Cargo Airlines Market
Cargo Airlines Market Study by Scheduled Airfreight Transportation, Airfreight Transportation Integrated Services, and Charter Airfreight Transportation From 2024 to 2034
Analysis of Cargo Airlines Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cargo Airlines Market Outlook (2024 to 2034)
The global cargo airlines market is currently valued at around US$ 157.2 billion and is forecasted to expand at a CAGR of 6.5% to reach US$ 296.58 billion by 2034.
To be competitive, shops are providing speedier delivery choices as more customers choose online shopping for convenience. Because airfreight offers the speed and efficiency required to satisfy customer expectations, businesses are prioritizing it in response to this need for expedited transportation. In addition, the dependency on airfreight has increased due to the growth of same-day and next-day delivery services, particularly for expensive and urgent goods.
To facilitate the rise of e-Commerce, major logistics companies are making significant investments in their air transport capabilities, and establishing specialized networks for faster shipment. Therefore, these factors are changing logistics tactics and elevating airfreight to a crucial role in contemporary supply chains.
The International Aviation Transport Association (IATA) reports that worldwide aviation freight traffic increased by 10.3% annually in December 2023. This illustrates the market growth rate's trend. As countries become more interconnected and free trade agreements are established, the growth of international commerce has been a major factor driving the air cargo business. The need for air transportation of commodities has increased, especially for low-volume and high-value products, as companies want to reach new markets.
Compared to other forms of transportation, air cargo allows for quicker transit times, which improves supply chain efficiency and allows for on-time delivery. Since rising economies frequently depend on air transportation to export products rapidly, their increasing involvement in international commerce further increases airfreight volumes. The importance of airfreight in facilitating global trade is shown by this interdependence.
| Report Attributes | Details |
|---|---|
| Cargo airlines Market Size (2024E) | US$ 157.2 Billion |
| Forecasted Market Value (2034F) | US$ 296.58 Billion |
| Global Market Growth Rate (2024 to 2034) | 6.5% CAGR |
| North America Market Value (2024E) | US$ 36.39 Billion |
| East Asia Market Growth Rate (2024 to 2034) | 5.9% CAGR |
| Charter Airfreight Transportation Segment Value (2024E) | US$ 5.77 Billion |
| Europe-Asia Route Segment Value (2034F) | US$ 55.74 Billion |
| Key Companies Profiled | FedEx Corporation; UPS Airlines; Qatar Airways Cargo; Emirates SkyCargo; DHL International GmbH; Cathay Pacific Cargo; Singapore Airlines Cargo; Lufthansa Cargo; ANA Cargo; Etihad Cargo; Korean Air Cargo |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What is Becoming a Major Factor of Rising Cargo Airlines Sales?
“Increasing Requirements for More Control Over Logistics Pushing Cargo Airlines Demand”
Because of the growing need for visibility and control over shipments, businesses in the airfreight industry are progressively using sophisticated monitoring and intervention systems. Logistics companies are using smarter technology to control disruption and compliance concerns as supply networks grow more intricate and worldwide.
By anticipating possible delays, these technologies also help businesses streamline processes, cut expenses, and better allocate resources. Furthermore, the requirement for accurate cargo tracking and control is fueled by the increased focus on just-in-time delivery systems. Further, these developments give a competitive edge in a market that is more congested while also improving service dependability.
FedEx, for example, unveiled "FedEx Surround," an automated technology for tracking and handling sensitive packages, in August 2024. This cutting-edge system offers near real-time data analytics and continuous tracking by utilizing sophisticated sensor technologies, such as SenseAware ID. Compared to conventional techniques, tracking frequency is greatly increased by compact sensors, which communicate package positions every two seconds.
The system is anticipating such disturbances by utilizing artificial intelligence and machine learning, which permits proactive decision-making. FedEx Surround provides a dashboard for predictive analytics and worldwide visibility in addition to round-the-clock, committed support staff. Targeting industries including healthcare, aerospace, and technology, the service was first introduced in Singapore and Hong Kong and soon spread to other Asian countries, further contributing to the overall expansion of the cargo airlines market growth.
“Biopharmaceutical Companies Extensively Requiring Cargo Airlines for Better Supply Chain”
According to Pelican Bio Thermal's 2019 Biopharma Cold Chain Logistics Survey, by the end of 2022, cold-chain handling is becoming more necessary for 30 of the top 50 biopharmaceutical production companies worldwide. To meet the demands of the expanding market operations, air cargo service providers are making significant technological advancements.
