Air freight is the shipment and transfer of goods via an air carrier that may be commercial or charter. The global air freight market grew by 6.9% Year-on-Year in 2017, which is more than its five-year average growth rate. The APAC region held the largest market share with more than 40% of the total market in 2016 and it increased by 7.5% Y-o-Y, with China leading with 15% of the total market share.
The global air freight market grew by 6.9% Y-o-Y in 2016, which is higher than its five-year average growth rate of 3.9%.
Recent developments, like the e-Freight program for paperless shipments, have been analyzed and their impact on the market is given. The program was launched by IATA in 2006 as part of the STB program, when e-freight became an industry-wide initiative, involving carriers, freight forwarders, shippers, and customs authorities.
The increasing economic activity and world trade is one of the most important economic drivers for the global air freight market. Although the economic conditions have been moderate in the past few years, they have recently starting improve. The APAC region holds the largest market share, accounting for more than 40% of the total market share in 2016, and it increased by 7.5% Y-o-Y, with China leading with 15% of the total market share, and which, is expected to continue in the future. Mature markets, like North America and Europe, have started to recover after the global economic meltdown and are displaying promising signs of growth.
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The global air freight market report is segmented by aircraft type and freight item. The aircraft type segment is further segmented into express, all cargo, ad hoc cargo & charter carrier, and combination. By freight item, the market is further segmented into pharmaceutical, machinery & electrical equipment, aircraft spare part, and others. The report provides an in-depth analysis of the air freight market across different geographical regions, viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, along with further country-wise segmentation.
The global air freight market report, includes competitive vendor landscape, along with analysis of major companies, such as-
o FedEx Express
o United Parcel Service
o Emirates Cargo
o Cathay Pacific Cargo
o Chinese Airlines (China Southern, China Airlines, Air China)
o ANA Cargo
o Qatar Airways Cargo
o Lufthansa Cargo
o Ethiad Cargo
o British Airways World Cargo
o Zela Aviation
o Magma Aviation
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