We issue the biennial world air cargo forecast wacf to provide a comprehensive overview of the air cargo industry. Industrywide air freight tonne kilometres fell by 3. Top 5 airfreight trends to expect for 2019 air cargo world. Air cargo continues to face significant headwinds such as fallen global trade volumes, global economic activity. Stable cargo volumes point to a weak start to the peak season. Air cargo is cautiously looking for a mild 2% turnaround on volumes in 2020, according to the. Air cargo growth varies by airline domicile and service type. The market share of airlines based in asia and the middle. Iata air cargo demand continues negative 2019 trend. This continued the negative trend in yearonyear demand that began in january. Strategic trends in air cargo efreight and growth icao. Pdf although the global air cargo industry has recorded significant increase, it is expected that it will be more than doubled in the next two decade find. Technavios latest report on the global air cargo market provides an analysis of the most important trends expected to impact the market outlook.
Regardless of the approach taken, a companys response to market forces should be considered within the larger context of its competitive position and imperatives at a particular point in time. Every january brings with it anticipation of the months to come and what they hold for airfreight logistics. The market is anticipated to have a sustainable growth from 2017 to 2025. Global air freight industry growth, trends, and forecast. Pdf on jul 8, 2015, daniel wenzel and others published air cargo market assessments and forecasts find, read and cite all the research. Rethinking profitable growth in the transportation industry when efficiency is no longer enough. The air cargo industry differs from the passenger industry in that cargo is normally not booked roundtrip, so cargo flow is unpaired and often unbalanced, for example, with more demand for cargo moving in one direction but not the other. Every two years, the air cargo europe exhibition and conference brings the worlds leading trade fair for air cargo and logistics to the convention center in munich, germany. All strong air cargo industry verticals are presented in this study like product type, applications and geographical regions. Pdf air cargo market assessments and forecasts researchgate.
A market study with implications for landlocked countries. As pressures from demand, disruption, and supply continue to build, the sectors players should strive to become as agile as possible, to maintain air freight s speed advantage, and to deepen their partnerships. The freight segment of the air cargo component type holds a major share of market accounting to more than 65% in 2017. Top 3 emerging trends impacting the air cargo market. The forecast summarizes the worlds major air trade markets, identifies major trends, and presents forecasts for the future performance and development of markets, as well as for the world freighter airplane fleet. Air cargo is a concept when transportation of any good or commodity is to be carried out in an aircraft. The air cargo market experienced strong demand growth in 2017 growth which is continuing into 2018. Air freight industry growth, trends and forecast 2019.
Global air cargo market trends, analysis and forecast. This years conference, from june 4 to 7, will include hundreds of exhibitors from countries across the world, thousands of square feet of exhibition space, and tens of thousands of visitors. Prnewswire market overview while land and ship cargo transportation remain as favorable options, goods transport by air is considered as the quickest and. Air freight declines against softer market backdrop.
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