The Air Freight Market Report is Segmented by Service (Freight Transport, Freight Forwarding, and More), Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), Cargo Type (General Cargo and Special Cargo), End-User Industry (E-Commerce & Retail, Manufacturing & Automotive, and More), Geography (North America, Asia-Pacific, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

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.

The global air freight market size is projected to grow from USD 372.47 billion in 2025 to USD 593.67 billion by 2033, exhibiting a CAGR of 6%.
Report Scope:

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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 carbon

The global air freight market size was volumed at 109.67 MMT in 2024. The market is expected to grow at a CAGR of 12.00% during the forecast period of 2025-2034 to reach a volume of 340.62 MMT by 2034. Market expansion is being supported by strategic investments and partnerships across the logistics ecosystem. For example, in early 2025, DHL Express partnered with Emirates SkyCargo to expand its global air freight capacity, targeting high-demand trade lanes in Asia and the Middle East. Additionally, increasing freighter conversions and development of regional cargo hubs are further reinforcing long-term market growth.

The industry is witnessing strong and sustained growth, underpinned by the rising demand for fast, reliable logistics solutions in a rapidly evolving global trade environment. E-commerce remains a primary growth catalyst, with approximately 2.77 billion online shoppers globally fueling cross-border transactions. This surge in digital commerce has significantly increased the need for efficient air cargo services, particularly for high-value, time-sensitive goods such as electronics, pharmaceuticals, and perishables.

In line with this air freight market trend, industry performance indicators show positive momentum. According to March 2025 data, global air cargo demand, measured in cargo ton-kilometers (CTK), grew by 4.4% year-on-year, reaching the highest level ever recorded for the month. Concurrently, available cargo capacity (ACTK) rose by 4.3%, reflecting ongoing investments in fleet expansion, freighter conversions, and airport infrastructure.

Technology is playing a critical role in this transformation, reshaping the air freight market dynamics. The integration of AI, IoT, and blockchain is enhancing supply chain visibility, operational efficiency, and cargo security. Additionally, rising global demand for temperature-sensitive products, such as vaccines and fresh produce, is accelerating the need for advanced cold chain logistics.

The global air freight market is poised for substantial growth, expanding from $202.1 billion in 2021 to an estimated $476.02 billion by 2033, reflecting a robust CAGR of 7.4%. This expansion is primarily fueled by the explosive growth of e-commerce, which demands rapid and reliable delivery services across international borders. The increasing globalization of supply chains further propels the market, with businesses relying on air freight for the swift transport of high-value and time-sensitive goods such as pharmaceuticals, electronics, and perishables. While facing challenges like fuel price volatility and stringent environmental regulations, the industry is actively innovating. Key trends include the widespread adoption of digitalization for enhanced efficiency and transparency, a growing emphasis on sustainable aviation fuels, and the development of specialized logistics solutions to meet diverse industry needs. The Asia-Pacific region continues to dominate, driven by its manufacturing prowess and burgeoning consumer markets.

Key strategic insights from our comprehensive analysis reveal:

The Asia-Pacific region is the largest and fastest-growing market, driven by manufacturing hubs in China and India, and is projected to hold over 36.5% of the global market by 2025.
The proliferation of e-commerce is a primary driver globally, creating sustained demand for express air cargo services and last-mile delivery integration.
Digital transformation, including the adoption of AI, IoT, and blockchain, is becoming critical for operational efficiency, enhancing shipment visibility, and optimizing freight management.

Global Market Overview & Dynamics of Air Freight Market Analysis The global air freight market is on a significant upward trajectory, driven by a confluence of factors including the relentless expansion of global trade and the consumer-driven need for speed in logistics. As supply chains become more complex and geographically dispersed, air freight provides a critical solution for time-sensitive and high-value cargo. The industry is navigating a dynamic landscape, balancing robust demand from sectors like e-commerce and pharmaceuticals against operational challenges such as cost pressures and the imperative for greater sustainability.

Global Air Freight Market Drivers

Booming E-commerce Sector: The exponential growth of online retail and cross-border e-commerce platforms has created immense demand for fast and reliable international shipping, making air freight the preferred mode for express deliveries.
Globalization of Supply Chains: Businesses increasingly rely on just-in-time manufacturing and global sourcing, which necessitates the rapid transport of components and finished goods to meet production schedules and market demand.
Demand for High-Value & Perishable Goods: Industries such as pharmaceuticals, electronics, and luxury goods, along with the trade of fresh produce and flowers, depend on the speed and controlled environments offered by air cargo to maintain product integrity and value.

