Global Air Freight Market to Reach USD 622.09 Billion by 2032

February 2025 | 285 pages | ID: G6E0F1513D3EEN
Bizwit Research & Consulting LLP

Abstracts

The Global Air Freight Market was valued at approximately USD 257.44 billion in 2023 and is projected to expand at a CAGR of 10.3% over the forecast period 2024-2032. As globalization accelerates, businesses are increasingly relying on fast, efficient, and reliable cargo transport solutions to meet growing consumer expectations and international trade demands. The air freight industry plays a pivotal role in facilitating global supply chains, ensuring timely delivery of goods across continents, and minimizing inventory costs. Advancements in automated logistics, digital freight solutions, and real-time tracking technologies are revolutionizing the market, making air cargo operations more efficient than ever.

The market's robust growth is primarily driven by the surging demand for perishable goods, pharmaceuticals, e-commerce shipments, and high-value commodities that require expedited delivery. The proliferation of cross-border trade agreements and the expansion of Free Trade Zones (FTZs) have further strengthened international air cargo movements. Additionally, rapid digitalization in logistics operations, integration of AI-powered freight management systems, and the deployment of smart cargo hubs are significantly enhancing efficiency in the industry. However, high operational costs, stringent regulatory requirements, and fluctuations in fuel prices continue to pose challenges to market expansion.

With the rise of e-commerce giants and direct-to-consumer business models, air freight has become the preferred logistics solution for handling time-sensitive shipments. Companies are increasingly investing in dedicated cargo aircraft, automation in freight handling, and sustainable aviation solutions to keep pace with growing consumer demands while reducing carbon footprints. The adoption of blockchain technology, IoT-based tracking systems, and AI-driven predictive analytics is further streamlining supply chain processes, optimizing delivery timelines, and enhancing operational transparency.

Regionally, North America dominates the global air freight market, driven by a well-established aviation infrastructure, technological advancements in cargo operations, and the strong presence of major logistics players. The United States and Canada continue to invest in digitally enhanced air cargo handling solutions to improve operational efficiency. Meanwhile, Europe is experiencing steady growth, fueled by increasing intra-European trade, advancements in air cargo security protocols, and the rise of e-commerce-driven air freight demand. The Asia-Pacific region is poised to witness the fastest expansion, as emerging economies such as China, India, and Southeast Asian nations continue to strengthen their air cargo networks, supported by rising industrial output and booming e-commerce sectors.

Major Market Players Included in This Report:

• FedEx Corporation
• United Parcel Service (UPS)
• DHL Group
• Emirates SkyCargo
• Cathay Pacific Cargo
• Singapore Airlines Cargo
• Lufthansa Cargo AG
• Cargolux Airlines International S.A.
• Korean Air Cargo
• China Airlines Cargo
• Air France-KLM Cargo
• Etihad Cargo
• Qatar Airways Cargo
• Turkish Airlines Cargo
• ANA Cargo

The Detailed Segments and Sub-Segment of the Market Are Explained Below:

By Service:

• Freight
• Express
• Mail

By Destination:

• Domestic
• International

By End Use:

• Private
• Commercial

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe (ROE)

Asia-Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific (RoAPAC)

Latin America:

• Brazil
• Mexico

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa (RoMEA)

Key Takeaways from the Report:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenue trends with regional-level analysis for each segment.
• Comprehensive geographical insights, including country-level analysis.
• Competitive landscape overview, profiling leading players in the industry.
• In-depth assessment of key business strategies and market entry approaches.
• Analysis of market structure, demand and supply dynamics.

Contents

CHAPTER 1.GLOBAL AIR FREIGHT MARKET EXECUTIVE SUMMARY

1.1.Global Air Freight Market Size & Forecast (2022-2032)
1.2.Regional Summary
1.3.Segmental Summary
  1.3.1.By Service
  1.3.2.By Destination
  1.3.3.By End Use
1.4.Key Trends
1.5.Recession Impact
1.6.Analyst Recommendation & Conclusion

CHAPTER 2.GLOBAL AIR FREIGHT MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1.Research Objective
2.2.Market Definition
2.3.Research Assumptions
  2.3.1.Inclusion & Exclusion
  2.3.2.Limitations
  2.3.3.Supply Side Analysis
    2.3.3.1.Availability
    2.3.3.2.Infrastructure
    2.3.3.3.Regulatory Environment
    2.3.3.4.Market Competition
    2.3.3.5.Economic Viability (Consumer’s Perspective)
  2.3.4.Demand Side Analysis
    2.3.4.1.Regulatory Frameworks
    2.3.4.2.Technological Advancements
    2.3.4.3.Environmental Considerations
    2.3.4.4.Consumer Awareness & Acceptance
2.4.Estimation Methodology
2.5.Years Considered for the Study
2.6.Currency Conversion Rates

