Air cargo and freight logistics involves the transportation of goods, food, raw materials and finished products from one destination to another through airplanes. It provides cost effective shipping solutions for large scale transportation of time sensitive goods and manufacturing inputs. The increasing global trade and outsourcing of manufacturing has augmented the demand for air cargo services.
The global Air Cargo And Freight Logistics Market is estimated to be valued at US$ 164.48 Mn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Cost-effective transportation is one of the key opportunities fueling the growth of air cargo and freight logistics market. Air cargo transportation is becoming a preferred option for time-critical freight movement across long distances as it offers faster delivery compared to sea and road freight. It allows just-in-time delivery of industrial inputs and provides efficient solutions for transportation of perishable goods. Additionally, air cargo is more cost-effective for shipping low density but high value goods such as electronics and pharmaceuticals. The ability to deliver goods quickly at competitive prices is propelling various industries to opt for air freight logistics, thereby driving the market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The air cargo and freight logistics market requires huge capital investment and there are strict regulations, thus threat from new entrants is low. Established players like AGRANA Beteiligungs-AG also enjoy economies of scale.
Bargaining power of buyers: The buyers have moderate bargaining power due to availability of substitute transport modes like ocean freight and road freight. However, time efficiency of air cargo attracts buyers.
Bargaining power of suppliers: Major suppliers include airlines, freight forwarders, and logistics companies. They have moderate bargaining power due to the established relationship with buyers and differentiated services offered.
Threat of new substitutes: Ocean and road freight are alternatives but air cargo remains attractive for time-critical shipments. Thus threat from substitutes is moderate.
Competitive rivalry: High as major players compete based on pricing, quality of assets, technology, and global reach.
SWOT Analysis
Strength: Global network, technological capabilities, economies of scale.
Weakness: High operating costs, vulnerability to economic cycles.
Opportunity: Growth in e-commerce, pharmaceuticals shipping.
Threats: Trade restrictions, rising fuel costs.
Key Takeaways
The global Air Cargo And Freight Logistics Market Share is expected to witness high growth. The market size is projected to grow from US$ 164.48 Mn in 2024 to US$ 269.03 Mn by 2031, recording a CAGR of 5.4% during the forecast period.
Regional analysis: North America accounts for the largest share due to robust economic growth and manufacturing activity in the US and Canada. The Asia Pacific region is expected to grow at the fastest pace led by China, India and other developing nations experiencing rise in exports.
Key players: Key players operating in the air cargo and freight logistics market are AGRANA Beteiligungs-AG, Baor Products, CitroGlobe S.r.l., Döhler GmbH, FIL Industries Private Limited, Fructrum GmbH, FruitSmart, H&H Products Company, Hermann Pfanner Getränke GmbH, Himalyan Food Park, Ingredion, Lizaz Food Processing, Old Orchard Brands, LLC. Major players are focused on mergers and acquisitions to expand their global presence.
Explore more related article on this topic: https://www.newsstatix.com/air-cargo-and-freight-logistics-market-demand/
In this report, our team offers a comprehensive analysis of Air Cargo & Freight Logistics market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-air-cargo-and-freight-logistics-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• DB Schenker• Cathay Pacific Airlines• China Airlines• FedExoration• Bollore Group SDV• CEVA Logistics• Deutsche Post DHL• Deutsche Lufthansa• Korean Airlines• Expeditors International• Kuehne + Nagel International On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Domestic• International By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Food• Industrial Materials• Equipment• Other By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-air-cargo-and-freight-logistics-market-2020-2026 Table of Contents Global Air Cargo & Freight Logistics Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Domestic1.3.2 International1.4 Application Overview1.4.1 Food1.4.2 Industrial Materials1.4.3 Equipment1.4.4 Other1.5 Industrial Chain1.5.1 Air Cargo & Freight Logistics Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Domestic2.1.2 International2.2 The Overall Market Performance(Value)2.2.1 Domestic2.2.2 International 3 Global Air Cargo & Freight Logistics Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Food3.3 Industrial Materials3.4 Equipment3.5 Other Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/transport-and-logistics About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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