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Air Cargo Market Share

Report ID: GMI5900
Published Date: Oct 2024
Report Format: PDF

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Air Cargo Market Share

United Parcel Service, FedEx Corporation, and Kuehne+Nagel collectively held a substantial market share of over 30% in the air cargo industry in 2023. These industry leaders drive growth through innovative logistics technologies and solutions tailored to meet the high demand in sectors like e-commerce, healthcare, and manufacturing. Their advancements in tracking systems, real-time data analytics, and temperature-controlled shipping solutions ensure efficient and reliable cargo transport. As the air cargo industry evolves to meet rising consumer expectations for faster and more sustainable shipping, these companies are at the forefront, providing reliable, scalable solutions that align with global trends in trade and sustainability. Their efforts enhance supply chain efficiency and shape the future of the market by supporting critical industries and promoting energy-efficient logistics practices.

Air Cargo Market Companies

Major players operating in the air cargo industry are:

United Parcel Service
FedEx Corporation
Kuehne+Nagel
DSV Panalpina
DHL International GmbH
DB Schenker
China Airlines
Nippon Express
Expeditors International
CEVA Logistics

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The global market size for air cargo was valued at USD 185.3 billion in 2023 and is projected to reach USD 288.8 billion by 2032, driven by a CAGR of 4.3% from 2024 to 2032.

The general air cargo segment accounted for over 55% of the market share in 2023 and is expected to exceed USD 150 billion by 2032, driven by its flexibility and cost-effectiveness in transporting a wide variety of goods.

The U.S. accounted for a market share of over 70% in the North America region in 2023 and is expected to exceed USD 50 billion by 2032, driven by its extensive infrastructure and advanced logistics capabilities.

Major players in the industry include United Parcel Service, FedEx Corporation, Kuehne+Nagel, DSV Panalpina, DHL International GmbH, DB Schenker, China Airlines, and Nippon Express.