

Pharmaceuticals and Healthcare, Retail, Consumer Electronics, Food and Beverages, 3PL

Report Coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Type, Application, and Region

Geographic Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Frequently Asked Questions About This Report 

1. How big is the Air Cargo Market?

Ans. The global Air Cargo market size is projected to reach US$ 111810 million by 2027, from US$ 82570 million in 2020, at a CAGR of 4.0% during 2021-2027.

2. Who are the key players available in the Air Cargo Industry?

Ans. Some of the major companies are China Airlines Cargo, FedEx Express, UPS Airlines, Cathay Pacific Cargo, DHL Aviation, Korean Air Caro, Cargolux, Lufthansa Cargo, Singapore Airlines Cargo, Emirates SkyCargo.

3. Does the report provides covid-19 impact analysis?

Ans. Yes, the report includes a COVID-19 impact analysis. Also, it is further extended into every individual segment of the report.

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Air Cargo Revenue
1.4 Market by Type
1.4.1 Global Air Cargo Market Size Growth Rate by Type: 2020 VS 2026
1.4.2 Air Mail
1.4.3 Air Freight
1.5 Market by Application
1.5.1 Global Air Cargo Market Share by Application: 2020 VS 2026
1.5.2 Retail
1.5.3 Food and Beverages
1.5.4 Pharmaceuticals and Healthcare
1.5.5 Consumer Electronics
1.5.6 Third Party Logistics
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Global Air Cargo Market Perspective (2015-2026)
2.2 Global Air Cargo Growth Trends by Regions
2.2.1 Air Cargo Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Air Cargo Historic Market Share by Regions (2015-2020)
2.2.3 Air Cargo Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porter’s Five Forces Analysis
2.3.5 Air Cargo Market Growth Strategy
2.3.6 Primary Interviews with Key Air Cargo Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Air Cargo Players by Market Size
3.1.1 Global Top Air Cargo Players by Revenue (2015-2020)
3.1.2 Global Air Cargo Revenue Market Share by Players (2015-2020)
3.1.3 Global Air Cargo Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Air Cargo Market Concentration Ratio
3.2.1 Global Air Cargo Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Air Cargo Revenue in 2019
3.3 Air Cargo Key Players Head office and Area Served
3.4 Key Players Air Cargo Product Solution and Service
3.5 Date of Enter into Air Cargo Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Market Size by Type (2015-2026)
4.1 Global Air Cargo Historic Market Size by Type (2015-2020)
4.2 Global Air Cargo Forecasted Market Size by Type (2021-2026)
5 Market Size by Application (2015-2026)
5.1 Global Air Cargo Market Size by Application (2015-2020)
5.2 Global Air Cargo Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Air Cargo Market Size (2015-2020)
6.2 Air Cargo Key Players in North America (2019-2020)
6.3 North America Air Cargo Market Size by Type (2015-2020)
6.4 North America Air Cargo Market Size by Application (2015-2020)
7 Europe
7.1 Europe Air Cargo Market Size (2015-2020)
7.2 Air Cargo Key Players in Europe (2019-2020)
7.3 Europe Air Cargo Market Size by Type (2015-2020)
7.4 Europe Air Cargo Market Size by Application (2015-2020)
8 China
8.1 China Air Cargo Market Size (2015-2020)
8.2 Air Cargo Key Players in China (2019-2020)
8.3 China Air Cargo Market Size by Type (2015-2020)
8.4 China Air Cargo Market Size by Application (2015-2020)
9 Japan
9.1 Japan Air Cargo Market Size (2015-2020)
9.2 Air Cargo Key Players in Japan (2019-2020)
9.3 Japan Air Cargo Market Size by Type (2015-2020)
9.4 Japan Air Cargo Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Air Cargo Market Size (2015-2020)
10.2 Air Cargo Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Air Cargo Market Size by Type (2015-2020)
10.4 Southeast Asia Air Cargo Market Size by Application (2015-2020)
11 India
11.1 India Air Cargo Market Size (2015-2020)
11.2 Air Cargo Key Players in India (2019-2020)
11.3 India Air Cargo Market Size by Type (2015-2020)
11.4 India Air Cargo Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Air Cargo Market Size (2015-2020)
12.2 Air Cargo Key Players in Central & South America (2019-2020)
12.3 Central & South America Air Cargo Market Size by Type (2015-2020)
