Market Overview
The global Air Freight Market was valued at USD 319.4 Billion in 2024 and is projected to reach USD 492.7 Billion by 2033, growing at a CAGR of 4.9% during 2025-2033. Asia Pacific leads with a 39.5% share, driven by rising demand for fast cross-border transportation, growth in e-commerce, and continued technological advancements improving logistics efficiency.
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Study Assumption Years
• Base Year: 2024
• Historical Period: 2019-2024
• Forecast Period: 2025-2033
Air Freight Market Key Takeaways
• Current Market Size: USD 319.4 Billion (2024)
• CAGR: 4.9% (2025-2033)
• Forecast Period: 2025-2033
• Asia Pacific held 39.5% share in 2024
• Freight services accounted for 74.1% of revenue in 2024
• International destinations held 85.1% share in 2024
• Commercial end users captured 88.5% share in 2024
• The U.S. represented 84.10% of North America’s air freight market in 2024
Market Growth Factors
• Rapid expansion of e-commerce is a major market driver, with soaring demand for expedited deliveries worldwide. In India, e-commerce users are expected to reach 501.6 million by 2029, with penetration rising from 22.1% in 2024 to 34.0%, and average revenue per user projected at INR 14,121. Growing GMV levels reinforce the need for faster international air freight services.
• Increasing globalization and cross-border trade boost demand for efficient air cargo solutions. Technological advancements, including automation and digital tracking, improve transparency, reliability, and operational efficiency. Rising import-export volumes, especially for pharmaceuticals and perishables, further support growth.
• Rising international trade, expanding supply chains, and demand for fast deliveries drive industry advancement. Shenzhen Bao’an International Airport recorded a 101% surge in cross-border e-commerce cargo from January to July 2023. AI, IoT, and digital logistics platforms enhance resilience and efficiency, reinforcing long-term market expansion.
Market Segmentation
By Service:
• Freight
• Express
• Mail
• Others
• Freight dominates with 74.1% share in 2024, providing secure global transportation for fragile and hazardous goods.
By Destination:
• Domestic
• International
• International leads with 85.1% share, driven by high-value and perishable goods requiring fast intercontinental delivery.
By End User:
• Private
• Commercial
• Commercial segment holds 88.5% share, driven by manufacturers, retailers, and wholesalers relying on rapid freight services.
By Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Regional Insights
Asia Pacific leads the air freight market due to large-scale infrastructure investments, strong regional trade activity, and free-trade agreements like RCEP supporting cross-border movement. Growth in cold chain logistics, forecasted at a CAGR of 11.52% to reach USD 496.9 Billion by 2033, also supports rising demand for air transportation of perishables. Digital logistics platforms and low-cost carriers further boost operational efficiency.
Recent Developments & News
• February 2025: Nippon Express Co. Ltd. partnered with Nikon Corporation to provide SAF-enabled air freight services and CO₂ reduction certifications.
• February 2025: JAS acquired International Airfreight Associates B.V. to enhance its perishables-focused shipping network.
• January 2025: Freightos and Norwegian Cargo joined the WebCargo digital booking platform for real-time eBooking.
• January 2025: Finnair Cargo integrated with Cargo Portal Services (CPS) to expand its global booking capabilities.
• December 2024: China Airlines adopted IBS Software’s iCargo solution to modernize air freight operations.
• May 2024: Maersk opened a 90,000-square-foot air freight gateway in Miami, improving connections between Europe, Asia, and Latin America.
Key Players
• American Airlines Inc.
• ANA Cargo Inc.
• Bolloré Logistics
• Cargolux Airlines International S.A.
• Delta Air Lines Inc.
• Deutsche Bahn AG
• Deutsche Post AG
• DSV A/S
• Expeditors International of Washington Inc.
• FedEx Corporation
• Hellmann Worldwide Logistics SE & Co. KG
• Kuehne + Nagel International AG
• Nippon Express Co. Ltd.
• Qatar Airways
• United Parcel Service Inc.
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