Air Freight Market Size, Share, Growth Analysis, By Type(Domestic Air Freight and International Air Freight), By End-User(Airport-To-Airport Service, and Door-To-Door Service), By Region - Industry Forecast 2024-2031

Global Air Freight Market size was valued at USD 67.2 billion in 2022 and is poised to grow from USD 74.12 billion in 2023 to USD 162.39 billion by 2031, growing at a CAGR of 10.3% during the forecast period (2024-2031).

Rapid expansion of the e-commerce and online shopping industries is projected to be a prime factor driving up the demand for air freight on a global level. An increase in international trade activity and growing globalization are also expected to create new opportunities for air freight companies over the coming years. Advancements in air cargo technologies and the growing number of air cargo aircraft are also expected to aid air freight market development going forward. Increasing preference for same-day deliveries and rising use of air freight for the transportation of perishable items are also expected to uplift the demand for air freight solutions and services on a global level. Growing air travel activity and rising investments in the development of new air cargo solutions are also estimated to benefit market growth in the future. On the contrary, issues of airport congestion, high costs compared to other transportation, and environmental concerns regarding aircraft usage are slated to impede air freight market development potential in the future.