Europe Air Cargo Market Growth and Analysis by 2028

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Europe Air Cargo Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Air Mail and Air Freight), Service (Express and Regular), and End User (Retail, Pharmaceutical and Healthcare, Food and Beverage, Consumer Electronics, Automotive, and Others)

  • Report Date : Dec 2022
  • Report Code : TIPRE00005040
  • Category : Automotive and Transportation
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 154
Page Updated: Jan 2023

The Europe air cargo market is expected to grow from US$ 30.27 billion in 2022 to US$ 43.29 billion by 2028; it is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

The growing demand for air cargo across European countries owing to demand for different products from the e-commerce platforms is catalyzing the growth of Europe air cargo market across the region. Moreover, the airlines operating across the Europe air cargo market are also focusing on introducing new air cargo solutions for their respective customers to cater to the customers’ demands to remain competitive in the market. Also, the Europe air cargo market players have been pushing their existing capacities to expand their air cargo volumes to cater to the increasing cargo volume traffic worldwide. This is also leading to the procurement of new aircraft models by air freight companies for expanding their respective cargo fleet. For instance, in November 2021, CMA CGM AIR CARGO placed an order for 4 new Airbus A350F aircraft that will be used for expanding its air cargo operations across its services.

Further, the growing air cargo traffic (CTK) across Europe is another major factor likely to generate new market opportunities for Europe air cargo market players during the forecast period. In addition, according to the Boeing's 2022 World Air Cargo Forecast (WACF), Europe accounted for 20% of the global air cargo volume reaching a value of around 57 billion RTK (Revenue Tonne Kilometer) in 2021. This is driven by the growth in the air cargo volume from cross country cargo operations. For instance, according to the WACF, East Asia-Europe cargo volumes are expected to witness a growth of 4.5% during 2022-2041. Similarly, according to the same source, Middle East-Europe cargo volumes are expected to witness a growth of 2.3% during 2022-2041. Such instances are likely to generate new market opportunities for Europe air cargo players during the forecast period.

Further, regulatory enforcement, including customs departments, represents a major challenge such as potentially slowing a shipment delivery or requiring shipping containers to be opened for inspection. Moreover, the temporary ban on social gatherings and shutdown of stores, restaurants, grocery shops, gardening centers, theatres, and concerts have led consumers to shop online. The consumers' behavior has changed toward online retail. For instance, according to the International Trade Association e-commerce registered 18% of the total retail sales volume in 2020 and continues to increase worldwide. All these factors have catalyzed the Europe air cargo market growth in 2020.

Air Cargo Market - 

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Europe Air Cargo Market: Strategic Insights

Europe Air Cargo Market
  • Market Size 2022
    US$ 30.27 Billion
  • Market Size 2028
    US$ 43.29 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Regional Overview

Regional Overview
  • Europe

Market Segmentation

Market SegmentType
  • Air Mail and Air Freight
Market SegmentService
  • Express and Regular
Market SegmentEnd User
  • Retail
  • Pharmaceutical and Healthcare
  • Food and Beverage
  • Consumer Electronics
  • Automotive
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Europe Air Cargo MarketReport Scope

Europe Air Cargo Market Report Scope

Report Attribute Details
Market size in 2022 US$ 30.27 Billion
Market Size by 2028 US$ 43.29 Billion
Global CAGR (2022 - 2028) 6.1%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Type
  • Air Mail and Air Freight
By Service
  • Express and Regular
By End User
  • Retail
  • Pharmaceutical and Healthcare
  • Food and Beverage
  • Consumer Electronics
  • Automotive
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Cargolux
  • Lufthansa Cargo AG
  • DHL International GmbH
  • IAG Cargo
  • Air France KLM SA
  • European Cargo Ltd.
  • FedEx Corporation
  • Turk Hava Yollari Anonim Ortaklig
  • SAS Cargo Group

  • Frequently Asked Questions

    1

    What is the estimated Europe market size for the air cargo market in 2022?

    The estimated Europe market size for the air cargo market in 2022 is expected to be around US$ 30.27 billion
    2

    What are the driving factors impacting the air cargo market?

    1. Speedy adoption of e-commerce platforms
    2. Continuous need to transport temperature-sensitive products
    3

    What is the future trend in the Europe air cargo market?

    1. Rational cool chain solutions
    2. Execution of several software solutions
    4

    Which are the key players holding the major market share of air cargo market?

    Turkish Cargo, DHL International, Air France KLM Martinair Cargo, United Parcel Services Inc, and FedEx Corporation are the key market players expected to hold a major market share of Europe air cargo market in 2022
    5

    Which is the fastest growing country market?

    The UK is expected to register highest CAGR in the Europe air cargo market during the forecast period (2022-2028)
    6

    Which countries are registering a high growth rate during the forecast period?

    The UK, Italy, and France are expected to register high growth rate during the forecast period
    7

    Which country is holding the major market share of air cargo market?

    France is expected to hold a major market share of Europe air cargo market in 2022
    8

    Which is the leading air cargo type segment in the Europe air cargo market?

    Air freight segment is expected to hold a major market share of air cargo market in 2022
    9

    What will be the Europe market size of air cargo market by 2028?

    The Europe market size of air cargo market by 2028 will be around US$ 43.29 billion
    10

    What is the incremental growth of the Europe air cargo market during the forecast period?

    The air cargo market is expected to register an incremental growth value of US$ 13.02 billion during the forecast period
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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