12.4 Central & South America Air Cargo Market Size by Application (2015-2020)
13 Key Players Profiles
13.1 China Airlines Cargo
13.1.1 China Airlines Cargo Company Details
13.1.2 China Airlines Cargo Business Overview
13.1.3 China Airlines Cargo Air Cargo Introduction
13.1.4 China Airlines Cargo Revenue in Air Cargo Business (2015-2020))
13.1.5 China Airlines Cargo Recent Development
13.2 FedEx Express
13.2.1 FedEx Express Company Details
13.2.2 FedEx Express Business Overview
13.2.3 FedEx Express Air Cargo Introduction
13.2.4 FedEx Express Revenue in Air Cargo Business (2015-2020)
13.2.5 FedEx Express Recent Development
13.3 UPS Airlines
13.3.1 UPS Airlines Company Details
13.3.2 UPS Airlines Business Overview
13.3.3 UPS Airlines Air Cargo Introduction
13.3.4 UPS Airlines Revenue in Air Cargo Business (2015-2020)
13.3.5 UPS Airlines Recent Development
13.4 Cathay Pacific Cargo
13.4.1 Cathay Pacific Cargo Company Details
13.4.2 Cathay Pacific Cargo Business Overview
13.4.3 Cathay Pacific Cargo Air Cargo Introduction
13.4.4 Cathay Pacific Cargo Revenue in Air Cargo Business (2015-2020)
13.4.5 Cathay Pacific Cargo Recent Development
13.5 DHL Aviation
13.5.1 DHL Aviation Company Details
13.5.2 DHL Aviation Business Overview
13.5.3 DHL Aviation Air Cargo Introduction
13.5.4 DHL Aviation Revenue in Air Cargo Business (2015-2020)
13.5.5 DHL Aviation Recent Development
13.6 Korean Air Caro
13.6.1 Korean Air Caro Company Details
13.6.2 Korean Air Caro Business Overview
13.6.3 Korean Air Caro Air Cargo Introduction
13.6.4 Korean Air Caro Revenue in Air Cargo Business (2015-2020)
13.6.5 Korean Air Caro Recent Development
13.7 Cargolux
13.7.1 Cargolux Company Details
13.7.2 Cargolux Business Overview
13.7.3 Cargolux Air Cargo Introduction
13.7.4 Cargolux Revenue in Air Cargo Business (2015-2020)
13.7.5 Cargolux Recent Development
13.8 Lufthansa Cargo
13.8.1 Lufthansa Cargo Company Details
13.8.2 Lufthansa Cargo Business Overview
13.8.3 Lufthansa Cargo Air Cargo Introduction
13.8.4 Lufthansa Cargo Revenue in Air Cargo Business (2015-2020)
13.8.5 Lufthansa Cargo Recent Development
13.9 Singapore Airlines Cargo
13.9.1 Singapore Airlines Cargo Company Details
13.9.2 Singapore Airlines Cargo Business Overview
13.9.3 Singapore Airlines Cargo Air Cargo Introduction
13.9.4 Singapore Airlines Cargo Revenue in Air Cargo Business (2015-2020)
13.9.5 Singapore Airlines Cargo Recent Development
13.10 Emirates SkyCargo
13.10.1 Emirates SkyCargo Company Details
13.10.2 Emirates SkyCargo Business Overview
13.10.3 Emirates SkyCargo Air Cargo Introduction
13.10.4 Emirates SkyCargo Revenue in Air Cargo Business (2015-2020)
13.10.5 Emirates SkyCargo Recent Development
13.11 Air Freight and Air Mail
10.11.1 Air Freight and Air Mail Company Details
10.11.2 Air Freight and Air Mail Business Overview
10.11.3 Air Freight and Air Mail Air Cargo Introduction
10.11.4 Air Freight and Air Mail Revenue in Air Cargo Business (2015-2020)
10.11.5 Air Freight and Air Mail Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Tables
    Table 1. Air Cargo Key Market Segments
    Table 2. Key Players Covered: Ranking by Air Cargo Revenue
    Table 3. Ranking of Global Top Air Cargo Manufacturers by Revenue (US$ Million) in 2019
    Table 4. Global Air Cargo Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
    Table 5. Key Players of Air Mail
    Table 6. Key Players of Air Freight
    Table 7. Global Air Cargo Market Size Growth by Application (US$ Million): 2020 VS 2026
    Table 8. Global Air Cargo Market Size by Regions (US$ Million): 2020 VS 2026
    Table 9. Global Air Cargo Market Size by Regions (2015-2020) (US$ Million)
    Table 10. Global Air Cargo Market Share by Regions (2015-2020)
    Table 11. Global Air Cargo Forecasted Market Size by Regions (2021-2026) (US$ Million)
    Table 12. Global Air Cargo Market Share by Regions (2021-2026)
    Table 13. Market Top Trends
    Table 14. Key Drivers: Impact Analysis
    Table 15. Key Challenges
    Table 16. Air Cargo Market Growth Strategy
    Table 17. Main Points Interviewed from Key Air Cargo Players
    Table 18. Global Air Cargo Revenue by Players (2015-2020) (Million US$)
    Table 19. Global Air Cargo Market Share by Players (2015-2020)
    Table 20. Global Top Air Cargo Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Air Cargo as of 2019)
