Air transport and logistics market forms a major part of the global supply chain and includes air freights and other related logistics functions. Depending upon the functions, air transport & logistics market consists of air cargo airlines/air freight carriers and air freight forwarders. Cargo airlines carry air freights and are either owned by leading logistics companies or are part of passenger airlines. On the other hand, air freight forwarders have contracts with airlines and act as intermediary agents to carry out different logistics functions such as customs clearance, warehousing and distribution.
FedEx Express, Emirates SkyCargo, UPS Airlines, and Cathay Pacific Cargo are some of the major cargo airlines. The freight forwarding market is fragmented and competitive, with a number of dominant players controlling the market.
Economic uncertainties, declining freight rates and overcapacity of air cargos are posing major challenges for the air transport & logistics market. Of late, security has also emerged as a major concern for the air freight industry. This has led to the emergence of various cargo security and screening system technologies.
Growing E-commerce retail market globally is expected to be one of the key growth driver for air transport & logistics market. However, the majority of the global e-commerce logistics is controlled by integrated logistics companies such as FedEx, DHL and UPS while airlines operated freighters play an insignificant role in the space. Asia Pacific and Middle East remains to be the major growing markets.
ASDReport.com’s air transport and logistics market reports cover various aspects of the industry including, air cargo market, cargo security & screening, freight forwarding, air handling, among others.