North America 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: TIPRE00005039 No. of Pages: 126 Category: Technology, Media and Telecommunications Status: Published
Air cargo market in North America is expected to grow from US$ 21.01 Bn in 2018 to US$ 25.99 Bn by the year 2027. This represents a CAGR of 2.4% from the year 2019 to 2027.
The positive impact of the growing e-commerce sector is fueling 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. Logistic is a complex process which involves the flow of various goods and information across the network of suppliers, carriers, and warehouse. This complexity can be handled using software systems, which allows analyzing real-time and real-world data. This implementation of software systems improve the supply chain and also offers real-time visibility. Increased competitiveness in the industry is the primary reason for air cargo investing in automation and digitization.
Moreover, the adoption of the RFID enabled devices are expected to store data for easy transport that will also simplify tracking & identification of products. Software related to transportation management system will reduce the inefficiency and costs with saving time for operations. Few of the trends expected to boost the air cargo market during the forecast period are the blockchain for pharma logistics, artificial intelligence, and predictive analysis implementation in logistics operations.
The Pharmaceutical & Healthcare end-user segment is the leading end-user with highest CAGR in North America air cargo market. Medicines available today are sensitive and need to be kept in a consistent environment throughout their supply chain, which includes while they are stored before and after shipment. Any failure to maintain the temperature/moisture results in risking their efficiency, thereby, causing substantial financial losses to the drug manufacturers. Also, these drugs/medicines can harm the patients too. With a purpose to support the shipping of modern medicines, airports and air cargo centers worldwide are investing in required infrastructure to allow them to be effective players in pharma air cargo logistics industry. These facilities integrate temperature-controlled storage competencies, in addition to steady processing as well as handling of products to make sure that pharma shipments stay within the required temperature. Their development provides the prospective for extensive international pharma deliveries, which also includes more remote and distant areas, new markets for pharma companies.
The US is anticipated to lead the air cargo market across the North American region through the forecast period. The U.S. air cargo market is mature, and after the bounce back from the economic downturn, the growth is expected to be relatively slow till the mid of forecast period. However, with the increase in the country’s domestic traffic, it is expected to project the high Y-o-Y growth during the end of the forecast period. There has been a significant shift in U.S. air cargo market during the forecast period due to the rise in the e-commerce segment. After a consistent increase in the 1980s and 1990s, the air shipment volume flattened between 2001 and 2007, as the market matured. The market growth remains slow till 2013, after the global economic downturn of 2008 and 2009. In 2015, the U.S. market witnessed renewed interest and activities in expanding air cargo services to expedite the movement of e-commerce flows. Another potential factor that has a significant influence on air cargo market is burgeoning imports and exports. The imports and exports in the U.S. have grown up to nearly US$2 Tn over the past 25 years, where the transportation accounted for approximately 14% of jobs in the U.S. The figure given below highlights the revenue share of the US in the North American air cargo market in the forecast period:
By Type
By Service
By End-User
By Country
Companies Mentioned
The positive impact of the growing e-commerce sector is fueling 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. Logistic is a complex process which involves the flow of various goods and information across the network of suppliers, carriers, and warehouse. This complexity can be handled using software systems, which allows analyzing real-time and real-world data. This implementation of software systems improve the supply chain and also offers real-time visibility. Increased competitiveness in the industry is the primary reason for air cargo investing in automation and digitization.
Moreover, the adoption of the RFID enabled devices are expected to store data for easy transport that will also simplify tracking & identification of products. Software related to transportation management system will reduce the inefficiency and costs with saving time for operations. Few of the trends expected to boost the air cargo market during the forecast period are the blockchain for pharma logistics, artificial intelligence, and predictive analysis implementation in logistics operations.
The Pharmaceutical & Healthcare end-user segment is the leading end-user with highest CAGR in North America air cargo market. Medicines available today are sensitive and need to be kept in a consistent environment throughout their supply chain, which includes while they are stored before and after shipment. Any failure to maintain the temperature/moisture results in risking their efficiency, thereby, causing substantial financial losses to the drug manufacturers. Also, these drugs/medicines can harm the patients too. With a purpose to support the shipping of modern medicines, airports and air cargo centers worldwide are investing in required infrastructure to allow them to be effective players in pharma air cargo logistics industry. These facilities integrate temperature-controlled storage competencies, in addition to steady processing as well as handling of products to make sure that pharma shipments stay within the required temperature. Their development provides the prospective for extensive international pharma deliveries, which also includes more remote and distant areas, new markets for pharma companies.
The US is anticipated to lead the air cargo market across the North American region through the forecast period. The U.S. air cargo market is mature, and after the bounce back from the economic downturn, the growth is expected to be relatively slow till the mid of forecast period. However, with the increase in the country’s domestic traffic, it is expected to project the high Y-o-Y growth during the end of the forecast period. There has been a significant shift in U.S. air cargo market during the forecast period due to the rise in the e-commerce segment. After a consistent increase in the 1980s and 1990s, the air shipment volume flattened between 2001 and 2007, as the market matured. The market growth remains slow till 2013, after the global economic downturn of 2008 and 2009. In 2015, the U.S. market witnessed renewed interest and activities in expanding air cargo services to expedite the movement of e-commerce flows. Another potential factor that has a significant influence on air cargo market is burgeoning imports and exports. The imports and exports in the U.S. have grown up to nearly US$2 Tn over the past 25 years, where the transportation accounted for approximately 14% of jobs in the U.S. The figure given below highlights the revenue share of the US in the North American air cargo market in the forecast period:
Exhibit: US Air Cargo Market Revenue and Forecasts to 2027 (US$ Bn)
NORTH AMERICA AIR CARGO MARKET SEGMENTATIONBy Type
• Air Mail
• Air Freight
By Service
• Express
• Regular
By End-User
• Retail
• Pharmaceutical & Healthcare
• Food & Beverage
• Consumer Electronics
• Automotive
• Others
By Country
• U.S.
