Asia Pacific Air Cargo Market to 2027 - Regional Analysis and Forecasts by Type (Air Mail and Air Freight); Service (Express and Regular); and End User (Retail, Pharmaceutical & Healthcare, Food & Beverages, Consumer Electronics, Automotive, and Others)
Publication Month: May 2019
Report Code: TIPRE00005038 No. of Pages: 129 Category: Technology, Media and Telecommunications Status: Published
Air cargo market in Asia Pacific is expected to grow from US$ 37.63 Bn in 2018 to US$ 59.13 Bn by the year 2027. This represents a CAGR of 5.2% from the year 2019 to 2027.
The factors such as rapid growth of e-commerce sector and rising demand from temperature-sensitive product are propelling the growth of the air cargo market. Moreover, the emphasis on design and implementation of various software services by the market players is anticipated to boost air cargo market growth in the forecast period. The transportation of temperature sensitive goods such as drugs, chemicals, and medicines are creating a huge opportunity for cold chain logistics participants and are significantly driving the air cargo market. Pharmaceutical companies are highly dependent on air transportation due to factors such as time-sensitivity and temperature controlled transportation. The International Air Transport Association (IATA) took an initiation to support air cargo sector to comply with the pharmaceutical manufacturers requirements. IATA along with air cargo stakeholders and regulators formed the Center of Excellence for independent validators in Pharmaceutical Logistics. IATA is highly focused on the compliance, safety, security, and efficiency of pharma transportation by forming globally recognized pharmaceutical product handling certification.
Air cargo service providers are making necessary strides forwards in cold-chain technology to fulfill the demand for a fast-growing pharmaceutical market. As per IATA, by 2020 Biopharma cold-chain logistics spending will increase by 8% to 9%. Moreover, biopharma sales are expected to increase by 4% to 5% by 2020. The Asia Pacific is expected to witness high spending in cold-chain logistics during the forecast period due to factors such as the region’s expanding middle class in developing countries and the aging population in developed countries.
The Consumer Electronics end-user segment is the second leading end-user with highest CAGR in Asia Pacific air cargo market. Electronics is one of the remarkable industry for the adoption of lead logistics in the overall operations. Manufacturing of consumer electronics is are highly concerned about the transportation of devices under a favorable environment. With rising demand online sales of electronic devices, the air cargo market is gaining momentum. The South Asian countries such as Taiwan, South Korea, China, and others are witnessing a huge demand for air cargo services for the transportation of electronic devices. Vendors are strategically focused on offering services in SEA region with low cost, improved connectivity across the globe, and others.
China is anticipated to lead the air cargo market across the Asia Pacific region through the forecast period. China holds a position of world’s utmost prominent manufacturer of shoes to heavy machinery. China is a global leader in the manufacturing of passenger cars and commercial vehicles, as well as electronic product assembly. China has become the world’s premier manufacturing center, with industries producing commodities such as computing equipment, electronic gadgets, apparel, and others. Most of the produced goods are exported and are transported by air. The rapid increase in air trade with other countries of Asia, North America, and Europe is a key driver for the growth of China’s domestic air cargo market. The types of goods transported by China varies by region. For instance, in southeastern provinces such as Pearl River Delta, air cargo contains home electronics, apparel, light industrial product, telecommunication equipment, and others. From the eastern provinces, goods transported are apparel, perishable foods, textiles, and others. In the northern regions precision instruments, electronics, and others are primary commodities. In the western provinces, cashmere, and industrial equipment, pharmaceuticals, and others are primary commodities. The figure given below highlights the revenue share of the China in the Asia Pacific air cargo market in the forecast period:
Asia Pacific AIR CARGO MARKET SEGMENTATION
By Type
By Service
By End-User
By Country
Companies Mentioned
The factors such as rapid growth of e-commerce sector and rising demand from temperature-sensitive product are propelling the growth of the air cargo market. Moreover, the emphasis on design and implementation of various software services by the market players is anticipated to boost air cargo market growth in the forecast period. The transportation of temperature sensitive goods such as drugs, chemicals, and medicines are creating a huge opportunity for cold chain logistics participants and are significantly driving the air cargo market. Pharmaceutical companies are highly dependent on air transportation due to factors such as time-sensitivity and temperature controlled transportation. The International Air Transport Association (IATA) took an initiation to support air cargo sector to comply with the pharmaceutical manufacturers requirements. IATA along with air cargo stakeholders and regulators formed the Center of Excellence for independent validators in Pharmaceutical Logistics. IATA is highly focused on the compliance, safety, security, and efficiency of pharma transportation by forming globally recognized pharmaceutical product handling certification.
Air cargo service providers are making necessary strides forwards in cold-chain technology to fulfill the demand for a fast-growing pharmaceutical market. As per IATA, by 2020 Biopharma cold-chain logistics spending will increase by 8% to 9%. Moreover, biopharma sales are expected to increase by 4% to 5% by 2020. The Asia Pacific is expected to witness high spending in cold-chain logistics during the forecast period due to factors such as the region’s expanding middle class in developing countries and the aging population in developed countries.
