COVID-19 Impact and Recovery Analysis- Air Cargo Market 2020–2024 | Increased E-Commerce Sales to Boost Growth | Technavio
Technavio has been monitoring the air cargo market and it is poised to grow by 16.75 million tons during 2020–2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Air Cargo Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Air France-KLM SA, Cathay Pacific Airways Ltd., China Airlines Ltd., Delta Air Lines Inc., Deutsche Lufthansa AG, Deutsche Post DHL Group, FedEx Corp., International Consolidated Airlines Group SA, The Emirates Group, and United Parcel Service Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increased e-commerce sales have been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/air-cargo-market-industry-analysis
Air Cargo Market 2020–2024: Segmentation
Air Cargo Market is segmented as below:
- End-user
- Manufacturing
- FMCG And Retail
- Pharmaceuticals And Chemicals
- Other Industries
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41281
Air Cargo Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our air cargo market report covers the following areas:
- Air Cargo Market Size
- Air Cargo Market Trends
- Air Cargo Market Analysis
This study identifies the rise in the popularity of air cargo digitization as one of the prime reasons driving the air cargo market growth during the next few years.
