Global Air Freight Market will be worth ~$210 Billion by

Bangalore, July 26, 2022 (GLOBE NEWSWIRE) — Report abstract

In 2021, accessible cargo tons – kilometers (ACTKs) fell by ~11% in comparison with 2019. Capacity didn’t come again slowly throughout the yr because of enhancements in worldwide passenger visitors.The tight air cargo market in 2021 has been affected by excessive air cargo charges.

Despite beginning the yr at elevated ranges, the cargo charge moved upwards in H2- 2021, reaching new data in December, at virtually 150% above December 2019 ranges, contributing to the numerous enhance in air cargo revenues for airways lively within the sector.

In 2021, charges have been compounded by provide chain points, which made air cargo comparatively enticing in comparison with maritime transport.

There was a marked discount in container transport schedule reliability in 2021, and the relative value of container transport rose, although air stays total dearer for companies.

Supply chain problem in container transport is anticipated to stabilize by 2022-23, which will soften the air freight demand and charges.

Global air freight market is dominated by massive scale operators like – DHL, FedEx, UPS, DB Schenker, Kuehne + Nagel and DSV Panalpina occupied 71% of the market in 2021.

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Key Takeaways:

• In phrases of Value, the US is the present chief within the international air freight market because of robust demand for manufacturing exports and elevated penetration of superior applied sciences within the worth chain.
• European carriers have been considerably affected by provide chain, airport congestion and localized capability constraints
• Middle Eastern providers Reported a rise in worldwide demand of 10.6% in 2021 in comparison with 2019 and a fall in worldwide capability of 10.1%
• China was the most important contributor for Asia Pacific area pushed by the pharma phase

Freight charge developments

• In Dec 2021, The Global Average Air Freight charges have been ~+180%  ($8.65/Kg) in comparison with Dec 2019 ($3.1/Kg). In the forecast interval the worldwide common air freight charge is anticipated to come back down by 20% by 2027 ($5.8/Kg) in comparison with 2021 ($7.3/Kg)
• In 2021, North America had 27% market share within the Global Air Freight Market by way of quantity. The common air freight North America ($10.75/Kg) was 46% greater than Global common air freight charges ($7.32/Kg).
• The outbreak of recent variant Omicron has resulted in enhance of air freight charges which have been on the peak ultimately of 2021 and are actually consolidating from the start of 2022

Market Segmentation

By Geography

• North America
• Asia-Pacific
• Europe
• Middle East and Africa
• ROW( Rest of the World)

By Service

• Forwarding
• Express
• Mail
• Others

By Destination

By End-use

• E-commerce
• Express
• Mail
• Others

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COMPANIES PROFILED

1. • China Airlines Cargo 
   • FedEx Logistics 
   • Kuehne + Nagel 
   • DB Schenker 
   • DSV Panalpina 
   • Expeditors International 
   • UPS Airlines 
   • Cathay Pacific Cargo 
   • DHL Aviation 
   • Korean Air Caro 
   • Cargolux 
   • Lufthansa Cargo 
   • Singapore Airlines Cargo 
   • Emirates Sky Cargo 
   • Japan Airlines Co. Ltd. 
   • All Nippon Airways Co. Ltd. (ANA) 
   • CEVA Logistics 
   • International Consolidated Airlines Group SA

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