Market Overview:
The global air freight service market is estimated to be valued at US$ XX Mn in 2018 and is projected to register a CAGR of X.X% over the forecast period (2018-2030), reaching a value of US$XX Mn by 2030. The market is segmented on the basis of type, application and region. On-board courier services are expected to account for a significant share of the global air freight service market during the forecast period. This can be attributed to their ability to provide fast, reliable and secure transportation for time-sensitive cargo. Daily flight services are also anticipated to witness high demand due to their ability offer cost-effective shipping solutions for bulk cargo shipments.
Product Definition:
Air freight service is a transportation service that uses aircraft to transport goods. The importance of air freight service is that it can move goods quickly and efficiently over long distances.
On-Board Courier:
On-board courier is a service that sends documents and packages on commercial aircraft. It has been in use for decades, however, only recently has it seen an increase in demand due to the advent of faster parcel delivery services and e-commerce. The growth of OBC can be attributed to factors such as increasing air freight rates & competition between global logistics providers, growing international trade & cargo transportation needs along with rising passenger traffic.
Daily Flight:
The daily flight is the number of times a truck can travel in a day. It depends on the weight, size and type of load being transported. The more frequent flights reduce transportation cost as fuel costs are included in the base rate per trip regardless of how many times a vehicle travels.
Air freight service providers make use of several aircraft types to fulfill customer demand for shipping goods including heavy equipment, automotive components and industrial machinery among others.
Application Insights:
The international air freight service market is segmented on the basis of application into international air freight and domestic air freight. The international air cargo services are majorly used for importing and exporting goods from different cities, regions, countries across the world. The growing e-commerce industry has led to an increase in online purchasing of products which has resulted in a rise in demand for efficient logistics solutions that can move large volumes of goods efficiently with reduced carbon emissions over long distances. This trend is expected to continue over the forecast period as more consumers shift towards online shopping due to various benefits associated such as ease of use, flexibility, convenience and cost-effectiveness among others offered by e-commerce platforms.
Regional Analysis:
North America dominated the global air freight service market in 2017. The growth of e-commerce and online retailing has led to a significant increase in the number of packages shipped across North America. This, in turn, is expected to drive demand for air freight services over the forecast period. Moreover, growing trade between U.S., Canada and Mexico is anticipated to propel regional growth over the next eight years.
Asia Pacific region accounted for a revenue share of 23% in 2017 owing to increasing trade among Asian countries such as China and India as well as Australia & New Zealand (ANZ).
Middle East & Africa was one of prominent markets accounting for 18% share owing to increasing trade among Middle Eastern countries such as UAE.
Growth Factors:
- Increasing demand for air cargo services from the e-commerce sector.
- The growth of the global middle class, which is fuelling demand for air cargo services in developing countries.
- The increasing use of air freight by manufacturers and retailers to meet consumer demand for fast and reliable delivery of goods.
- The expansion of global trade and the growth in international trade lanes.
- The development of new technologies that are making it easier to track shipments and manage inventory
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Freight Service Market Research Report
By Type
On-Board Courier, Daily Flight
By Application
International Air Freight, Domestic Air Freight
By Companies
Kuehne + Nagel, CEVA Logistics, Toll Group, Graf Air Freight, ALPS Global Logistics, Grandeur Logistics, DHL Group, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bolloré Logistics, Expeditors, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, Sankyu, Kerry Logistics, Logwin, C.H.Robinson, Yusen Logistics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Air Freight Service Market Report Segments:
The global Air Freight Service market is segmented on the basis of:
Types
On-Board Courier, Daily Flight
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
International Air Freight, Domestic Air Freight
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kuehne + Nagel
- CEVA Logistics
- Toll Group
- Graf Air Freight
- ALPS Global Logistics
- Grandeur Logistics
- DHL Group
- DB Schenker Logistics
- GEODIS
- Panalpina
- DSV
- Bolloré Logistics
- Expeditors
- Nippon Express
- CEVA Logistics
- Pantos Logistics
- Agility Logistics
- Hellmann
- Damco
- KWE
- Hitachi Transport
- Sankyu
- Kerry Logistics
- Logwin
- C.H.Robinson
- Yusen Logistics
Highlights of The Air Freight Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Board Courier
- Daily Flight
- By Application:
- International Air Freight
- Domestic Air Freight
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Freight Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air freight service is the transportation of goods by air.
Some of the key players operating in the air freight service market are Kuehne + Nagel, CEVA Logistics, Toll Group, Graf Air Freight, ALPS Global Logistics, Grandeur Logistics, DHL Group, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bollor© Logistics, Expeditors, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, Sankyu, Kerry Logistics, Logwin, C.H.Robinson, Yusen Logistics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Freight Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Freight Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Freight Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Freight Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Freight Service Market Size & Forecast, 2018-2028
4.5.1 Air Freight Service Market Size and Y-o-Y Growth
4.5.2 Air Freight Service Market Absolute $ Opportunity
Chapter 5 Global Air Freight Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Freight Service Market Size Forecast by Type
5.2.1 On-Board Courier
5.2.2 Daily Flight
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Freight Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Freight Service Market Size Forecast by Applications
6.2.1 International Air Freight
6.2.2 Domestic Air Freight
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Freight Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Freight Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Freight Service Analysis and Forecast
9.1 Introduction
9.2 North America Air Freight Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Freight Service Market Size Forecast by Type
9.6.1 On-Board Courier
9.6.2 Daily Flight
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Freight Service Market Size Forecast by Applications
9.10.1 International Air Freight
9.10.2 Domestic Air Freight
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Freight Service Analysis and Forecast
10.1 Introduction
10.2 Europe Air Freight Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Freight Service Market Size Forecast by Type
10.6.1 On-Board Courier
10.6.2 Daily Flight
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Freight Service Market Size Forecast by Applications
10.10.1 International Air Freight
10.10.2 Domestic Air Freight
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Freight Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Freight Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Freight Service Market Size Forecast by Type
11.6.1 On-Board Courier
11.6.2 Daily Flight
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Freight Service Market Size Forecast by Applications
11.10.1 International Air Freight
11.10.2 Domestic Air Freight
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Freight Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Freight Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Freight Service Market Size Forecast by Type
12.6.1 On-Board Courier
12.6.2 Daily Flight
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Freight Service Market Size Forecast by Applications
12.10.1 International Air Freight
12.10.2 Domestic Air Freight
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Freight Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Freight Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Freight Service Market Size Forecast by Type
13.6.1 On-Board Courier
13.6.2 Daily Flight
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Freight Service Market Size Forecast by Applications
13.10.1 International Air Freight
13.10.2 Domestic Air Freight
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Freight Service Market: Competitive Dashboard
14.2 Global Air Freight Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kuehne + Nagel
14.3.2 CEVA Logistics
14.3.3 Toll Group
14.3.4 Graf Air Freight
14.3.5 ALPS Global Logistics
14.3.6 Grandeur Logistics
14.3.7 DHL Group
14.3.8 DB Schenker Logistics
14.3.9 GEODIS
14.3.10 Panalpina
14.3.11 DSV
14.3.12 Bolloré Logistics
14.3.13 Expeditors
14.3.14 Nippon Express
14.3.15 CEVA Logistics
14.3.16 Pantos Logistics
14.3.17 Agility Logistics
14.3.18 Hellmann
14.3.19 Damco
14.3.20 KWE
14.3.21 Hitachi Transport
14.3.22 Sankyu
14.3.23 Kerry Logistics
14.3.24 Logwin
14.3.25 C.H.Robinson
14.3.26 Yusen Logistics
