Middle East and Africa Air Cargo Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Air Mail and Air Freight), Service (Express and Regular), and End User (Retail, Pharmaceutical & Healthcare, Food & Beverage, Consumer Electronics, Automotive, and Others)

Code: TIPRE00024047 | Pages: 128 | Industry: Automotive and Transportation | Date: Aug 2021 | Type: Regional

Market Introduction

The Middle East and Africa includes countries such as South Africa, Saudi Arabia, and the UAE. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the demands of air cargo products and services across various sectors. The Gulf countries are economically developed countries whereas the African countries are yet to match up to their economic conditions and lag far behind. The tough weather conditions of the desert, lack of unskilled labors, and high wages of laborers in the region hinder the establishment of manufacturing plants. Countries in the Middle East are looking forward for the adoption of value-added logistics services. The few of the MEA countries stand among the highly urbanized nations, and several projects of construction of new cities are underway in the region. Responding towards a shift occurring in global economic power has positioned the Middle East firmly as a world’s fastest-growing market. Also, smart cool chain solutions is the major factor driving the growth of the MEA air cargo market.

The major countries in the MEA that are facing the economic impact of COVID-19 include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait, among others. However, as per a 2020 report by IATA, Middle Eastern carriers posted an 8.8% rise in international cargo volumes in February versus February 2019. Of the region’s key international routes, Middle East–Asia and Middle East–North America have provided the most significant support, rising 27% and 17%, respectively, in February compared to February 2019. February capacity was down 14.9% compared to the same month in 2019. Moreover, the African airlines’ cargo demand in February increased a massive 44.2% compared to the same month in 2019. This can be attributed to the extensive expansion on the Asia–Africa trade lanes that has contributed to the strong growth. Furthermore, as per IATA, international capacity grew by 9.8% compared to February 2019. Hence, the overall region is witnessing positive growth influenced by the pandemic.

 

 


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Market Overview and Dynamics

The air cargo market in MEA is expected to reach US$ 27.82 billion by 2028 from US$ 17.70 billion in 2021. The market is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The transportation of temperature-sensitive products including drugs, chemicals, and medicines is creating a huge opportunity for the air cargo market. For instance, almost 68% of all biotech products are considered to be temperature-sensitive. In addition, Marken announced clinical home healthcare services that include clinical drug storage, direct-to-patient delivery, biologic sample collection, central pharmacy, and home care/nursing services. Thus, the pharmaceutical companies are highly dependent on air transportation due to factors such as time-sensitivity and temperature-controlled transportation. The rapid growth of the pharmaceutical industry resulted in augmenting the demand for transportation services for temperature-sensitive cargo. The demand is anticipated to increase with new pharmaceutical and biotechnology products entering the market every day. Therefore, airlines using advanced cool chain solutions will be well-placed to take full advantage of this sector as it grows. Therefore, airlines can expect increasing demand for shipping services that cater to their specific needs with the pharmaceutical industry is anticipated to increase further in the next several years.

Key Market Segments

The MEA air cargo market is segmented into type, services, end user, and country. Based on type, the market is segmented into air mail and air freight. The air freight segment dominated the market in the year 2020 and is also expected to be the fastest growing during forecast period. Based on services, the market is segmented into express and regular. The regular segment dominated the market in year 2020 and express segment is expected to be the fastest growing during the forecast period. Based on end- user, the market is segmented into retail, pharmaceutical and healthcare, food and beverage, consumer electronics, automotive, and others.  The others segment dominated the market in year 2020 and pharmaceutical and healthcare segment is expected to be the fastest growing during the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the air cargo market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cargolux; Cathay Pacific Airways Limited; DHL International GmbH (Deutsche Post DHL Group); Emirates SkyCargo; Etihad Cargo; FedEx Corporation; Lufthansa Cargo AG; United Parcel Service of America, Inc.; and Zela Aviation The Air Charter Company among others.

Reasons to buy report

  • To understand the MEA air cargo market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA air cargo market
  • Efficiently plan M&A and partnership deals in MEA air cargo market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA air cargo market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

 

MEA Air Cargo Segmentation

MEA Air Cargo Market -By Type

  • Air Mail
  • Air Freight

MEA Air Cargo Market -By Services

  • Express
  • Regular 

MEA Air Cargo Market -By End User

  • Retail
  • Pharmaceutical and Healthcare
  • Food and Beverage
  • Consumer Electronics
  • Automotive
  • Others

 

MEA Air Cargo Market -By Country

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

MEA Air Cargo Market -Company Profiles

  • Cargolux
  • Cathay Pacific Airways Limited
  • DHL International GmbH (Deutsche Post DHL Group)
  • Emirates SkyCargo
  • Etihad Cargo
  • FedEx Corporation
  • Lufthansa Cargo AG
  • United Parcel Service of America, Inc.
  • Zela Aviation The Air Charter Company

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        MEA Air Cargo Market – By Type

1.3.2        MEA Air Cargo Market – By Service

1.3.3        MEA Air Cargo Market – By End User

1.3.4        MEA Air Cargo Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           MEA Air Cargo Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           MEA Air Cargo Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Swift Adoption of E-Commerce Platforms

