Air Cargo Services Market Growth to be Driven by Emerging Trends | $107.14 Billion by 2029

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What is the Projected Market Size of the Air Cargo Services Industry?
There has been significant expansion in the air cargo services market in previous years. Its size is projected to rise from $77.06 billion in 2024 to $81.83 billion in 2025, registering a compound annual growth rate (CAGR) of 6.2%. This upward trend during the historical period can be linked to the globalisation of commerce, shipments with strict deadlines, production supply chains, industries such as automotive and electronics, as well as the transportation of oil and gas equipment.

What Will Be the Size of the Air Cargo Services Market by 2029?
The market size of air cargo services is anticipated to witness robust expansion in the upcoming years. By 2029, it's predicted to escalate to $107.14 billion, with a Compound Annual Growth Rate (CAGR) of 7.0%. The projected growth during the forecast period can be linked with the shifting trade affiliations, regulatory changes, pharma cold chain logistics, transportation of energy transition equipment, plus space cargo and exploration. The prominent trends in the predict period are set to include intelligent cargo tracking systems, AI and predictive analytics, digital transformation of cargo handling, collaborations within air cargo alliances, and the use of unmanned aerial vehicles (UAVs) for cargo delivery.

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What Are the Key Drivers Accelerating Growth in the Air Cargo Services Market?
The expansion of the automotive sector is anticipated to spur the development of the air cargo services industry. The automotive sector encompasses a variety of firms and associations involved in the conception, creation, manufacturing, promotion, sale, repair, and alteration of vehicles. Air cargo services are essential in the automotive sector, guaranteeing the swift arrival of vital components and spares, reducing production hold-ups, and aiding just-in-time manufacturing procedures. For example, a report from the International Trade Administration, a Canadian organization, revealed that the total value of Canadian automotive local production in 2022 was 64,565, an increase from last year's 54,892. Therefore, the expansion of the automotive sector is fuelling the development of the air cargo services industry.

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How Is the Air Cargo Services Market Segmented by Type, Application, and Region?
The air cargo services market covered in this report is segmented -

1) By Type: Air Mail, Air Freight
2) By Service: Express, Regular
3) By Destination: Domestic, International
4) By End-User: Consumer Electronics, Retail, Third Party Logistics, Food And Beverages, Pharmaceuticals And Healthcare, Other End Users

Subsegments:
1) By Air Mail: Domestic Air Mail Services, International Air Mail Services, Express Air Mail Services
2) By Air Freight: Standard Air Freight Services, Expedited Air Freight Services, Heavy And Oversized Air Freight Services, Temperature-Controlled Air Freight Services, Charter Air Freight Services

What Are the Key Trends Driving Growth in the Air Cargo Services Market?
Notable enterprises in the air cargo services sector are intensifying their efforts towards incorporating logistics and delivery network cargo services to solidify their market position. These services encompass a wide array of tasks and solutions in the supply chain and transportation sector, involving the administration, transit, and processing of commodities, materials, and goods throughout different stages in the supply chain, from manufacturing and storage to distribution and delivery to end-consumers. To illustrate, in January 2023, Amazon Air, a cargo airline from the United States, inaugurated its exclusive air cargo fleet, Amazon Air, in India. This moved positioned Amazon as the pioneer e-commerce entity in India with its own air network. Amazon Air will leverage the cargo ability of two Boeing 737-800 planes managed by Quikjet Cargo Airlines. Each aircraft under Amazon Air will transport thousands of packages daily across Hyderabad, Bengaluru, Delhi, and Mumbai. This development will speed up the shipments of goods from Amazon's fulfillment hubs to final delivery points.

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Who Are the Leading Companies Driving Growth in the Air Cargo Services Market?
Major companies operating in the air cargo services market include Amazon.com Inc., UPS Airlines, United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, United States Postal Service, American Airlines, Delta Airlines, United Airlines, Kuehne + Nagel International AG, The Emirates Group, International Consolidated Airlines Group SA, Qatar Airways Company QCSC, LATAM Airlines, Japan Airlines Co. Ltd., Cathay Pacific Airways Limited, Cargolux Airlines International SA, China Airlines Ltd., Cargill Incorporated, Aeromexico Cargo, Azul Airlines, Magma Aviation Limited, China Airlines Cargo, South African Airways Cargo, Thai Airways Cargo

Which Is the Leading Region in the Global Air Cargo Services Market?
Asia-Pacific was the largest region in the air cargo services market in 2024. North America was the second largest region in the air cargo services market. The regions covered in the air cargo services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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