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(Transportation-News.com, May 01, 2019 ) The global air cargo market valued at US$ 102.00 Bn in 2018 and is expected to grow at a CAGR of 4.1% during the forecast period 2019 – 2027, to account to US$ 145.20 Bn by 2027.
Market Insights
Flourishing e-Commerce industry worldwide is expected to fuel the growth of air cargo market
The services provided by air cargo firms to e-commerce business are data management, real-time tracking, safe transportation, reduced time, and others. There are numerous benefits related to e-commerce and it can get fulfilled if the company deliver to its customer on time. The air cargo plays a key role in the e-commerce ecosystem. With the increasing number of online customers and increasing cross border sales, the demand for air cargo is expected to surge during the forecast period.
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Key Benefits:
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Air Cargo Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Company Profiles
DHL International GmbH
Lufthansa Cargo AG
FedEx
Emirates SkyCargo
Cargolux
Cathay Pacific Airways
United Parcel Service of America, Inc.
ANA Cargo
EtihadCargo
Zela Aviation The Air Charter Company
Strategic Insights
The market players present in air cargo market are mainly focusing towards strategic partnerships with airport authorities, joint ventures, offering additional services and inaugurating new hubs across the world to compete efficiently. Most of the market initiative were observed in Europe and Asia Pacific region owing to the increasing air cargo traffic. Few of the recent developments are listed below:
2019: Fedex entered into a deal with Bahrain airport to expand freight complex at the airport along with the operation as a Gulf Cooperation Council (GCC) logistics hub.
2019: Cargolux announced the enhancement of the capacity with the addition of two B747Fs and thus increase the fleet size.
2018: Lufthansa Cargo and China Post Group Corp signed a strategic cooperation that has the cargo capacity scope of a weekly Boeing 777 freighter on the Shanghai (PVG) – Frankfurt (FRA) route. The companies’ further aims to jointly build a more stabilized as well as comprehensive channel of air cargo transportation connecting Europe and China.
Global Air cargo Market - By Type
Air Mail
Air Freight
Global Air Cargo Market - By Service
Express
Regular
Global Air Cargo Market - By End-user
Retail
Pharmaceutical & Healthcare
Food & Beverage
Consumer Electronics
Automotive
Others
Global Air Cargo Market - By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Italy
Spain
Rest of Europe
Asia Pacific (APAC)
India
Australia
China
Japan
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South America (SAM)
Brazil
Rest of SAM
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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