These elements are supported by the expansion of the e-Commerce industry, which is offering the market future development opportunities. Throughout the current projection period, the Air Cargo Market's operations are improving by increasing imports and exports.
What is Pushing Away the Opportunities from the Market Players?
“Significant Operational Cost and Dependency on Crude Oil”
The high operational expenses of logistics and transportation are a significant obstacle for the airfreight sector. Significant costs associated with airfreight include labor, fuel, and maintenance, and these costs are changing depending on the state of the economy and the price of oil globally. It is surely challenging for businesses to stay competitive while preserving service quality because of these growing expenses as they are affecting pricing strategies and reducing profit margins.
Carriers must spend on cutting-edge technologies and training to fulfill strict standards, which adds to the cost burden of regulatory compliance and security requirements. Businesses are under increasing pressure to offer cost-effective solutions as e-Commerce demand rises, which compels them to come up with creative methods to cut costs and streamline processes. It is still very difficult to balance these expenses with the demands of speed and dependability in the air.
Crude oil is used in freight aircraft. Global market operations are hampered by an increase in crude oil prices going forward, which concludes in 2025. In addition, the cost of shipping goods by airfreight is expensive, which is further hindering the market's ability to expand globally, according to forecasts made by industry experts. Because crude oil is costly, its prudent usage necessitates significant infrastructure and investment. According to market experts and industry executives, all of these aspects are causing problems and adversely affecting the expansion of the cargo airlines market size.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-wise Insights
Globalization is a major factor pushing demand for cargo airlines as several suppliers and distributors want to import and export their products in diverse parts of the country. Some of the major countries contributing to this market include the United States, China, Mexico, and South Korea. The United States market is forecasted to hold a significant cargo airlines market share in North America.
Why Manufacturers in the United States are Making Huge Profits?
“Demand for High Tech Products Globally Increasing the Exports by Cargo Airlines Made in the United States”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 32.63 Billion |
| Growth Rate (2024 to 2034) | 6.7% CAGR |
| Projected Value (2034F) | US$ 67.43 Billion |
The significant profits enjoyed by manufacturers in the United States are becoming largely attributed to the increasing global demand for high-tech products. As technology continues to evolve rapidly, manufacturers in the United States are well-positioned to capitalize on this trend with innovative products that cater to international markets. The strength of the U.S. dollar also plays a crucial role, allowing products to maintain competitive pricing overseas.
The efficiency of cargo airlines in exporting these products is enhancing market access, enabling manufacturers to ship high-value goods quickly to global consumers. This accelerated delivery process, which not only satisfies consumer demand but also solidifies relationships with international partners. Furthermore, manufacturers are investing in automation and advanced manufacturing technologies, further improving productivity and profitability. This convergence of global demand, rapid transit via cargo airlines, and technological advancements are creating a robust environment for manufacturers to thrive.
What is the Reason Behind the Growing Demand for Cargo Airlines in China?
“Economic Prices of Raw Materials Escalating the Requirements for Cargo Airlines”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 18.31 Billion |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 41.23 Billion |
China's growing demand for cargo airlines is traced to its strategy of exporting raw materials at competitive rates on a global scale. As the world's largest exporter, China leverages its abundant resources to supply several industries, making it essential for cargo airlines to facilitate swift and efficient transportation. The country's vast manufacturing capabilities are leading to an increase in raw material exports, including metals, textiles, and electronics, which are in high demand around the world.
The ability of cargo airlines to handle large volumes and offer fast shipping solutions are making them a critical component of China's export infrastructure. Moreover, the rise of e-Commerce is further stimulating the need for reliable logistics services. As companies increasingly seek to meet customer demands for quicker delivery, the role of cargo airlines becomes even more significant, ensuring that China's products reach international markets promptly and efficiently.
Category-wise Analysis
Manufacturers in the market are introducing several products and services to satisfy customers’ needs. Some of the most prominent products and services available in the market are scheduled airfreight transportation, airfreight transportation integrated services, and charter airfreight transportation.
Which Products and Services are Widely Popular Among Several Sellers Globally?
“Scheduled Airfreight Transportation Making More Revenues Compared to Other Available Cargo Airlines”
| Attribute | Scheduled Airfreight Transportation |
|---|---|
| Segment Value (2024E) | US$ 90.22 Billion |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 177.9 Billion |
Scheduled airfreight transportation is emerging as a leading service among cargo airlines, generating significant revenue compared to other offerings. This popularity is attributed to its reliability and speed, which are critical for businesses in diverse sectors, particularly e-Commerce, pharmaceuticals, and technology. Scheduled services allow companies to plan shipments effectively, ensuring time-sensitive deliveries and enhancing supply chain efficiency.