• Canada
• Mexico
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 North America Air Cargo Market – By Type
1.3.2 North America Air Cargo Market – By Service
1.3.3 North America Air Cargo Market – By End-user
1.3.4 North America Air Cargo Market – By Countries
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 North America PEST Analysis
PART 5. Air Cargo market – key industry dynamics
5.1 key market drivers
5.1.1 Positive impact of growing e-commerce sector
5.2 Restraints
5.2.1 Negative influence of market uncertainty
5.3 Opportunity
5.3.1 Increase in adoption of air freight services by consumer electronics industry
5.4 Future trends
5.4.1 Design and implementation of various software solutions
5.5 Impact analysis of drivers & restraints
PART 6. Air Cargo – NOrth america market analysis
6.1 North america Air Cargo market Overview
6.2 North America Air Cargo market Forecast and Analysis
PART 7. North america Air Cargo market Analysis – By type
7.1 Overview
7.2 North America Air Cargo market Breakdown, By type, 2018 & 2027
7.3 air mail
7.3.1 Overview
7.3.2 North America Air Mail Revenue and Forecasts to 2027 (US$ Mn)
7.4 air freight
7.4.1 Overview
7.4.2 North America Air Freight Market Revenue and Forecasts to 2027 (US$ Mn)
PART 8. North america Air Cargo market Analysis – By service
8.1 Overview
8.2 north america Air Cargo market Breakdown, By service, 2018 & 2027
8.3 express
8.3.1 Overview
8.3.2 North America Express Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 regular
8.4.1 Overview
8.4.2 North America Regular Market Revenue and Forecasts to 2027 (US$ Mn)
PART 9. Air Cargo market revenue and forecasts to 2027 –end-user
9.1 Overview
9.2 North america Air Cargo MARKET Breakdown, By end-user, 2018 & 2027
9.3 retail
9.3.1 Overview
9.3.2 North America Retail Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 pharmaceutical & Healthcare
9.4.1 Overview
9.4.2 North America Pharmaceutical & Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 food & beverages MARKET
9.5.1 Overview
9.5.2 North America Food & Beverages Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Consumer Electronics MARKET
9.6.1 Overview
9.6.2 North America Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Automotive
9.7.1 Overview
9.7.2 North America Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
9.8 Others
9.8.1 Overview
9.8.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
PART 10. north america Air Cargo market – Country Analysis
10.1 Overview
10.1.1 North America Air Cargo Market Breakdown, by Key Countries
10.1.1.1 U.S. Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.1.1 U.S Air Cargo Market Breakdown by Type
10.1.1.1.2 U.S. Air Cargo Market Breakdown by Service
10.1.1.1.3 U.S. Air Cargo Market Breakdown by End-User
10.1.1.2 Canada Air Cargo Market Revenue and Forecasts to 2027 (US$ MN)
10.1.1.2.1 Canada Air Cargo Market Breakdown by Type
10.1.1.2.2 Canada Air Cargo Market Breakdown by Service
10.1.1.2.3 Canada Air Cargo Market Breakdown by End-user
10.1.1.3 Mexico Air Cargo Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.1.3.1 Mexico Air Cargo Market Breakdown by Type
10.1.1.3.2 Mexico Air Cargo Market Breakdown by Service
10.1.1.3.3 Mexico 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. North America Air Cargo market Revenue and Forecasts to 2027 (US$ mn)
TABLE 2. North America Air Cargo market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 3. North america Air Cargo market Revenue and Forecasts to 2027 – By service (US$ Mn)
TABLE 4. North america Air Cargo market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 5. U.S. Air Cargo market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 6. U.S. Air Cargo market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 7. U.S. Air Cargo market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
TABLE 8. Canada Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 9. Canada Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 10. Canada Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 11. Mexico Air Cargo Market Revenue and Forecasts to 2027 – By type (US$ Mn)
TABLE 12. Mexico Air Cargo Market Revenue and Forecasts to 2027 – By Service (US$ Mn)
TABLE 13. Mexico Air Cargo Market Revenue and Forecasts to 2027 – By End-user (US$ Mn)
TABLE 14. Glossary of terms, Air Cargo market
list of figures
FIGURE 1. Air Cargo market segmentation
FIGURE 2. Air Cargo market segmentation – BY Region
FIGURE 3. north america Pharmaceutical & Healthcare Air Cargo market, 2018 & 2027 (US$mN)
FIGURE 4. Air Cargo market ecosystem analysis
FIGURE 5. North America PEST Analysis
FIGURE 6. North America Impact Analysis of DRivers and restraints
FIGURE 7. North America Air Cargo market Forecast and Analysis, (US$ mn)
FIGURE 8. North america Air Cargo market Breakdown By type, 2018 & 2027 (%)
FIGURE 9. North America air mail Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 10. North America AIR FREIGHT Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 11. North America Air Cargo market Breakdown By service, 2018 & 2027 (%)
FIGURE 12. North America express Market Revenue and Forecasts to 2027 (US$ Bn)
FIGURE 13. North America regular Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 14. North America Air Cargo Market Breakdown, By end-user, 2018 & 2027 (%)
FIGURE 15. North America retail Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 16. North america Pharmaceutical & Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 17. north america food & beverages Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 18. north america Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 19. north america Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20. north america others Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21. North America Air Cargo market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 22. U.S. Air Cargo market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 23. Canada Air Cargo market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 24. Mexico Air Cargo market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 25. 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 North America 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 North America 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 North America 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