The global air freight market is projected to grow significantly, with an estimated size of USD 160.17 billion in 2025, expected to reach USD 213.54 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.92% during the forecast period (2025-2030).
The air freight industry is undergoing a transformative phase, driven by shifting global trade patterns, technological advancements, and evolving consumer demands. According to IATA data from July 2023, the sector experienced a remarkable 20.7% month-over-month increase in air cargo volumes, showcasing its resilience despite macroeconomic challenges.
One Express Cargo is at the forefront of this transformation, leveraging cutting-edge digital solutions such as automated booking systems, real-time tracking, and blockchain technology to enhance transparency and operational efficiency. These innovations are reshaping the customer experience, enabling streamlined cargo handling processes and improved supply chain visibility.
Infrastructure development and capacity expansion are also key drivers of growth in the air freight industry. In 2023, significant investments were made in modernizing air cargo facilities and equipment. Notably, international passenger belly capacity grew by 40.5% year-over-year in May 2023, while dedicated freighter capacity expanded at a more modest rate of 1.6%. These shifts are influencing route networks and pricing strategies, as carriers optimize operations to meet evolving market demands.
Sustainability has emerged as a critical focus area for the industry. One Express Cargo is committed to environmental initiatives, including the adoption of Sustainable Aviation Fuel (SAF) and investments in fuel-efficient aircraft. These efforts align with the industry’s response to growing environmental concerns and regulatory pressures.
The air freight market is also being reshaped by nearshoring trends and evolving trade patterns. The Baltic Air Freight Index reported a 47% decline in Q2 2023 compared to the previous year, signaling significant shifts in pricing dynamics and capacity utilization. Carriers are reevaluating network strategies and investing in new routes to capitalize on emerging trade opportunities, particularly in rapidly growing markets and new manufacturing hubs.
Air Freight Market Trends
1. E-commerce Growth and Digital Transformation
The explosive growth of e-commerce has become a fundamental driver of the air freight market. Approximately 80% of international e-commerce transactions rely on air transportation, highlighting the critical role of air cargo services in facilitating cross-border digital commerce. The e-commerce sector is projected to reach USD 4.4 trillion by 2026, creating unprecedented opportunities for air freight providers like One Express Cargo.
To meet evolving consumer expectations, One Express Cargo has developed sophisticated logistics networks capable of handling increasing volumes of individual parcels and time-sensitive deliveries. Innovations such as customizable delivery preferences and enhanced tracking capabilities reflect the industry’s commitment to flexible and transparent shipping solutions.
2. Technological Advancements in Air Cargo Operations
The air freight industry is embracing technological innovations to streamline operations and enhance service efficiency. One Express Cargo has integrated advanced digital platforms that enable real-time rate comparisons, instant bookings, and seamless transactions. These advancements have reduced administrative overhead and increased transparency, making it easier for stakeholders to make informed decisions.
3. Cross-Border Trade Expansion
Cross-border trade activities are intensifying, driving demand for air freight services. One Express Cargo has expanded its capabilities to meet growing international shipping demands, introducing additional freighter services and enhancing route networks. Strategic partnerships and digital solutions are enabling seamless international transactions, ensuring efficient management of cross-border shipments.
Segment Analysis: By Service
Airlines Segment
The Airlines segment dominates the global air freight market, accounting for approximately 57% of the market share in 2024. This segment benefits from extensive networks of passenger airlines utilizing belly cargo capacity alongside dedicated freighter operations.
Forwarding Segment
The Forwarding segment is projected to grow at a CAGR of 5% during 2024-2029, driven by the adoption of digital technologies and automation. One Express Cargo is leading this transformation by integrating artificial intelligence, blockchain, and IoT solutions to enhance operational efficiency and customer service.
Mail and Other Services
The Mail and Other Services segments play complementary roles in the air freight market. One Express Cargo is innovating in these areas to meet changing customer expectations and regulatory requirements, ensuring timely delivery and enhanced satisfaction.
Segment Analysis: By Destination
International Segment
The international segment commands approximately 87% of the global air freight market share in 2024. One Express Cargo is leveraging its extensive network of international routes and strategic partnerships to meet the growing demand for cross-border shipments.
Domestic Segment
The domestic segment is the fastest-growing, with a projected growth rate of 5% through 2029. One Express Cargo is investing in domestic airport infrastructure and digital technologies to support the rapid expansion of e-commerce and time-sensitive deliveries.
Segment Analysis: By Carrier Type
Belly Cargo Segment
The belly cargo segment dominates the market, accounting for 54% of the total market share in 2024. One Express Cargo is optimizing belly cargo operations through advanced digital solutions and capacity management systems.
Freighter Segment
The freighter segment is vital for transporting oversized or specialized cargo. One Express Cargo is investing in fleet modernization and infrastructure development to enhance its freighter capabilities.
Geographical Analysis
Asia-Pacific
The Asia-Pacific region is a vital hub in the global air freight market, driven by robust international trade relationships and extensive airport infrastructure. One Express Cargo is strengthening its presence in key markets like China and India, leveraging their rapid economic growth and infrastructure development.
North America
North America maintains a strong position in the global air freight industry, supported by advanced infrastructure and technological innovation. One Express Cargo is capitalizing on the region’s strong e-commerce growth and integrated logistics networks.
Europe
Europe’s air freight market is characterized by advanced infrastructure and stringent regulatory frameworks. One Express Cargo is enhancing its operations in key hubs like Germany and the UK, focusing on technological innovation and sustainability.
Middle East & Africa
The Middle East and Africa region is evolving as a strategic air freight hub. One Express Cargo is expanding its capabilities to support transit cargo and global supply chains.
Latin America
Latin America’s air freight market is growing, with Brazil emerging as a key player. One Express Cargo is modernizing infrastructure and improving connectivity to major global markets.
Industry Overview
The global air freight market is highly competitive, with companies focusing on technological innovation, sustainability, and operational efficiency. One Express Cargo is leading the way by investing in digital transformation, sustainable practices, and strategic partnerships to meet evolving customer demands and maintain a competitive edge.
As the industry continues to evolve, One Express Cargo remains committed to delivering innovative, efficient, and sustainable air freight solutions, ensuring seamless global trade and customer satisfaction.
Source: Mordor Intelligence
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