The Business Research Company’s latest report Air Cargo Services Global Market Report 2020 covers Air Cargo Services market drivers, Air Cargo Services market trends, Air Cargo Services market segments, Air Cargo Services market growth rate, Air Cargo Services market major players, and Air Cargo Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Air Cargo Services industry, along with revised market numbers due to the effects of the coronavirus.
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Air Cargo Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global air cargo services market is expected to grow from $65.4 billion in 2019 to $67.4 billion in 2020 at a compound annual growth rate (CAGR) of 3.1%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 14% from 2021 and reach $95.5 billion in 2023.
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The report covers the air cargo services market’s segments-
1) By Type: Air Mail; Air Freight
2) By Destination: Domestic; International
3) By End-User: Consumer Electronics; Retail; Third Party Logistics; Food And Beverages; Pharmaceuticals And Healthcare; Others
4) By Service: Express; Regular.
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