The air cargo market is expected to grow to US$ 175.24 billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2022 to 2028.

Online retailing attracts more prospective customers than brick and mortar-based competitors due to the global scale of the internet. In addition, e-commerce market players opt for a variety of logistics options such as the surface transport and air transport to deliver packages to their customers. Therefore, as the global e-commerce market is growing, varying buying patterns and trends have been observed in different countries. Majority of the purchase is influenced by the demographics of the country such as the percentage of the youth population indulging in e-commerce activity, the economy of the country, age group interested in e-commerce, and the level of awareness in the country. Thus, e-commerce is a future growth driver for the air cargo market growth, as online shopping boosts the demand for parcel delivery services worldwide. Air cargo is well-positioned to serve customer’s needs and deliver their goods globally with speed, efficiency, and reliability. The fast-growing cross-border e-commerce market remains a key driver, along with high domestic volumes sent by large and small e-retailers. Such factors are driving the air cargo market growth across different regions.

COVID-19 Pandemic Impact on Air Cargo Market

Asia Pacific is characterized by a large number of developing countries, a high industrial presence, and a positive economic outlook. Air cargo demand has witnessed growth in the region since the emergence of the COVID-19 crisis, with the Pacific Rim driving most of the growth. The region has benefited from the pickup in economic activity. The rebound in Asia Pacific international CTKs slightly accelerated as airlines added more capacity on the routes. For instance, two leading industry associations estimated positive forecasts for 2021, i.e., Boeing telling air cargo shippers that it will produce more aircraft in the future. In addition, according to IATA, international air cargo grew by 10.5% in February 2021 compared to the same month in 2019. Furthermore, the region’s airlines reported the highest international load factor at 74.0%. Hence, the COVID-19 pandemic is positively impacting the air cargo market in Asia Pacific.

Moreover, in FY 2020, despite the COVID-19 pandemic, the demand for air cargo in Asia Pacific region has been driven by large transportation of medical and pharmaceutical products along with COVID vaccines across different Asian countries. For instance, in 2020, China Airline’s cargo team was chosen to transport the Moderna and AstraZeneca vaccines from Luxembourg, Amsterdam, Bangkok, Memphis and other locations back to Taiwan. Furthermore, in 2020, Chinese Airlines network was also used to transport vaccines to other countries. Such operations have driven the demand for air cargo services in the Asia Pacific region during the COVID-19 pandemic of FY 2020. Additionally, in 2021, several air cargo vendors have also partnered with different vaccine manufacturing companies too transfer, supply, and distribute the vaccines to other countries after the vaccine development in 2021. For instance, in 2021, DHL Global Forwarding Japan and ANA partnered for delivery of Pfizer’s COVID-19 vaccine across Japanese cities. Such developments have driven the air cargo market in Asia Pacific region in the FY 2020-2021. However, the growth of the air cargo market in Asia Pacific declined in 2020 due to a lack of B2B supplies across the countries.

A few of the key global air cargo market players that are profiled in the market study include Cathay Pacific Cargo, UPS, DHL, Lufthansa, and FEDEX Corporation. Several other air cargo market players have been analyzed to get a holistic view of the global air cargo market size and its ecosystem.

