The global air cargo market was valued at US$ 102.00 Bn in 2018 and is expected to grow at a CAGR of 4.1% during the forecast period 2019 – 2027, to account to US$ 145.20 Bn by 2027. Factors such as surging e-commerce sector and increasing import-export trade globally is expected to drive the air cargo market growth.
Although global economic growth is estimated to surge in aggregate during the forecast period, this covers a broad range in regional as well as country-level performance. Economic activity in the developed economies is anticipated to grow at a similar pace as they were during the past five years, with moderate slowdowns in the US and Japan, being compensated by sturdier growth in the Eurozone. The latter is expected to support incoming demand for air cargo into Europe on the major trade lanes between North America and Asia.
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According to International Monetary Fund, GDP growth in the emerging group of economies is anticipated to spur in the coming few years, facilitated by robust activity in energy-producing countries such as Brazil and Russia. Similar expectations for global goods trade is anticipated at a regional as well as country level. Sturdier economic growth in the emerging economies is anticipated to translate into faster goods import growth. Sub-Saharan Africa is also projected to witness robust goods trade growth over the next few years, owing to FDI inflows from Asia. However, China is the only key country anticipated to notice a slowdown in goods trade growth. However, IATA anticipate this impact to be felt most intensely by bulk shippers as well as sea freight, as heavy materials demand associated to investment declines. Indeed, prosperous opportunities for air cargo are expected as the country shifts towards a more consumer-led growth model.
The overall air cargo market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the air cargo market. It also provides the overview and forecast for the global air cargo market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the air cargo industry. Some of the players present in the air cargo market are DHL International GmbH, Lufthansa Cargo AG, FedEx, Emirates, SkyCargo, Cargolux, Cathay Pacific Airways, United Parcel Service of America, Inc., ANA Cargo, EtihadCargo, and Zela Aviation The Air Charter Company among others.
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TABLE OF CONTENTS
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global Air Cargo Market – By Type
1.3.2 Global Air Cargo Market – By Service
1.3.3 Global Air Cargo Market – By End-user
1.3.4 Global Air Cargo Market – By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
4. AIR CARGO MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 MEA PEST Analysis
4.3.5 SAM PEST Analysis
5. AIR CARGO MARKET – KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Booming e-Commerce sector has significant positive impact on air cargo market
5.1.2 Increasing demand from temperature-sensitive product
5.2 RESTRAINTS
5.2.1 Market uncertainty is hampering the growth of air cargo market
5.3 OPPORTUNITY
5.3.1 The developing policies as well as airport infrastructure in Southeast Asian counties are creating a huge opportunity for air cargo players
5.4 FUTURE TRENDS
5.4.1 Implementation of several software solutions
5.5 IMPACT ANALYSIS OF DRIVERS & RESTRAINTS
6. AIR CARGO – GLOBAL MARKET ANALYSIS
6.1 GLOBAL AIR CARGO MARKET OVERVIEW
6.2 GLOBAL AIR CARGO MARKET FORECAST AND ANALYSIS
6.3 MARKET POSITIONING/ MARKET SHARE
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