As per WACD, the global rates are 10% below the average rates recorded during the same time last year. As illustrated by Xenetas graph below, August has seen a plateau in rates between Europe and North America, leveling off below those seen in 2020 and 2021, but still much higher than 2019s typical rates. Air cargo demand softened in September, as cargo tonne-km (CTKs) fell 10.6% compared to the same month in 2021, according to the latest IATA airfreight Air Cargo Container Market Will Reach 240.91 USD at A At Research Reports World, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Global Air Cargo Management Market 2022: Growth Rate, IBA House, 7 The Crescent, Leatherhead, Surrey KT22 8DY, Vote for IBA - Appraiser of the Year, in the Aviation 100 Awards. endobj 71 Ayer Rajah Crescent, Singapore 139951, STAT Times Interview at IATA WCS in London, Subscribe to get notified about the latest updates, https://www.maersk.com/news/articles/2022/09/27/asia-pacific-market-update-september, https://aircargoeye.com/new-freighters-boost-lufthansa-cargos-winter-flights-schedule/, https://www.forbes.com/sites/ceciliarodriguez/2022/09/26/traveling-to-europe-expect-more-strikes-cancellations-and-delays-this-fall-and-winter/?sh=a2b6651251a1, https://www.iata.org/en/iata-repository/publications/economic-reports/air-cargo-market-analysis/. Figure 4: Global: Air Cargo Market Forecast: Price Trends, 2022-2027 According to IATA, January 2022 air cargo capacity has only increased by 3% YoY and remains around 9% below January 2019 levels. It is likely that these higher oil prices will result in extra costs of transporting air cargo being passed on to consumers. The resultant collapse in passenger air travel forced many operators to shift their strategies to stay competitive, and the boom in global ecommerce further strengthened the need for effective air freight to support global supply chains. The global air freight market is segmented by service (Forwarding, Airlines, Mail, and Other Services), destination (Domestic and International), carrier type (Belly Cargo and Freighter), and Figure 10: Global: Air Cargo Industry: Value Chain Analysis 4.2 Key Industry Developments HQb=X>~.4? This can be attributed to the downward shift of air cargo volumes after the first Executive Summary Some of the worlds largest air cargo operators are signaling a slowing of the burgeoning demand that has characterized pandemic times. Global Air Cargo Market further eight Boeing 767 freighters in August, Maersk is launching its own air cargo operation. According to the Baltic Air Index, the cost to ship by air in September from Hong Kong and Shanghai to North America sank 19% and 42% on a yearly basis, but were still up 175% and 92%, respectively, compared to pre-pandemic levels. Figure 21: Asia Pacific: Air Cargo Market: Breakup by Segment, 2021 8.3 Key Success Factors Final Report will add the analysis of the impact of COVID-19 on this industry. Air Cargo Market Analysis - BIFA Several methodologies and analyses are used in the research report to provide in-depth and accurate information about the Air Cargo Market, List of TOP KEY PLAYERS in Air Cargo Market Report are. Figure 12: Global: Air Cargo Industry: Porters Five Forces Analysis The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Fiberglass Tanks market in 2021. 9.2 Germany Air Cargo Market Size. The Global Air Cargo market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2027. The study covers all the requisite aspects that one needs to know while making a foray into the optical lenses industry. Which commercial aircraft make the most cost-effective freighter conversions? 2.2.1 Bottom-Up Approach 1 0 obj The most notable deviations are observed within the Latin America and North America regions by -10% and -9% respectively. The relevant market information is collected from government databases, newspapers, personal interviews, project reports official websites. Global Air Cargo Market: SWOT Analysis Our advisory teams can offer you a full range of services, including cargo market analysis, P2F conversion management and fleet selection strategies to reach fully informed investment conclusions, while taking into considerations historical, current and future market conditions. The points that are discussed within the report are the major Air Cargo market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The GCC indoor lbsmarket was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. 4.7Market Breakup By Service Research Methodology 9.5 Middle East and Africa Amazon, as a company, lost a massive $3.8 billion in the first quarter of the year. 4.3.2 Historical Market Trends Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. The defendant appeared before a U.S. Magistrate Judge for the U.S. District Court of the Western %PDF-1.7 The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the air cargo industry. Moreover, Consumer behaviour analysis and market dynamics like drivers, restraints, opportunities and provides crucial information for knowing the Air Cargo market. The report has evaluated the data collecting primary and secondary data. The International Air Transport Association (IATA) announced passenger data for September 2022 showing that the recovery in air travel continues to be strong. Aided by the rising disposable incomes and the rising demand for oil and mining equipment, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 12%. 