The overall air cargo market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the air cargo market. The process also serves the purpose of obtaining an overview and forecast of the air cargo market size with respect to all air cargo market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants typically involved in this process include VPs, business development managers, air cargo market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the air cargo market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
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 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Air Cargo Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rapid Adoption of E-Commerce Platforms
5.1.2 Constant Need to Transport Temperature-Sensitive Products
5.2 Market Restraints
5.2.1 Market Uncertainty
5.2.2 Complexity of Temperature-Sensitive Cargo
5.3 Opportunity
5.3.1 Expanding Airport Infrastructure and New Policies
5.4 Future trends
5.4.1 Intelligent Cold Chain Solutions
5.4.2 Implementation of Several Software Solutions
5.5 Impact analysis of drivers & restraints
6. Air Cargo Market – Global Market Analysis
6.1 Air Cargo Market Overview
6.2 Air Cargo Market Revenue and Forecast to 2028(US$ Billion)
6.3 Market Positioning – Five Key Players
7. Air Cargo Market Analysis – By Type
7.1 Overview
7.2 Air Cargo Market Breakdown, By Type (2021 and 2028)
7.3 Air Mail
7.3.1 Overview
7.3.2 Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
7.4 Air Freight
7.4.1 Overview
7.4.2 Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
8. Air Cargo Market Analysis– By Service
8.1 Overview
8.2 Air Cargo Market Breakdown, By Service (2021 and 2028)
8.3 Express
8.3.1 Overview
8.3.2 Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
8.4 Regular
8.4.1 Overview
8.4.2 Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9. Air Cargo Market Analysis – By End User
9.1 Overview
9.2 Air Cargo Market, By End User (2021 and 2028)
9.3 Retail
9.3.1 Overview
9.3.2 Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.4 Pharmaceutical & Healthcare
9.4.1 Overview
9.4.2 Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.5 Food & Beverage
9.5.1 Overview
9.5.2 Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.6 Consumer Electronics
9.6.1 Overview
9.6.2 Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.7 Automotive
9.7.1 Overview
9.7.2 Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
9.8 Others
9.8.1 Overview
9.8.2 Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
10. Air Cargo Market – Geographic Analysis
10.1 Overview
10.2 North America: Air Cargo Market
10.2.1 North America: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.2 North America: Air Cargo Market, by Type
10.2.3 North America: Air Cargo Market, by Service
10.2.4 North America: Air Cargo Market, by End User
10.2.5 North America: Air Cargo Market, by Key Country
10.2.5.1 US: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.5.1.1 US: Air Cargo Market, by Type
10.2.5.1.2 US: Air Cargo Market, by Service
10.2.5.1.3 US: Air Cargo Market, by End User
10.2.5.2 Canada: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.5.2.1 Canada: Air Cargo Market, by Type
10.2.5.2.2 Canada: Air Cargo Market, by Service
10.2.5.2.3 Canada: Air Cargo Market, by End User
10.2.5.3 Mexico: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.2.5.3.1 Mexico: Air Cargo Market, by Type
10.2.5.3.2 Mexico: Air Cargo Market, by Service
10.2.5.3.3 Mexico: Air Cargo Market, by End User
10.3 Europe: Air Cargo Market
10.3.1 Europe: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.2 Europe: Air Cargo Market, by Type
10.3.3 Europe: Air Cargo Market, by Service
10.3.4 Europe: Air Cargo Market, by End User
10.3.5 Europe: Air Cargo Market, by Key Country
10.3.5.1 France: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.1.1 France: Air Cargo Market, by Type
10.3.5.1.2 France: Air Cargo Market, by Service
10.3.5.1.3 France: Air Cargo Market, by End User
10.3.5.2 Germany: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.2.1 Germany: Air Cargo Market, by Type
10.3.5.2.2 Germany: Air Cargo Market, by Service
10.3.5.2.3 Germany: Air Cargo Market, by End User
10.3.5.3 Italy: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.3.1 Italy: Air Cargo Market, by Type
10.3.5.3.2 Italy: Air Cargo Market, by Service
10.3.5.3.3 Italy: Air Cargo Market, by End User
10.3.5.4 UK: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.4.1 UK: Air Cargo Market, by Type
10.3.5.4.2 UK: Air Cargo Market, by Service
10.3.5.4.3 UK: Air Cargo Market, by End User
10.3.5.5 Russia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.5.1 Russia: Air Cargo Market, by Type
10.3.5.5.2 Russia: Air Cargo Market, by Service
10.3.5.5.3 Russia: Air Cargo Market, by End User
10.3.5.6 Rest of Europe: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.3.5.6.1 Rest of Europe: Air Cargo Market, by Type
10.3.5.6.2 Rest of Europe: Air Cargo Market, by Service
10.3.5.6.3 Rest of Europe: Air Cargo Market, by End User
10.4 Asia Pacific: Air Cargo Market
10.4.1 Asia Pacific: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.2 Asia Pacific: Air Cargo Market, by Type
10.4.3 Asia Pacific: Air Cargo Market, by Service
10.4.4 Asia Pacific: Air Cargo Market, by End User
10.4.5 Asia Pacific: Air Cargo Market, by Key Country
10.4.5.1 Australia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.5.1.1 Australia: Air Cargo Market, by Type
10.4.5.1.2 Australia: Air Cargo Market, by Service
10.4.5.1.3 Australia: Air Cargo Market, by End User
10.4.5.2 China: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.5.2.1 China: Air Cargo Market, by Type
10.4.5.2.2 China: Air Cargo Market, by Service
10.4.5.2.3 China: Air Cargo Market, by End User
10.4.5.3 India: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.5.3.1 India: Air Cargo Market, by Type
10.4.5.3.2 India: Air Cargo Market, by Service
10.4.5.3.3 India: Air Cargo Market, by End User
10.4.5.4 Japan: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.5.4.1 Japan: Air Cargo Market, by Type
10.4.5.4.2 Japan: Air Cargo Market, by Service
10.4.5.4.3 Japan: Air Cargo Market, by End User
10.4.5.5 South Korea: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.5.5.1 South Korea: Air Cargo Market, by Type
10.4.5.5.2 South Korea: Air Cargo Market, by Service
10.4.5.5.3 South Korea: Air Cargo Market, by End User
10.4.5.6 Rest of Asia Pacific: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.4.5.6.1 Rest of Asia Pacific: Air Cargo Market, by Type
10.4.5.6.2 Rest of Asia Pacific: Air Cargo Market, by Service
10.4.5.6.3 Rest of Asia Pacific: Air Cargo Market, by End User
10.5 Middle East & Africa (MEA): Air Cargo Market
10.5.1 MEA: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.2 MEA: Air Cargo Market, by Type
10.5.3 MEA: Air Cargo Market, by Service
10.5.4 MEA: Air Cargo Market, by End User
10.5.5 MEA: Air Cargo Market, by Key Country
10.5.5.1 Saudi Arabia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.5.1.1 Saudi Arabia: Air Cargo Market, by Type
10.5.5.1.2 Saudi Arabia: Air Cargo Market, by Service
10.5.5.1.3 Saudi Arabia: Air Cargo Market, by End User
10.5.5.2 UAE: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.5.2.1 UAE: Air Cargo Market, by Type
10.5.5.2.2 UAE: Air Cargo Market, by Service
10.5.5.2.3 UAE: Air Cargo Market, by End User
10.5.5.3 South Africa: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.5.3.1 South Africa: Air Cargo Market, by Type
10.5.5.3.2 South Africa: Air Cargo Market, by Service
10.5.5.3.3 South Africa: Air Cargo Market, by End User
10.5.5.4 Rest of MEA: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.5.5.4.1 Rest of MEA: Air Cargo Market, by Type
10.5.5.4.2 Rest of MEA: Air Cargo Market, by Service
10.5.5.4.3 Rest of MEA: Air Cargo Market, by End User
10.6 South America: Air Cargo Market
10.6.1 South America: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.2 South America: Air Cargo Market, by Type
