Home > Automotive > Automotive Logistics > Freight Logistics > Sea Air Logistics Market

Sea Air Logistics Market Size

  • Report ID: GMI11486
  • Published Date: Sep 2024
  • Report Format: PDF

Sea Air Logistics Market Size

The global sea air logistics market size was valued at USD 8.7 billion in 2023 and is estimated to register a CAGR of over 5.2% between 2024 and 2032. The surge in global e-commerce and international trade is driving the need for more efficient and flexible logistics solutions. Companies are increasingly adopting integrated transport methods to balance speed and cost, addressing the demand for quicker delivery times. Advances in technology, such as real-time tracking and automated systems, are also enhancing operational efficiency and responsiveness, supporting the overall expansion of logistics capabilities.

 

For instance, in April 2023, Aero Africa introduced a new sea-air freight service linking Asia to 70 destinations throughout Africa, with Dubai serving as a key hub. This multimodal approach offers a faster alternative to traditional sea freight and a more economical option than air freight, featuring up to 50% lower CO2 emissions compared to conventional transportation methods.

Furthermore, the adoption of digital platforms is revolutionizing logistics by enhancing efficiency and transparency. Companies are increasingly leveraging advanced software for real-time tracking, automated scheduling, and data-driven decision-making. These digital solutions streamline operations, reduce manual errors, and improve responsiveness to market demands. The integration of such technologies is pivotal in optimizing transport routes and managing complex logistics chains, significantly boosting overall operational performance.
 

For instance, in May 2023, Beacon, a supply chain visibility platform, upgraded its services by introducing air freight tracking and enhancing visibility for ocean transshipments. This improvement aims to offer customers a more comprehensive solution for monitoring their supply chain activities across various transport modes, ensuring greater transparency and control throughout the logistics process.
 

Challenges include complex coordination between sea and air transport modes, leading to potential delays and inefficiencies. High dependency on customs clearance can cause bottlenecks and increase transit times. Capacity constraints during peak seasons often strain logistics operations, impacting reliability. Fluctuating fuel prices can lead to unpredictable costs, especially in air transport. Geopolitical tensions and trade disputes may disrupt established routes. Additionally, limited infrastructure in certain regions can hinder effective multimodal operations, impacting overall service quality and efficiency.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of sea air logistics reached USD 8.7 billion in 2023 and is set to register a CAGR of over 5% between 2024 and 2032, due to the surge in global e-commerce and international trade.

The freight forwarding segment accounted for over 52% of the market share in 2023, due to wider adoption of integrated sea-air solutions to enhance efficiency and speed. Service providers are focusing on route optimization and leveraging technology to streamline operations.

Asia Pacific market accounted for revenue share of over 38% in 2023, backed by the growing e-commerce demand and global trade, in consort with enhanced technology and strategic hub developments driving efficiency.

CEVA Logistics, DB Schenker, DHL, DSV (Panalpina), Expeditors International, Kuehne + Nagel, and UPS Supply Chain Solutions among others.

Sea Air Logistics Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 180
  • Countries covered: 23
  • Pages: 250
 Download Free Sample