Air Freight Market 2023: Analysed by Business Growth, Development Factors, Applications, and Future Prospects
Global Air Freight Market Report assists the Industry experts, analysts and business decision makers to isolate the current market scenario, opportunities, upcoming market trends and pricing analysis. The Air Freight Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the Air Freight industry.
The Air Freight market report gives Analysis of incomes, limits and benefits of Key Manufacturers including the market holdings, offers of units, income dispersion, and the measures that have been taken to overcome the issues faced.
While land and ship cargo transportation remain as favorable options, goods transport by air is considered as the quickest and the unhindered mode of transportation. In terms of freight tons-kilometers (FTK), air freight transport registered a significant 9.7% growth In 2017 when compared to 3.6% growth in 2016. This signifies that the demand for air freight grew at twice the pace of the expansion in the global trade, which registered an increase of 4.3% In 2017. Furthermore, cargo airlines plan to tie up with logistics service providers to create an efficient supply chain regarding freight forwarding, storage capability, and customs clearances.
E-Commerce – A Key Driver
Despite being a costlier mode of transportation, the growing demand for perishables, chemicals and valuables, and the rising demand for just-in-time production of goods has created a massive demand for air freight services. Today, air freight is being impacted by the rise of e-commerce from both B2B and B2C perspectives. The evolving e-commerce has put pressures on sales channels for faster delivery and optimum supply chain. This scenario brings opportunities for the third-party logistics and warehousing services to integrate with the air e-commerce channel. Owing to the continued growth in online shopping, many third party logistics (3PLs) are offering more multi-modal services, which includes air cargo service as a critical mode of transportation. Furthermore, the growth in the global cross-border e-commerce is anticipated to boost the demand for the air cargo industry. Particularly, The Asia-Pacific region, which accounted for 37% market share is identified as a critical region for the air e-commerce market. The region registered a growth of 7.8% In 2017 when compared to 2016.
On the other hand, the growing demand for air freight transportation services has opened new challenges for the air cargo service providers. Airlines need to focus on implementing fuel-efficient solutions and accommodate innovative technologies to provide cost-effective services. In the logistics perspective, the storage facilities need to be developed to assist the global increase in air cargo. Special economic zones (SEZ), free trade zones (FTZ), and the bonded warehouses are projected to cater significant warehousing needs for the freight moving in and out of the airport shortly.
The market study on the global air freight industry is segmented into transportation, forwarding, and value added business based on service type; domestic and international based on destination type; and perspectives on end users. This study covers technological trends, Regional Analysis, and government regulations regarding the market.
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Top Air Freight Manufacturers Covered in this report:
- FedEx (Federal Express)
- United Parcel Service
- Cathay Pacific Airways
- China Airlines Cargo
- Japan Airlines
- Qatar Airways
- All Nippon Airways (ANA)
- IAG Cargo
- Magma Aviation
- Nippon Express
- DB Schenker
Significance of Air Freight Market report:
- Know more about Air Freight industry plans that are now being comprised by major manufacturers in the market.
- The assessed growth rate of Air Freight by size & share on the forecast period 2018-2023.
- The unique aspects anticipated to induce Air Freight market for its forecasted period of 2023.
- To understand the Air Freight industry scenario and its prospects.
- Strategies of leading Air Freight Industry players for evolving the plans for success in today’s competitive market.
Reasons to Purchase this ReportTo study current, and future of the, market in the developed and emerging marketsAnalyze various perspectives of the market with the help of Porterâs five forces analysisDetailed analysis of the segment that is expected to dominate the marketTo know the regions that are expected to witness fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in Excel)
Price of Report: $ 4750 (Single User License)
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In the end the Air Freight Market report presents all the necessary data required to form resulting yielding business strategies for Industry experts, analysts and business decision makers to decide their business strategies and achieve proposed business aims.