
Air Cargo Market Share
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

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.
Market Size & Forecast
2023 Market Size | USD 140.94 Billion |
2032 Market Size | USD 216.29 Billion |
CAGR (2024-2032) | 4.97% |
Largest Regional Market Share in 2024 | Asia-Pacific. |
Major Players
Key players include Qatar Airways, Etihad Airways, DHL International GmbH, FedEx, and United Parcel Service.
Market Trends
The Global Air Cargo Market is poised for robust growth, driven by increasing demand for expedited shipping solutions and the ongoing evolution of e-commerce logistics.
U.S. Department of Transportation
Air Cargo Market 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.
Market Segment Insights
Regional Insights
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
- Regulatory Bodies, Research Institutes
- Air Cargo Companies
- Government Authorities,
- Information Technology Companies
- Aircraft Manufacturers
Market Segmentation
- 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
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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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Table of Contents
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Executive Summary
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Market Attractiveness Analysis
- Global Air Cargo Market, by Type
- Global Air Cargo Market, by Service
- Global Air Cargo Market, by Destination
- Global Air Cargo Market, by End User
- Global Air Cargo Market, by Region
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Market Attractiveness Analysis
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Market Introduction
- Market Definition
- Scope of the Study
- Market Structure
- Key Buying Criteria
- Market Factor Indicator Analysis
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Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Market Size Estimation
- Forecast Model
- List of Assumptions
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Market Insights
-
Market Dynamics
- Introduction
- Drivers
- Restraints
- Opportunities
- Challenges
- Market/Technological Trends
- Patent Trends
- Regulatory Landscape/Standards
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Market Factor Analysis
-
Value Chain/Supply Chain Analysis
- R&D
- Manufacturing
- Distribution & Sales
- Post-Sales Monitoring
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Porter’s Five Forces Analysis
- Threat of New Entrants
- Bargaining Power of Buyers
- Threat of Substitutes
- Rivalry
- Bargaining Power of Supplies
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Value Chain/Supply Chain Analysis
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Global Air Cargo Market, by Type
- Introduction
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Air Freight
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Air Mail
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Global Air Cargo Market, by Service
- Introduction
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Express
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Regular
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Global Air Cargo Market, by Destination
- Introduction
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Domestic
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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International
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Global Air Cargo Market, by End User
- Introduction
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Retail
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Food & Beverages
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Pharmaceutical & Healthcare
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Consumer Electronics
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Automotive
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Others
- Market Estimates & Forecast, 2020–2030
- Market Estimates & Forecast, by Region, 2020–2030
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Global Air Cargo Market, by Region
- Introduction
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North America
- Market Estimates & Forecast, by Country, 2020–2030
- Market Estimates & Forecast, by Type, 2020–2030
- Market Estimates & Forecast, by Service, 2020–2030
- Market Estimates & Forecast, by Destination, 2020–2030
- Market Estimates & Forecast, by End User, 2020–2030
- US
- Canada
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Europe
- Market Estimates & Forecast, by Country, 2020–2030
- Market Estimates & Forecast, by Type, 2020–2030
- Market Estimates & Forecast, by Service, 2020–2030
- Market Estimates & Forecast, by Destination, 2020–2030
- Market Estimates & Forecast, by End User, 2020–2030
- UK
- Germany
- France
- Russia
- Rest of Europe
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Asia-Pacific
- Market Estimates & Forecast, by Country, 2020–2030
- Market Estimates & Forecast, by Type, 2020–2030
- Market Estimates & Forecast, by Service, 2020–2030
- Market Estimates & Forecast, by Destination, 2020–2030
- Market Estimates & Forecast, by End User, 2020–2030
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
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Middle East & Africa
- Market Estimates & Forecast, by Country, 2020–2030
- Market Estimates & Forecast, by Type, 2020–2030
- Market Estimates & Forecast, by Service, 2020–2030
- Market Estimates & Forecast, by Destination, 2020–2030
- Market Estimates & Forecast, by End User, 2020–2030
- UAE
- Saudi Arabia
- Qatar
- Rest of the Middle East & Africa
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Latin America
- Market Estimates & Forecast, by Country, 2020–2030
- Market Estimates & Forecast, by Type, 2020–2030
- Market Estimates & Forecast, by Service, 2020–2030
- Market Estimates & Forecast, by Destination, 2020–2030
- Market Estimates & Forecast, by End User, 2020–2030
- Brazil
- Rest of Latin America
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Competitive Landscape
- Competitive Overview
- Competitor Dashboard
- Major Growth Strategies in the Global Air Cargo Market
- Competitive Benchmarking
- Market Share Analysis
- FedEx: The Leading Player in Terms of Number of Developments in the Global Air Cargo Market
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Key Developments & Growth Strategies
- Product Launches/Service Deployments
- Mergers & Acquisitions
- Joint Ventures
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Company Profiles
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All Nippon Airways Co., Ltd
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Cargolux
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Cathay Pacific Airways Limited
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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China Eastern Airlines Corporation Limited
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Deutsche Lufthansa AG
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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DHL International GmbH
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Etihad Airways
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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FedEx
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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International Consolidated Airlines Group, SA.