10.6.3 South America: Air Cargo Market, by Service
10.6.4 South America: Air Cargo Market, by End User
10.6.5 South America: Air Cargo Market, by Key Country
10.6.5.1 Brazil: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.5.1.1 Brazil: Air Cargo Market, by Type
10.6.5.1.2 Brazil: Air Cargo Market, by Service
10.6.5.1.3 Brazil: Air Cargo Market, by End User
10.6.5.2 Argentina: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.5.2.1 Argentina: Air Cargo Market, by Type
10.6.5.2.2 Argentina: Air Cargo Market, by Service
10.6.5.2.3 Argentina: Air Cargo Market, by End User
10.6.5.3 Rest of SAM: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.6.5.3.1 Rest of SAM: Air Cargo Market, by Type
10.6.5.3.2 Rest of SAM: Air Cargo Market, by Service
10.6.5.3.3 Rest of SAM: Air Cargo Market, by End User
11. Air Cargo Market- COVID-19 Impact Analysis
11.1 Overview
11.2 North America
11.3 Europe
11.4 APAC
11.5 Middle East & Africa
11.6 South America
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger & Acquisition
13. Company Profiles
13.1 ANA Cargo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Cargolux
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Cathay Pacific Airways Limited
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DHL International GmbH (Deutsche Post DHL Group)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Emirates SkyCargo
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Etihad Cargo
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 FedEx Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 United Parcel Service of America, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zela Aviation The Air Charter Company
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lufthansa Cargo AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1. Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 3. North America: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 4. North America: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 5. North America Air Cargo Market, by Key Country – Revenue and Forecast to 2028 (US$ Billion)
Table 6. US: Air Cargo Market, by Type –Revenue and Forecast to 2028 (US$ Billion)
Table 7. US: Air Cargo Market, by Service –Revenue and Forecast to 2028 (US$ Billion)
Table 8. US: Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 9. Canada: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Canada: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Canada: Air Cargo Market, by End User –Revenue and Forecast to 2028 (Canada$ Billion)
Table 12. Mexico: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Mexico: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 14. Mexico: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 15. Europe: Air Cargo Market, by Type– Revenue and Forecast to 2028 (US$ Billion)
Table 16. Europe: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 17. Europe: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 18. Europe Air Cargo Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 19. France: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 20. France: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 21. France: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 22. Germany: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 23. Germany: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 24. Germany: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 25. Italy: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 26. Italy: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 27. Italy: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 28. UK: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 29. UK: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 30. UK: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 31. Russia: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 32. Russia: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 33. Russia: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 34. Rest of Europe: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 35. Rest of Europe: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 36. Rest of Europe: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 37. Asia Pacific: Air Cargo Market, by Type– Revenue and Forecast to 2028 (US$ Billion)
Table 38. Asia Pacific: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 39. Asia Pacific: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 40. Asia Pacific Air Cargo Market, by Key Country – Revenue and Forecast to 2028 (US$ Billion)
Table 41. Australia: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 42. Australia: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 43. Australia: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 44. China: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 45. China: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 46. China: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 47. India: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 48. India: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 49. India: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 50. Japan: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 51. Japan: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 52. Japan: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 53. South Korea: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 54. South Korea: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 55. South Korea: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 56. Rest of Asia Pacific: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 57. Rest of Asia Pacific: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 58. Rest of Asia Pacific: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 59. MEA Air Cargo Market, by Type – Revenue and Forecast to 2028 (USD Billion)
Table 60. MEA: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 61. MEA: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 62. MEA Air Cargo Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 63. Saudi Arabia: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 64. Saudi Arabia: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 65. Saudi Arabia: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 66. UAE: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 67. UAE: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 68. UAE: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 69. South Africa: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 70. South Africa: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 71. South Africa: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 72. Rest of MEA: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 73. Rest of MEA: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 74. Rest of MEA: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 75. South America: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 76. South America: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 77. South America: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 78. South America Air Cargo Market, by Key Country – Revenue and Forecast to 2028 (US$ Billion)
Table 79. Brazil: Air Cargo Market, by Type –Revenue and Forecast to 2028 (US$ Billion)
Table 80. Brazil: Air Cargo Market, by Service –Revenue and Forecast to 2028 (US$ Billion)
Table 81. Brazil: Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 82. Argentina: Air Cargo Market, by Type –Revenue and Forecast to 2028 (US$ Billion)
Table 83. Argentina: Air Cargo Market, by Service –Revenue and Forecast to 2028 (US$ Billion)
Table 84. Argentina: Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 85. Rest of SAM: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 86. Rest of SAM: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 87. Rest of SAM: Air Cargo Market, by End User –Revenue and Forecast to 2028 (Rest of SAM$ Billion)
Table 88. List of Abbreviation