    Table 21. Global Air Cargo by Players Market Concentration Ratio (CR5 and HHI)
    Table 22. Key Players Headquarters and Area Served
    Table 23. Key Players Air Cargo Product Solution and Service
    Table 24. Date of Enter into Air Cargo Market
    Table 25. Mergers & Acquisitions, Expansion Plans
    Table 26. Global Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 27. Global Air Cargo Market Size Share by Type (2015-2020)
    Table 28. Global Air Cargo Revenue Market Share by Type (2021-2026)
    Table 29. Global Air Cargo Market Size Share by Application (2015-2020)
    Table 30. Global Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 31. Global Air Cargo Market Size Share by Application (2021-2026)
    Table 32. North America Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 33. North America Key Players Air Cargo Market Share (2019-2020)
    Table 34. North America Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 35. North America Air Cargo Market Share by Type (2015-2020)
    Table 36. North America Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 37. North America Air Cargo Market Share by Application (2015-2020)
    Table 38. Europe Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 39. Europe Key Players Air Cargo Market Share (2019-2020)
    Table 40. Europe Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 41. Europe Air Cargo Market Share by Type (2015-2020)
    Table 42. Europe Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 43. Europe Air Cargo Market Share by Application (2015-2020)
    Table 44. China Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 45. China Key Players Air Cargo Market Share (2019-2020)
    Table 46. China Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 47. China Air Cargo Market Share by Type (2015-2020)
    Table 48. China Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 49. China Air Cargo Market Share by Application (2015-2020)
    Table 50. Japan Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 51. Japan Key Players Air Cargo Market Share (2019-2020)
    Table 52. Japan Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 53. Japan Air Cargo Market Share by Type (2015-2020)
    Table 54. Japan Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 55. Japan Air Cargo Market Share by Application (2015-2020)
    Table 56. Southeast Asia Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 57. Southeast Asia Key Players Air Cargo Market Share (2019-2020)
    Table 58. Southeast Asia Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 59. Southeast Asia Air Cargo Market Share by Type (2015-2020)
    Table 60. Southeast Asia Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 61. Southeast Asia Air Cargo Market Share by Application (2015-2020)
    Table 62. India Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 63. India Key Players Air Cargo Market Share (2019-2020)
    Table 64. India Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 65. India Air Cargo Market Share by Type (2015-2020)
    Table 66. India Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 67. India Air Cargo Market Share by Application (2015-2020)
    Table 68. Central & South America Key Players Air Cargo Revenue (2019-2020) (Million US$)
    Table 69. Central & South America Key Players Air Cargo Market Share (2019-2020)
    Table 70. Central & South America Air Cargo Market Size by Type (2015-2020) (Million US$)
    Table 71. Central & South America Air Cargo Market Share by Type (2015-2020)
    Table 72. Central & South America Air Cargo Market Size by Application (2015-2020) (Million US$)
    Table 73. Central & South America Air Cargo Market Share by Application (2015-2020)
    Table 74. China Airlines Cargo Company Details
    Table 75. China Airlines Cargo Business Overview
    Table 76. China Airlines Cargo Product
    Table 77. China Airlines Cargo Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 78. China Airlines Cargo Recent Development
    Table 79. FedEx Express Company Details
    Table 80. FedEx Express Business Overview
    Table 81. FedEx Express Product
    Table 82. FedEx Express Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 83. FedEx Express Recent Development
