Market Research Report
Air Cargo Market to 2027 - Global Analysis and Forecasts by Type (Air Mail and Air Freight); Service (Express and Regular); and End User (Retail, Pharmaceutical & Healthcare, Food & Beverages, Consumer Electronics, and Automotive)
|Published by||The Insight Partners||Product code||819787|
|Published||Content info||166 Pages
Delivery time: 1-2 business days
|Air Cargo Market to 2027 - Global Analysis and Forecasts by Type (Air Mail and Air Freight); Service (Express and Regular); and End User (Retail, Pharmaceutical & Healthcare, Food & Beverages, Consumer Electronics, and Automotive)|
|Published: March 20, 2019||Content info: 166 Pages||
The global air cargo market was 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. Factors such as surging e-commerce sector and increasing import-export trade globally is expected to drive the air cargo market growth.
Although global economic growth is estimated to surge in aggregate during the forecast period, this covers a broad range in regional as well as country-level performance. Economic activity in the developed economies is anticipated to grow at a similar pace as they were during the past five years, with moderate slowdowns in the US and Japan, being compensated by sturdier growth in the Eurozone. The latter is expected to support incoming demand for air cargo into Europe on the major trade lanes between North America and Asia.
According to International Monetary Fund, GDP growth in the emerging group of economies is anticipated to spur in the coming few years, facilitated by robust activity in energy-producing countries such as Brazil and Russia. Similar expectations for global goods trade is anticipated at a regional as well as country level. Sturdier economic growth in the emerging economies is anticipated to translate into faster goods import growth. Sub-Saharan Africa is also projected to witness robust goods trade growth over the next few years, owing to FDI inflows from Asia. However, China is the only key country anticipated to notice a slowdown in goods trade growth. However, IATA anticipate this impact to be felt most intensely by bulk shippers as well as sea freight, as heavy materials demand associated to investment declines. Indeed, prosperous opportunities for air cargo are expected as the country shifts towards a more consumer-led growth model.
The overall air cargo market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the air cargo market. It also provides the overview and forecast for the global air cargo market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the air cargo industry. Some of the players present in the air cargo market are DHL International GmbH, Lufthansa Cargo AG, FedEx, Emirates, SkyCargo, Cargolux, Cathay Pacific Airways, United Parcel Service of America, Inc., ANA Cargo
EtihadCargo, and Zela Aviation The Air Charter Company among others.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the air cargo market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.