The Rise In E-Commerce To Boost The Air Cargo And Freight Logistics Market Growth

Air Cargo And Freight Logistics Market
Air Cargo And Freight Logistics Market

Air Cargo and Freight Logistics Market Size By Product (Domestic, International), By Application (Food, Industrial Materials), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)-Outlook, Size, Share, and Opportunity Analysis, 2023 – 2030

The Global Air Cargo and Freight Logistics Market is estimated to be valued at US$ 1,410 billion by 2030 and is expected to exhibit a CAGR of 7.1% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Air freight logistics is the transportation and delivery of goods through an air carrier, which may be private or salable. This is a prevalent option for several in the commerce of logistics as delivery can be sent from commercial and customer aviation gateways to anyplace that an air plane can fly and take off.

Competitive Landscape:

Major key players involved in the growth of the global Air Cargo and Freight Logistics Market are Canada Air Cargo & Freight Logistics Inc, Horizon International Cargo, Velocity Freight Titan Sea & Air Services, SNCF Logistics, Rosan Sea Air Services, Air Cargo & Freight Logistics India, ENS Logistics India, Lavin Star, and Sea-Air Logistics (Hong Kong).

Market Key Drivers:

The rise in e-commerce is expected to augment the growth of the global air cargo and freight logistics for market. For instance, as per Adobe’s 2021 DEI, global e-commerce hit US$ 876 billion in the FQ of 2021, around 30% high compared to 2020.

The rising launches and product approvals is projected to propel the growth of global Air Cargo and Freight Logistics Market. For instance, in September 2021 the Emirates SkyCargo launched new technical method with WiseTech Global.

Covid-19 Impact Analysis:

The Covid-19 outbreak had adversely affected the growth of global air cargo and freight logistics for market due to the strict imposition of the lockdown by the regulatory and the restriction on travelling from one place to other. The disruption in supply chain and the halt in the transportation of things impeded the market growth.

Key Takeaways:

The global air cargo and freight logistics for market is expected to exhibit a CAGR at high rate during the forecast period due to increasing product approvals and quick launches.

For instance, in March 2021 the International Air Transport Association introduced EPIC platform to digitalize the supply chain of international cargo.

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global Air Cargo and Freight Logistics Market due to rising population and economic growth, increasing cargo exports, quick launches and acquisition for product approvals. For instance, only China subsidized around one-third towards global GDP at US$ 12 trillion yearly by 2018.

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