Aviation Freight & Cargo Market Trends and Forecast
The future of the global aviation freight & cargo market looks promising with opportunities in the commercial and private markets. The global aviation freight & cargo market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growth in e-commerce sector and expansion of global trade and international air cargo routes.
• Lucintel forecasts that general cargo is expected to witness the higher growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• North America is expected to witness highest growth over the forecast period.
United States: In the United States, the aviation freight and cargo market has seen significant developments driven by e-commerce growth and technological advancements. FedEx and UPS are expanding their fleets with new, more fuel-efficient freighters like the Boeing 767 and 747-8F. Additionally, both companies are investing heavily in automation and advanced tracking technologies to improve efficiency and customer service. The U.S. government supports these efforts with regulatory frameworks aimed at enhancing air cargo security and operational efficiency. Reports from the Federal Aviation Administration (FAA) and industry sources indicate a strong focus on meeting rising demand and improving sustainability in air cargo operations.
India: IndiaÄX%$%Xs aviation freight and cargo market is growing rapidly, supported by government initiatives and private sector investments. Companies like SpiceJet and Blue Dart Express are expanding their cargo fleets and enhancing logistics infrastructure. The Indian government, through the Ministry of Civil Aviation, has launched initiatives like the Krishi Udan Scheme to boost air freight for agricultural products, aiming to enhance the connectivity of remote areas. Data from the Airports Authority of India (AAI) and industry reports highlight the increasing role of air cargo in supporting the country’s economic growth and improving supply chain efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aviation Freight & Cargo by Segment
The study includes a forecast for the global aviation freight & cargo by cargo type, destination, service, end use, and region.
Aviation Freight & Cargo Market by Cargo Type [Shipment Analysis by Value from 2018 to 2030]:
• General Cargo
• Special Cargo
Aviation Freight & Cargo Market by Destination [Shipment Analysis by Value from 2018 to 2030]:
• Domestic
• International
Aviation Freight & Cargo Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• Express
• Freight
• Mail
Aviation Freight & Cargo Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Private
• Others
Aviation Freight & Cargo Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Aviation Freight & Cargo Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aviation freight & cargo companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aviation freight & cargo companies profiled in this report include-
• Asiana Airlines
• Bollore Logistics
• British Airways
• Cathay Pacific Airways
• Deutsche Lufthansa
• DHL International
• Fedex
Recent Development in the Aviation Freight & Cargo Market
FedEx: FedEx has announced a significant expansion of its air cargo fleet to meet the growing demand for global e-commerce. The initiative involves the acquisition of additional Boeing 767 and 777 freighters, which offer greater fuel efficiency and cargo capacity. FedEx is also investing in advanced technologies to enhance its logistics network, including automated sorting systems and real-time tracking capabilities. By expanding its fleet and leveraging cutting-edge technology, FedEx aims to improve operational efficiency and provide faster, more reliable service to its customers.
DHL Express: DHL Express has launched a major initiative to reduce its carbon footprint and enhance sustainability in its air freight operations. This includes the purchase of electric cargo planes from Eviation Aircraft, which are expected to significantly lower emissions. Additionally, DHL is investing in sustainable aviation fuel (SAF) and optimizing flight routes to reduce fuel consumption. The company’s initiative is part of its broader "Mission 2050" strategy to achieve zero emissions in logistics. DHLÄX%$%Xs focus on sustainability aims to address environmental concerns while maintaining high service standards in the cargo market.
UPS Airlines: UPS Airlines has undertaken a modernization initiative to upgrade its air cargo fleet with new Boeing 747-8F and 767 freighters. These aircraft offer enhanced fuel efficiency and lower operating costs, enabling UPS to handle increased cargo volumes more effectively. UPS is also investing in digital technologies such as predictive analytics and advanced tracking systems to improve supply chain visibility and efficiency. By modernizing its fleet and integrating digital solutions, UPS aims to enhance its competitive edge in the global air freight market.
Emirates SkyCargo: Emirates SkyCargo has announced a strategic expansion of its cargo operations, focusing on increasing its global network reach and capacity. The initiative includes the addition of new cargo routes and the conversion of passenger aircraft to freighters to meet rising demand. Emirates SkyCargo is also enhancing its pharmaceutical logistics capabilities with specialized temperature-controlled containers and advanced monitoring systems to ensure the safe transport of medical supplies and vaccines. This expansion aims to capitalize on the growing demand for reliable and efficient air cargo services, particularly in emerging markets.
Cathay Pacific Cargo: Cathay Pacific Cargo has introduced an innovative initiative to boost efficiency and reduce costs in its cargo operations. The initiative involves the implementation of a new digital booking platform, which streamlines the booking process and provides real-time visibility of cargo shipments. Additionally, Cathay Pacific Cargo is investing in automation and robotics to improve handling efficiency at its cargo terminals. By adopting digital solutions and automation, Cathay Pacific Cargo aims to enhance customer experience and optimize its operational efficiency in the competitive air cargo market.
Features of the Global Aviation Freight & Cargo Market
Market Size Estimates: Aviation freight & cargo market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aviation freight & cargo market size by various segments, such as by cargo type, destination, service, end use, and region in terms of value ($B).
Regional Analysis: Aviation freight & cargo market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different cargo types, destinations, services, end uses, and regions for the aviation freight & cargo market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aviation freight & cargo market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for aviation freight & cargo market?
Answer: The global aviation freight & cargo market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the aviation freight & cargo market?
Answer: The major drivers for this market are growth in e-commerce sector and expansion of global trade and international air cargo routes.
Q3. What are the major segments for aviation freight & cargo market?
Answer: The future of the aviation freight & cargo market looks promising with opportunities in the commercial and private markets.
Q4. Who are the key aviation freight & cargo market companies?
Answer: Some of the key aviation freight & cargo companies are as follows:
• Asiana Airlines
• Bollore Logistics
• British Airways
• Cathay Pacific Airways
• Deutsche Lufthansa
• DHL International
• Fedex
Q5. Which aviation freight & cargo market segment will be the largest in future?
Answer: Lucintel forecasts that general cargo is expected to witness the higher growth over the forecast period.
Q6. In aviation freight & cargo market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aviation freight & cargo market by cargo type (general cargo and special cargo), destination (domestic and international), service (express, freight, and mail), end use (commercial, private, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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