Global Air Freight Market Trends

Digitalization and Automation: The adoption of digital platforms for booking, tracking, and documentation is streamlining operations. Technologies like AI for route optimization and IoT for real-time shipment monitoring are enhancing efficiency and transparency.
Focus on Sustainability: Growing environmental concerns are pushing the industry towards sustainability, with increased investment in Sustainable Aviation Fuel (SAF), fleet modernization for greater fuel efficiency, and carbon offsetting programs.
Rise of Specialized Cargo Services: There is a growing trend towards specialized air freight services, such as temperature-controlled logistics (cold chain) for pharmaceuticals and perishables, and secure transport for valuable and dangerous goods.

Global Air Freight Market Restraints

High Operational Costs and Fuel Price Volatility: Air freight is the most expensive mode of transport, and its profitability is highly susceptible to fluctuating fuel prices, airport handling fees, and labor costs.
Geopolitical Instability and Trade Barriers: International conflicts, trade wars, and protectionist policies can disrupt established air routes, increase security costs, and create uncertainty in global trade flows.
Stringent Regulatory and Environmental Scrutiny: The industry faces increasing pressure from strict security regulations a...

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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 advanced cargo handling

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).

The Air Freight Forwarding Market Report is Segmented by Cargo Type (General Cargo and Special Cargo & Others), Destination (International and Domestic), End-User Industry (E-Commerce & Retail, Manufacturing & Automotive, Healthcare & Pharmaceuticals, Perishables & Fresh Produce, and More), Geography (North America, South America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

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

Increasing Demand for Rapid and Time-Critical Deliveries: Air cargo has become the favored method for transporting high-value, perishable, and time-sensitive items such as electronics, pharmaceuticals, and fresh produce. The need for swift delivery across continents is on the rise, particularly from industries that require strict supply chain schedules and just-in-time inventory practices.

Surge in E-commerce and International Trade: The global boom in e-commerce has resulted in a notable rise in cross-border shipments. Retailers and logistics companies are utilizing air freight to guarantee prompt delivery and enhance customer satisfaction, especially for international orders and express parcel services in both B2C and B2B markets.

Expansion of Globalization and Supply Chain Networks: International manufacturing and trade systems depend on air cargo to transport raw materials, components, and finished goods quickly across different regions. Air freight plays a crucial role in supporting high-value supply chains in the automotive, aerospace, and medical sectors, contributing to consistent growth in international cargo volumes.

Key Restraints for Air Cargo Market

High Operating and Fuel Expenses: Air cargo is among the most costly freight alternatives due to significant fuel consumption, airport fees, and aircraft upkeep. These operational costs can render air freight impractical for bulk or low-margin products, confining its application to premium or urgent shipments only.

Capacity Limitations and Infrastructure Challenges: Airports and airlines frequently encounter cargo handling delays, restricted warehousing, and aircraft capacity constraints. During peak demand periods or disruptions, such as adverse weather conditions or geopolitical tensions, the availability of space becomes limited, diminishing service reliability and driving up prices.

Stringent Regulations and Security Protocols: The air cargo sector is governed by strict customs, safety, and documentation standards. Adhering to international aviation and security regulations prolongs processing times and increases costs, especially for hazardous materials, pharmaceuticals, and restricted items that necessitate special handling.

Key Trends for Air Cargo Market

Digitalization and Smart Cargo Tracking: The implementation of technologies such as IoT sensors, blockchain, and AI is transforming air cargo tracking and visibility. Real-time monitoring of shipments improves security, minimizes losses, and facilitates data-driven decision-making, rendering air freight more transparent and focused on customer needs.

Shift Toward Sustainable and Green Logistics: Air cargo companies are committing resources to carbon offset initiatives, fuel-efficient aircraft, and sustainable packaging solutions. Concerns regarding the environment and goals for emission reductions are propelling the creation of eco-friendly air freight options to meet global sustainability objectives.