LIST OF FIGURES

Figure 1. Air Cargo Market Segmentation
Figure 2. Air Cargo Market Segmentation – By Geography
Figure 3. Global Air Cargo Market Overview
Figure 4. Air Freight Segment held the largest share of air cargo market – by Type
Figure 5. Regular Segment held the largest share of air cargo market – by Service
Figure 7. Pharmaceuticals and healthcare segment held the largest share of air cargo market – by End User
Figure 8. APAC to Show Great Traction During Forecast Period
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. Asia-Pacific- PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. South America- PEST Analysis
Figure 14. Air Cargo Market – Ecosystem Analysis
Figure 15. Expert Opinions
Figure 16. Impact Analysis of Drivers and Restraints
Figure 17. Air Cargo Market – Geographic Analysis
Figure 18. Air Cargo Market Revenue and Forecast to 2028(US$ Billion) (US$ Billion)
Figure 19. Air Cargo Market Breakdown, By Type (2021 and 2028)
Figure 20. Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Air Cargo Market Breakdown, By Service (2021 and 2028)
Figure 23. Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Air Cargo Market Breakdown, By End User (2021 and 2028)
Figure 26. Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 29. Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 31. Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 32. Global Air Cargo Market Revenue Share, by Region (2021 and 2028)
Figure 33. North America: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 34. North America: Air Cargo Market Revenue Share, by Type (2021 and 2028)
Figure 35. North America: Air Cargo Market Revenue Share, by Service (2021 and 2028)
Figure 36. North America: Air Cargo Market Revenue Share, by End User (2021 and 2028)
Figure 37. North America: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. US: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 39. Canada: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 40. Mexico: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 41. Europe: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 42. Europe: Air Cargo Market Revenue Share, by Type (2021 and 2028)
Figure 43. Europe: Air Cargo Market Revenue Share, by Service (2021 and 2028)
Figure 44. Europe: Air Cargo Market Revenue Share, by End User (2021 and 2028)
Figure 45. Europe: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 46. France: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 47. Germany: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 48. Italy: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 49. UK: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 50. Russia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 51. Rest of Europe: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 52. Asia Pacific: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 53. Asia Pacific: Air Cargo Market Revenue Share, by Type (2021 and 2028)
Figure 54. Asia Pacific: Air Cargo Market Revenue Share, by Service (2021 and 2028)
Figure 55. Asia Pacific: Air Cargo Market Revenue Share, by End User (2021 and 2028)
Figure 56. Asia Pacific: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 57. Australia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 58. China: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 59. India: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 60. Japan: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 61. South Korea: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 62. Rest of Asia Pacific: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 63. MEA: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 64. MEA: Air Cargo Market Revenue Share, by Type (2021 and 2028)
Figure 65. MEA: Air Cargo Market Revenue Share, by Service (2021 and 2028)
Figure 66. MEA: Air Cargo Market Revenue Share, by End User (2021 and 2028)
Figure 67. MEA: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 68. Saudi Arabia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 69. UAE: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 70. South Africa: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 71. Rest of MEA: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 72. South America: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 73. South America: Air Cargo Market Revenue Share, by Type (2021 and 2028)
Figure 74. South America: Air Cargo Market Revenue Share, by Service (2021 and 2028)
Figure 75. South America: Air Cargo Market Revenue Share, by End User (2021 and 2028)
Figure 76. South America: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 77. Brazil: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 78. Argentina: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 79. Rest of SAM: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 80. Impact of COVID-19 Pandemic in North American Country Markets
Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 82. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 83. Impact of COVID-19 Pandemic in MEA Markets
Figure 84. Impact of COVID-19 Pandemic in SAM Markets

