Air cargo is defined as any goods or commodities that being carried in an aircraft. Air cargo includes air freight as well as airmail. For air cargo, various types of aircrafts used are passenger aircraft, cargo aircraft, as well as combi aircraft. With primary macroeconomic trends, strong growth in e-commerce is likely to play a progressively important role in air cargo market. Usually, goods transported by air, like time-sensitive perishables and high value commodities comprising computers, consumer electronics, & pharmaceuticals, are some of the fastest-growing trade flows around the world.The research analyst at AMA estimates Air Cargo market to grow at a compounded annual growth rate of 4.9%
AMA Research have segmented the market of Global Air Cargo market by Type, Application and Region. On the basis of Type, Air Freight are dominating the market in the year 2021
On the basis of geography, the market of Air Cargo has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Increasing Demand for Temperature Controlled Air Freight
Advent of E-Commerce Forces Demand for Air Freight Services, Speedy Development of Businesses around the World and Growing Demand from Various Industries
Growing Healthcare Industry and Faster-Growing Economies Providing Potential Opportunities
In addition to the aforementioned factor, Advent of E-Commerce Forces Demand for Air Freight Services
is expected to propel the growth of the market over the forecast period.
In January 2019, Qatar Airways Company QCSC has announced that it has started freighter services to Guadalajara, Mexico, escalating its network in the Americas region. This new destination is being attended by the airline’s Boeing 777 freighter. Guadalajara is added as a new destination on the cargo carrier’s high demand transpacific freighter route, beginning 6 January 2019. Two times in a week freighter departs directly from Macau to Los Angeles in North America & joins onward to Mexico City incoming in Guadalajara, before departing for Doha via Liège. Key exports on the flights involve perishables & general cargo, though general cargo will form the majority of imports.
The key Manufacturers profiled in the study are China Airlines (China), FedEx Corporation (United States), United Parcel Service of America, Inc. (United States), Cathay Pacific Airways Limited (China), DHL Aviation (Germany), Korean Air Lines Co., Ltd. (South Korea), Cargolux (Luxembourg), Lufthansa Cargo AG (Germany), Singapore Airlines Cargo (Singapore) and The Emirates Group (United Arab Emirates). A lot of Chinese, German, Japanese, and United States players are profiled in the research study indicating a strong market dependence.