The Air Cargo Market Report is Segmented by Service (Forwarding, Airlines, and Mail), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), and Geography (Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America). The Report Offers Market Size and Forecasts for the Global Air Freight Market in Value (USD) for all the Above Segments.

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Air Cargo Market Size 2025-2029

The air cargo market size is forecast to increase by USD 20.6 billion, at a CAGR of 5.2% between 2024 and 2029.

The market is experiencing significant growth, driven by the surge in e-commerce sales and the increasing demand for temperature-sensitive goods. The e-commerce sector's rapid expansion has led to a substantial increase in the volume of small consignments, necessitating the use of air freight for quick and reliable delivery. Moreover, the rise in demand for temperature-sensitive products, such as pharmaceuticals and perishables, is a crucial trend shaping the market. However, this market growth is not without challenges. The increasing jet fuel prices pose a significant obstacle, as fuel accounts for a substantial portion of the total operating costs for air cargo carriers.
This trend puts pressure on companies to find ways to optimize their fuel consumption and explore alternative fuel sources to maintain profitability. In conclusion, the market is witnessing robust growth due to the e-commerce boom and the increasing demand for temperature-sensitive goods. However, the rising jet fuel prices present a significant challenge that companies must address to remain competitive and profitable. To capitalize on the market opportunities and navigate these challenges effectively, companies need to focus on optimizing their operations, exploring alternative fuel sources, and implementing cost-saving measures.

What will be the Size of the Air Cargo Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by a multitude of dynamic factors. Freight consolidation and trade agreements reshape the industry landscape, with freight forwarders playing a pivotal role in optimizing shipping costs and route planning. Fuel efficiency and cargo automation are driving environmental sustainability, with the Internet of Things and big data analytics transforming distribution centers. Temperature-controlled shipping and import regulations necessitate stringent cargo security measures, from biometric security to advanced cargo handling technologies. Logistics providers integrate pallet handling, conveyor systems, and inventory management to streamline operations, while cargo security technologies ensure the safe transportation of goods. Ground handling and customs clearance processes are undergoing digitalization, with supply chain optimization a top priority for businesses.

Airline networks and e-commerce logistics necessitate real-time cargo tracking and delivery time guarantees. Export compliance and cargo inspection are crucial components of international trade, with carbon emissions and eco-friendly packaging becoming increasingly important considerations. Fleet management and aircraft maintenance are essential for maintaining cargo capacity and ensuring flight schedules run smoothly. Artificial intelligence and advanced technologies like RFID tracking and demand forecasting are revolutionizing air cargo operations, enabling more efficient and effective supply chain management. The industry's continuous adaptation to these evolving market dynamics underscores its vital role in the global economy.

How is this Air Cargo Industry segmented?

The air cargo industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Manufacturing
  FMCG and retail
  Pharmaceuticals and chemicals
  Others


Type

  Belly cargo
  Freighter


Service Type

  Express Cargo
  General Cargo
  Special Cargo


Destination

  Domestic
  International


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The manufacturing segment is estimated to witness significant growth during the forecast period.

Air cargo plays a crucial role in the global supply chain, particularly in the transportation of time-sensitive and high-value goods such as automobiles and their components. The air freight industry is characterized by various entities that facilitate seamless cargo operations. Lead times are critical in this market, with freight forwarders optimizing routes and logistics providers ensuring efficient cargo handling through pallet handling, conveyor systems, and inventory management. Fuel efficiency is a significant concern for air cargo companies, leading to the adoption of sustainable aviation fuel and cargo automation to reduce

