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Air Cargo Market to Expand at a CAGR of 4.9% by 2025, Due to Growing Effective Options for Goods Transportation, Noted TMR

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News provided by

Transparency Market Research

29 Apr, 2019, 09:32 GMT

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ALBANY, New York, April 29, 2019 /PRNewswire/ -- The global air cargo market features a fragmented competitive landscape, Transparency Market Research (TMR) estimated during a detailed study. Some of the prominent players including Cathay Pacific Cargo, UPS Airlines, FedEx Express, DHL Aviation, and Korean Air Caro are dominating the global air cargo market.

These players are operating in a wide range of services such as chartered services, all-cargo airlines, and combination airline services. In addition, the topnotch companies are likely to explore untapped areas, which are helping them account for a leading share in the global air cargo market. Additionally, these players are strategizing and planning to expand their businesses.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=35111

According to TMR, the global air cargo market is assessed to expand at an impressive CAGR of 4.9% over the forecast period from 2017 to 2025. With this vigorous CAGR, the market is expected to attain a value of US$130.12 bn by 2025-end. Based on the type, the air freight segment dominated the global air cargo market and is expected to retain its dominance over the forecast period. The market is estimated to account for major market by end of the forecast period and is estimated to collect revenue of nearly US$98.81 bn by 2020-end. Based on the end-user, the pharmaceuticals and healthcare segment accounted for a leading share and is expected to remain the dominant segment in the air cargo market by the end of the forecast period. Regionally, Asia Pacific dominated the market and the region is expected to expand with the most lucrative growth rate over the forecast period.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35111 

Growing Adoption of the Faster Shipping Methods to Boost Market

Transportation of goods from one destination to another through air is a basic idea of air cargo. Growing demand for the transportation of goods is driving the growth of the global air cargo market. Further, implementation of favorable policies and strategies such as 'Open Skies' is encouraging growth of the market too. Open skies are international policies, which liberalize the rules present in the aviation industry and impact favorably on growth of the air cargo market. Moreover, growing support from the government in the form of these policies is resulting in creation of numerous opportunities for growth of the air cargo market in the coming future.

Additionally, air transport has been considered effective for shipping perishable, pharmaceutical products, and important chemicals. It offers the benefits such as timely delivery and temperature-controlled transportation for most goods. In addition, a growing reliance and capability of investing more for adopting air cargo services is occurring all over the globe, which is propelling growth of the air cargo market.

Have Any Query? Ask Our Industry Expert: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=35111

The Trend of JIT to Remain Same and Create Opportunities for Growth

Despite these factors, rising prices of aviation fuel coupled with political instability in numerous countries are restraining growth of the market to some extent. Nonetheless, growing demand for quick and prominent shipping methods across the globe due to expanding the e-commerce sector is offering numerous growth opportunities. Further, the emergence of just-in-time (JIT) manufacturers is encouraging the manufacture of goods just before shipping it, thus facilitating timely delivery. This system reduces the cost of the inventory and improves operation efficacy. This current trend in the market is boosting the air cargo market and is expected to remain the same in the forthcoming years. Additionally, it is expected to create lucrative opportunities for the growth of the global air cargo market in the years to come.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=35111

This information is encompassed in the report by TMR, titled, "Air Cargo Market (Type - Air Freight and Air Mail; Service - Express, Regular), End User - Consumer Electronics, Retail, Third Party Logistics, Food and Beverages, Pharmaceuticals and Healthcare; Destination - Domestic and International) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025."

Browse Press Release at: https://www.transparencymarketresearch.com/pressrelease/air-cargo-market.htm

For the study, the Air Cargo Market has been segmented as follows:

Component

  • Air Freight
  • Air Mail

Service

  • Express
  • Regular

 End-user

  • Consumer Electronics
  • Retail
  • Third Party Logistics
  • Food and beverages
  • Pharmaceuticals and healthcare
  • Others

Destination

  • Domestic
  • International

Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com 
Research Blog: http://www.europlat.org/

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