Air Cargo Market Size, Share, Growth Analysis, By Type of cargo(General cargo, perishable goods, pharmaceuticals, e-commerce parcels), By Service type(Express delivery, freight forwarding, charter services, and courier services), By Region - Industry Forecast 2024-2031

North America is the dominating region in the global air cargo market, each playing a different role in the growth of the industry. North America, especially the U.S., is the largest and mature market. It is a hub for both domestic and international air freight, driven by strong e-commerce demand and complex logistics policies for Air majors such as FedEx, UPS and DHL have a large operation. North America benefiting from a well-established supply chain, in terms of a combination of logistics and advanced technologies.  

On the other hand, Asia Pacific is growing rapidly and emerging as the fastest growing region in the air cargo market. China, Japan, South Korea, and Southeast Asian countries are mainly contributing to the market. The region’s role its position as a global manufacturing powerhouse, with significant exports, especially electronics, auto parts, clothing and perishables. The rise of e-commerce giants such as Alibaba and the increasing preference for fast delivery options are further accelerating demand for air freight services. Additionally, major airports like Hong Kong International Airport, Incheon International Airport, and Shanghai Pudong International Airport serve as key air cargo hubs, facilitating massive cargo traffic between Asia Pacific.