DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Air Cargo Market to 2027 - Regional Analysis and Forecasts by Type; Service; and End User" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific air cargo market accounted for US$ 37.63 Bn in 2018 and is expected to grow at a CAGR of 5.2% over the forecast period 2019-2027, to account for US$ 59.13 Bn in 2027.
The rapid growth of the e-commerce sector in the region and rising demand from the temperature-sensitive product are the key driver that is propelling the growth of the air cargo market. Moreover, the airport infrastructures in Southeast Asian countries are supporting national carriers to expand air freights, which in turn is expected to boost the air cargo market growth in the forecast period.
Air cargo stakeholders have a tremendous opportunity in Southeast Asian countries such as Singapore, Thailand, Indonesia, and others. Southeast Asian country's airports are the fastest growing airports in the world. In November 2018, The Association of Southeast Asian Nations' (ASEAN) economic ministers signed an agreement to support the facilitation of cross border e-commerce between ASEAN members. Turkish Cargo is increasing its presence with the launch of new freighter services.
The airports of Singapore, Incheon, and Hong Kong, Taiwan are supporting national carriers to expand air freights in ASEAN countries and also encouraging operators to increase services. With these initiatives, it is expected to reduce the trade with China and grow in some transfer cargo traffic in Taiwan form ASEAN.
Companies such as APEX Logistics and SEKO Logistics are strategically expanded its operations in Southeast Asian countries. With the developing policies and infrastructure, it is expected that Southeast Asian countries will exhibit huge opportunity for air cargo vendors during the forecast period. The air cargo market players are focusing on various initiatives to enhance its reach to rural areas and boost its position in the market.
Some of the players present in air cargo market are
- ANA Cargo Inc. (ANA Group)
- Lufthansa Cargo AG
- United Parcel Service of America, Inc.
- Etihad Cargo
- FeDex Corporation
- Cargolux Airlines International S.A.
- DHL International GmbH
- Emirates SkyCargo
- Cathay Pacific Cargo
- Zela Aviation
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Air Cargo Market Landscape
4.1 Market overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
5. Air Cargo Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rapid Growth of E-Commerce Sector in the Region is Propelling the Air Cargo Market
5.1.2 Rising Demand from Temperature-Sensitive Product
5.2.1 The Market Uncertainty is Expected to Hinder the Air Cargo Market Growth
5.3.1 The Airport Infrastructures in Southeast Asian Countries are Supporting National Carriers to Expand Air Freights
5.4 Future Trends
5.4.1 Real-time Visibility Through Deployment of Several Software Solutions
5.5 Impact analysis of drivers & restraints
6. Air Cargo - Asia Pacific Market Analysis
6.1 Asia Pacific Air Cargo market Overview
6.2 Asia Pacific Air Cargo market Forecast and Analysis
7. Asia Pacific Air Cargo Market Analysis - By Type
7.2 Asia Pacific Air Cargo market Breakdown, By type, 2018 & 2027
7.3 Air Mail
7.4 Air Freight
8. Asia Pacific Air Cargo Market Analysis - By Service
8.2 Asia Pacific Air Cargo market Breakdown, By Service, 2018 & 2027
9. Asia Pacific Air Cargo Market Revenue and Forecasts to 2027 -End-User
9.2 Asia Pacific Air Cargo MARKET Breakdown, By End-User, 2018 & 2027
9.4 Pharmaceutical & Healthcare
9.5 Food & Beverages Market
9.6 Consumer Electronics Market
10. Air Cargo Market - Geographical Analysis
11. Industry Landscape
11.2 Market Initiative
11.3 investment scenario
11.4 New Product Development
12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/adfjix