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(USGovernment-News.Com, May 03, 2019 ) The global air cargo market valued at US$ 102.00 Bn in 2018 and is expected to grow at a CAGR of 4.1% during the forecast period 2019 – 2027, to account to US$ 145.20 Bn by 2027.
In 2018, Asia-Pacific dominated the global air cargo market with more than one-third of the market share surpassing Europe, with China and Japan being the leading countries in this region. This growth in demand for air cargo in this region is attributed to robust economic growth along with growing retail enactment owing to the rising disposable income. Moreover, foreign manufacturers select Asian countries as their production locations due to the availability of cheap labor.
Company Profiles DHL International GmbH Lufthansa Cargo AG FedEx Emirates SkyCargo Cargolux Cathay Pacific Airways United Parcel Service of America, Inc. ANA Cargo EtihadCargo Zela Aviation The Air Charter Company
The services provided by air cargo firms to e-commerce business are data management, real-time tracking, safe transportation, reduced time, and others. There are numerous benefits related to e-commerce and it can get fulfilled if the company deliver to its customer on time. The air cargo plays a key role in the e-commerce ecosystem. With the increasing number of online customers and increasing cross border sales, the demand for air cargo is expected to surge during the forecast period.
Global Air cargo Market - By Type Air Mail Air Freight
Global Air Cargo Market - By Service Express Regular
Global Air Cargo Market - By End-user Retail Pharmaceutical & Healthcare Food & Beverage Consumer Electronics Automotive Others
Global Air Cargo Market - By Geography North America U.S. Canada Mexico Europe France Germany UK Italy Spain Rest of Europe Asia Pacific (APAC) India Australia China Japan Rest of APAC Middle East & Africa (MEA) Saudi Arabia UAE South Africa Rest of MEA South America (SAM) Brazil Rest of SAM
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