4.3.3 Impact of COVID-19 Looking forward, IMARC Group expects the market to reach US$ 1,179 Million by 2027, 5.2 Research and Development 5.6 Marketing The impact of the COVID-19 pandemic on Air Cargo market share, global consumer prices, and annual growth rate was also examined in the study. It is no coincidence that the strongest growth seen within the freighter sector since 1999 coincides with the COVID-19 pandemic. It is reportedly now rationalizing its air network due to having fewer warehouses to supply. Besides the standard structure reports, we also provide custom research according to specific requirements. Project product values and regional Air Cargo markets are estimated by market analyst, data analyst and people from related industry, based on companys revenue and applications market respectively. Other operators have reduced or cancelled Asia flights altogether. The data released by IATA for global air freight markets showed that full-year demand for air cargo increased by 6.9 per cent in 2021, compared to 2019 (pre-covid levels) and 18.7 per cent compared to 2020 following a strong performance in December 2021. Despite the timing, several major air cargo operators are starting to show signs that they are anticipating a drop in demand, or at the very least, a flattening of the accelerated capacity requirements that characterized the pandemic. On a regional basis, the report examines the air cargo market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. https://www.researchreportsworld.com/enquiry/request-sample/21532823, https://www.researchreportsworld.com/enquiry/request-covid19/21532823, https://www.researchreportsworld.com/enquiry/pre-order-enquiry/21532823, https://www.researchreportsworld.com/purchase/21532823, https://www.researchreportsworld.com/TOC/21532823#TOC, Air Cargo Market 2022-2027 size, Share Analysis, Latest Trends and Growing Demand Analysis, Future Demand, Global Business Trends, Industry Size and Leading Companies with their Growth Strategy. Moreover, in order to determine market attractiveness, the report analyses the air cargo Industry along the parameters of Porters Five Forces model. 9.1.4 Market Forecast *EUEY Meanwhile, the marginal reduction in overall capacity in the key corridor of Asia-Pacific to North America by 3% and the route backwards by 4% is most likely owing to the on-going dispute over traffic rights between China and US, leading to cancellation of some flights. Global supply chain disruption continues, with heightened e-Commerce demand thanks to a shift in consumer spending habits, which has pushed ocean shipping rates to >7x their 2019 levels. Performance By Region By mid-September 2022, the share of cargo weight sold in the spot market was 43%, up eight percentage points from 34% three years ago. 4.4.2 Pricing Structure Finally, the report contains the conclusion part where the opinions of the industrial experts are included. This includes the study of value and volume trends and pricing history. Figure 20: Asia Pacific: Air Cargo Market, 2016-2021 Compounding that demand pressure was an increase in people using ecommerce for their shopping, as retail stores stayed closed, and people chose (or were made) to stay at home. This saw it shutting down or halting construction of a record number of warehouses 44 in total, and 2.5 times more than were previously earmarked for closure, according to American Shipper. GCC Indoor LBS Market by Solution Type, by Technology, by Application and by Vertical: Industry Analysis, Trends, Growth and Forecast 2022-2027. Air Cargo Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast,2022-2027provides a deep and thorough evaluation of the global air cargo market. Furthermore, the value chain analysis of the air cargo Industry has also been covered in the report. This factor is expected to drive the growth of the Air Cargo Container Market. 9.1 Europe Air Cargo Market Size. 9.5.1 Overview Air Cargo Market Forecast report gives required information regarding the total valuation that this industry holds presently, and it also lists the segmentation of the market along with the growth opportunities present across this business vertical. 9.1.2 Market Trends 7.5 Bargaining Power of Suppliers Winchester Kentucky Man Charged with Assaulting Two Figure 11: Global: Air Cargo Industry: SWOT Analysis 9. From March to August, it averaged just 3.8% monthly growth. Herv Bonis, deputy chief executive, Seafrigo Group, says Omicron and seafreight issues will drive demand in the air: The overall global environment remains uncertain in the first quarter of 2022 due to the high circulation of the Omicron variant of Covid-19 in most western countries. The freighter capacity from Asia-Pacific to Europe has increased by 13% MoM and Europe to Asia-Pacific by 16%. Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. 9.3 Asia Pacific Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Figure 7: Global: Air Cargo Market: Breakup by Service, 2021 The complete profile of the companies is mentioned. Portwood was charged by criminal complaint and was arrested on September 30, 2022. The resultant collapse in passenger air travel forced many operators to shift their strategies to stay competitive, and the boom in global ecommerce further strengthened the need for effective air freight to support global supply chains. Despite this, the air cargo market remains a volatile one moving through the first months of 2022. 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