Air Freight Market Size is valued at 269.1 billion in 2024 and is predicted to reach 487.6 billion by the year 2034 at a 6.3% CAGR during the forecast period for 2025-2034
Air Freight solutions are designed to meet the demands of businesses that engage in air and ground transportation. Industrial and passenger cargo can be transported securely and safely from one point to another using these technologies. Air Freight technologies, which provide more affordable and practical options for speedier and easier transportation, are used to trace the item.
The demand for enhanced Air Freight systems is rising as a result of population increase and the outsourcing of manufacturing operations. One of the main elements promoting the development of Air Freight solutions is the demand for the safety and security of shipments. For normal trading and shipping firms, on-time delivery and cost-effectiveness are top priorities. Tools are available through Air Freight solutions to meet and address these issues. This has further improved the market for freight management systems growth prospects.
Additionally, faster and better transportation and growth in air cargo volume has led to a greater need for Air Freight solutions.
Furthermore, technological developments are influencing advancements in the market for Air Freight, including the integration of software for finance, personnel management, and customer relationship management to support the organization's end-to-end operation. Strong infrastructure, rising maintenance costs, and hefty setup prices are some of the sector's biggest obstacles.
The Air Freight market is segmented on service, destination and end-use. Based on service, the market is categorized into freight, express, mail and other services. Based on the destination, the market is segmented into domestic and international. Based on end-use, the Air Freight market is segmented into private and commercial.
The freight category grabbed the highest revenue share, and it is projected that it will continue to maintain that position during the anticipated time. The expansion of air freight fleets across various locations is one of the factors propelling the growth of the regular services segment. The majority of operators of cargo aircraft have been pressing for expenditures to expand their own fleets of air cargo aircraft. To do this, the operators are concentrating on developing teamwork and aircraft leasing techniques, in which the businesses rent out cargo aircraft models to various customers, allowing them to expand into new areas.
The construction & infrastructure category is anticipated to grow significantly over the forecast period. The quickest delivery method for goods across international borders is via cargo jets. Additionally, air cargo is the safest way of shipping orders internationally because it requires the least handling and airport safety measures are closely enforced. This reduces the possibility of theft and shipment damage. Additionally, because air cargo shipments are typically short, insurance costs are frequently modest. These elements make Air Freight systems superior and necessary for moving products. Importing high-value commodities like electronics, jewelry, medications, perishables, and other items through air cargo is advantageous.
North America Air Freight market is expected to record the highest market share in revenue shortly. This is made feasible by regional users' widespread adoption of Air Freight products and services. High levels of technological adoption and the presence of important solution providers will affect how quickly the North American Air Freight system market will expand. Air Freight software is widely used in the US and Canada, two nations in North America. In addition, the European is projected to grow at a rapid rate in the global Air Freight market. This can be attributed to the increasing cargo freight handled by the area's logistics sector. Additionally, it is anticipated that the industry in the area will grow due to the major market players' rising investments in developing improved Air Freight software. The expansion is also credited to the presence of numerous important players in this area.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 269.1 Bn |
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Revenue forecast in 2034 |
USD 487.6 Bn |
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Growth rate CAGR |
CAGR of 6.3% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Service, Destination And End-Use |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Bolloré Logistics, DB SCHENKER (Deutsche Bahn Group (DB GROUP)), Deutsche Post AG (DHL GROUP), DSV Panalpina , Expeditors International of Washington, Inc., FedEx, Hellmann Worldwide Logistics, Kuehne+Nagel International AG, Nippon Express and United Parcel Service, Inc. (UPS). |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Air Freight Market By Service
Air Freight Market By Destination
Air Freight Market By End-Use
Air Freight Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