CHAPTER 3.GLOBAL AIR FREIGHT MARKET DYNAMICS

3.1.Market Drivers
  3.1.1.Rising Global Trade and E-commerce Growth
  3.1.2.Advancements in Digital Freight Solutions and Logistics Automation
  3.1.3.Increased Demand for Time-Sensitive Deliveries
3.2.Market Challenges
  3.2.1.High Operational Costs and Fuel Price Volatility
  3.2.2.Stringent Regulatory and Environmental Standards
3.3.Market Opportunities
  3.3.1.Expansion of Dedicated Cargo Aircraft and Advanced Tracking Technologies
  3.3.2.Growth in Sustainable Aviation Solutions and Hybrid Logistics Models
  3.3.3.Increasing Investment in Infrastructure and Digital Transformation

CHAPTER 4.GLOBAL AIR FREIGHT MARKET INDUSTRY ANALYSIS

4.1.Porter’s 5 Force Model
  4.1.1.Bargaining Power of Suppliers
  4.1.2.Bargaining Power of Buyers
  4.1.3.Threat of New Entrants
  4.1.4.Threat of Substitutes
  4.1.5.Competitive Rivalry
  4.1.6.Futuristic Approach to Porter’s 5 Force Model
  4.1.7.Porter’s 5 Force Impact Analysis
4.2.PESTEL Analysis
  4.2.1.Political
  4.2.2.Economical
  4.2.3.Social
  4.2.4.Technological
  4.2.5.Environmental
  4.2.6.Legal
4.3.Top Investment Opportunity
4.4.Top Winning Strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

CHAPTER 5.GLOBAL AIR FREIGHT MARKET SIZE & FORECASTS BY SERVICE 2022-2032

5.1.Segment Dashboard
5.2.Global Air Freight Market: Service Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1.Freight
  5.2.2.Express
  5.2.3.Mail

CHAPTER 6.GLOBAL AIR FREIGHT MARKET SIZE & FORECASTS BY DESTINATION 2022-2032

6.1.Segment Dashboard
6.2.Global Air Freight Market: Destination Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1.Domestic
  6.2.2.International

CHAPTER 7.GLOBAL AIR FREIGHT MARKET SIZE & FORECASTS BY END USE 2022-2032

7.1.Segment Dashboard
7.2.Global Air Freight Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1.Private
  7.2.2.Commercial

CHAPTER 8.GLOBAL AIR FREIGHT MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1.North America Air Freight Market
  8.1.1.U.S. Air Freight Market
    8.1.1.1.Service Breakdown Size & Forecasts, 2022-2032
    8.1.1.2.End Use Breakdown Size & Forecasts, 2022-2032
  8.1.2.Canada Air Freight Market
8.2.Europe Air Freight Market
  8.2.1.U.K. Air Freight Market
  8.2.2.Germany Air Freight Market
  8.2.3.France Air Freight Market
  8.2.4.Spain Air Freight Market
  8.2.5.Italy Air Freight Market
  8.2.6.Rest of Europe Air Freight Market
8.3.Asia-Pacific Air Freight Market
  8.3.1.China Air Freight Market
  8.3.2.India Air Freight Market
  8.3.3.Japan Air Freight Market
  8.3.4.Australia Air Freight Market
  8.3.5.South Korea Air Freight Market
  8.3.6.Rest of Asia-Pacific Air Freight Market
8.4.Latin America Air Freight Market
  8.4.1.Brazil Air Freight Market
  8.4.2.Mexico Air Freight Market
  8.4.3.Rest of Latin America Air Freight Market
8.5.Middle East & Africa Air Freight Market
  8.5.1.Saudi Arabia Air Freight Market
  8.5.2.South Africa Air Freight Market
  8.5.3.Rest of Middle East & Africa Air Freight Market

CHAPTER 9.COMPETITIVE INTELLIGENCE

9.1.Key Company SWOT Analysis
  9.1.1.{Company 1}
  9.1.2.{Company 2}
  9.1.3.{Company 3}
9.2.Top Market Strategies
9.3.Company Profiles
  9.3.1.{First Company Name}
    9.3.1.1.Key Information
    9.3.1.2.Overview
    9.3.1.3.Financial (Subject to Data Availability)
    9.3.1.4.Product Summary
    9.3.1.5.Market Strategies
  9.3.2.{Company 2 Name}
  9.3.3.{Company 3 Name}
  9.3.4.{Company 4 Name}
  9.3.5.{Company 5 Name}
  9.3.6.{Company 6 Name}
  9.3.7.{Company 7 Name}
  9.3.8.{Company 8 Name}
  9.3.9.{Company 9 Name}
  9.3.10.{Company 10 Name}
  9.3.11.{Company 11 Name}
  9.3.12.{Company 12 Name}
  9.3.13.{Company 13 Name}
  9.3.14.{Company 14 Name}
  9.3.15.{Company 15 Name}

CHAPTER 10.RESEARCH PROCESS

10.1.Research Process
  10.1.1.Data Mining
  10.1.2.Analysis
  10.1.3.Market Estimation
  10.1.4.Validation
  10.1.5.Publishing
10.2.Research Attributes