Geopolitical events have significantly impacted the global performance of the cargo airline industry in recent years. The Russia-Ukraine war in 2022 led European carriers to stop flying over Russian airspace, primarily rerouting through Istanbul. This development transformed Istanbul into a central cargo hub for European deliveries, surpassing established centers like Frankfurt. These longer routes have increased operational costs, particularly on flights to Asian markets. The ongoing Red Sea crisis has shifted some traffic from maritime to air cargo solutions. Urgent European shipments now often reach Middle Eastern markets by air more frequently, presenting some airlines with new, albeit shorter-distance, revenue opportunities. Trade regulations and shifting demand have further changed the landscape, especially concerning trade with the United States and Asia. The end of the de minimis exemption in the US is expected to reduce air cargo activity for Chinese exports bound for the US, pushing a volume of shipments toward bulk transport methods such as maritime and rail. Conversely, emerging Asian export hubs such as Vietnam are seeing increased exports to the US market. This dynamic has led to investments in Vietnam’s air transportation network, positioning it as an increasingly attractive location for cargo carriers targeting US customers. Despite these developments, overall industry revenue saw only modest growth in recent years, with a weak 1.8% CAGR over the five years to 2025 and an expected total of $155.4 billion in industry revenue that year. While revenue improved by 1.9% in 2025, overall profit remains under pressure from growing operational costs, especially for European carriers confronting more complex, expensive routes to Asia. Growth is expected to pick up in the next five years, driven by several key demand trends and technological advances. The rising need for cold chain logistics solutions—critical for same-day pharmaceutical deliveries—should support activity. Industry adoption of robotics and drones promises efficiencies but requires substantial investment in pilot programs and the workforce. Stronger sustainability mandates in Europe now demand that carriers use blended sustainable fuels at EU airports, pushing companies to prioritize environmental compliance and staff training. Meanwhile, emerging projects like the India-Middle East-Europe Economic Corridor (IMEC)—which supports trade using railway and port networks—could dampen the future growth rate of air cargo revenue. Industry forecasts project a return to stronger growth, with annual revenue up by a CAGR of 1.8% over the five years to 2030, reaching $169.5 billion. However, much will depend on the pace and reliability of these rival developments. Delays in new trade channels may temporarily buoy industry volumes before fully competitive infrastructure comes online.

The market value of the air cargo industry worldwide is projected to amount to almost *** billion U.S. dollars in 2022, a year-on-year decrease of around **** percent. After three years of a downward trend, the air freight market is expected to recover and reach approximately ***** billion U.S. dollars by 2027.

According to Cognitive Market Research, the global Air Freight market size will be USD 68154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 27261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 20446.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 15675.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3407.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1363.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Freight held the highest Air Freight market revenue share in 2024.

Market Dynamics of Air Freight Market

Key Drivers for Air Freight Market

Consolidated Air Freight Service is Growing in Popularity to Propel Market Growth:

Air freight service businesses offer four different delivery options. There are four options: charter, standard, postponed, and consolidated. Consolidated air freight service offers users a cost-effective means of transportation with cheaper pricing and reliable timetables, allowing them to plan their supply chains perfectly. Clients who select the Consolidated air freight option can combine their shipment with a variety of other commodities to form a complete load. Consolidated air freight becomes an extremely cost-effective method of transporting goods by plane. Furthermore, consolidated shipments help transportation service providers and airlines since flying an airplane with a full cargo load is less expensive than flying an aircraft with a partial cargo load. Consolidated air freight is the most cost-effective means to move goods quickly and safely, and its growing popularity is expected to propel the worldwide market forward throughout the forecast period.

Shipments are Delivered Faster to Propel Market Growth:

Cargo planes are the fastest means of transportation for delivering commodities. While other modes of transportation, such as shipping, rail, and road transport, can take days or weeks to deliver items, air transport can do so in hours. Because there are more tiny items to unload than cargo ships, customs clearance is quick, and no local warehousing is required. Furthermore, air freight is the safest mode of transportation among the others because things delivered by air require less handling, and airport safety requirements are strictly followed. The risk of theft and harm to the package has decreased. Furthermore, due to the short period of the shipment, air freight insurance prices are usually low. Because of these considerations, air freight is an excellent and required mode of cargo transportation.

Restraint Factor for the Air Freight Market

High Price Associated with Air Freight Solution to Hinder Market Growth:

Weight and volume are the most important factors in calculating the cost of air freight transportation. Air carriers typically charge according to volumetric or actual weight, whichever is more expensive. Aside from that, air freight pricing is likely to include costs such as fuel surcharges, terminal handling taxes, security surcharges, and airport transfers. Furthermore, the price covers air cargo services such as cargo insurance, pickup and delivery, customs brokerage, and accessorial fees for door-to-door delivery. Furthermore, fluctuations in aviation fuel costs affect air freight operations. The high cost of air freight delivery is likely to limit worldwide market growth throughout the projection period.

