Market Overview:
The global ocean freight and air freight market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for goods and services, globalization, and technological advancements in transportation. The market is segmented by type (ocean freight, air freight), by application (agricultural, automotive, beverage, electronic, other), and by region (North America, Latin America, Europe Asia Pacific & Middle East & Africa). The North American region dominates the global ocean freight and air cargo market with a share of more than 30%. This can be attributed to the presence of developed economies such as the US and Canada coupled with high disposable income levels in these countries. In terms of growth rate too North America is expected to lead during the forecast period followed by Asia Pacific.
Product Definition:
Ocean freight is the transportation of goods by water, while air freight is the transportation of goods by airplane. Ocean freight typically costs less than air freight, but takes longer to transport cargo. Air freight is more expensive, but can move cargo much more quickly. The importance of ocean and airfreight depends on the needs of the shipper. For example, a company that needs to get a product from one side of the world to another quickly may choose to use airfreight, while a company that does not need its products delivered immediately may choose ocean freight in order to save money.
Ocean freight:
Ocean freight is the shipping of goods via sea. Ocean freight can be distinguished from marine towing or inland towing. Inland tow refers to transportation of vehicles by road, while marine tow means transportation of ships and boats. The primary difference between ocean and air freights is that in an ocean freight the goods are transported over water whereas in an air freight the goods are transported by airplane.
Air freight:
Air freight is the transportation of goods by air. It is also known as Airway freight or Air waybill. The goods are transported by a specialized fleet of cargo aircraft, commonly called freighters, which come with a variety of sizes and capacity to meet different customer requirements.
The primary factor driving the growth for air freight market share is increasing trade between countries across the globe due to globalization.
Application Insights:
The other application segment includes the supply of goods to and from the islands, which are part of a country but connected to another by water or land. The major countries having such remote locations include: Australia, New Zealand, Micronesia, Palau and Papua New Guinea. Goods reaching these destinations via air or sea are ferried to their final destination by road transport.
The agricultural segment is expected to be one of the prominent applications over the forecast period owing to increasing demand for food crops across various regions including North America and Europe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments, rising disposable income, and expanding population. China is one of the largest economies in this region that has witnessed significant changes in its economy since 2010 due to various factors such as urbanization, industrialization, etc. This factor is anticipated to have a positive impact on industry growth over the next eight years.
North America accounted for a share of more than 15% in terms of revenue generated by ocean freight globally in 2017 owing to high demand from U.S., Mexico and Canada among other Latin American countries for perishable products such as fruits & vegetables; dairy; meat; seafood; live animals; fresh packaged foods including frozen foods and processed foods along with consumer electronics items like laptops/notebooks etc.
Growth Factors:
- Economic growth in developing countries – This will lead to an increase in demand for goods that need to be transported by air and ocean freight.
- Rise in e-commerce – As online shopping becomes more popular, the need for fast and reliable transportation of goods will grow.
- Increase in global trade – The world is becoming increasingly interconnected, which is leading to an increase in the amount of goods being transported around the globe.
- Development of new shipping routes – As trade expands, so too does the need for new shipping routes that can accommodate increased traffic volume.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ocean freight and Air freight Market Research Report
By Type
Ocean freight, Air freight
By Application
Agricultural, Automotive, Beverage, Electronic, Other
By Companies
Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, Nippon Express, Damco, KWE, Hitachi Transport, China Airlines Cargo, FedEx Express, UPS Airlines, Cathay Pacific Cargo, Korean Air Caro
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Ocean freight and Air freight Market Report Segments:
The global Ocean freight and Air freight market is segmented on the basis of:
Types
Ocean freight, Air freight
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
Agricultural, Automotive, Beverage, Electronic, Other
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
- DHL Group
- DB Schenker Logistics
- GEODIS
- Nippon Express
- Damco
- KWE
- Hitachi Transport
- China Airlines Cargo
- FedEx Express
- UPS Airlines
- Cathay Pacific Cargo
- Korean Air Caro
Highlights of The Ocean freight and Air freight 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:
- Ocean freight
- Air freight
- By Application:
- Agricultural
- Automotive
- Beverage
- Electronic
- Other
- 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 Ocean freight and Air freight 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?