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Japan Airlines
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Korean Air
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Singapore Airlines
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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The Emirates Group
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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United Parcel Service of America, Inc.
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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Qatar Airways
- Company Overview
- Products/Services Offered
- Financial Overview
- Key Developments
- SWOT Analysis
- Key Strategies
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All Nippon Airways Co., Ltd
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Appendix
- References
- Related Reports
- List of Abbreviations
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Industry Insights
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Note: This Table of Contents is tentative and subject to change as the research progresses.
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List of Tables and Figures
- List of Tables
- Table 1 Global Air Cargo Market, by Region, 2020–2030
- Table 2 North America: Air Cargo Market, by Country, 2020–2030
- Table 3 Europe: Air Cargo Market, by Country, 2020–2030
- Table 4 Asia-Pacific: Air Cargo Market, by Country, 2020–2030
- Table 5 Middle East & Africa: Air Cargo Market, by Country, 2020–2030
- Table 6 Latin America: Air Cargo Market, by Country, 2020–2030
- Table 7 Global Air Cargo Market Size, by Region, 2020–2030
- Table 8 North America: Air Cargo Market Size, by Country, 2020–2030
- Table 9 Europe: Air Cargo Market Size, by Country, 2020–2030
- Table 10 Asia-Pacific: Air Cargo Market Size, by Country, 2020–2030
- Table 11 Middle East & Africa: Air Cargo Market Size, by Country, 2020–2030
- Table 12 Latin America: Air Cargo Market Size, by Country, 2020–2030
- Table 13 Global Air Cargo Type Market, by Region, 2020–2030
- Table 14 North America: Air Cargo Type Market, by Country, 2020–2030
- Table 15 Europe: Air Cargo Type Market, by Country, 2020–2030
- Table 16 Asia-Pacific: Air Cargo Type Market, by Country, 2020–2030
- Table 17 Middle East & Africa: Air Cargo Type Market, by Country, 2020–2030
- Table 18 Latin America: Air Cargo Type Market, by Country, 2020–2030
- Table 19 Global Air Cargo Service Market, by Region, 2020–2030
- Table 20 North America: Air Cargo Service Market, by Country, 2020–2030
- Table 21 Europe: Air Cargo Service Market, by Country, 2020–2030
- Table 22 Asia-Pacific: Air Cargo Service Market, by Country, 2020–2030
- Table 23 Middle East & Africa: Air Cargo Service Market, by Country, 2020–2030
- Table 24 Latin America: Air Cargo Service Market, by Country, 2020–2030
- Table 25 Global Air Cargo Destination Market, by Region, 2020–2030
- Table 26 North America: Air Cargo Destination Market, by Country, 2020–2030
- Table 27 Europe: Air Cargo Destination Market, by Country, 2020–2030
- Table 28 Asia-Pacific: Air Cargo Destination Market, by Country, 2020–2030
- Table 29 Middle East & Africa: Air Cargo Destination Market, by Country, 2020–2030
- Table 30 Latin America: Air Cargo Destination Market, by Country, 2020–2030
- Table 31 Global Air Cargo End User Market, by Region, 2020–2030
- Table 32 North America: Air Cargo End User Market, by Country, 2020–2030
- Table 33 Europe: Air Cargo End User Market, by Country, 2020–2030
- Table 34 Asia-Pacific: Air Cargo End User Market, by Country, 2020–2030
- Table 35 Middle East & Africa: Air Cargo End User Market, by Country, 2020–2030
- Table 36 Latin America: Air Cargo End User Market, by Country, 2020–2030
- Table 37 Global Air Cargo Market, by Region, 2020–2030
