Air Freight in North America

February 2024 | 54 pages | ID: A6BB1BCF3C9EN
MarketLine

Abstracts

Air Freight in North America

Summary

Air Freight in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Air freight is a mode of transportation that involves the movement of goods and cargo through the airways.
• The North American air freight sector recorded revenues of $20,118.3 million in 2023, representing a compound annual growth rate (CAGR) of 0.07% between 2018 and 2023.
• Sector consumption volumes declined with a negative CAGR of 0.1% between 2018 and 2023, to reach a total of 46,188.7 million FTK in 2023.
• In 2023, the North American new export orders component of the Purchasing Managers' Index (PMI), a crucial indicator of cargo demand, experienced a decline. For instance, according to the Institute for Supply Management, the ISM Manufacturing PMI in the US declined to 46 points in June 2023 from 47.7 points in February 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the air freight market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the air freight market in North America
• Leading company profiles reveal details of key air freight market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the North America air freight market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the North America air freight market by value in 2023?
• What will be the size of the North America air freight market in 2028?
• What factors are affecting the strength of competition in the North America air freight market?
• How has the market performed over the last five years?
• Who are the top competitors in North America's air freight market?

Contents

Table of Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What strategies do the leading players follow?
7.4. What are the recent developments in the market?

8 COMPANY PROFILES

8.1. Expeditors International of Washington, Inc.
8.2. FedEx Corp
8.3. United Parcel Service, Inc.
8.4. Cargojet Inc

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: North America air freight sector value: $ million, 2018-23
Table 2: North America air freight sector volume: million FTK, 2018-23
Table 3: North America air freight sector category segmentation: % share, by volume, 2018-2023
Table 4: North America air freight sector category segmentation: million FTK, 2018-2023
Table 5: North America air freight sector geography segmentation: $ million, 2023
Table 6: North America air freight sector value forecast: $ million, 2023-28
Table 7: North America air freight sector volume forecast: million FTK, 2023-28
Table 8: Expeditors International of Washington, Inc.: key facts
Table 9: Expeditors International of Washington, Inc.: Annual Financial Ratios
Table 10: Expeditors International of Washington, Inc.: Key Employees
Table 11: Expeditors International of Washington, Inc.: Key Employees Continued
Table 12: FedEx Corp: key facts
Table 13: FedEx Corp: Annual Financial Ratios
Table 14: FedEx Corp: Key Employees
Table 15: FedEx Corp: Key Employees Continued
Table 16: FedEx Corp: Key Employees Continued
Table 17: United Parcel Service, Inc.: key facts
Table 18: United Parcel Service, Inc.: Annual Financial Ratios
Table 19: United Parcel Service, Inc.: Key Employees
Table 20: United Parcel Service, Inc.: Key Employees Continued
Table 21: Cargojet Inc: key facts
Table 22: Cargojet Inc: Annual Financial Ratios
Table 23: Cargojet Inc: Key Employees
Table 24: North America exchange rate, 2019-23

List Of Figures

LIST OF FIGURES

Figure 1: North America air freight sector value: $ million, 2018-23
Figure 2: North America air freight sector volume: million FTK, 2018-23
Figure 3: North America air freight sector category segmentation: million FTK, 2018-2023
Figure 4: North America air freight sector geography segmentation: % share, by value, 2023
Figure 5: North America air freight sector value forecast: $ million, 2023-28
Figure 6: North America air freight sector volume forecast: million FTK, 2023-28
Figure 7: Forces driving competition in the air freight sector in North America, 2023
Figure 8: Drivers of buyer power in the air freight sector in North America, 2023
Figure 9: Drivers of supplier power in the air freight sector in North America, 2023
Figure 10: Factors influencing the likelihood of new entrants in the air freight sector in North America, 2023
Figure 11: Factors influencing the threat of substitutes in the air freight sector in North America, 2023
Figure 12: Drivers of degree of rivalry in the air freight sector in North America, 2023