Market Snapshot:
Airfreight is another term for air cargo, which means the shipment of goods through the air. Airfreight service involves the use of freight companies for the transportation of goods by air. Airfreight service is a convenient transportation mode when it comes to expensive goods or products and less in quantity. Airfreight helps to ship goods within a short time duration from one place to another across the globe securely. It is gaining popularity due to the booming e-commerce sector and the need for fastest mode of transportation for perishable goods like food products, beverages, etc.
Highlights from Airfreight Services Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are DB Schenker (Germany), Agility Logistics (Kuwait), Nippon Express (Japan), CEVA Logistics (France), AirFreight.com (United States), Maersk (Denmark), DSV (Denmark), Priority Freight (United Kingdom), DHL (Germany), FedEx (United States), DSV (Denmark), PGS logistics (China) and Transway Airfreight GmbH (Germany).
Geographic Breakdown and Segment Analysis
The Global Airfreight Services market presents a comprehensive analysis of the Airfreight Services market by product type (Expedited Charter, On-Board Courier, Commercial Airline and Freighter), by end-user/application (Retail & E-commerce, FMCG, Manufacturing, Food & Beverages, Automobile, Pharmaceuticals and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Airfreight Services industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Airfreight Services market
Analyst at AMA have segmented the market study of Global Airfreight Services market by Type, Application and Region.
Influencing Trend:
Rising Trend of Air Freight as an Omnichannel
Market Growth Drivers:
Rapidly Growing Global E-commerce Industry and Consumers’ Preference towards the Air Transportation for Shipping Precious and Expensive Goods
Challenges:
Limited Carrying Capacity of Goods is the Major Challenge of Air Freight
Restraints:
Changes in Tariffs or Lows and Increasing Crude Oil Prices
Opportunities:
Increased Demand for Fastest Delivery of Products
Market Developments Activities:
In November 2021, Maersk, a global provider of integrated logistics announced the intended acquisition of Senator International, a global freight forwarding company to increase its presence in the global air cargo industry. With this acquisition, Maersk will be able to provide one-stop-shop and end-to-end logistics capabilities to the customers and strengthen its product offering including logistics, ocean, rail, and air to expand the global network.
In March 2023, DB Schenker introduce tracking of freight shipments with the new ultra-thin tracking label. Tracking label made by high-tech developer Sensos. This new advancement helped DB Schenker to expand its presence in airfreight services market
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Airfreight Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others