- Table 38 Global Air Cargo Market, by Type, 2020–2030
- Table 39 Global Air Cargo Market, by Service, 2020–2030
- Table 40 Global Air Cargo Market, by Destination, 2020–2030
- Table 41 Global Air Cargo Market, by End User, 2020–2030
- Table 42 North America: Air Cargo Market, by Country, 2020–2030
- Table 43 North America: Air Cargo Market, by Type, 2020–2030
- Table 44 North America: Air Cargo Market, by Service, 2020–2030
- Table 45 North America: Air Cargo Market, by Destination, 2020–2030
- Table 46 North America: Air Cargo Market, by End User, 2020–2030
- Table 47 Europe: Air Cargo Market, by Country, 2020–2030
- Table 48 Europe: Air Cargo Market, by Type, 2020–2030
- Table 49 Europe: Air Cargo Market, by Service, 2020–2030
- Table 50 Europe: Air Cargo Market, by Destination, 2020–2030
- Table 51 Europe: Air Cargo Market, by End User, 2020–2030
- Table 52 Asia-Pacific: Air Cargo Market, by Country, 2020–2030
- Table 53 Asia-Pacific: Air Cargo Market, by Type, 2020–2030
- Table 54 Asia-Pacific: Air Cargo Market, by Service, 2020–2030
- Table 55 Asia-Pacific: Air Cargo Market, by Destination, 2020–2030
- Table 56 Asia-Pacific: Air Cargo Market, by End User, 2020–2030
- Table 57 Middle East & Africa: Air Cargo Market, by Country, 2020–2030
- Table 58 Middle East & Africa: Air Cargo Market, by Type, 2020–2030
- Table 59 Middle East & Africa: Air Cargo Market, by Service, 2020–2030
- Table 60 Middle East & Africa: Air Cargo Market, by Destination, 2020–2030
- Table 61 Middle East & Africa: Air Cargo Market, by End User, 2020–2030
- Table 62 Latin America: Air Cargo Market, by Country, 2020–2030
- Table 63 Latin America: Air Cargo Market, by Type, 2020–2030
- Table 64 Latin America: Air Cargo Market, by Service, 2020–2030
- Table 65 Latin America: Air Cargo Market, by Destination, 2020–2030
- Table 66 Latin America: Air Cargo Market, by End User, 2020–2030 List of Figures
- FIGURE 1 Research Process of MRFR
- FIGURE 2 Top-Down & Bottom-up Approaches
- FIGURE 3 Market Dynamics
- FIGURE 4 Impact Analysis: Market Drivers
- FIGURE 5 Impact Analysis: Market Restraints
- FIGURE 6 Porter's Five Forces Analysis
- FIGURE 7 Value Chain Analysis
- FIGURE 8 Global Air Cargo Market Share, by Type, 2020 (%)
- FIGURE 9 Global Air Cargo Market, by Type, 2020–2030 (USD Million)
- FIGURE 10 Global Air Cargo Market Share, by Service, 2020 (%)
- FIGURE 11 Global Air Cargo Market, by Service, 2020–2030 (USD Million)
- FIGURE 12 Global Air Cargo Market Share, by Destination, 2020 (%)
- FIGURE 13 Global Air Cargo Market, by Destination, 2020–2030 (USD Million)
- FIGURE 14 Global Air Cargo Market Share, by End User, 2020 (%)
- FIGURE 15 Global Air Cargo Market, by End User, 2020–2030 (USD Million)
- FIGURE 16 Global Air Cargo Market Share (%), by Region, 2020
- FIGURE 17 Global Air Cargo Market, by Region, 2020–2030 (USD Million)
- FIGURE 18 North America: Air Cargo Market Share (%), 2020
- FIGURE 19 North America: Air Cargo Market, by Country, 2020–2030 (USD Million)
- FIGURE 20 Europe: Air Cargo Market Share (%), 2020
- FIGURE 21 Europe: Air Cargo Market, by Country, 2020–2030 (USD Million)
- FIGURE 22 Asia-Pacific: Air Cargo Market Share (%), 2020
- FIGURE 23 Asia-Pacific: Air Cargo Market, by Country, 2020–2030 (USD Million)
- FIGURE 24 Middle East & Africa: Air Cargo Market Share (%), 2020
- FIGURE 25 Middle East & Africa: Air Cargo Market, by Region, 2020–2030 (USD Million)
- FIGURE 26 Latin America: Air Cargo Market Share (%), 2020
- FIGURE 27 Latin America: Air Cargo Market, by Region, 2020–2030 (USD Million)
Air Cargo Market Segmentation
Market Segmentation Overview
- Detailed segmentation data will be available in the full report
- Comprehensive analysis by multiple parameters
- Regional and country-level breakdowns
- Market size forecasts by segment

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