The Global Air Cargo And Freight Logistics Market Growth Accelerating As Global Air Cargo Transportation Becomes More Important

Air cargo transportation provides an efficient way to ship packages and freights globally. These services allow transporting temperature-sensitive goods like pharmaceuticals safely across long distances through a network of planes. They also helps businesses deliver goods on time to meet customer demand.

The global Air Cargo and Freight Logistics Market is estimated to be valued at US$ 164.48 Mn  in 2023 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 key trends

Globalization and growing international trade are increasing the demand for reliable air cargo transportation options to facilitate just-in-time delivery of products and raw materials worldwide. Geopolitical instability and uncertainties such as Brexit have also boosted demand as businesses rely more on air freight to maintain supply chains. Meanwhile, investments in advanced technologies to improve cargo handling, tracking and monitoring are helping make air cargo services more efficient. For instance, radio frequency identification (RFID) solutions provide real-time visibility of shipments which reduces delays. Such modernizations are expected to support continued market growth over the forecast period.

Segment Analysis

The global air cargo and freight logistics market is dominated by the international cargo freight segment. This segment handles the international transportation of cargo and freight via airways between different countries. It is the largest segment as international trade between nations has increased substantially over the years with increasing globalization. Large manufacturing companies extensively use international air cargo services for swift transportation of parts and goods to different manufacturing plants and distribution centers globally.

Key Takeaways

The global Air Cargo And Freight Logistics Market Share is expected to witness high growth over the forecast period of 2024 to 2031. The market size is projected to increase from US$ 164.48 Mn  in 2024 to US$ 289.24 Mn by 2031, registering a CAGR of 5.4%.

Regional analysis
The Asia Pacific region currently dominates the global air cargo and freight logistics market and is expected to maintain its lead over the forecast period. This can be attributed to burgeoning international trade between countries such as China, Japan, India, and ASEAN nations. Additionally, the region has emerged as a global manufacturing hub with large-scale exports of electronics, automotive components, textiles, and other commodities contributing to high demand for air cargo services.

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. AMUL, a leading Indian dairy cooperative, is expanding its international operations through strategic partnerships with key global players.

Explore more related article on this topic: https://www.trendingwebwire.com/the-global-air-cargo-and-freight-logistics-market/