The market value of the air cargo industry in Europe 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 European air freight market is expected to recover and reach approximately **** billion U.S. dollars by 2027.

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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 Freight Air Transport industry has been struggling in recent years in the face of economic and trade disruption. The region's beneficial geographical location and well-established infrastructure support strong demand. Despite resilient demand for rapid and reliable cross-border logistics, driven by rising global trade and e-commerce, many countries have opted for ship cargo or road freight transport over air freight. Revenue is expected to contract at a compound annual rate of 5.9% over the five years through 2025 to €12.7 billion, including an estimated 2.2% drop in 2025. Air cargo carriers are prioritising digital transformation to meet client expectations for speed, transparency and reliability. In terms of technology, integrating digital solutions, including real-time tracking and data analytics, has enhanced efficiency, driving up demand. Automation and modernised cargo handling processes have further streamlined operations, reducing turnaround times and costs. These advancements have positioned freight air transport companies as key companies in the global supply chain. However, amid these advances, the industry also contends with challenging headwinds. A highly volatile economic environment has seen air freight volumes swing sharply since 2020, with a pandemic-induced dip followed by a recovery and recent setbacks caused by inflation, high fuel costs and geopolitical uncertainty. Despite accounting for under 1% of the EU’s modal split by volume, air freight remains indispensable for time-critical, high-value and perishable goods, especially as e-commerce and pharma sectors expand. Revenue is anticipated to inch upward at a compound annual rate of 0.7% over the five years through 2030 to €13.1 billion. The continued expansion of e-commerce, coupled with growth in global trade, is anticipated to fuel growth opportunities. However, there will be some challenges to overcome. Investments in sustainable practices and adopting advanced technologies, including AI, automation and blockchain, are becoming increasingly vital. The green transition is picking up pace, with Sustainable Aviation Fuel mandates, lighter containers and investments in electric or hydrogen-powered aircraft showing promise. Yet, high SAF costs and limited production capacity remain obstacles. With tough competition from greener and cheaper rail or sea freight, air cargo must carve out a premium, value-added niche, especially for urgent or specialised shipments. Expanding trade routes, especially with Asia and emerging markets, alongside continued digital and green investment, will be key for European freight air transport’s ongoing relevance and growth.

In 2023, Germany was the single largest air cargo market in the European Union (EU-27), with nearly 4.6 million metric tons of freight and mail transported. France recorded the second highest air freight and male transport volumes, reaching over 2.3 million metric tons.

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...

The size of the Europe Air Freight Market was valued at USD 80 billion in 2023 and is projected to reach USD 120.29 billion by 2032, with an expected CAGR of 6% during the forecast period. Recent developments include: , In May 2023, UPS announced the acquisition of Freightex, a digital freight brokerage company in the United Kingdom, in order to strengthen its position in the European air freight industry., In March 2023, Lufthansa Cargo announced the debut of a new digital booking tool, "myAirCargo," for the easy and transparent booking of air freight shipments., In February 2023, DHL Global Forwarding established a cooperation with AeroVironment to build electric vertical takeoff and landing (eVTOL) aircraft for cargo transportation., In January 2023, FedEx Express announced the opening of a new air route between the United States and Asia to fulfill the rising demand for air freight services in the region.. Key drivers for this market are: Increasing E-commerce and Globalization. Rising Demand for Time-Sensitive and High-Value Goods.. Potential restraints include: Competition from Sea and Rail Freight. Environmental Concerns and Sustainability Pressures.. Notable trends are: Digitalization and Automation. Sustainability Initiatives..

The global air cargo market is booming, projected to reach [estimated 2033 market size in billions] by 2033, driven by e-commerce and fast delivery demands. Explore market trends, leading companies (FedEx, DHL, etc.), and regional insights in this comprehensive analysis.