TrendFactor for the Air Freight Market

Rising Adoption of Hybrid Air Freight Models for Cost Optimization and Speed:

A major trend reshaping the global air freight market is the increased adoption of hybrid air freight solutions—a strategic combination of con...

According to Cognitive Market Research, the global Air cargo Market size will be USD 186241.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 74496.60 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 55872.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 42835.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 9312.08 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3724.83 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
The belly cargo category led the Air cargo Market.

Market Dynamics of Air cargo Market

Key Drivers for Air cargo Market

Growing Industrialization and International Trade to Boost Market Growth

Growing industrialization and international trade are major factors propelling the air cargo market since they raise demand for quick, effective cross-regional freight transit. Businesses depend on air cargo to move high-value, time-sensitive commodities efficiently as international trade grows, such as electronics, auto parts, medications, and perishable goods. Rapid and dependable transportation of machinery, raw materials, and completed goods has become increasingly important as a result of increased industrialization, particularly in emerging countries. Air cargo facilitates the expansion of industrial and distribution networks and allows for just-in-time delivery. The international movement of goods has also been made easier by trade agreements and better infrastructure, opening up new markets for air freight services. The need for effective, specialized air cargo solutions will only increase as industries grow and supply chains become more globalized, guaranteeing air freight's vital role in contemporary logistics and business.

Advantages of Air Travel to Drive Market Growth

One of the quickest forms of transportation is air cargo delivery. It takes too long to deliver goods using other means of transportation including the road, rail, and water. In contrast to air transportation, which delivers the goods in a matter of hours, they typically take weeks or days. The expansion of the air freight market is anticipated to be driven by these advantages. Compared to cargo ships, there is less inventory of products available for unloading. It is among the safest and fastest ways to go around. It requires less local warehousing and clears considerably more quickly.

Restraint Factor for the Air cargo Market

Rising operational costs, will Limit Market Growth

The market for air cargo is severely constrained by rising operational costs, which are mostly caused by increased labor, maintenance, and fuel prices. Fuel, a significant operating expense, is subject to unpredictable fluctuations that have an immediate effect on profitability. Air freight operators also have to pay more for security, airport fees, and regulatory compliance. Capital expenditures are further increased by the requirement for updated infrastructure and modernized fleets. Customers may see price increases as a result of carriers' effort to strike a balance between profitability and competitive pricing due to these growing costs.

Market Trends in Air cargo Market

Innovative Air Freight Technologies to Support Market Growth

The incorporation of new and advanced technologies in the air freight business is expected to contribute to the growth of the worldwide air cargo market. By implementing more sophisticated interfaces and doing away with outdated mainframe systems, the air freight industry is embracing changing technologies. modernization of air freight through the use of new technologies like analytics, artificial intelligence (AI), and machine learning. Fast shipping and logistical solutions should be made possible by this. Numerous procedures are anticipated to be ...

The global air freight market reached a volume of nearly 109.67 MMT in 2024 due to the surge in demand for commercial aircraft. The market is expected to grow at a CAGR of 12.00% during the forecast period of 2025-2034 to attain a volume of 340.62 MMT by 2034. The air freight market is an important part of the global supply chain, as it is an efficient and rapid way to transport goods. Freight forwarders cooperate closely with cargo handling agents and customs brokers for seamless shipment of products. Commercial aviation is important for moving perishable goods, which need to be delivered timely. The air freight industry is undergoing transformation in response to mounting demand for faster shipping times, flights guaranteeing reliability, efficiency and real-time tracking. In this highly competitive marketplace, many businesses rely on freight forwarders and cargo handling agents to help them coordinate and optimize logistics.

The United States Air Freight Market is Segmented by Service Type (Freight Transport (Cargo/CEP), Freight Forwarding and More), by Destination (Domestic and More), by Carrier Type (Belly Cargo and Freighter), by Cargo Type (General Cargo and Special Cargo), by End-User Industry (E-Commerce & Retail, Manufacturing & Automotive and More), by Region (Northeast, and More). The Market Forecasts are Provided in Terms of Value (USD).

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Upon thorough air cargo industry analysis and research, the following factors has been identified as the critical market trends during the forecast period 2021-2025:

Rising demand from just-in-time manufacturers

The air cargo market report also provides several other key information including:

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive air cargo market growth during the next five years
Precise estimation of the air cargo market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the air cargo market industry across APAC, North America, Europe, MEA, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of air cargo market vendors

The global Air Freight Market size is expected to reach USD 587.22 Billion in 2032 registering a CAGR of 5.7% Discover the latest trends and analysis on the Air Freight Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportunities, an...

