Global Air Cargo Market : Key Players, Growth, Analysis 2019 to 2025
Air Cargo Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of air cargo market by by component (air freight, and air mail), service (express, and regular), end-user (consumer electronics, retail, third party logistics, food and beverages, pharmaceuticals and healthcare, and other end-users) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the air cargo market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global air cargo market are Cathay Pacific Cargo, FedEx Express, UPS Airlines, DHL Aviation, Korean Air Caro, Lufthansa Cargo, China Airlines Cargo, Singapore Airlines Cargo, Emirates SkyCargo, Cargolux, and Other companies. The global air cargo market is projected to grow at a CAGR of 4.6% over the forecast period of 2019-2025.
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Increasing Development and Transactions in the E-Commerce and Pharmaceutical Sectors are the Major Growth Factor of the Air Cargo Market
Increasing development and transactions in the e-commerce and pharmaceutical sectors are the major growth factor of the air cargo market. Furthermore, factors such as continuous developments across information technologies sector in compliance with the regulations of air cargo business and focus on employee progress through frequent training and targets, and business intelligence services are other driving factors of the market. Rising demand for the transportation of goods is fueling the growth of the global air cargo market.
The lucrative growth of the infrastructure for cargo hubs across various countries is boosting the market growth. However, increasing prices of aviation fuel coupled with political instability in numerous countries hindering the growth of the market. Moreover, the growing demand for quick and prominent shipping methods across the world due to expanding the e-commerce sector is expected to provide wide opportunities to the market players.
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Asia-Pacific Dominates the Global Air Cargo Market
Geographically, Asia-Pacific dominates the global air cargo market due to the growing demand for online retail stores, specifically fashion stores and rising demand for the just-in-time production of goods. E-commerce trade in Asia-Pacific is increasing rapidly as a result of major focus to meet the delivery needs of their customers thereby positively influencing the market. The investments in this industry will pose lucrative growth opportunities for market players over the forecast period.
Air Cargo Market: Segmentation
The report on global air cargo market covers segments such as component, service, and end-user. On the basis of component, the sub-markets include air freight, and air mail. On the basis of service, the sub-markets include express, and regular. On the basis of end-user, the sub-markets include consumer electronics, retail, third party logistics, food and beverages, pharmaceuticals and healthcare, and other end-users.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the air cargo.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.