Ocean freight is cargo that is transported by sea. Air freight is cargo that is transported by air.
Some of the major players in the ocean freight and air freight market are Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, Nippon Express, Damco, KWE, Hitachi Transport, China Airlines Cargo, FedEx Express, UPS Airlines, Cathay Pacific Cargo, Korean Air Caro.
The ocean freight and air freight market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ocean freight and Air freight Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ocean freight and Air freight Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ocean freight and Air freight Market - Supply Chain
4.5. Global Ocean freight and Air freight Market Forecast
4.5.1. Ocean freight and Air freight Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ocean freight and Air freight Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ocean freight and Air freight Market Absolute $ Opportunity
5. Global Ocean freight and Air freight Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ocean freight and Air freight Market Size and Volume Forecast by Type
5.3.1. Ocean freight
5.3.2. Air freight
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ocean freight and Air freight Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ocean freight and Air freight Market Size and Volume Forecast by Application
6.3.1. Agricultural
6.3.2. Automotive
6.3.3. Beverage
6.3.4. Electronic
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ocean freight and Air freight Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ocean freight and Air freight Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ocean freight and Air freight Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ocean freight and Air freight Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ocean freight and Air freight Demand Share Forecast, 2019-2026
9. North America Ocean freight and Air freight Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ocean freight and Air freight Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ocean freight and Air freight Market Size and Volume Forecast by Application
9.4.1. Agricultural
9.4.2. Automotive
9.4.3. Beverage
9.4.4. Electronic
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ocean freight and Air freight Market Size and Volume Forecast by Type
9.7.1. Ocean freight
9.7.2. Air freight
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ocean freight and Air freight Demand Share Forecast, 2019-2026
10. Latin America Ocean freight and Air freight Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ocean freight and Air freight Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ocean freight and Air freight Market Size and Volume Forecast by Application
10.4.1. Agricultural
10.4.2. Automotive
10.4.3. Beverage
10.4.4. Electronic
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ocean freight and Air freight Market Size and Volume Forecast by Type
10.7.1. Ocean freight
10.7.2. Air freight
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ocean freight and Air freight Demand Share Forecast, 2019-2026
11. Europe Ocean freight and Air freight Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ocean freight and Air freight Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ocean freight and Air freight Market Size and Volume Forecast by Application
11.4.1. Agricultural
11.4.2. Automotive
11.4.3. Beverage
11.4.4. Electronic
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ocean freight and Air freight Market Size and Volume Forecast by Type
11.7.1. Ocean freight
11.7.2. Air freight
11.. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ocean freight and Air freight Demand Share, 2019-2026
12. Asia Pacific Ocean freight and Air freight Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ocean freight and Air freight Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ocean freight and Air freight Market Size and Volume Forecast by Application
12.4.1. Agricultural
12.4.2. Automotive
12.4.3. Beverage
12.4.4. Electronic
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ocean freight and Air freight Market Size and Volume Forecast by Type
12.7.1. Ocean freight
12.7.2. Air freight
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ocean freight and Air freight Demand Share, 2019-2026
13. Middle East & Africa Ocean freight and Air freight Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ocean freight and Air freight Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ocean freight and Air freight Market Size and Volume Forecast by Application
13.4.1. Agricultural
13.4.2. Automotive
13.4.3. Beverage
13.4.4. Electronic
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ocean freight and Air freight Market Size and Volume Forecast by Type
13.7.1. Ocean freight
13.7.2. Air freight
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ocean freight and Air freight Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ocean freight and Air freight Market: Market Share Analysis
14.2. Ocean freight and Air freight Distributors and Customers
14.3. Ocean freight and Air freight Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kuehne + Nagel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DHL Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DB Schenker Logistics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GEODIS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nippon Express
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Damco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KWE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi Transport
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China Airlines Cargo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. FedEx Express
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. UPS Airlines
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cathay Pacific Cargo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Korean Air Caro
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
