Friday, May 31, 2024 The Business Research Company (TBRC) has released updated market reports with projections extending to 2033. Their “Air Freight Global Market Report 2024” provides comprehensive data and analysis for industry stakeholders. Market Poised for Expansion TBRC’s market forecast predicts the global air freight market to reach $396.
84 billion by 2028, reflecting a robust compound annual growth rate (CAGR) of 5.5%. This growth is primarily driven by the surging demand for fast and reliable delivery solutions across various industries.
The air freight market size is expected to see strong growth in the next few years. It will grow to $396.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.
5%.” — The Business Research Company Asia-Pacific Region Takes the Lead The report identifies the Asia-Pacific region as the anticipated leader in terms of market share. This dominance is likely attributable to the region’s burgeoning economies and expanding trade activities.
Key Players Shaping the Landscape Major players exerting a significant influence on the air freight market include established logistics companies like Deutsche Post AG, United Parcel Service Inc., and FedEx Corporation. Additionally, leading airlines like Deutsche Bahn AG, Delta Air Lines Inc.
, and American Airlines Inc. play a crucial role in facilitating global air cargo movement. Market Segmentation for Granular Analysis The report offers a detailed segmentation of the air freigh.