Air Cargo Market

ID: MRFR/PNT/6799-HCR

133 Pages

Snehal Singh

October 2025

Air Cargo Market Research Report Information by Type (Air Freight and Air Mail), Service (Express and Regular), Destination (Domestic and International), End User (Retail, Food & Beverages, Pharmaceutical and Healthcare, Consumer Electronics, Automotive and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2035

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Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Air Cargo Market Summary

As per Market Research Future Analysis, the global air cargo market was valued at USD 140.94 billion in 2023 and is projected to grow to USD 216.29 billion by 2032, with a CAGR of 4.97% from 2024 to 2032. The market is driven by technological advancements, increasing e-commerce demand, and the transportation of high-value items. However, rising crude oil prices and high operational costs pose significant challenges. The Asia-Pacific region holds the largest market share, driven by e-commerce growth, while North America and Europe follow. The pandemic impacted operations but government investments are aiding recovery.

Key Market Trends & Highlights

The air cargo market is witnessing transformative trends driven by technology and e-commerce.

Market size in 2023: USD 140.94 billion; projected to reach USD 216.29 billion by 2032.
CAGR during 2024-2032: 4.97%; driven by technological advancements and e-commerce.
January 2024 saw a 10% year-on-year increase in air cargo volumes.
Pharmaceutical and healthcare sectors dominate end-user market share.

Air Cargo Market

CAGR

4.97%

Market Size & Forecast

2023 Market Size	USD 140.94 Billion
2032 Market Size	USD 216.29 Billion
CAGR (2024-2032)	4.97%

Major Players

Key players include Qatar Airways, Etihad Airways, DHL International GmbH, FedEx, and United Parcel Service.

Air Cargo Market Drivers

E-commerce Growth

The rapid expansion of e-commerce is a primary driver of the Global Global Air Cargo Market Industry. As online shopping continues to gain traction, the demand for fast and reliable shipping solutions escalates. In 2024, the market is projected to reach 146.7 USD Billion, largely fueled by e-commerce giants requiring efficient logistics to meet customer expectations. This trend is expected to persist, with the market anticipated to grow to 250.2 USD Billion by 2035, reflecting a compound annual growth rate of 4.97% from 2025 to 2035. The need for air cargo services to facilitate quick deliveries is thus becoming increasingly critical.

Key Companies in the Air Cargo Market market include

Industry Developments

February 2022

AP Moller-Maersk AS will be paying around USD 1.6 billion for the acquisition of Pilot Freight, a first, middle & last mile solutions developer with a focus on the bulky and big air freight segment. Maersk is one of the biggest container shipping firms in the world, shipping almost 12 million containers every year, with extensive services, including air freight, inland shipping, ocean transport, and intercontinental rail.

February 2022

Flexport places an advanced purchase order for Natilus’s two large-scale cargo UAV designs, which is the 100t pitting cargo drone technology that could give competition to traditional aircraft. The company is working on developing the first-ever purpose-designed autonomous aircraft to be used for air freight transport.

Future Outlook

Air Cargo Market Future Outlook

The Global Air Cargo Market is projected to grow at a 4.97% CAGR from 2024 to 2035, driven by e-commerce expansion, technological advancements, and increasing demand for fast logistics solutions.

New opportunities lie in:

Invest in automation technologies to enhance operational efficiency and reduce costs.
Develop sustainable air cargo solutions to meet growing environmental regulations.
Expand into emerging markets to capture new customer segments and increase market share.

By 2035, the Global Air Cargo Market is poised for robust growth, reflecting evolving logistics demands and innovative service offerings.

Market Segmentation

Report Overview

Intended Audience

Regulatory Bodies, Research Institutes
Air Cargo Companies
Government Authorities,
Information Technology Companies
Aircraft Manufacturers

Market Segmentation

Regional Analysis

When it comes to regional segmentation of the air cargo market, the report studies prominent regions, viz. the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the global market is held by the Asia-Pacific region, owing to the increasing growth of the e-commerce industry in countries like India, Australia, and China.
The second-largest market share in the global market is held by the North American region owing to the presence of various market key players driving the market demand to this region. Moreover, an increase in per capita disposable income is another factor that drives market demand.
The third-largest market share in the global market operations is to be held by the European region. The main reason behind this is the presence of well-established technologically advanced infrastructure that drives the market demand in this region.
The Latin American region and the Middle East and African region hold the least market share. There is a presence of low infrastructure in both of these regions. Low per capita disposable income is another contributing factor that restricts the Air Cargo growth in these regions.
United Airlines Cargo is a key player in the global air cargo market, leveraging its extensive network to provide efficient, reliable transport for diverse goods.

Report Scope

Report Attribute/Metric	Details
Market Size 2023	USD 140.94 Billion
Market Size 2024	USD 146.69 Billion
Market Size 2032	USD 216.29 Billion
Compound Annual Growth Rate (CAGR)	4.97 % CAGR (2024-2030)
Base year	2023
Forecast Period	2024-2032
Historical Data	2018 & 2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Growth Factors, Competitive Landscape, and Trends
Segments Covered	By Type, Service, Destination, End User and Region
Geographies Covered	Europe, North America, Asia-Pacific, and the Rest of the World (RoW)
Key Vendors	Qatar Airways (Qatar), Etihad Airways (UAE),International Consolidated Airlines Group, SA (UK),,All Nippon Airways Co., Ltd (Japan),,Deutsche Lufthansa AG (Germany),,Japan Airlines (Japan),,The Emirates Group (UAE),Singapore Airlines (Singapore),Cargolux (Luxembourg),,Korean
Key Market Opportunities	The rising demand is anticipating an increase in the production of new products
Key Market Drivers	Growth of the e-commerce sector that will present the market

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

What is the estimated CAGR of the global air cargo market?

Global air cargo market is estimated to expand at a CAGR of 4.97% by 2032.

Who are the renowned key players of the global air cargo industry?

Qatar Airways (Qatar),Etihad Airways (UAE),International Consolidated Airlines Group, SA (UK),All Nippon Airways Co., Ltd (Japan),Deutsche Lufthansa AG (Germany),Japan Airlines (Japan),The Emirates Group (UAE),Singapore Airlines (Singapore),Cargolux (Luxembourg),Korean Air (South Korea),China Eastern Airlines Corporation Limited (China),Cathay Pacific Airways Limited (Hong Kong),DHL International GmbH (Germany),United Parcel Service of America, Inc. (US),FedEx (US)

What is the market segmentation of the global air cargo industry?

Global air cargo market is segmented into type, service, destination, end-user, and region.

What is the constraining factor of the global air cargo market?

Global air cargo market is estimated to be hampered by the associated expenses and the increasing crude oil prices.

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