The Air cargo market size is expected to reach US$ 210.92 billion by 2031 from US$ 141.03 billion in 2024. The market is anticipated to register a CAGR of 5.8% during 2025–2031.
Air cargo market Analysis
The air cargo market is growing rapidly, driven by increasing end-user demand due to evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Air cargo market Overview
Air cargo is a transportation mode of delivering fast shipments through aircraft. It contributes to economic development by enhancing the capability of transporting valuable and superior quality products to consumers worldwide. Several advancements have been observed in the air cargo industry. Innovative logistics and supply chain concepts established on low-fuel costs as well as labor costs emerged as key trends in on-time production and end-point manufacturing assembly destination. Moreover, a surge in demand for expeditious shipping and control, as well as transparency, has been noticed with the decreasing shelf-life of new products such as consumer electronics.
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Air Cargo Market: Strategic Insights

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Air cargo market Drivers and Opportunities
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Air Cargo Market: Strategic Insights

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Market Drivers:
Surging Adoption of E-Commerce Platforms :
Online retailing draws a larger audience than physical stores owing to its worldwide availability. In addition, e-commerce market players opt for logistics options such as surface transport and air transport to deliver packages to their customers. With the rise in the global e-commerce market, varying buying patterns and trends have been observed.Increasing Number of Partnerships and Collaborations:
In 2024, IndiGo CarGo signed an extensive interline agreement with Air France KLM Martinair Cargo. This partnership aims to enhance delivery accuracy and efficiency across their combined networks, expanding IndiGo's reach and improving cargo services between India and Europe.
Market Opportunities:
Airport Infrastructure and New Policies:
Air cargo stakeholders have a huge opportunity in Southeast Asian countries such as Singapore, Thailand, and Indonesia. Airports in Southeast Asian countries are the fastest-growing airports in the world. Turkish Cargo is increasing its presence with the launch of new freighter services.
Air cargo market Report Segmentation Analysis
The Air cargo market is divided into various segments to provide a more detailed understanding of its operations, growth opportunities, and emerging trends. Below is the standard segmentation approach used in most industry reports:
By Type:
Air Mail:
The air mail segment experienced a resurgence in 2024 owing to the accelerating growth of cross-border e-commerce and the increasing need for rapid, reliable delivery of small parcels and documents.Air Freight:
Air freight is the transportation of goods via an air carrier, which can be commercial or charter. With the increasing demand for quick delivery, preferences for express shipping are growing.
By Services:
Regular Service:
Regular air cargo encompasses general freight services for less time-sensitive and bulkier shipments. The segment holds the largest share of the global air cargo market in 2024.Express Service:
The express air cargo has emerged as the fastest-growing and most dynamic segment in the global air cargo market in 2024, underpinned by the relentless rise of e-commerce, escalating consumer expectations for same-day and next-day delivery, and the increasing prevalence of just-in-time supply chain models across industries.
By End User:
- Pharmaceuticals
- Retail
- Food and Beverages
- Consumer Electronics
- Others
Each industry type has specific requirements for air cargo. It influences relentless focus on speed, convenience, and sustainability.
By Geography:
- North America
- Europe
- Asia Pacific
- South & Central America
- Middle East & Africa
The Air cargo market in Asia Pacific is expected to witness the fastest growth. This growth is primarily driven by the expanding cross-border e-commerce sector.
Air Cargo Market Regional Insights
The regional trends and factors influencing the Air Cargo Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Air Cargo Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Air Cargo Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 141.03 Billion |
Market Size by 2031 | US$ 210.92 Billion |
Global CAGR (2025 - 2031) | 5.8% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Air Cargo Market Players Density: Understanding Its Impact on Business Dynamics
The Air Cargo Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

