The air cargo market is expected to reach a valuation of USD 130.12 billion worldwide by the end of 2025.
During the forecast period 2020-2025, the global cargo market is expected to surge at a CAGR of 4.9%. Air freight segment is expected to account for the largest market.
- Definition / Scope
- Market Overview
- Market Risks
- Market Trends
- Industry Challenges
- Technology Trends
- Pricing Trends
- Regulatory Trends
- Market Size and Forecast
- Market Outlook
- Technology Roadmap
- Distribution Chain Analysis
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
Air cargo connects the world. It provides a vital bridge to global markets. Without air shipments, global supply chains could not function, and the availability of many time- and temperature-sensitive products, such as flowers, fruit, and life-saving pharmaceuticals, would be restricted.
The industry brings significant economic and social benefits to the global economy. Global air cargo enables delivering high-quality products at competitive price to consumers worldwide. Generally, global air cargo ships roughly USD 6 trillion worth of goods annually, representing 35% of the world trade in term of value.
The express delivery services (EDS) industry facilitates global air cargo by operation in both domestic and international market. EPS facilitators operate fleet of air cargos as well as land transports vehicles.
EDS comprises companies that provide expedited movement of documents, parcels, and other goods. Express delivery operators maintain control of the goods throughout the delivery process, often using tracking and tracing technology to monitor the location of each item.
Additional services and value-added elements include, for example, collection from a point designated by the sender, release upon signature, specific delivery time guarantee, and delivery confirmation.
Where items are shipped internationally, express delivery providers are involved in customs clearance procedures, including the payment of required duties and taxes. The predominant form of EDS firms’ participation in foreign markets is through the establishment of a foreign affiliate in the market to be served, and subsequent sales to local consumers.
Within geographic markets, ground transport is generally limited to deliveries of no more than 500 miles, while air transport is reserved for longer distances and "time-sensitive" deliveries.