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
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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
- Europe
Market Segmentation
Type
- Air Mail and Air Freight
Service
- Express and Regular
End User
- Retail
- Pharmaceutical and Healthcare
- Food and Beverage
- Consumer Electronics
- Automotive
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Air Cargo MarketReport ScopeEurope 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
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Europe Air Cargo Market: Strategic Insights
-
Market Size 2022
US$ 30.27 Billion -
Market Size 2028
US$ 43.29 Billion

Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Regional Overview

- Europe
Market Segmentation

- Air Mail and Air Freight

- Express and Regular

- Retail
- Pharmaceutical and Healthcare
- Food and Beverage
- Consumer Electronics
- Automotive
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
Frequently Asked Questions
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
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
What is the future trend in the Europe air cargo market?
1. Rational cool chain solutions
2. Execution of several software solutions
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
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)
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
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
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
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
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
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The List of Companies - Europe Air Cargo Market
- 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
- United Parcel Service of America Inc


