About Air Freight-
Air freight means the transport of goods by loading them up in an aircraft and sending them to their ideal destination even across international borders, via aerial routes. It used to be that common goods were delivered by air freight in areas that had little access to local products. Benefits are a Low risk of accidents and delays, a high level of safety, and Cargo preservation. The trend of air freight is Supply chain diversification is growing.
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The air freight market has been substantial growth in recent years. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The increasing volume of trade and the demand for low-cost and efficient transportation solutions have driven the growth of the Air freight market. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Haulystics Ltd (United Kingdom), Kuehne+Nagel Pty Ltd (Australia), Kerry Apex (Canada), Freight and Customer PTY LTD (Australia), Alinnza Trading London Ltd (United Kingdom), Barrington Freight Ltd (United Kingdom), Cargonet Logistics Vietnam (Vietnam), Air Supply International Logistics Group Limited (Hong Kong), Pilot Freight (Australia) and Farista Rescue Ambulance Service (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are EMEX Express Germany (Germany).
AMA Research has segmented the market of Global Air Freight- market by Type (Expedited charter, On board courier, Commercial airline and Cargo airline) and Region.
On the basis of geography, the market of Air Freight- 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). If we see Market by Freight /Cargo Type, the sub-segment i.e. Perishable (fruits, vegetables, meats, and medical products) will boost the Air Freight- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product , the sub-segment i.e. General Air Freight Products will boost the Air Freight- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type , the sub-segment i.e. Fright will boost the Air Freight- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Private will boost the Air Freight- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Destination , the sub-segment i.e. Domestics will boost the Air Freight- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Rising Popularity of E-Commerce and Increasing Demand for The Air Cargo Capacity
Market Growth Drivers:
Rising Demand for E-Commerce and Online Shopping and Increasing Demand for Time Sensitive and High-Volume Cargo
Limited Carrying Capacity and High Dependency on the Weather Condition
Lack of Infrastructure and High Risks Associated with Air Shipping
Increases Reliance on Manual Processes
Market Leaders and their expansionary development strategies
In May 2022, Maersk announced the completion of its acquisition of Pilot Freight Services, a leading U.S.-based international and domestic supply chain provider with cross-border solutions in Canada and Mexico. Pilot Freight Service rebranded to Pilot A Maersk Company. Maersk is constantly worked with its global supply chain to accelerate solutions for customers that support their strategic business ambitions. Pilot A Maersk Company, Maersk extends its end-to-end offerings deeper into the North American supply chain of its customers, adding important supply chain infrastructure capacity and scale. The combined Pilot and Maersk scale offer customers approximately 150 facilities in the U.S., including distribution centres, hubs, and stations.
In December 2022, Kuehne Nagel launched an offer for air freight shipments to approach the unique requirements of global semiconductor supply chains. With a robust air freight capacity, security solutions, and the new quality standard, Sem icon Chain as the core elements of the offering, all industry stakeholders can establish reliable and agile supply chains. This improved Kuehne Nagelís visibility and automated processes.
Key Target AudienceGovernment Agencies, Air Freight Companies, Government regulatory authorities, E-Commerce Services, End User Industry, Customer and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.