IMARC Group, a leading market research company, has recently releases report titled “Air Freight Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global air freight market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is The Air Freight Market?

The global air freight market size reached US$ 287.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 413.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

Air freight involves the transfer and shipment of goods and parcels by air carriers, which can be chartered or commercial. It involves the delivery of various perishable goods, such as fruits, vegetables, dairy products, poultry, premium seafood, and meat products. It is managed by experienced staff and equipped with the proper infrastructure to maintain the quality of the products. It also facilitates efficient coordination between logistics and local carrier management systems for gathering and loading items from warehouses and arranging them into airplanes. It also enables individuals to check the real-time status of their shipment with the help of web-based tracking,

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What are the growth prospects and trends in the air freight industry?

At present, the increasing demand for air freight, as it is a reliable mode of shipment and economical in nature, represents one of the primary factors propelling the growth of the market.

Besides this, the rising utilization of air freight by pharmaceutical and medical sectors to urgently transport medicines, vaccines, and various surgical equipment at various locations is contributing to the growth of the market. In addition, the growing trend of online shopping from e-commerce platforms is offering a favorable market outlook.

Apart from this, key market players are investing in transforming the technology of old mainframe systems into more adaptable interfaces employed for processes, such as flight operations, revenue accounting, and networking planning.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Service:

• Freight

• Express

• Mail

• Others

Breakup by Destination:

• Domestic

• International

Breakup by End User:

• Private

• Commercial

 Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

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 and United Parcel Service Inc.

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