The Nigeria Air Freight Market Report Segments the Industry Into by Service Type (Freight Transport (Cargo/Mail), and More), by Destination (Domestic and International), by Carrier Type (Belly Cargo and Freighter) and by End User Industry (Manufacturing, Oil & Gas / Energy and More), by Cargo Type (General Cargo and Special Cargo) and by Region (South West and More). The Market Forecasts are Provided in Terms of Value (USD).

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Air Freight Market Size 2025-2029

The air freight market size is forecast to increase by USD 96.5 billion, at a CAGR of 7.5% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand from the e-commerce sector. With the rise of online shopping, there has been a surge in the need for quick and efficient delivery of goods, leading to an increase in air freight demand. Another trend transforming the air freight industry is the implementation of blockchain technology. This innovative solution enhances transparency, security, and efficiency in the supply chain, reducing the need for intermediaries and streamlining processes. However, the high cost of air freight services remains a significant challenge for market participants. Despite the advantages of faster delivery times and increased security, the high costs can limit the adoption of air freight by some businesses. Companies seeking to capitalize on market opportunities should focus on optimizing their supply chain logistics and exploring cost-effective solutions to offset the high costs of air freight services. Effective implementation of technology, such as blockchain, can help streamline processes and reduce costs, while strategic partnerships and collaborations can help share costs and increase operational efficiency. Navigating these challenges requires a proactive and strategic approach, with a focus on innovation, cost optimization, and supply chain efficiency.

What will be the Size of the Air Freight Market during the forecast period?

Request Free SampleThe market dynamics continue to evolve, with time-sensitive shipments driving the need for efficient and effective solutions. Route optimization and real-time tracking are crucial for ensuring swift delivery, while distribution centers and cargo handling equipment streamline the process. Express shipping and aviation safety standards are integral components of the air freight industry, ensuring the secure and timely transport of various goods. Cargo handling systems, from conveyor belts to cargo aircraft, are continually advancing to accommodate diverse cargo types, including hazardous materials and perishable goods. Predictive analytics and data analytics enable proactive decision-making, optimizing air cargo capacity and fuel efficiency. Carbon emission reduction is a growing concern, with air freight management integrating sustainable practices and technologies, such as RFID and blockchain, to enhance cargo security and streamline cargo logistics. Environmental regulations and freight rates shape the industry landscape, with cargo insurance and customs clearance playing essential roles in the supply chain. Air cargo networks and cargo space availability remain key factors, with inventory management and cargo logistics ensuring seamless integration of various components. Air cargo regulations and airfreight tracking provide transparency and accountability, enabling effective cargo operations and flight schedules. Live animals and freight forwarders require specialized handling, with air waybills and cargo automation facilitating the process. Cargo consolidation and temperature-controlled shipping maintain the integrity of sensitive goods, while cargo insurance offers protection against potential losses. The ongoing unfolding of market activities reveals a dynamic and evolving the market, with continuous innovation and adaptation to meet the demands of various sectors.

How is this Air Freight Industry segmented?

The air freight industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userCommercialPrivateTypeInternationalDomesticApplicationFood and perishable goodsIndustrial materialsEquipment and machineryOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period.The market experiences continuous expansion due to the increasing demand for consumer electronics, automotive products, food items, frozen food, agricultural products, and medical devices. In 2024, the price decrease of consumer electronics in Japan and China, driven by economies of scale in production, intensifies price competition among manufacturers in South Korea and Taiwan. This price reduction increases their purchase frequency, necessitating swift and controlled transportation. Airfreight forwarding is the preferred choice for these perishable goods, ensuring timely delivery and maintaining their physical and chemical integrity. Sustainable air cargo practices, such as fuel efficiency and carbon emission reduction, are gaining importance in the industry. Air cargo terminals employ a

Air Cargo Screening Systems Market Outlook

According to our latest research, the global air cargo screening systems market size reached USD 1.54 billion in 2024, with a robust year-on-year growth trajectory. The market is expected to expand at a CAGR of 6.8% from 2025 to 2033, reaching a forecasted value of USD 2.84 billion by 2033. This growth is primarily driven by heightened regulatory mandates, escalating global air freight volumes, and the persistent need for enhanced aviation security. As per our comprehensive analysis, the rapid evolution of screening technologies and the integration of advanced analytics are critical factors shaping the air cargo screening systems market’s expansion.

