Industry Background:
Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | FedEx (Federal Express) Corporation (United States), Expeditors International (United States), United Parcel Service Inc. (United States), Kuehne + Nagel (Switzerland), CEVA Logistics (Switzerland), Bollore Group SDV (France), Deutsche Post DHL (Germany), DB Schenker (Germany), Korean Airlines (South Korea), The Emirates Group (United Arab Emirates), Cathay Pacific Airways Limited (Hong Kong), Cargolux Airlines International S.A (Luxembourg), China Airlines Ltd (China) and Japan Airlines Co. (Japan) |
This growth is primarily driven by Increased Globalization due to Rapid Growth of Some Developing Countries, Growing demand for pharmaceutical products, chemical and valuables and Just in time production of goods.
Globally, a noticeable market trend is evident Stringent government rules and regulation
The Air Freight & Logistics sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as FedEx (Federal Express) Corporation (United States), Expeditors International (United States), United Parcel Service Inc. (United States), Kuehne + Nagel (Switzerland), CEVA Logistics (Switzerland), Bollore Group SDV (France), Deutsche Post DHL (Germany), DB Schenker (Germany), Korean Airlines (South Korea), The Emirates Group (United Arab Emirates), Cathay Pacific Airways Limited (Hong Kong), Cargolux Airlines International S.A (Luxembourg), China Airlines Ltd (China) and Japan Airlines Co. (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Key players in the market are focusing on expanding their services beyond boundaries and to achieve this, they are taking several measures. Recently, in November 2018, CEVA Logistics planned to start China-Europe trucking service to compete with airfreight. The company claims that truck services are cheaper than airfreight and faster than rail freight.
Key Developments in the Market:
In November 2018, Kuehne + Nagel intended to acquire Quick International Courier, a market leading provider of time-critical transportation and logistics solutions globally. "The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio”, says Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG.
Regulatory Insights:
International Air Transport Association, a trade association of world’s airline leads and serves airline industry. It is responsible to support Aviation with global Standards for airline safety, security, efficiency and sustainability. Airport authorities worldwide have implemented advanced security systems to detect explosives in cargo and to trace narcotics in large and small pallets of cargo. In the recent past, rising risk of attacks through explosives has led to increasing adoption of technologies such
Influencing Trend:
Stringent government rules and regulation and Buyers are increasingly looking forward for end to end supply chain solution for quick results
Market Growth Drivers:
Increased Globalization due to Rapid Growth of Some Developing Countries, Growing demand for pharmaceutical products, chemical and valuables and Just in time production of goods
Challenges:
Complex process due to activities running simultaneously and Dependency on Few Developed Countries fulfilling Global Demand and Supply
Restraints:
Restriction imposed on foreign entry and Tariff or tax levied on the goods
Opportunities:
Warehousing Services to integrate with the air e-commerce channel
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Air Cargo & Freight Logistics Market
- Analysis about New Entrants in Air Cargo & Freight Logistics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Air Cargo & Freight Logistics Study Sheds Light on
The Air Cargo & Freight Logistics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Air Cargo & Freight Logistics industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Air Cargo & Freight Logistics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.