North America 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)
The North America air cargo market is expected to grow from US$ 31.94 billion in 2022 to US$ 43.20 billion by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
Constant Need to Transport Temperature-Sensitive Products is Fuelling North America Air Cargo Market
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 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. The International Air Transport Association (IATA) adopted an initiative to support air cargo sector to comply with the pharmaceutical manufacturers’ requirements. Along with air cargo stakeholders and regulators, the IATA formed the Center of Excellence for independent validators in pharmaceutical logistics. The IATA is highly focused on the compliance, safety, security, and efficiency of pharma transportation by forming recognized pharmaceutical product handling certification. Air cargo service providers are making necessary strides in cold-chain technology to fulfill the North America air cargo market.
North America Air Cargo Market Overview
The US and Canada are the highly advanced economies in North America, and industrialization has been a top priority, as well as a prime contributor to economic growth, in these countries. The US has the world’s most technologically advanced automotive, healthcare, aerospace & defense, and consumer electronics sectors. High-volume manufacturing and allied trades with other nations make it a strategic hub for transportation and logistics-based services. Being economically and technologically robust, companies in North America have large budgets to spend on transportation and logistics-based activities. In addition to this, the presence of a well-established digital infrastructure supports the expansion of the logistic service providers. Retail, food & beverages, and consumer electronics industries in North America are highly dependent on supply chain management providers for end-to-end delivery. The retail and consumer electronics industries in the region have grown due to the elevating spending power of consumers and their willingness to spend on these goods. As a result, the providers of these goods focus on manufacturing the high-quality product and allocate greater budgets for the supply chain management aspect. Lead logistics suppliers or air cargo service providers in North America seek to leverage these budget allocation strategies by various manufacturers and cater to their specific needs.
North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
North America Air Cargo Market Segmentation
The North America air cargo market is segmented based on type, service, end user, and country.
Based on type, the North America air cargo market is segmented into air mail and air freight. The air freight segment held a larger North America air cargo market share in 2022.
Based on service, the North America air cargo market is segmented into express and regular. The regular segment held a larger North America air cargo market share in 2022.
Based on end user, the North America air cargo market is segmented into retail, pharmaceutical & healthcare, food & beverage, consumer electronics, automotive, and others. The others segment held the largest North America air cargo market share in 2022.
Based on country, the North America air cargo market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US dominated the North America air cargo market in 2022.
ANA Cargo; Cargolux; Cathay Pacific Airways Limited; DHL International GmbH (Deutsche Post DHL Group); Emirates SkyCargo; Etihad Cargo; FedEx Corporation; Lufthansa Cargo AG; and United Parcel Service of America, Inc. are the leading companies operating in the North America air cargo market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Air Cargo Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Air Cargo Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rapid Adoption of E-Commerce Platforms
5.1.2 Constant Need to Transport Temperature-Sensitive Products
5.2 Market Restraints
5.2.1 Market Uncertainty
5.3 Future trends
5.3.1 Intelligent Cold Chain Solutions
5.3.2 Implementation of Several Software Solutions
5.4 Impact analysis of drivers & restraints
6. Air Cargo Market – North America Analysis
6.1 North America Air Cargo Market Overview
6.2 North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
7. North America Air Cargo Market Analysis – By Type
7.1 Overview
7.2 North America Air Cargo Market Breakdown, By Type (2021 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. North America Air Cargo Market Analysis– By Service
8.1 Overview
8.2 North America Air Cargo Market Breakdown, By Service (2021 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. North America Air Cargo Market Analysis – By End User
9.1 Overview
9.2 North America Air Cargo Market, By End User (2021 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. North America Air Cargo Market – Country Analysis
10.1 Overview
10.1.1 North America: Air Cargo Market, by Key Country
10.1.1.1 US: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 US: Air Cargo Market, by Type
10.1.1.1.2 US: Air Cargo Market, by Service
10.1.1.1.3 US: Air Cargo Market, by End User
10.1.1.2 Canada: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Canada: Air Cargo Market, by Type
10.1.1.2.2 Canada: Air Cargo Market, by Service
10.1.1.2.3 Canada: Air Cargo Market, by End User
10.1.1.3 Mexico: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 Mexico: Air Cargo Market, by Type
10.1.1.3.2 Mexico: Air Cargo Market, by Service
10.1.1.3.3 Mexico: Air Cargo Market, by End User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 ANA Cargo
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cargolux
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cathay Pacific Airways Limited
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 DHL International GmbH (Deutsche Post DHL Group)
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Emirates SkyCargo
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Etihad Cargo
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 FedEx Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 United Parcel Service of America, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Lufthansa Cargo AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. North America Air Cargo Market, by Key Country – Revenue and Forecast to 2028 (US$ Billion)
Table 3. US: Air Cargo Market, by Type –Revenue and Forecast to 2028 (US$ Billion)
Table 4. US: Air Cargo Market, by Service –Revenue and Forecast to 2028 (US$ Billion)
Table 5. US: Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 6. Canada: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 7. Canada: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 8. Canada: Air Cargo Market, by End User –Revenue and Forecast to 2028 (Canada$ Billion)
Table 9. Mexico: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Mexico: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Mexico: Air Cargo Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Air Cargo Market Segmentation
Figure 2. North America Air Cargo Market Segmentation – By Country
Figure 3. North America Air Cargo Market Overview
Figure 4. North America Air Cargo Market – By Type
Figure 5. North America Air Cargo Market – By Country
Figure 6. North America – PEST Analysis
Figure 7. North America Air Cargo Market – Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 11. North America Air Cargo Market Breakdown, By Type (2021 and 2028)
Figure 12. Air Mail: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 13. Air Freight: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 14. North America Air Cargo Market Breakdown, By Service (2021 and 2028)
Figure 15. Express: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Regular: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. North America Air Cargo Market Breakdown, By End User (2021 and 2028)
Figure 18. Retail: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Pharmaceutical & Healthcare: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Food and Beverage: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Consumer Electronics: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Automotive: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Others: North America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. North America: Air Cargo Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 25. North America: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. US: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Canada: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Mexico: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
- ANA Cargo
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America air cargo market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America air cargo market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the air cargo market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution