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Air Freight – An Easy Way To Shift

Overview

Air transportation is the shipping and handling of goods by air carriers that may be commercial or charter. Such cargo can be transported from the gates of commercial and passenger aircraft to any place where the aircraft can take off and land. The global air transport market report is segmented by type of aircraft and cargo. The aircraft type segment is segmented into express, all cargo, ad hoc cargo & charter carrier, and combination. The cargo segment is divided into pharmaceuticals, machinery & electrical equipment, aircraft parts and others.

Market Dynamics

The increase in economic activity and global trade is one of the most important economic drivers of the global air transport market. Although the economy has been average for the past few years, it has recently started to improve. Air transportation remains an essential means of transporting perishable goods, such as perishable, high-value, low-weight goods, including consumer electronics, luxury clothing, pharmaceuticals, industrial machinery, and expensive intermediate goods, such. such as auto parts.

The global air transport market grew by 6.9% annually in 2017, which exceeded the five-year growth rate. The APAC region accounted for the largest market share at 40% of the total market in 2016 and grew by 7.5% YoY, with China leading the way with 15% of total market, which is expected to continue in the future. Mature markets, such as North America and Europe, have begun to recover from the global economic downturn and are showing promising signs of growth. This shows their growth rates, which are 8.7% and 8.5%.

Rising oil prices are having a difficult effect on this market and air travel is becoming more expensive. However, it leads to the need for more efficient aircraft, which has created a market for high-quality flights only. Of today’s world aviation, 61% have changed from passenger flights in the past. However, this is changing slowly and will have a positive effect on the market, because the performance, efficiency and reliability of the new manufactured goods are expected to exceed the price of the large converted goods. the long time, especially for intercontinental work, where the density of the cargo, the greater load, and the long distance are very important.

Segmentation

The report’s analysis looks at the fleet structure of various major airlines around the world, breaking them down by size, such as wide-body aircraft, large aircraft and narrow-body aircraft, across the Americas, Europe, Asia-Pacific and the Middle East. The market is segmented based on aircraft and cargo.

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