South 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 South America air cargo market is expected to grow from US$ 6.13 billion in 2022 to US$ 7.41 billion by 2028. It is estimated to grow at a CAGR of 3.2% from 2022 to 2028.
Intelligent Cold Chain Solutions is Fuelling South America Air Cargo Market
Intelligent cold chain solutions are anticipated to provide the airlines with ability to manage sensitive cargo throughout the entire course of the supply chain. New developments in climate control, as well as heating and cooling, will enable modern cool chain services to protect their clients’ cargo. A good end-to-end intelligent cool chain solution will provide the IT tools required to make sure that temperature-sensitive cargo is handled appropriately and arrives at its destination on time. It should also mark a product as temperature controlled and allow staff to configure specific requirements the shipment may be subject to. In addition, next-generation platforms can also indicate what sustainable thermal packaging may be available for the product or commodity being shipped. It should also auto-stamp any temperature-sensitive cargo with the appropriate special handling code (SHC) to make sure that ground and ramp handling personnel are aware of the shipment’s handling requirements. Based on an item’s SHC and special handling instructions, ground personnel can quickly identify sensitive cargo for special treatment. Several companies are engaged in developing cool chain solutions that will provide growth opportunity for market soon.
South America Air Cargo Market Overview
The air cargo market in South America is segmented into Brazil, Argentina, and Rest of South America. The recent technological developments have had a direct impact on the economy of Brazil and Argentina. A recent study says that government enterprises, businesses, and consumers in the region are keen to implement and incorporate the upcoming technologies due to the changing economic condition in South America. This can be mainly attributed to cost saving advantages and higher work efficiencies achieved by deploying advanced technologies. Brazil is one of the fastest-growing countries in terms of urbanization. The governments of other emerging economies in South America are taking several initiatives to encourage industrial growth. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives such as signing international bilateral agreements and lifting restrictions on foreign investment. These steps are anticipated to catalyze the development of businesses in South American countries and trigger the trade activities. Industries such as automotive, manufacturing, electronics, food & beverages, and aerospace are embracing supply chain management solutions to ensure greater efficiency while reducing operational costs. This further bolsters the demand for air cargo transportation in South America. According to International Air Transport Association (IATA) report of March 2021, the Latin American airlines remained at the bottom of the growth chart, with ~24% decline in international cargo tonne-kilometers (CTKs) compared to the CTKs in March 2019. The region’s demand recovery has been stalling since Q3 2020 and the already weak supply has started to deteriorate recently (-4.3%m-o-m in March 2021).
South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
South America Air Cargo Market Segmentation
The South America air cargo market is segmented based on type, service, end user, and country.
Based on type, the South America air cargo market is segmented into air mail and air freight. The air freight segment held a larger South America air cargo market share in 2022.
Based on service, the South America air cargo market is segmented into express and regular. The regular segment held a larger South America air cargo market share in 2022.
Based on end user, the South America air cargo market is segmented into retail, pharmaceutical & healthcare, food & beverage, consumer electronics, automotive, and others. The others segment held the largest South America air cargo market share in 2022.
Based on country, the South America air cargo market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the South America air cargo market in 2022.
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 South 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. South America Air Cargo Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South 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 – South America Analysis
6.1 South America Air Cargo Market Overview
6.2 South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
7. South America Air Cargo Market Analysis – By Type
7.1 Overview
7.2 South 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. South America Air Cargo Market Analysis– By Service
8.1 Overview
8.2 South 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. South America Air Cargo Market Analysis – By End User
9.1 Overview
9.2 South 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. South America Air Cargo Market – Country Analysis
10.1 Overview
10.1.1 South America: Air Cargo Market, by Key Country
10.1.1.1 Brazil: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 Brazil: Air Cargo Market, by Type
10.1.1.1.2 Brazil: Air Cargo Market, by Service
10.1.1.1.3 Brazil: Air Cargo Market, by End User
10.1.1.2 Argentina: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Argentina: Air Cargo Market, by Type
10.1.1.2.2 Argentina: Air Cargo Market, by Service
10.1.1.2.3 Argentina: Air Cargo Market, by End User
10.1.1.3 Rest of South America: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.3.1 Rest of South America: Air Cargo Market, by Type
10.1.1.3.2 Rest of South America: Air Cargo Market, by Service
10.1.1.3.3 Rest of South America: 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 Cargolux
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 Cathay Pacific Airways Limited
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 DHL International GmbH (Deutsche Post DHL Group)
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 Emirates SkyCargo
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 Etihad Cargo
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 FedEx Corporation
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 United Parcel Service of America, Inc.
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 Lufthansa Cargo AG
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. South America Air Cargo Market, by Key Country – Revenue and Forecast to 2028 (US$ Billion)
Table 3. Brazil: Air Cargo Market, by Type –Revenue and Forecast to 2028 (US$ Billion)
Table 4. Brazil: Air Cargo Market, by Service –Revenue and Forecast to 2028 (US$ Billion)
Table 5. Brazil: Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 6. Argentina: Air Cargo Market, by Type –Revenue and Forecast to 2028 (US$ Billion)
Table 7. Argentina: Air Cargo Market, by Service –Revenue and Forecast to 2028 (US$ Billion)
Table 8. Argentina: Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Billion)
Table 9. Rest of South America: Air Cargo Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Rest of South America: Air Cargo Market, by Service – Revenue and Forecast to 2028 (US$ Billion)
Table 11. Rest of South America: Air Cargo Market, by End User –Revenue and Forecast to 2028 (Rest of South America$ Billion)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Air Cargo Market Segmentation
Figure 2. South America Air Cargo Market Segmentation – By Country
Figure 3. South America Air Cargo Market Overview
Figure 4. South America Air Cargo Market – By Type
Figure 5. South America Air Cargo Market – By Country
Figure 6. South America- PEST Analysis
Figure 7. South America Air Cargo Market – Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 11. South America Air Cargo Market Breakdown, By Type (2021 and 2028)
Figure 12. Air Mail: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 13. Air Freight: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 14. South America Air Cargo Market Breakdown, By Service (2021 and 2028)
Figure 15. Express: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Regular: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. South America Air Cargo Market Breakdown, By End User (2021 and 2028)
Figure 18. Retail: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Pharmaceutical & Healthcare: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Food and Beverage: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 21. Consumer Electronics: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. Automotive: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Others: South America Air Cargo Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. South America: Air Cargo Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 25. South America: Air Cargo Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. Brazil: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 27. Argentina: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 28. Rest of South America: Air Cargo Market – Revenue and Forecast to 2028 (US$ Billion)
- 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 South 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 South 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 South 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