According to the latest report by IMARC Group, titled “United States air freight Market Growth, Size, Share, Industry Trends, Opportunity and Forecast 2022-2027“, the United States air freight market is expected to exhibit a CAGR of 4.47% during 2022-2027.
Air freight or air cargo is a shipment that guarantees expeditious transportation of various perishable consumer goods through a chartered and schedule carrier. It involves coordination between logistics and local carriers for gathering and loading items from warehouses. Air freight aids in diminishing storage requirements, maintaining high-security standards for eliminating theft, and reducing the risk of product damage at low premium insurance.
| United States Air Freight Market Report Scope | |
| Report Coverage | Details |
| Growth Rate | CAGR of 4.47% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
United States Air Freight Market Trends and Drivers:
One of the prime factors driving the market is the increasing need for effective, speedy shipping solutions to deliver valuable products such as vegetables, documents, fashionable garments, and automotive parts in the United States.
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Besides this, the increased uptake of air freight for distributing vaccines through temperature-sensitive systems due to the rapid onset of coronavirus disease (COVID-19) outburst across the country represents another growth-inducing factor.
Additionally, the combination of the internet of things (IoT), artificial intelligence (AI), cool-chain solutions and e-air waybill (eAWB) for optimizing logistics has propelled the market growth. Along with this, the substantial utilization of e-commerce platforms and the escalating demand for the fast delivery of consumer goods are creating the need for competent packaged transport services such as, air freight.
Moreover, recurring mergers and acquisitions (M&A) amongst key players to introduce secure shipment solutions for the import and export of products are creating a positive market outlook across the country.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
United States Air Freight Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of region, service, destination and end user.
Breakup by Service:
- Freight
- Express
- Others
Breakup by Destination:
- Domestic
- International
Breakup by End User:
- Private
- Commercial
Breakup by Region:
- Northeast
- Midwest
- South
- West
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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