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global air cargo market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the global air cargo market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

The List of Companies – Air Cargo Market
● ANA Cargo
● Cargolux
● Cathay Pacific Airways Limited
● DHL International GmbH (Deutsche Post DHL Group)
● Emirates SkyCargo
● Etihad Cargo
● FedEx Corporation
● United Parcel Service of America, Inc.
● Zela Aviation The Air Charter Company
● Lufthansa Cargo AG

According to the new research report published by The Insight Partners on “Air Cargo Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” the market is expected to grow at a CAGR of 5.9% from 2022 to 2028 to reach US$ 175.24 billion by 2028.

ANA Cargo Inc., Cargolux, Cathay Pacific Airways Limited, DHL International GmbH, and Emirates SkyCargo are among the major air cargo market players offering air freight services. These air cargo market players transport cargo for industries such as retail, pharmaceuticals and healthcare, food & beverages, consumer electronics, and automotive. Moreover, several air freight operators across Europe are focusing on the expansion of their respective cargo aircraft fleets to cater to the rising air freight volume across different regions. For instance, in October 2022, Cargolux placed an order for 10 Boeing B777-8F freighters and six options to replace its older quadjet aircraft fleet. Further, Cathay Pacific Airways Limited also transports live animals from one location to another. In January 2022, Geodis expanded its Asia Pacific airfreight network through cooperation with Malaysia’s Air Asia X, following rising volumes and a continued lack of belly-hold capacity across the region. The initial term of the agreement was expected to last for six months, starting on January 20, 2022, with potential extensions beyond that. In accordance with the contract, AAX will provide frequent, dedicated scheduled cargo flights between Kuala Lumpur (Malaysia) and Hong Kong, Chennai (India), Shanghai (China), and Sydney (Australia). The COVID-19 pandemic has resulted in stringent travel restrictions across the world; therefore, many airlines have converted their passenger aircraft into air cargo shipping aircraft. This had bolstered the demand for air freight during the FY 2020-2021. Therefore, the expansion of the airfreight network across different regions is driving the air freight segment in the air cargo market.
The air cargo market size is derived on the basis of type, services, and end user. Based on type, the market is bifurcated into air mail and air freight. Based on services, the market is bifurcated into express and regular. Based on end user, the market is segmented into retail, pharmaceutical & healthcare, food & beverage, consumer electronics, automotive, and others.
Key Findings of Study:
The global air cargo market size is derived on the basis of five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. APAC led the global air cargo market with a revenue share of ~31.4% in 2021. The dominance of the APAC air cargo market is attributed to the growth of e-commerce in countries such as China and India and the presence of technologically advanced industries in China and Japan. In addition, the increased adoption of Industry 4.0, along with rising advancements in manufacturing and machinery tools, is propelling the air cargo market growth. Furthermore, the willingness to invest in advanced components by the manufacturing industries is supporting the growth of the global air cargo market.
The COVID-19 outbreak has positively affected the overall growth rate of the air cargo operations in 2020, as a majority of airlines have converted their passenger aircraft into cargo aircraft owing to an increasing supply of vaccinations both internationally and domestically. Furthermore, as per IATA, the global air cargo market growth declined in 2019 due to the slowed growth of global trade, i.e., ~0.9%. The underperformance of the air cargo sector occurred due to reduced GDP growth in manufacturing-intensive economies. Further, according to IATA, the air cargo industry is recovering owing to businesses restocking at the start of the economic upturn. Also, in 2021, the passenger fleet had a slow return with limited growth of cargo capacity.