Global Air Freight Transportation Services Market Overview:
Airfreight transportation services are also known as air cargo transportation services, and that is the shipment of goods through an air carrier. Air transport services are the most valuable when it comes to moving express shipments around the globe. Just like commercial or passenger airlines, air freight flies in the same gateways. A robust performance from the developed economy, which supported job growth and consumer spending, has been an important contributor to the recent cargo market. This has led to significant growth global air freight transportation services market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The emergence of E-commerce Propels Demand for Air Freight Services
Market Growth Drivers:
Strong Demand for Manufacturing Exports and Increased Penetration of Advanced Technologies in the Value Chain and Rising Demand for Just-in-Time Production of Goods has Created a Massive Demand for Air Freight Services
Challenges:
Fallen Global Trade Volumes
Restraints:
Growing Land and Ship Cargo Transportation
Opportunities:
Increasing Global Demand for Electronics and Automotive Parts
Competitive Landscape:
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.
Some of the key players profiled in the report are FedEx (Federal Express) Corporation (United States), United Parcel Service Inc. (United States), The Emirates Group (United Arab Emirates), Cathay Pacific Airways Limited (China), Cargolux Airlines International SA (Luxembourg), China Airlines Ltd (Taiwan), Japan Airlines Co. Ltd (Japan), Qatar Airways Company QCSC (Qatar), Deutsche Lufthansa AG (Germany), All Nippon Airways Co. Ltd (Japan), International Consolidated Airlines Group SA (United Kingdom) and Magma Aviation Limited (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like DHL International GmbH (Germany), Nippon Express Co. Ltd (Japan), Deutsche Bahn AG (Germany), Kuehne + Nagel International AG (Switzerland) and Expeditors International (United States). Analyst at AMA Research see European Manufacturers to retain maximum share of Global Air Freight Transportation Services market by 2028. Considering Market by Service, the sub-segment i.e. Forwarding will boost the Air Freight Transportation Services market. Considering Market by End User, the sub-segment i.e. Consumer Electronics will boost the Air Freight Transportation Services market.
What Can be Explored with the Air Freight Transportation Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Air Freight Transportation Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Air Freight Transportation Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Air Freight Transportation Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Air Freight Transportation Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Air Freight Transportation Services Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.