The Air Cargo Market size is projected to reach US$ 267.03 billion by 2031 from US$ 132.65 billion in 2023. The market is expected to register a CAGR of 9.1% in 2023–2031. The intelligent cold chain solution in air cargo sector is likely to remain a key air cargo market trend.
With the rapid development of connected technologies, comprising of mobile devices consumers’ lives has changed in many aspects, which includes their purchasing process. In the present scenario, consumers are turning to e-commerce which has resulted increased cross-border sales thus, boosting the air cargo market, as the manufacturers or sellers aim to reach the customer as quickly and economically as possible. In addition, the provision of air cargo including faster delivery speed and high investments by the government in favor of air cargo also fuels the global air cargo market. However, presently over-capacity, complexities of temperature-sensitive products and market restraints are some of the key challenges faced by the air cargo industry.
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Top Key Major Players:-
- ANA Cargo
- Cargolux
- Cathay Pacific Airways Limited
- DHL International GmbH (Deutsche Post DHL Group)
- Emirates SkyCargo
- Etihad Cargo
- FedEx Corporation
- United Parcel Service of America, Inc.
- Zela Aviation The Air Charter Company
- Lufthansa Cargo AG