A key growth driver for the air cargo screening systems market is the increasing stringency of international and national security regulations. In the aftermath of several high-profile security breaches, regulatory bodies such as the International Civil Aviation Organization (ICAO) and the Transportation Security Administration (TSA) have implemented rigorous guidelines for cargo screening. These mandates require comprehensive screening of all cargo transported via air, pushing airlines, airports, and freight forwarders to invest heavily in state-of-the-art screening systems. Furthermore, the proliferation of trade agreements and the globalization of supply chains have intensified the need for robust security frameworks, propelling the adoption of advanced air cargo screening solutions across major logistics hubs worldwide.

Another significant factor fueling the air cargo screening systems market is the exponential growth in global air freight volumes. The surge in e-commerce, pharmaceutical shipments, and the rapid movement of time-sensitive goods have led to a substantial increase in air cargo traffic. This upsurge directly amplifies the demand for efficient, high-throughput screening systems capable of processing large volumes without compromising security standards. The market is also witnessing a shift towards automation and digitalization, with stakeholders embracing technologies such as artificial intelligence, machine learning, and IoT-enabled devices. These innovations are enhancing the accuracy, speed, and reliability of cargo screening operations, thereby supporting market growth.

Technological advancements are playing a pivotal role in shaping the air cargo screening systems market landscape. The development of next-generation screening technologies, such as computed tomography (CT) and advanced imaging systems, is enabling the detection of sophisticated threats with higher precision. Additionally, the integration of data analytics and real-time monitoring capabilities is allowing operators to optimize screening processes and respond swiftly to emerging threats. The trend towards modular and scalable screening solutions is also gaining traction, as it allows airports and logistics providers to tailor their security infrastructure to evolving operational requirements. Collectively, these technological trends are expected to drive sustained investment and innovation in the air cargo screening systems market over the forecast period.

Regionally, the market exhibits diverse growth patterns, with North America and Europe leading in terms of technology adoption and regulatory compliance. Asia Pacific, however, is emerging as the fastest-growing region, driven by rapid infrastructure development, expanding air cargo networks, and increasing government focus on aviation security. Latin America and the Middle East & Africa are also witnessing steady growth, largely attributed to rising investments in airport modernization and the expansion of air freight corridors. The interplay of these regional dynamics underscores the global nature of the air cargo screening systems market and highlights the importance of localized strategies for market participants.

Technology Analysis

The technology segment of the air cargo screening systems market comprises X-ray systems, explosive trace detectio

Global Air Cargo Services market size is expected to reach $101.14 billion by 2029 at 6.5%, segmented as by type, air mail, air freight

The GCC Air Cargo Transport Market Report is Segmented by Services (Forwarding, Airlines, Mail, and Other Services), Destination (Domestic and International), and Country (Saudi Arabia, United Arab Emirates, Qatar, and the Rest of GCC). The Report Offers Market Size and Forecasts for the GCC Air Freight Transport Market in Value (USD) for all the Above Segments.

Airfreight transporters have faced a turbulent operating environment in recent years. While the COVID-19 pandemic largely grounded the wider aviation sector, the Air Freight Services industry soared above the clouds. Airfreight volumes transported by airlines dropped while international borders were closed, due to limited capacity in the cargo holds of passenger flights. However, global supply chain disruptions pushed airfreight prices to record levels, more than offsetting weaker tonnage volumes. As global supply chain disruptions eased and borders reopened, over the two years through 2023-24, airfreight prices have started to normalise, while volumes continue to be below pre-pandemic levels. Overall, industry revenue is expected to drop at an annualised 5.8% over the five years through 2023-24, to $4.6 billion. This includes an anticipated 24.6% crash in 2023-24, as airfreight prices fall back down to earth. Rising freight rates and plummeting fuel costs at the onset of the pandemic boosted industry profitability, which hit its highest levels in well over a decade in 2021-22. However, over the three years through 2023-24, profit margins are being squeezed by sustained weakness in airfreight volumes, falling airfreight prices as well as elevated fuel costs since the beginning of the Russia-Ukraine conflict. Fuel prices are expected to remain elevated, which will continue to weigh on profit margins over the next five years. Airfreight supply will continue to normalise over the coming years as airlines continue to restore passenger capacity and prices continue to drop back to pre-pandemic levels. Strong demand for Australian agricultural produce and continued growth among online retailers are set to push up demand for airfreight transport. Normalising passenger flight numbers will result in airfreight prices continuing to fall from their dizzying heights. Dropping prices are on track to offset increasing tonnage over the next couple of years, causing industry revenue to fall slightly over the period. As a result, Air Freight Services industry revenue is forecast to fall at an annualised 0.4% over the five years through 2028-29, to reach $4.5 billion.

