The global air cargo market is teeming with several international, regional, and local air cargo service providers, for the market to feature a fragmented vendor landscape, observes Transparency Market Research (TMR) in a new report. These players operate as chartered services, combination airlines, and all-cargo airlines, which makes the market intensely competitive. In addition, topnotch players are likely to foray in uncharted areas to up their revenue share in the market. These players are strategizing to keep air cargo fares most reasonable, which will help expand their customer base and up revenue.

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Prominent names in the global air cargo market include Cathay Pacific Cargo, FedEx Express, DHL Aviation, and UPS Airlines.

As per estimates of the TMR report, the global air cargo market is likely to be worth US$130.12 bn by the end of 2025, expanding at a CAGR of 4.9% for the forecast period between 2017 and 2025. By end user, pharmaceuticals and healthcare is likely to exhibit tremendous growth opportunities to the air cargo market. This is for urgent medical supplies to individuals affected from natural calamities and in war-torn areas. Geographically, Asia Pacific is anticipated to continue to remain leading air cargo market among other key regions.

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