The European freighter aircraft market, valued at approximately €770.11 million in 2025, is projected to experience steady growth, driven by the expanding e-commerce sector and the increasing demand for efficient air cargo transportation across the continent. A compound annual growth rate (CAGR) of 4.43% from 2025 to 2033 indicates a significant market expansion over the forecast period. Key drivers include the growth of cross-border e-commerce, requiring faster and more reliable delivery solutions, and the ongoing modernization of existing fleets with more fuel-efficient and technologically advanced aircraft. Furthermore, the increasing reliance on air freight for time-sensitive goods like pharmaceuticals and perishables fuels market expansion. While potential constraints such as fluctuating fuel prices and geopolitical uncertainties exist, the overall positive trajectory remains strong due to sustained economic growth within Europe and the continuing demand for faster global trade. Major players like Boeing, Airbus, and Textron, along with specialized conversion companies like Pemco and Precision Aircraft Solutions, are actively involved in catering to this demand, driving innovation in aircraft design and conversion services. The market's segmentation likely includes various aircraft categories (e.g., narrow-body, wide-body conversions) and service types (e.g., maintenance, repair, and overhaul). The competitive landscape shows established players along with smaller, specialized companies vying for market share, creating an active and dynamic market environment. The success of the European freighter aircraft market hinges on continued investment in infrastructure at major airports to handle increasing cargo volumes. Technological advancements in aircraft design and logistics technology are also vital. The growth of sustainable aviation fuel (SAF) and more efficient engine technologies will play a crucial role in mitigating the environmental impact of air freight and maintaining the market's long-term sustainability. Government regulations pertaining to air cargo operations and emission standards will also influence market dynamics. Overall, the European freighter aircraft market presents a compelling investment opportunity with significant potential for future expansion, underpinned by robust growth drivers and a strong player base. Key drivers for this market are: Increase in Internet of Things (IoT) and Autonomous Systems, Rise in Demand for Military and Defense Satellite Communication Solutions. Potential restraints include: Cybersecurity Threats to Satellite Communication, Interference in Transmission of Data. Notable trends are: Derivative of Non-Cargo Aircraft Segment is Anticipated to Dominate the Market.

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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

In 2023, with around 14.5 percent of market share, Frankfurt am Main Airport was the leading airport for cargo handling in Europe. That year, Paris Charles de Gaulle Airport, ranked second with its approximately 14.4 percent market share.

The European freighter aircraft market is booming, projected to reach $770.11 million in 2025 with a 4.43% CAGR until 2033. Discover key drivers, trends, and challenges shaping this dynamic sector, including leading companies like Airbus and Boeing. Explore market size, growth forecasts, and regional breakdowns. Key drivers for this market are: Increase in Internet of Things (IoT) and Autonomous Systems, Rise in Demand for Military and Defense Satellite Communication Solutions. Potential restraints include: Cybersecurity Threats to Satellite Communication, Interference in Transmission of Data. Notable trends are: Derivative of Non-Cargo Aircraft Segment is Anticipated to Dominate the Market.

The global Air Cargo Market size is expected to see substantial growth, increasing from USD 192.47 billion in 2024 to USD 298.9 billion by 2034, at a CAGR of over 4.5%. Leading industry players include ANA Cargo, British Airways World Cargo, Cargolux, Cathay Pacific Airways Limited, CEVA Logistics, China Airlines Ltd., DB Schenker, Delta Air Lines, Inc., DHL International GmbH, DSV Panalpina, Emirates SkyCargo, Expeditors International, FedEx Corporation, Kuehne+Nagel International AG, Lufthansa Airlines, Nippon Express, Qantas Freight, Singapore Airlines Cargo, Turkish Cargo, United Parcel Service, Inc. (UPS).

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).

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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 projected to grow from USD 372.47 billion in 2025 to USD 593.67 billion by 2033, exhibiting a CAGR of 6%.
Report Scope:

Discover the booming air cargo & freight logistics market! This comprehensive analysis reveals a $311.54 billion market in 2025, projecting strong growth through 2033. Explore key trends, regional breakdowns, and leading companies shaping this dynamic sector. Learn more about the future of air freight!

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The air cargo market research report identifies Increase in e-commerce sales to boost air cargo market as one of the primary drivers propelling the growth of the market. This driver is expected to create several growth opportunities and entice market vendors to make significant investments.

The air cargo market research report offers 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 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.

EU ICS2 Compliance for Air Cargo Market Outlook

According to our latest research, the Global EU ICS2 Compliance for Air Cargo market size was valued at $1.12 billion in 2024 and is projected to reach $3.67 billion by 2033, expanding at a robust CAGR of 14.7% during the forecast period of 2025–2033. The primary driver behind this remarkable growth trajectory is the increasing regulatory stringency imposed by the European Union’s Import Control System 2 (ICS2), which mandates advanced electronic data submission and risk assessment for all air cargo entering or transiting through the EU. This compliance requirement is compelling air cargo stakeholders—including airlines, freight forwarders, and customs brokers—to invest heavily in advanced software, automation, and integrated services to ensure seamless, timely, and accurate data exchange, thereby fueling the global market’s expansion.