- Get the Air Cargo Market top key players overview
Asia Pacific is expected to grow the fastest in the next few years. Emerging markets in South & Central America, the Middle East, and Africa also have many untapped opportunities for air cargo providers to expand.
The Air cargo market grows differently in each region. This is because of factors such as the rise of the e-commerce industry and growing trade between various countries. Below is a summary of market share and trends by region:
1. North America
Market Share:
Holds a significant portion of the global marketKey Drivers:
- E-commerce growth is driving demand for fast and flexible shipping.
- High-tech and pharmaceutical exports require time-sensitive transport.
- Strong infrastructure and major cargo hubs (e.g., Memphis, Anchorage).
Trends:
Expansion of dedicated cargo fleets by passenger airlines to diversify revenue streams.
2. Europe
Market Share:
Substantial share due to early, stringent EU regulationsKey Drivers:
- Intra-European trade and manufacturing supply chains.
- Growing demand for express and perishable goods logistics.
- EU sustainability initiatives are pushing for efficient multimodal logistics.
Trends:
Adoption of green air cargo solutions and SAF (sustainable aviation fuel) for emissions reduction.
3. Asia Pacific
Market Share:
Fastest-growing region with dominant market shareKey Drivers:
- Massive e-commerce exports from China, South Korea, and Japan.
- Strong manufacturing and semiconductor supply chain dependencies.
- Strategic air freight corridors between Asia, North America, and Europe.
Trends:
Rise of cross-border e-commerce logistics platforms and digital freight forwarders.
4. South and Central America
Market Share:
Although small, it is growing quicklyKey Drivers:
- Export of perishables such as fruits, flowers, and seafood.
- Growing middle-class consumption is increasing the demand for imports.
- Investments in airport and cold-chain infrastructure.
Trends:
Shift toward regional cargo consolidation hubs to improve connectivity and reduce costs.
5. Middle East and Africa
Market Share:
Growing Market with steady progressKey Drivers:
- Strategic location as a transshipment hub between continents.
- National carrier investments in cargo fleets (e.g., Emirates SkyCargo, Qatar Airways Cargo).
- Oil, medical supplies, and electronics contribute to air freight volume.
Trends:
Development of integrated logistics cities and free trade zones near major airports (e.g., Dubai South, Kigali Logistics Platform).
Air cargo market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is strong due to the presence of established players such FedEx Express, UPS Airlines, DHL Aviation. Regional and niche providers such as Emirates (UAE), and British Airways (UK) are also adding to the competitive landscape across different regions.
This high level of competition urges companies to stand out by offering:
- Investments in cargo fleets
- Investments in cold-chain infrastructure.
Opportunities and Strategic Moves
- Implementing AI, IoT, and blockchain for real-time tracking, route optimization, and demand forecasting.
- Digital freight platforms are reshaping forwarder–carrier relationships.
Major Companies operating in the Air cargo market are:
- FedEx Express. (US)
- UPS Airlines (US)
- DHL Aviation. (Germany)
- Emirates SkyCargo (Dubai)
- Cathay Pacific Airways Cargo (China)
- Korean Air Cargo (South Korea)
- Lufthansa Cargo (Germany)
- Singapore Airlines Cargo (Singapore)
- China Airlines Cargo. (Taiwan)
- British Airways World Cargo (UK)
Disclaimer: The companies listed above are not ranked in any particular order.
Other companies analysed during the course of research:
- Qatar Airways Cargo
- Turkish Cargo
- Etihad Cargo
- Ethiopian Cargo & Logistics Services
- Saudi Cargo (Saudia Cargo)
- Asiana Cargo
- Air France KLM Martinair Cargo
- AirBridgeCargo Airlines
- MASkargo (Malaysia Airlines Cargo)
- Nippon Cargo Airlines (NCA)
- Silk Way West Airlines
- LATAM Cargo
- Avianca Cargo
- Aerologic
- Kalitta Air
Air cargo market News and Recent Developments
SpiceXpress Partnered With Bengaluru-Based Star Air
SpiceXpress partnered with Bengaluru-based Star Air to manage belly space capacity in Star Air's fleet. This collaboration added nine new destinations to SpiceXpress's domestic network, strengthening door-to-door delivery and air cargo infrastructure, especially in underserved regions of India.Saudia Cargo Signed Two Major Global Logistics Partnership Agreements
Saudia Cargo signed two major global logistics partnership agreements—one with Denmark's Scan Global Logistics (SGL) and another with Air Logistics Group. The SGL partnership provides priority access to Saudia Cargo's global network, while the Air Logistics Group agreement enhances integrated air cargo solutions between the UK and Saudi Arabia.
Air cargo market Report Coverage and Deliverables
The "Air cargo market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Air cargo market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Air cargo market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Air cargo market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Air cargo market
- Detailed company profiles
Frequently Asked Questions
Regulatory Changes and Disputes Between Countries: Several regulatory changes and disputes between countries are going on worldwide. The US-China trade war is the key factor that is negatively influencing market growth.
Enhancing Greenfield Airports Capabilities: The increasing construction of greenfield airports across Europe is likely to provide new market opportunities for air cargo companies during the forecast period
Asia Pacific: Dominates the market with a share of approximately 30.15%, driven by the expanding cross-border e-commerce sector, which has fueled an uptick in express shipments from China, Hong Kong, and Southeast Asia.
North America: Holds a 25.8% market share, due to the boom in cross-border e-commerce influences consumer expectations for two-day delivery and creates high demand for rapid air freight services.
Europe: The significant-growing region, with a projected CAGR of 6.0% from 2025 to 2031, primarily driven by Intra-European trade and manufacturing supply chains, and EU sustainability initiatives pushing for efficient multimodal logistics.
Retail: Major players: Amazon, Alibaba, JD.com, Shopify sellers, etc. High volumes of small packages and consumer goods; demand fast delivery (B2C & B2B).
Pharmaceutical: Shipments include vaccines, biologics, medical equipment, and temperature-sensitive drugs.
Food or Beverage: Includes exporters of fresh fruits, vegetables, flowers, seafood, and meat.
Consumer Electronics: Movement of sensitive and high-value microchips, circuit boards, and hardware.
Automotive: Critical components, spare parts, and prototypes.
Online retailing draws a larger audience than physical stores owing to its worldwide availability. In addition, e-commerce market players opt for logistics options such as surface transport and air transport to deliver packages to their customers. With the rise in the global e-commerce market, varying buying patterns and trends have been observed.
2. Increasing Number of Partnerships and Collaborations:
The increasing number of partnerships and collaborations among the key players is driving the air cargo market growth.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Air Cargo Market
- FedEx Express
- Emirates SkyCargo
- UPS Airlines
- Cathay Pacific Cargo
- Qatar Airways Cargo
- Korean Air Cargo
- Lufthansa Cargo
- Cargolux
- Singapore Airlines Cargo
- Air China Cargo
- China Airlines Cargo
- AirBridgeCargo Airlines
- Etihad Cargo
- All Nippon Airways (ANA) Cargo
- Polar Air Cargo
- IAG Cargo
- Asiana Airlines Cargo
- Turkish Cargo
- KLM Cargo
- United Airlines Cargo
- EVA Air Cargo
- LATAM Cargo
- Atlas Air
- DHL Aviation
- Saudi Airlines Cargo
- Silk Way West Airlines
- Icelandair Cargo
- Cargojet
- Blue Dart Aviation


