Air Freight Market Forecast 2020-2027 : $270.2 Billion in 2019 to $376.8 Billion by 2027, with a CAGR of 5.6%
PORTLAND, OREGAON, UNITED STATES, June 24, 2024 /EINPresswire.com/ -- According to a recent report published by Allied Market Research, titled, "Air Freight Market by Service, Destination, and End-Use: Opportunity Analysis and Industry Forecast, 2020-2027,"
๐๐ข๐ซ ๐ ๐ซ๐๐ข๐ ๐ก๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐๐ญ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐๐-๐๐๐๐ :
The global air freight market was valued at $270.2 billion in 2019, and is projected to reach $376.8 billion by 2027, registering a CAGR of 5.6%.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/6786
Rapid shipment delivery as compared to other logistics solutions and rise in prominence of consolidated air freight service fuel the growth of the global air freight market. However, expensive nature of air freight solutions and stringent regulations restrain the market growth. Contrarily, considerable growth of the e-commerce sector and advancements in technologies offer new opportunities in the coming years.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐๐๐๐ซ๐ฌ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ซ ๐๐ซ๐๐ข๐ ๐ก๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฌ๐๐ซ๐ฏ๐ข๐๐, ๐๐๐ฌ๐ญ๐ข๐ง๐๐ญ๐ข๐จ๐ง, ๐๐ง๐ ๐ฎ๐ฌ๐, ๐๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง :
By end use, the commercial segment contributed to highest market share in 2019, accounting for nearly 90% of the global air freight market, and will maintain its lead position during the forecast period. However, the private segment is projected to witness the highest CAGR of 8.8% from 2020 to 2027.
By service, the freight segment accounted for the largest market share in 2019, contributing to around three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. However, the express segment is expected to portray the largest CAGR of 7.2% from 2020 to 2027.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/air-freight-market/purchase-options
By region, Asia-Pacific held the highest share in 2019, accounting for nearly two-fifths of the total market share, and will maintain its dominance in terms of revenue by 2027. Moreover, this region is estimated to register the highest CAGR of 6.3% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ :
The stringent lockdown measures imposed by governments affected the air freight delivery services as interstate and international flights were banned.
The air freight capacity declined considerably, so various carriers have been implementing different strategies such as airplane transformations and chartered flights to gain the optimum benefit of the situation.
During the initial stages of lockdown, there were delays in air freight delivery services. However, the services would resume with schedules of flights getting back on track.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/6786
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ :
Bollorรฉ Logistics
DB SCHENKER (Deutsche Bahn Group (DB GROUP))
Deutsche Post AG (DHL GROUP)
DSV Panalpina
Expeditors International of Washington, Inc.
FedEx
Hellmann Worldwide Logistics
Kuehne+Nagel International AG
Nippon Express
United Parcel Service, Inc. (UPS)
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
๐๐๐ญ๐ข๐ง ๐๐ฆ๐๐ซ๐ข๐๐ ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
https://www.alliedmarketresearch.com/latin-america-logistics-market-A07185
๐
๐จ๐ฎ๐ซ๐ญ๐ก ๐๐๐ซ๐ญ๐ฒ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
https://www.alliedmarketresearch.com/fourth-party-logistics-market
๐๐๐ซ๐๐ก๐จ๐ฎ๐ฌ๐ข๐ง๐ ๐๐ง๐ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
https://www.alliedmarketresearch.com/warehousing-and-distribution-logistics-market-A11526
๐๐ซ๐๐๐ง ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
https://www.alliedmarketresearch.com/green-logistics-market-A84427
๐๐ซ๐จ๐ง๐ ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
https://www.alliedmarketresearch.com/drone-logistics-market-A10272
๐๐ฉ๐๐๐ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
https://www.alliedmarketresearch.com/space-logistics-market-A47401
David Correa
Allied Market Research
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