DUBLIN--(BUSINESS WIRE)--The "Air Freight Industry- Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
While land and ship cargo transportation remain as favorable options, goods transport by air is considered as the quickest and the unhindered mode of transportation. According to the airline association, IATA, cargo volumes grew by 4.1% to 63.7 million metric ton, in 2018. However, the industry forecast suggests that the number may decrease by 3.7%, to 65.9 million metric ton, in 2019.
In terms of freight-ton-kilometer (FTK), air freight recorded growth in March 2019 after three months of year-on-year declines. However, the cargo sector is expected to benefit from lower costs, in 2019. The overall cargo revenues are expected to reach USD 116.1 billion in 2019, up from USD 109.8 billion in 2018.
Companies Mentioned
- FedEx (Federal Express) Corporation
- United Parcel Service Inc.
- The Emirates Group
- Cathay Pacific Airways Limited
- Cargolux Airlines International SA
- China Airlines Ltd
- Japan Airlines Co. Ltd
- Qatar Airways Company QCSC
- Deutsche Lufthansa AG
- All Nippon Airways Co. Ltd (ANA)
- International Consolidated Airlines Group SA
- Magma Aviation Limited
- DHL International GmbH
- Nippon Express Co. Ltd
- Deutsche Bahn AG
- Kuehne + Nagel International AG
- Expeditors International
- Korean Air Lines Co. Ltd
- Singapore Airlines Limited
- AirBridgeCargo Airlines LLC
- Etihad Airways PJSC
- Multitrans Ltd
- British Airways PLC
- Asiana Airlines Inc.
- Panalpina Group
- Hellmann Worldwide Logistics GmbH & Co. KG
- Bollore Logistics LLC
- DSV AS
-
Yusen Logistics Co. Ltd
Key Market Trends
Emergence of E-commerce Propels Demand for Air Freight Services
Despite being a costlier mode of transportation, the increasing demand for perishables, chemicals, and valuables, as well as the rising demand for just-in-time production of goods, has created a massive demand for air freight services. Presently, air freight is being impacted by the rise of e-commerce from both B2B and B2C perspectives. The evolving e-commerce has put pressure on sales channels for faster delivery and an optimum supply chain. This scenario brings opportunities for the third-party logistics and warehousing services to integrate with the air e-commerce channel.
The major e-commerce players in the industry are disrupting the traditional logistics supply chain with some innovative measures, in order to become independent. Amazon seems to be leading this race by following a different strategy. With Amazon Flex, Seller Flex, or the Amazon Prime Air program, the retail giant is trying to dominate the supply chain for its own services. As a result, it can reduce costs and become independent of its current logistics service providers. As per the technical sources, the company is also offering shipping services to third parties that are not represented on its website.
North America is the Fastest-growing Air Cargo Market and Asia-Pacific Accounted for the Largest Share
As per the current statistical sources, North America registered significant growth rates in 2018. In terms of freight-ton-kilometer (FTK), North America grew by 6.4% in 2018, when compared to 2017, followed by Latin America (5.9%), which is significantly higher than the global average (3.5%). Airlines based in North America were the strongest performers in January 2019. A robust performance from the US economy, which supported job growth and consumer spending, has been an important contributor to the recent cargo market outcomes for carriers in this region.
The air freight industry is a key part of the transportation and logistics industry. With the growing e-commerce trends, the demand for air cargo services is increasing significantly and more cargo is moving across the North American borders, as well as to the other regions. The recovering economies of the Latin American countries, like Brazil and Argentina, boost air cargo trade between the two regions.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Current Market Scenario
4.2 Technology Snapshot and Digital Trends
4.3 Government Regulations and Initiatives
4.4 Insights into Cargo Carrying Passenger Lines and Their Belly Cargo Capacities
4.5 Spotlight on Key Commodities Transported by Air
4.6 Elaboration on Air Freight Rates
4.7 Spotlight on Heavy Cargo/Project Logistics in the Air Cargo Industry
4.8 Insights into Key Ground Handling Equipment in Airports
4.9 Review and Commentary on Standards and Regulations on the Safe Transport of Dangerous Goods
4.10 Impact of Cold Chain Logistics Businesses and Facilities on Air Cargo Industry
4.11 Drivers
4.12 Restraints
4.13 Porter's Five Forces Analysis
4.14 Industry Value Chain Analysis
5 MARKET SEGMENTATION
5.1 BY SERVICE
5.2 BY DESTINATION
5.3 GEOGRAPHY
5.3.1 Asia-Pacific
5.3.2 North America
5.3.3 Europe
5.3.4 Middle East & Africa
5.3.5 Latin America
6 PERSPECTIVES ON END USERS
7 COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration and Major Players)
7.2 Company Profiles
8 KEY VENDORS AND SUPPLIERS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
10 APPENDIX
For more information about this report visit https://www.researchandmarkets.com/r/ce6n6l