Regional Outlook

Europe currently commands the largest share of the EU ICS2 Compliance for Air Cargo market, accounting for over 38% of global revenues in 2024. This dominance is attributed to the region’s early adoption and enforcement of ICS2 regulations, a highly mature customs infrastructure, and the presence of major air cargo hubs such as Frankfurt, Amsterdam, and Paris. European air cargo operators, freight forwarders, and ground handlers have made significant investments in compliance-oriented software, automation platforms, and professional services to meet the rigorous data filing and risk assessment requirements. Furthermore, a proactive policy environment, strong collaboration between customs authorities and logistics providers, and the integration of advanced digital technologies have propelled Europe to the forefront of ICS2 compliance adoption. The region’s leadership is further bolstered by ongoing initiatives to harmonize customs processes and facilitate secure, efficient cross-border trade within the EU.

The Asia Pacific region is emerging as the fastest-growing market for EU ICS2 Compliance for Air Cargo, projected to register a CAGR of 17.2% from 2025 to 2033. This rapid growth is driven by the exponential increase in air cargo volumes originating from key Asian economies such as China, Japan, South Korea, and India, all of which have significant trade relationships with the European Union. The region’s air cargo stakeholders are ramping up investments in cloud-based customs management software, risk assessment tools, and integrated documentation platforms to streamline compliance processes and minimize cargo delays. Additionally, government initiatives to modernize customs operations, digitalize trade documentation, and enhance cross-border data sharing are catalyzing the adoption of ICS2-compliant solutions. The influx of foreign direct investment and strategic partnerships with European technology providers are further accelerating the region’s transition toward full ICS2 compliance.

In contrast, emerging economies in Latin America, the Middle East, and Africa are experiencing a more gradual adoption of EU ICS2 Compliance for Air Cargo solutions. These regions face unique challenges such as limited digital infrastructure, fragmented regulatory frameworks, and a shortage of specialized compliance expertise. While there is growing awareness among air cargo operators and customs brokers about the importance of ICS2 compliance for accessing the lucrative EU market, implementation is often hampered by resource constraints and varying degrees of policy alignment with European standards. Nevertheless, targeted investments in capacity building, public-private partnerships, and regional harmonization efforts are gradually bridging the compliance gap, paving the way for increased adoption of advanced software, hardware, and professional services in these markets.

Report Scope

Ranked by total cargo volume (inbound and outbound), Hong Kong International was the world's largest air cargo hub, with over *** million metric tons of cargo handled in 2023, a slight increase from the previous year. Cargo aviation The transport of goods by an aircraft started in the 1910s. Yet it took a multitude of trials and errors to start paving the way for modern air cargo market. Thus, it took over 40 years for a safely and economically feasible air cargo market to become established. In general, air cargo operations are composed of air freight, air mail and air express. In 2019, the highest growth in cargo traffic was reported in Africa. Yet the share of this region is the smallest in the global air cargo market indicating the catching-up effect of the air cargo market in developing regions. In 2019, Asia Pacific was the biggest air cargo market. In 2022, two of the top four leading airports for international air freight were based in Asia. In 2019, most of the air cargo fleet was in North America, with *** cargo aircraft. European air cargo firms Since the first industrial revolution in Europe, European corporations started to advance their transportation capacity to facilitate the industrial process. As the produced goods became more complex, a further horizontal market integration was crucial. Thus, it intensified the need for transporting parts of a finished product from distant sources. Besides industrial benefits, advanced international transportation allowed also consumers to access a multitude of products from other countries with ease. In 2022, the top three world’s leading airfreight forwarders were European logistics companies. DHL Supply Chain & Global Forwarding, Kuehne + Nagel and DSV Panalpina were the leading companies based on the volume of freight forwarded. Freight-forwarding mostly facilitates the delivery process of economic value chain operations, that is why the coronavirus (COVID-19) outbreak did not leave freight-forwarding unaffected. Since the *****, the industrial production deviated by the highest negative percentage from its normal state due to the COVID-19. This directly affected the need to transport goods across the globe for various purposes. For instance, the estimated actual impact of COVID-19 on air freight forwarding is roughly a *** percent decline.