Integration with Multimodal and Last-Mile Delivery Networks: To enhance efficiency and cost-effectiveness, air cargo is prog...

Latin America's Air Freight Carrier Industry Report is Segmented by Services (transport, Forwarding, and Other Services), Destination (domestic and International), Carrier Type (belly Cargo and Freighter), and Geography (Brazil, Mexico, Argentina, Colombia, and the Rest of Latin America). The Report Offers Market Size and Forecasts for the Latin American Air Freight Market in Value (USD) for all the Above Segments.

The US air freight transport market, a significant component of the global logistics network, is experiencing robust growth, driven by the burgeoning e-commerce sector, increasing globalization, and the need for faster delivery of time-sensitive goods. The market's expansion is further fueled by advancements in air cargo technology, such as the development of larger and more fuel-efficient aircraft, and the implementation of sophisticated tracking and management systems. While the COVID-19 pandemic initially disrupted supply chains, the subsequent recovery has accelerated the demand for reliable and efficient air freight solutions, particularly for perishable goods, pharmaceuticals, and high-value electronics. Competition within the market is intense, with major players like FedEx, UPS, and DHL vying for market share alongside smaller regional carriers and specialized freight forwarders. The market is segmented by service type (freight transport, forwarding, value-added services), destination (domestic and international), and carrier type (belly cargo and freighter), offering a diverse range of solutions to meet varied customer needs. Growth is anticipated to continue at a healthy rate, driven by consistent expansion in online retail and the growing reliance on just-in-time inventory management strategies across various industries. Further analysis suggests that the US domestic air freight segment is likely to maintain a larger share compared to international shipments due to the size and robust internal trade within the country. The demand for temperature-controlled air freight, particularly for pharmaceutical and food products, is projected to rise significantly. However, challenges remain, including fluctuating fuel prices, geopolitical instability that can disrupt supply chains, and increasing regulatory scrutiny related to environmental concerns and carbon emissions. Companies are actively adopting sustainable practices, such as investing in fuel-efficient aircraft and implementing carbon offsetting programs, to mitigate these concerns and maintain a competitive edge. The integration of advanced analytics and artificial intelligence is also expected to optimize logistics, enhance efficiency, and improve overall supply chain visibility, contributing to the market's continued expansion. This comprehensive report provides a detailed analysis of the US air freight transport market, offering invaluable insights for businesses, investors, and policymakers. We examine the market's evolution from 2019 to 2024 (historical period), providing a robust base year analysis for 2025 and forecasting market trends up to 2033. This report covers key segments including freight forwarding, airline cargo, and value-added services, analyzing their contribution to the overall market value of several Billion dollars. Key search terms like "US air freight market size," "air cargo transportation," "freight forwarding services," and "belly cargo" are integrated throughout the report to maximize search engine visibility. Key drivers for this market are: Growing demand in the cold chain sector, Developing connectivity and infrastructure. Potential restraints include: Complex integration and implementation. Notable trends are: Increased Capacity Due to Increased Demand and Falling Rates.

The GCC Air Freight Transport Market Report is Segmented by Destination (Domestic and International), Carrier Type (Belly Cargo and Freighter), Cargo Type (General Cargo and Special Cargo), End-User Industry (E-Commerce & Retail, Manufacturing & Automotive, High-Tech & Electronics, and More), Country (Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman). The Market Forecasts are Provided in Terms of Value (USD).

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

The global air freight market is booming, projected to reach $293 billion by 2033 with a 6.82% CAGR. Discover key drivers, trends, and competitive insights in this detailed market analysis, including regional breakdowns and leading companies. Explore the future of air cargo and its impact on global trade.