The Consumer Electronics end-user segment is the second leading end-user with highest CAGR in Asia Pacific air cargo market. Electronics is one of the remarkable industry for the adoption of lead logistics in the overall operations. Manufacturing of consumer electronics is are highly concerned about the transportation of devices under a favorable environment. With rising demand online sales of electronic devices, the air cargo market is gaining momentum. The South Asian countries such as Taiwan, South Korea, China, and others are witnessing a huge demand for air cargo services for the transportation of electronic devices. Vendors are strategically focused on offering services in SEA region with low cost, improved connectivity across the globe, and others.
China is anticipated to lead the air cargo market across the Asia Pacific region through the forecast period. China holds a position of world’s utmost prominent manufacturer of shoes to heavy machinery. China is a global leader in the manufacturing of passenger cars and commercial vehicles, as well as electronic product assembly. China has become the world’s premier manufacturing center, with industries producing commodities such as computing equipment, electronic gadgets, apparel, and others. Most of the produced goods are exported and are transported by air. The rapid increase in air trade with other countries of Asia, North America, and Europe is a key driver for the growth of China’s domestic air cargo market. The types of goods transported by China varies by region. For instance, in southeastern provinces such as Pearl River Delta, air cargo contains home electronics, apparel, light industrial product, telecommunication equipment, and others. From the eastern provinces, goods transported are apparel, perishable foods, textiles, and others. In the northern regions precision instruments, electronics, and others are primary commodities. In the western provinces, cashmere, and industrial equipment, pharmaceuticals, and others are primary commodities. The figure given below highlights the revenue share of the China in the Asia Pacific air cargo market in the forecast period:
Exhibit: China Air Cargo Market Revenue and Forecasts to 2027 (US$ Bn)
Asia Pacific AIR CARGO MARKET SEGMENTATION
By Type
• Air Mail
• Air Freight
By Service
• Express
• Regular
By End-User
• Retail
• Pharmaceutical & Healthcare
• Food & Beverage
• Consumer Electronics
• Automotive
• Others
By Country
• China
• India
• Australia
• Japan
• Rest of Asia Pacific
Companies Mentioned
• ANA Cargo Inc. (ANA Group)
• Lufthansa Cargo AG
• United Parcel Service of America, Inc.
• Etihad Cargo
• FeDex Corportion
• Cargolux Airlines International S.A.
• DHL International GmbH
• Emirates SkyCargo
• Cathay Pacific Cargo
• Zela Aviation The Air Charter Company
PART 1. INTRODUCTION
1.1 Scope of the Study
1.2 The Insight partners research report guidance
1.3 market segmentation
1.3.1 APAC Air Cargo Market – By Type
1.3.2 APAC Air Cargo Market – By Service
1.3.3 APAC Air Cargo Market – By End-user
1.3.4 APAC Air Cargo Market – By Country
PART 2. key takeaways
PART 3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
PART 4. Air Cargo market landscape
4.1 market overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Asia Pacific PEST Analysis
PART 5. Air Cargo market – key industry dynamics
5.1 key market drivers
5.1.1 Rapid growth of e-commerce sector in the region is propelling the air cargo market
5.1.2 Rising Demand from Temperature-Sensitive Product
5.2 Restraints
5.2.1 The market uncertainty is expected to hinder the air cargo market growth
5.3 Opportunity
5.3.1 The airport infrastructures in Southeast Asian countries are supporting national carriers to expand air freights
5.4 Future trends
5.4.1 Real-time visibility through deployment of several software solutions
5.5 Impact analysis of drivers & restraints
PART 6. Air Cargo – APAC market analysis
6.1 APAC Air Cargo market Overview
6.2 APAC Air Cargo market Forecast and Analysis
PART 7. APAC Air Cargo market Analysis – By type
7.1 Overview
7.2 APAC Air Cargo market Breakdown, By type, 2018 & 2027
7.3 air mail
7.3.1 Overview
7.3.2 APAC Air Mail Revenue and Forecasts to 2027 (US$ Mn)
7.4 air freight
7.4.1 Overview
7.4.2 APAC Air Freight Market Revenue and Forecasts to 2027 (US$ Mn)
PART 8. APAC Air Cargo market Analysis – By service
8.1 Overview
8.2 APAc Air Cargo market Breakdown, By service, 2018 & 2027
8.3 express
8.3.1 Overview
8.3.2 APAC Express Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 regular
8.4.1 Overview
8.4.2 APAC Regular Market Revenue and Forecasts to 2027 (US$ Mn)
PART 9. APAC Air Cargo market revenue and forecasts to 2027 –end-user
9.1 Overview
9.2 APAC Air Cargo MARKET Breakdown, By end-user, 2018 & 2027
9.3 retail
9.3.1 Overview
9.3.2 APAC Retail Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 pharmaceutical & Healthcare
9.4.1 Overview
9.4.2 APAC Pharmaceutical & Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 food & beverages MARKET
9.5.1 Overview
9.5.2 APAC Food & Beverages Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Consumer Electronics MARKET
9.6.1 Overview
9.6.2 APAC Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Automotive
9.7.1 Overview
9.7.2 APAC Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 APAC Others Market Revenue and Forecasts to 2027 (US$ Mn)
PART 10. Air Cargo market – Geographical Analysis
10.1 Overview
10.1.1 APAC Air Cargo Market Breakdown, by Key Countries
10.1.1.1 China Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.1.1 China Air Cargo Market Breakdown by Type
10.1.1.1.2 China Air Cargo Market Breakdown by Services
10.1.1.1.3 China Air Cargo Market Breakdown by End-user
10.1.1.2 India Air Cargo Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.2.1 India Air Cargo Market Breakdown by Type
10.1.1.2.2 India Air Cargo Market Breakdown by Service
10.1.1.2.3 India Air Cargo Market Breakdown by End-user
