Skip to content
  • Home
  • World News
  • Business
  • Aviation
  • Military
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Military
  • Toggle search form
  • War Day 150: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych  & #Feygin
    War Day 150: war diaries w/Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Feygin World News
  • Combining Style and Sustainability: Studio St. Germain Featured in SketchUp Blog
    Combining Style and Sustainability: Studio St. Germain Featured in SketchUp Blog Business
  • Kendall Jenner’s Lifestyle 2022 | Net Worth, Fortune, Car Collection, Mansion…
    Kendall Jenner’s Lifestyle 2022 | Net Worth, Fortune, Car Collection, Mansion… Lifestyle
  • Carmel Valley’s First Cannabis Dispensary Opens for Business
    Carmel Valley’s First Cannabis Dispensary Opens for Business World News
  • DuMOL Acquires Dr. Galante Estate Vineyard, Doubling Down on the Russian River Valley, and Strengthening Its Commitment to Quality With In-House Farming
    DuMOL Acquires Dr. Galante Estate Vineyard, Doubling Down on the Russian River Valley, and Strengthening Its Commitment to Quality With In-House Farming Lifestyle
  • ONE Future Releases Fifth Annual Methane Intensity Numbers of 0.462%
    ONE Future Releases Fifth Annual Methane Intensity Numbers of 0.462% Business
  • Chike Nutrition Launches the First-of-Its-Kind Protein Chai Product
    Chike Nutrition Launches the First-of-Its-Kind Protein Chai Product Lifestyle
  • TELF AG Explores the Power of Off-Take and Agency Agreements in Recently Released Publication
    TELF AG Explores the Power of Off-Take and Agency Agreements in Recently Released Publication World News
Air Cargo Market Growing at 5.9% CAGR to be Worth $ 175.24 billion by 2028, Says The Insight Partners

Air Cargo Market Growing at 5.9% CAGR to be Worth $ 175.24 billion by 2028, Says The Insight Partners

Posted on May 7, 2023 By NewsEditor

According to The Insight Partners research reports on Air Cargo can help you gain crucial insights regarding the key drivers and opportunities.

NEW YORK, UNITED STATES, April 25, 2023 /EINPresswire.com/ — According to our latest market study on “Air Cargo Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Air Mail and Air Freight), Service (Express and Regular), and End User (Retail, Pharmaceutical & Healthcare, Food & Beverage, Consumer Electronics, Automotive, and Others),” the market is expected to grow from US$ 123.90 billion in 2022 to US$ 175.24 billion by 2028; it is estimated to grow at a CAGR of 5.9% from 2022 to 2028.

In 2021, North America held the second position with a revenue share of ~25.80%, and Europe held the third position with a revenue share of ~23.64% in the global air cargo market. The demand for air cargo is mainly driven by the growth of air cargo operations across different regions to cater to the increasing demand for international logistics & transportation of goods & services.

The airline sector experienced a downfall during the COVID-19 pandemic due to travel restrictions imposed in many countries in the region; however, the demand for air cargo demand remained steady. Further, supply chain disruptions, weak business and consumer confidence due to increased uncertainties, and a rise in unemployment hampered the air cargo businesses. As per the Association of Asia Pacific Airlines (AAPA), the air cargo sector plays an active role in the transportation of essential medical equipment and supplies. Many countries in Asia Pacific encouraged several airlines to temporarily modify their passenger aircraft for air freight transport. For instance, Fiji Airways modified one ATR 72-600 into a freighter configuration for cargo operations in June 2020. While a standard passenger ATR72-600 can only carry 1.7 metric tons of cargo, its freighter-modified model can carry up to 8 metric tons, making it suitable for Pacific Island countries, given the demand and operating conditions of the region. Air Astana Cargo, a freight business founded in May 2020, announced that it would use three B767-300ERs withdrawn from the airline’s fleet and retrofitted for cargo transport. Such initiatives by airlines are driving the air cargo market growth in Asia Pacific.

Get Sample Copy Of this report:

Companies Profiled in this report includes: ANA Cargo, Cargolux, Cathay Pacific Airways Limited, DHL International GmbH, Emirates SkyCargo, Etihad Cargo, FedEx Corporation, United Parcel Services of America Inc, Zela Aviation-The Air Charter Company and Lufthansa Cargo AG

The US air cargo market is mature and after the recovery from the economic downturn, the growth is expected to be relatively slow till the mid of the forecast period. However, with the increase in the country’s domestic traffic, it is expected to project high Y-o-Y growth by the end of the forecast period. There has been a significant shift in the US air cargo market during the forecast period due to the rise in the e-commerce segment. For instance, according to the IATA, the total e-commerce retail sales across the US accounted for a Y-o-Y growth of ~16.3% in 2022, which is one of the major factors generating new opportunities for air cargo market vendors across the region. Further, the addition of new routes from the US freight operators across different regions of the world is another major factor catalyzing the US air cargo market growth.
 