The global air freight market, valued at $151.22 billion in 2025, is projected to experience robust growth, driven by the expansion of e-commerce, increasing globalization, and the growing need for faster and more efficient delivery of goods across borders. A compound annual growth rate (CAGR) of 5.92% from 2025 to 2033 indicates a significant market expansion, reaching an estimated value exceeding $250 billion by 2033. Key drivers include the rising demand for time-sensitive goods, particularly in industries like pharmaceuticals and technology, alongside the continuous improvement of air freight infrastructure and logistics technologies. While potential restraints such as fluctuating fuel prices and geopolitical uncertainties exist, the overall market trajectory remains positive, fueled by increasing cross-border trade and the ongoing evolution of supply chain management strategies favoring speed and reliability. The market is segmented by various factors, including cargo type (perishable goods, general cargo, etc.), aircraft type, and geographical region. Major players such as FedEx, DHL, Emirates, and numerous other significant airlines and logistics providers are fiercely competitive, constantly seeking innovation and strategic partnerships to maintain market share and capitalize on growth opportunities. This competitive landscape fosters continuous improvement in service offerings, pricing strategies, and technological advancements. The competitive landscape is characterized by a mix of established global players and regional carriers. Established players like FedEx and DHL benefit from extensive networks and established brand recognition, while regional carriers often leverage specialized expertise or cost advantages to capture market share. The industry is witnessing a significant shift towards technological advancements, including the adoption of data analytics for optimizing routes and improving efficiency, the implementation of blockchain technology for enhanced transparency and security, and the increasing use of automation in handling and tracking cargo. These improvements are contributing to enhanced operational efficiency, reduced costs, and increased customer satisfaction. The ongoing expansion of e-commerce, particularly cross-border e-commerce, is a significant factor shaping the market’s future, creating a sustained demand for rapid and reliable air freight services. Continued investment in infrastructure, such as airport upgrades and improved ground handling facilities, will further support the market's expansion. Recent developments include: December 2023: Aerovision Technology Limited, ATL, and Hong Kong Air Cargo Terminals Limited agreed to install ATL's proprietary intelligent cargo temperature detection system in appropriate locations within Hactl's SuperTerminal 1. To cope with the increasing volume of hazardous air cargo and to mitigate the risk of fire, it will further enhance the safety and reliability of cargo inspections.October 2023: A new cargo development agreement, doubling the capacity between China and Bournemouth, signed by Cargo First, the air freight business at Bournemouth Airport. The service is provided by European Cargo, based in Bournemouth, using its fleet of 76-tonne A-340 all-cargo freighters.May 2023: FedEx launched FedEx Sustainability Insights for customer emissions tracking. This cloud-based engine uses near-real-time FedEx network data to estimate CO2e emissions for individual tracking numbers and FedEx.com accounts.May 2023: FedEx Express improved its international delivery services to cater to customers' increasing demand for dependable and diverse services in Asia-Pacific. Customers can now access FedEx International Economy (IE) services connecting Asia-Pacific to 170 markets worldwide.. Key drivers for this market are: Increasing Global Trade, Growth of E-commerce. Potential restraints include: Increasing Global Trade, Growth of E-commerce. Notable trends are: Growing Demand For The Air Freight Market.

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).

The size of the Air Freight Market market was valued at USD 278.43 billion in 2024 and is projected to reach USD 553.02 billion by 2033, with an expected CAGR of 10.3 % during the forecast period. Recent developments include: In June 2024, ECU Worldwide, a subsidiary of Allcargo Logistics, formed a strategic partnership with ShipBob. This collaboration aims to enhance ShipBob's e-commerce inventory management by providing ocean and air freight services through ECU Worldwide's extensive global network. The partnership leverages ECU Worldwide's tech-driven platform, ECU360, to facilitate seamless freight operations and support ShipBob's clients across various markets. , In January 2023, Amazon expanded its logistics operations in India by launching Amazon Air. This dedicated air cargo service aims to accelerate delivery times for customers. By partnering with Quikjet Cargo Airlines and utilizing Boeing 737-800 aircraft, Amazon is building a robust air freight network across major Indian cities. This move is a significant step in Amazon's ongoing investment in India's e-commerce market. , In October 2022, A.P. Moller - Maersk expanded its air freight operations with the launch of a new service between the US and South Korea. This new route, operated by Maersk Air Cargo, signifies a strategic move to strengthen the company's integrated air cargo capabilities. By introducing its own fleet of Boeing 767-300 freighters, Maersk aims to provide customers with enhanced control and reliability in their supply chains. .

This statistic shows the size of the air freight market worldwide in 2020 and 2021 and gives a forecast through 2026. In 2022, the air freight market is expected to exceed ** million metric tons.

The Air Freight Market size is expected to reach USD 368.7 billion in 2034 registering a CAGR of 5.7%. This Air Freight Market research report highlights market share, competitive analysis, demand dynamics, and future growth.