    Table 84. UPS Airlines Company Details
    Table 85. UPS Airlines Business Overview
    Table 86. UPS Airlines Product
    Table 87. UPS Airlines Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 88. UPS Airlines Recent Development
    Table 89. Cathay Pacific Cargo Company Details
    Table 90. Cathay Pacific Cargo Business Overview
    Table 91. Cathay Pacific Cargo Product
    Table 92. Cathay Pacific Cargo Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 93. Cathay Pacific Cargo Recent Development
    Table 94. DHL Aviation Company Details
    Table 95. DHL Aviation Business Overview
    Table 96. DHL Aviation Product
    Table 97. DHL Aviation Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 98. DHL Aviation Recent Development
    Table 99. Korean Air Caro Company Details
    Table 100. Korean Air Caro Business Overview
    Table 101. Korean Air Caro Product
    Table 102. Korean Air Caro Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 103. Korean Air Caro Recent Development
    Table 104. Cargolux Company Details
    Table 105. Cargolux Business Overview
    Table 106. Cargolux Product
    Table 107. Cargolux Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 108. Cargolux Recent Development
    Table 109. Lufthansa Cargo Business Overview
    Table 110. Lufthansa Cargo Product
    Table 111. Lufthansa Cargo Company Details
    Table 112. Lufthansa Cargo Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 113. Lufthansa Cargo Recent Development
    Table 114. Singapore Airlines Cargo Company Details
    Table 115. Singapore Airlines Cargo Business Overview
    Table 116. Singapore Airlines Cargo Product
    Table 117. Singapore Airlines Cargo Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 118. Singapore Airlines Cargo Recent Development
    Table 119. Emirates SkyCargo Company Details
    Table 120. Emirates SkyCargo Business Overview
    Table 121. Emirates SkyCargo Product
    Table 122. Emirates SkyCargo Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 123. Emirates SkyCargo Recent Development
    Table 124. Air Freight and Air Mail Company Details
    Table 125. Air Freight and Air Mail Business Overview
    Table 126. Air Freight and Air Mail Product
    Table 127. Air Freight and Air Mail Revenue in Air Cargo Business (2015-2020) (Million US$)
    Table 128. Air Freight and Air Mail Recent Development
    Table 129. Research Programs/Design for This Report
    Table 130. Key Data Information from Secondary Sources
    Table 131. Key Data Information from Primary Sources
List of Figures
    Figure 1. Global Air Cargo Market Share by Type: 2020 VS 2026
    Figure 2. Air Mail Features
    Figure 3. Air Freight Features
    Figure 4. Global Air Cargo Market Share by Application: 2020 VS 2026
    Figure 5. Retail Case Studies
    Figure 6. Food and Beverages Case Studies
    Figure 7. Pharmaceuticals and Healthcare Case Studies
    Figure 8. Consumer Electronics Case Studies
    Figure 9. Third Party Logistics Case Studies
    Figure 10. Air Cargo Report Years Considered
    Figure 11. Global Air Cargo Market Size YoY Growth 2015-2026 (US$ Million)
    Figure 12. Global Air Cargo Market Share by Regions: 2020 VS 2026
    Figure 13. Global Air Cargo Market Share by Regions (2021-2026)
    Figure 14. Porter's Five Forces Analysis
    Figure 15. Global Air Cargo Market Share by Players in 2019
    Figure 16. Global Top Air Cargo Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Air Cargo as of 2019
    Figure 17. The Top 10 and 5 Players Market Share by Air Cargo Revenue in 2019
    Figure 18. North America Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 19. Europe Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 20. China Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 21. Japan Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 22. Southeast Asia Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 23. India Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 24. Central & South America Air Cargo Market Size YoY Growth (2015-2020) (Million US$)
    Figure 25. Bottom-up and Top-down Approaches for This Report
    Figure 26. Data Triangulation
    Figure 27. Key Executives Interviewed
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