Air Cargo Market: Type Overview

Based on type, the air cargo market size is bifurcated into air mail and air freight. The air freight segment dominated the market in 2022 holding the largest share of air cargo market size. Air freight is the transportation of goods via an air carrier, which can be commercial or charter. With the increasing demand for quick delivery, express shipping is trending in the air freight market. Small-and mid-sized companies are highly benefited from air freight as it allows them to participate in international trade in an expeditious and effective manner. Third-party logistics providers offer the most reliable and cost-effective air freight services for the corporate, individual parcel, or shipment deliveries.

Speak to Research Expert @

Air Cargo Market: Competitive Landscape and Key Developments

ANA Cargo, Cargolux, Cathay Pacific Airways Limited, DHL International GmbH, Emirates SkyCargo, Etihad Cargo, FedEx Corporation, United Parcel Services of America Inc, Zela Aviation-The Air Charter Company and Lufthansa Cargo AG are among the key air cargo market players profiled in the report. Several other essential players were analyzed for a holistic view of the air cargo market and its ecosystem. The report provides detailed market insights, which can help major air cargo market players strategize their growth.

In December 2021, DHL Express continued to strengthen its global aviation network with the purchase of eight additional Boeing 777 Freighters.

In November 2022, IAG Cargo expanded its business in Asia Pacific capacity with a restart between London and Tokyo operations, which is operated daily on British Airways Boeing 787-8 and 787-9 wide-body aircraft. It also provides the movement of pharmaceuticals, electronics, automotive goods, and dried Japanese food.

For Buy This Report:

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
PressRelease: https://www.theinsightpartners.com/pr/air-cargo-market

Sameer Joshi
The Insight Partners
+91 96661 11581
email us here

Air Cargo Market Growing at 5.9% CAGR to be Worth $ 175.24 billion by 2028, Says The Insight Partners

You just read:

News Provided By

April 25, 2023, 16:53 GMT


EIN Presswire’s priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content.
As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone’s Internet News Presswire™,
tries to define some of the boundaries that are reasonable in today’s world. Please see our
Editorial Guidelines
for more information.

Article originally published on www.einpresswire.com as Air Cargo Market Growing at 5.9% CAGR to be Worth $ 175.24 billion by 2028, Says The Insight Partners

World News

Post navigation

Previous Post: War Day 318: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
Next Post: Seeking Mayors and Governors for Help with Proclamations before Historic Fibromyalgia Advocacy Day on May 12th, 2023

Related Posts

  • Gordon Arestovych Interview, Kyiv Walkabout
    Gordon Arestovych Interview, Kyiv Walkabout World News
  • Culture Cannabis Joins Forces With Tough Mama and Mistifi to Help Collect Food Donations for ‘Serve the People’
    Culture Cannabis Joins Forces With Tough Mama and Mistifi to Help Collect Food Donations for ‘Serve the People’ World News
  • War Day 105: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych  & #Feygin
    War Day 105: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • War Day 83: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 83: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • War Day 290: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 290: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • War Day 296: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 296: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • War Day 135: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #FeyginSeptember 27, 2023
  • FAA Closes Blue Origin Mishap InvestigationSeptember 27, 2023
  • Understanding the Value of DependentsSeptember 27, 2023
  • Pharmaceutical Continuous Manufacturing Market Size, Share, Revenue, Trends And Drivers For 2023-2032September 27, 2023
  • B2C E-commerce Market Demand Makes Room for New Growth Story |eBay, ASOS, Walmart StoresSeptember 27, 2023
how to promote press release
VUGA Enterprises - media group PR & Marketing
  • Orbit International Corp. Announces Cash Dividend of alt=
    Orbit International Corp. Announces Cash Dividend of $0.01 Per Common Share for the Fourth Quarter of 2022 Military
  • Fidelity Life: 4 Reasons Millennials Should Consider Life Insurance During Inflation
    Fidelity Life: 4 Reasons Millennials Should Consider Life Insurance During Inflation Lifestyle
  • J. Kimo Williams Presents His FACES of VIETNAM Photo Exhibit: March 24th, 25th and 26th
    J. Kimo Williams Presents His FACES of VIETNAM Photo Exhibit: March 24th, 25th and 26th Lifestyle
  • Certifying Edison Aircraft
    Certifying Edison Aircraft Aviation
  • War Day 198: Ukraine War Chronicles with Alexey Arestovych & Mark Feygin
    War Day 198: Ukraine War Chronicles with Alexey Arestovych & Mark Feygin World News
  • Runway Safety Meetings Scheduled at Approximately 90 Airports
    Runway Safety Meetings Scheduled at Approximately 90 Airports Aviation
  • John Wodka, Owner of Platform Creator, A DotCom Magazine Exclusive Interview
    John Wodka, Owner of Platform Creator, A DotCom Magazine Exclusive Interview World News
  • New docuseries produced and directed by Alina Reyzelman
    New docuseries produced and directed by Alina Reyzelman World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved | Part of VUGA Media Group |  Fair Use and DMCA  |  Terms of Use  |  Get Published

Powered by .