In 2024, the global cargo airline industry was valued at ***** billion U.S. dollars, a ** percent decrease in value compared to previous years. The leading cargo airlines worldwide include FedEx, UPS and DHL.

The global air freight market, valued at $907.5 million in 2025, is poised for significant growth. While a precise CAGR isn't provided, considering the robust expansion driven by e-commerce, global trade, and the increasing demand for time-sensitive goods, a conservative estimate places the Compound Annual Growth Rate (CAGR) between 5% and 7% for the forecast period 2025-2033. This translates to a market size exceeding $1.4 billion by 2033. Key drivers include the expansion of global e-commerce, necessitating faster and more reliable delivery options, and the rise of just-in-time manufacturing which relies heavily on swift air freight transport. Furthermore, the growth of specialized temperature-controlled air freight for pharmaceuticals and perishable goods contributes significantly to market expansion. While potential restraints such as fuel price volatility and geopolitical uncertainties exist, the overall outlook remains positive, driven by continuous technological advancements within the industry and the adaptation of innovative solutions to address operational challenges. The competitive landscape is intensely dynamic, with major players like FedEx, UPS, and numerous international airlines vying for market share. Strategic alliances, fleet modernization, and the adoption of advanced technologies like AI and blockchain for improved tracking and efficiency are defining competitive strategies. Regional variations in growth will likely be influenced by factors such as economic development, infrastructure investment, and regulatory frameworks. Regions with strong manufacturing hubs and robust e-commerce sectors, like North America and Asia-Pacific, are expected to experience higher growth rates than others. The continued investment in sustainable aviation fuels and the incorporation of environmentally friendly practices will play a crucial role in shaping the future trajectory of this expanding market.

The global air cargo market, valued at $190.95 billion in 2025, is projected to experience robust growth, driven by the expanding e-commerce sector, increasing globalization, and the rising demand for faster and more reliable delivery of time-sensitive goods, particularly in the pharmaceutical and technology sectors. The 5.91% CAGR indicates a significant expansion over the forecast period (2025-2033). Key growth drivers include the continuous improvement of air freight infrastructure, technological advancements in logistics and tracking, and the strategic partnerships between airlines and logistics providers. While the market faces potential restraints like fuel price volatility and geopolitical uncertainties, the overall trend points towards a positive outlook. The segmentation of the market by end-user (manufacturing, FMCG & retail, pharmaceuticals & chemicals, other industries) and type (belly cargo, freighter) provides valuable insights into specific market dynamics. The dominance of major players like FedEx, DHL, and other prominent airlines underscores the competitive landscape. Regional variations in market share are expected, with North America and Asia-Pacific likely maintaining a significant lead due to their established e-commerce infrastructure and manufacturing hubs. The growth of dedicated freighter aircraft fleets is further boosting market capacity. The competitive landscape is characterized by a mix of established global players and regional carriers. Strategic alliances, acquisitions, and technological investments are common strategies employed by companies to gain market share and improve operational efficiency. However, companies face challenges such as maintaining consistent service quality, managing fluctuating fuel costs, and navigating complex regulatory environments. The increasing focus on sustainability and carbon emissions reduction within the aviation industry will also shape the future of the air cargo market, influencing investments in fuel-efficient aircraft and sustainable practices. The market's growth trajectory is therefore contingent upon successfully adapting to these evolving dynamics.

Air Freight Services Market size is growing with a CAGR of 6.0% in the prediction period and it crosses US$ 240.88 Bn by 2032 from US$ 160.10 Bn in 2025.