10.1.1.3 Japan Air Cargo Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 Japan Air Cargo Market Breakdown by Type
10.1.1.3.2 Japan Air Cargo Market Breakdown by Service
10.1.1.3.3 Japan Air Cargo Market Breakdown by End-user
10.1.1.4 Australia Air Cargo Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.4.1 Australia Air Cargo Market Breakdown by Type
10.1.1.4.2 Australia Air Cargo Market Breakdown by Service
10.1.1.4.3 Australia Air Cargo Market Breakdown by End-user
10.1.1.5 Rest of APAC Air Cargo Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.5.1 Rest of APAC Air Cargo Market Breakdown by Type
10.1.1.5.2 Rest of APAC Air Cargo Market Breakdown by Service
10.1.1.5.3 Rest of APAC Air Cargo Market Breakdown by End-user
PART 11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 investment scenario
11.4 New Product Development
PART 12. company profiles
12.1 ANA Cargo Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Product and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cathay Pacific Cargo (Cathay Pacific Airways)
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Product and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cargolux Airlines International S.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Product and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Deutsche Post AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Product and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Etihad Cargo
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Product and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Emirates Skycargo
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Product and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 FeDex Corportion
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Product and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Lufthansa cargo AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Product and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 United Parcel Service of America, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Product and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zela Aviation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Product and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
PART 13. Appendix
13.1 about the insight partners
13.2 glossary
list of tables
TABLE 1. APAC Air Cargo market Revenue and Forecasts to 2027 (US$ mn)
TABLE 2. APAC Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 3. APAC Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 4. APAC Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 5. China Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 6. China Air Cargo Market Revenue and Forecasts to 2027 – By Services (US$ Mn)
TABLE 7. China Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 8. India Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 9. India Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 10. India Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 11. Japan Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 12. Japan Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 13. Japan Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 14. Australia Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 15. Australia Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 16. Australia Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 17. rest of APAC Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 18. rest of APAC Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 19. Rest of APAC Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 20. Glossary of terms, Air Cargo market
list of figures
FIGURE 1. APAC Air Cargo market segmentation
FIGURE 2. APAC Air Cargo market segmentation – BY Country
FIGURE 3. APAC Air Cargo market, 2018 & 2027 (US$mN)
FIGURE 4. APAC Pharmaceutical & Healthcare Air Cargo market, 2018 & 2027 (US$mN)
FIGURE 5. Air Cargo market ecosystem analysis
FIGURE 6. APAC PEST Analysis
FIGURE 7. Impact Analysis of DRivers and restraints
FIGURE 8. APAC Air Cargo market Forecast and Analysis, (US$ mn)
FIGURE 9. APAC Air Cargo market Breakdown By type, 2018 & 2027 (%)
FIGURE 10. APAC air mail Market Revenue and Forecasts to 2027 (US$ Bn)
FIGURE 11. APAC AIR FREIGHT Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 12. APAC Air Cargo market Breakdown By service, 2018 & 2027 (%)
FIGURE 13. APAC express Market Revenue and Forecasts to 2027 (US$ Bn)
FIGURE 14. APAC regular Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 15. Air Cargo Market Breakdown, By end-user, 2018 & 2027 (%)
FIGURE 16. APAc retail Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 17. APAC Pharmaceutical & Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 18. APAC food & beverages Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 19. APAC Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20. APAC Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21. APAC others Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 22. APAC Air Cargo Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 23. China Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 24. India Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 25. Japan Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 26. Australia Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 27. rest of APAC Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 28. air cargo Market, Industry Landscape (2015-2018) %
The List of Companies
- ANA Cargo Inc. (ANA Group)
- Lufthansa Cargo AG
- United Parcel Service of America, Inc.
- Etihad Cargo
- FeDex Corportion
- Cargolux Airlines International S.A.
- DHL International GmbH
- Emirates SkyCargo
- Cathay Pacific Cargo
- Zela Aviation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Air Cargo market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Air Cargo market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution