Global Air Cargo Industry

Global Air Cargo Industry

  • July 2020 •
  • 370 pages •
  • Report ID: 5817574 •
  • Format: PDF
Global Air Cargo Market to Reach 139.1 Billion freight tonne kilometers (FTK) by 2027

Amid the COVID-19 crisis, the global market for Air Cargo estimated at 114.3 Billion freight tonne kilometers (FTK) in the year 2020, is projected to reach a revised size of 139.1 Billion freight tonne kilometers (FTK) by 2027, growing at aCAGR of 2.8% over the period 2020-2027. Air Freight, one of the segments analyzed in the report, is projected to record 3% CAGR and reach 91.7 Billion freight tonne kilometers (FTK) by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Air Mail segment is readjusted to a revised 2.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at 30.9 Billion freight tonne kilometers (FTK), While China is Forecast to Grow at 5.3% CAGR

The Air Cargo market in the U.S. is estimated at 30.9 Billion freight tonne kilometers (FTK) in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 28.2 Billion freight tonne kilometers (FTK) by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.We bring years of research experience to this 15th edition of our report. The 370-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Cargolux Airlines International S.A.
  • China Airlines Ltd.
  • Deutsche Lufthansa AG
  • DHL Aviation
  • Emirates SkyCargo
  • FedEx Corporation
  • Korean Air Cargo
  • Singapore Airlines Cargo
  • United Parcel Service, Inc.