As more customers turn to online shopping, the demand for consistent and timely air transport services is at an all-time high. Moreover, the ability to track shipments in real-time and provide transparency adds a layer of trust for businesses and consumers alike. This is leading logistics providers to optimize their scheduled offerings, creating tailored solutions to meet the unique needs of different sellers. Therefore, the air cargo market continues to evolve, prioritizing scheduled transportation as a core component of its service portfolio.
What are the Major Markets Which has High Requirements for Cargo Airlines?
“Frequent Use of Domestic and Regional Routes Compared to Global Ones for Cargo Transportation”
| Attribute | Domestic & Regional Routes |
|---|---|
| Segment Value (2024E) | US$ 58.24 Billion |
| Growth Rate (2024 to 2034) | 6.8% CAGR |
| Projected Value (2034F) | US$ 121.07 Billion |
Domestic and regional routes are increasingly prioritized for cargo transportation over global routes, driven by a high demand for timely deliveries within localized markets. Companies seeking efficiency in supply chains favor these shorter routes, which enable quicker transit times and reduced logistics costs. Industries, such as e-Commerce, healthcare, and manufacturing rely on air cargo to transport goods swiftly, ensuring that products are available to consumers and businesses without delay.
The growing trend of just-in-time delivery has also amplified the need for reliable air services on domestic and regional routes, allowing companies to maintain lean inventory levels while meeting customer expectations. Furthermore, as regional trade agreements and e-Commerce platforms expand, the demand for enhanced air transport capabilities within the domestic market is increasing.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the cargo airlines market are focusing on adding new products and innovations, some of these innovations include cargo drones and cargo nets.
- FedEx unveiled "FedEx Surround," a cutting-edge real-time shipping monitoring tool, in August 2024. The system offers continuous tracking and predictive interventions with SenseAware ID sensors and data analytics. With AI-driven insights, it allows for near real-time location updates every two seconds, facilitating quick reactions to possible interruptions. It is now offered in Singapore and Hong Kong and will soon be accessible in China, Japan, and Australia, among other Asian countries. This service is intended for companies that need just-in-time delivery and proactive cargo management and offers choices specifically geared for healthcare, aerospace, and tech clients.
Fact.MR provides detailed information about the price points of key manufacturers of cargo airlines positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of Cargo Airlines Market Research
-
By Product & Service :
- Scheduled Airfreight Transportation
- Airfreight Transportation Integrated Services
- Charter Airfreight Transportation
-
By Major Market :
- Domestic & Regional Routes
- Asia-North America Routes
- Europe - Asia Routes
- Other Long Haul Routes
- Europe - North America Routes
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Products And Services 6.2. Major Markets 7. Global Market Analysis and Forecast, By Products And Services 7.1. Scheduled Airfreight Transportation 7.2. Airfreight Transportation Integrated Services 7.3. Charter Airfreight Transportation 8. Global Market Analysis and Forecast, By Major Markets 8.1. Domestic and Regional Routes 8.2. Asia - North America Routes 8.3. Europe - Asia Routes 8.4. Other Long Haul Routes 8.5. Europe - North America Routes 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. East Asia 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Products And Services and Major Markets for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. FedEx Express 19.2. UPS Airlines 19.3. DHL Aviation 19.4. Cathay Pacific Cargo 19.5. Lufthansa Cargo 19.6. Korean Air Cargo 19.7. Singapore Airlines Cargo 19.8. Qantas Freight 19.9. Emirates SkyCargo 19.10. Amazon Air
Don't Need a Global Report?
save 40%! on Country & Region specific reports
- FAQs -
How big is the cargo airlines market in 2024?
The global market for cargo airlines is estimated at US$ 157.2 billion in 2024.
What is the sales value of cargo airlines in the United States?
Sales of cargo airlines in the United States are approximated at US$ 32.63 billion in 2024.
What is the demand projection for cargo airlines by 2034?
Demand for cargo airlines is forecasted to reach a market value of US$ 296.58 billion by the end of 2034.
Who are the leading cargo airline manufacturers?
Leading manufacturers of cargo airlines are FedEx Corporation, UPS Airlines, and Qatar Airways Cargo.
What are the projections for the domestic and regional routes?
Demand for domestic and regional routes is projected to advance at a CAGR of 6.8% and reach US$ 121.07 billion worth by 2034.
How is the market for cargo airlines escalating in Japan?
The market in Japan has been projected to expand at 3.3% CAGR through 2034.
Cargo Airlines Market