5.1.2        Constant Need to Transport Temperature-Sensitive Products

5.2         Market Restraints

5.2.1        Market Doubtfulness

5.2.2        Complex of Temperature-Sensitive Cargo

5.3         Opportunity

5.3.1        Refinement in Airport Infrastructure

5.4         Future trends

5.4.1        Smart Cool Chain Solutions

5.4.2        Enforcement of Several Software Solutions

5.5         Impact analysis of drivers & restraints

6.           Air Cargo Market – MEA Market Analysis

6.1         MEA Air Cargo Market Overview

6.2         MEA Air Cargo Market Revenue and Forecast to 2028(US$ Billion)

7.           MEA Air Cargo Market Analysis – By Type

7.1         Overview

7.2         MEA Air Cargo Market Breakdown, By Type (2020 and 2028)

7.3         Air Mail

7.3.1        Overview

7.3.2        Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

7.4         Air Freight

7.4.1        Overview

7.4.2        Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

8.           MEA Air Cargo Market Analysis– By Service

8.1         Overview

8.2         MEA Air Cargo Market Breakdown, By Service (2020 and 2028)

8.3         Express

8.3.1        Overview

8.3.2        Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

8.4         Regular

8.4.1        Overview

8.4.2        Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9.           MEA Air Cargo Market Analysis – By End User

9.1         Overview

9.2         MEA Air Cargo Market, By End User (2020 and 2028)

9.3         Retail

9.3.1        Overview

9.3.2        Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9.4         Pharmaceutical & Healthcare

9.4.1        Overview

9.4.2        Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9.5         Food & Beverage

9.5.1        Overview

9.5.2        Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9.6         Consumer Electronics

9.6.1        Overview

9.6.2        Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9.7         Automotive

9.7.1        Overview

9.7.2        Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

9.8         Others

9.8.1        Overview

9.8.2        Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

10.        MEA Air Cargo Market – Country Analysis

10.1      Overview

10.1.1     MEA: Air Cargo Market, by Key Country

10.1.1.1       South Africa: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.1.1.1       South Africa: Air Cargo Market, by Type

10.1.1.1.2       South Africa: Air Cargo Market, by Service

10.1.1.1.3       South Africa: Air Cargo Market, by End User

10.1.1.2       Saudi Arabia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.1.2.1       Saudi Arabia: Air Cargo Market, by Type

10.1.1.2.2       Saudi Arabia: Air Cargo Market, by Service

10.1.1.2.3       Saudi Arabia: Air Cargo Market, by End User

10.1.1.3       UAE: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.1.3.1       UAE: Air Cargo Market, by Type

10.1.1.3.2       UAE: Air Cargo Market, by Service

10.1.1.3.3       UAE: Air Cargo Market, by End User

10.1.1.4       Rest of MEA: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

10.1.1.4.1       Rest of MEA: Air Cargo Market, by Type

10.1.1.4.2       Rest of MEA: Air Cargo Market, by Service

10.1.1.4.3       Rest of MEA: Air Cargo Market, by End User

11.        MEA Air Cargo Market- COVID-19 Impact Analysis

11.1      Overview

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

13.        Company Profiles

13.1      Cargolux

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Cathay Pacific Airways Limited

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      DHL International GmbH (Deutsche Post DHL Group)

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Emirates SkyCargo

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Etihad Cargo

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      FedEx Corporation

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      United Parcel Service of America, Inc.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Zela Aviation The Air Charter Company

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Lufthansa Cargo AG

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

LIST OF TABLES

Table 1.             MEA Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

Table 2.             MEA Air Cargo Market, by Country – Revenue and Forecast to 2028 (US$ Billion)

Table 3.             South Africa: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)

Table 4.             South Africa: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)

Table 5.             South Africa: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)

Table 6.             Saudi Arabia: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)

Table 7.             Saudi Arabia: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)

Table 8.             Saudi Arabia: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)

Table 9.             UAE: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)

Table 10.          UAE: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)

Table 11.          UAE: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)

Table 12.          Rest of MEA: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)

Table 13.          Rest of MEA: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)

Table 14.          Rest of MEA: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)

Table 15.          List of Abbreviation



LIST OF FIGURES

Figure 1.           MEA Air Cargo Market Segmentation

Figure 2.           MEA Air Cargo Market Segmentation – By Country

Figure 3.           MEA Air Cargo Market Overview

Figure 4.           Air Freight Segment held the largest share of MEA Air Cargo Market – By Type

Figure 5.           Regular Segment held the largest share of MEA Air Cargo Market – By Service

Figure 6.           UAE to Show Great Traction During Forecast Period

Figure 7.           MEA: PEST Analysis

Figure 8.           MEA Air Cargo Market – Ecosystem Analysis

Figure 9.           Expert Opinions

Figure 10.        Impact Analysis of Drivers and Restraints

Figure 11.        MEA Air Cargo Market Revenue and Forecast to 2028(US$ Billion) (US$ Billion)

Figure 12.        MEA Air Cargo Market Breakdown, By Type (2020 and 2028)

Figure 13.        MEA Air Mail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 14.        MEA Air Freight: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 15.        MEA Air Cargo Market Breakdown, By Service (2020 and 2028)

Figure 16.        MEA Express: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 17.        MEA Regular: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 18.        MEA Air Cargo Market Breakdown, By End User (2020 and 2028)

Figure 19.        MEA Retail: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 20.        MEA Pharmaceutical & Healthcare: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 21.        MEA Food and Beverage: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 22.        MEA Consumer Electronics: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 23.        MEA Automotive: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 24.        MEA Others: Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)

Figure 25.        MEA: Air Cargo Market, by Key Country-Revenue 2020 (US$ Billion)

Figure 26.        MEA: Air Cargo Market Revenue Share, by Key Country (2020 and 2028)

Figure 27.        South Africa: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 28.        Saudi Arabia: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 29.        UAE: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 30.        Rest of MEA: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 31.        Impact of COVID-19 Pandemic in MEA Markets

  1. Cargolux
  2. Cathay Pacific Airways Limited
  3. DHL International GmbH (Deutsche Post DHL Group)
  4. Emirates SkyCargo
  5. Etihad Cargo
  6. FedEx Corporation
  7. Lufthansa Cargo AG
  8. United Parcel Service of America, Inc.
  9. Zela Aviation The Air Charter Company
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