Air Cargo Services Market Trends, Size, Strategies, Scope By 2024-2033

Overview and Scope Air cargo services are a mode of transportation that uses aircraft, such as planes and helicopters, to provide contract air transportation of cargo and mail over fixed international routes due to their ability to supply consumers all over the world with high-quality goods at reasonable prices.  Sizing and Forecast The air cargo services market size has grown strongly in recent years. It will grow from $66.1 billion in 2023 to $70.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.  The  growth in the historic period can be attributed to globalization of trade, time-sensitive shipments, manufacturing supply chains, automotive and electronics industry, oil and gas equipment transport. The air cargo services market size is expected to see strong growth in the next few years. It will grow to $90 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.  The growth in the forecast period can be attributed to evolving trade alliances, pharma cold chain logistics, customs and regulatory changes, energy transition equipment transport, space cargo and exploration. Major trends in the forecast period include smart cargo tracking solutions, ai and predictive analytics, digitalization of cargo handling, collaboration in air cargo alliances, unmanned aerial vehicles (uavs) for cargo delivery. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/air-cargo-services-global-market-report Segmentation & Regional Insights The air cargo services market covered in this report is segmented – 1) By Type: Air Mail, Air Freight     2) By Service: Express, Regular      3) By Destination: Domestic, International      4) By End-User: Consumer Electronics, Retail, Third Party Logistics, Food And Beverages, Pharmaceuticals And Healthcare, Other End Users     Asia-Pacific was the largest region in the air cargo services market in 2023. North America was the second largest region in the air cargo services market. The regions covered in the air cargo services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2245&type=smp Major Driver Impacting Market Growth The growing automotive industry is expected to propel the growth of the air cargo services market going forward. The automotive industry refers to a sector that involves various companies and organizations engaged in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. Air cargo services play a crucial role in the automotive industry by ensuring the timely delivery of critical components and spare parts, minimizing production delays, and supporting just-in-time manufacturing processes. For instance, in December 2022, according to MarkLines Co. Ltd., a US-based provider of online information services to the automotive industry, there were 1.287 billion units of light vehicles sold in the US in 2022, a 5.4% increase from the same month in 2021. Also, truck and SUV sales increased 5.3% from December 2021 to 1.02 billion units, while passenger car sales increased 5.7% to 0.266 billion units. Therefore, the growing automotive industry is driving the growth of the air cargo services market. Key Industry Players Major companies operating in the air cargo services market report are Amazon.com Inc., China Railway Corporation, UPS Airlines, United Parcel Service Inc., Deutsche Post AG, FedEx Corporation, A.P. Møller-Mærsk A/S, United States Postal Service, American Airlines, Delta Airlines, United Airlines, Kuehne + Nagel International AG, The Emirates Group, Indian Railways, JSC Russian Railways, International Consolidated Airlines Group SA, Qatar Airways Company QCSC, LATAM Airlines, Japan Airlines Co. Ltd., Cathay Pacific Airways Limited, Cargolux Airlines International SA, China Airlines Ltd., Cargill Incorporated, Aeromexico Cargo, Gol Airlines, Azul Airlines, Magma Aviation Limited, China Airlines Cargo, South African Airways Cargo, Thai Airways Cargo The air cargo services market report table of contents includes: 1. Executive Summary 2. Air Cargo Services Market Characteristics 3. Air Cargo Services Product/Service Analysis -Product/Service Examples 4. Air Cargo Services Market Trends And Strategies 5. Air Cargo Services Market - Macro Economic Scenario .. 68. Global Air Cargo Services Market Competitive Benchmarking 69. Global Air Cargo Services Market Competitive Dashboard 70. Key Mergers And Acquisitions In The Air Cargo Services Market 71.Air Cargo Services Market Future Outlook and Potential Analysis 72. Appendix Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info