The air freight services market involves transportation of goods through airways. Some of the key services provided include freight forwarding, express delivery and mail services. Air cargo transportation provides a fast mode of transport compared to sea and roadways. It is especially crucial for time-sensitive cargo such as perishable goods, urgent documents and other high priority deliveries. The globalization of trade and availability of large cargo carrier aircrafts have propelled the growth of air freight over the past few decades.
The Global Air Freight Services Market is estimated to be valued at US$ 151.02 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 To 2031. Key Takeaways
Key players operating in the Air Freight Services market are Emirates SkyCargo, Cargolux Airlines International S.A., DHL Aviation, FedEx Express, Korean Air Caro and Cathay Pacific Airways Limited.
The e-commerce boom and increasing expectations of faster deliveries from consumers are driving demand for Air Freight Services Market Trend. Companies are integrating digital tools and blockchain technologies in their supply chain to enable real-time tracking and achieve high reliability and transparency.
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