United States Air Freight Market Outlook 2023-2028: Industry Growth, Report, Analysis
IMARC Group, a leading market research company, has recently releases report titled “United States Air Freight Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States air freight market trends, size, share and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the air freight market in the US?
The United
States air freight market is expected to exhibit a growth rate (CAGR) of 4.4%
during 2023-2028.
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Air freight, also known as air cargo, refers to the transportation of goods through aircraft from one location to another. It relies on a network of airports, carriers, and logistics providers, to ensure the smooth flow of goods. It plays a crucial role in the logistics and supply chain management of various industries and provides a quick and efficient means of transporting goods across long distances. It facilitates the rapid movement of goods ranging from perishable items to high-value goods. It offers enhanced speed as compared to other transportation methods, which makes it ideal for time-sensitive shipments. It assists in handling goods with care that minimizes the risk of damage during transit. It allows businesses to reduce their warehousing costs and maintain lower inventory levels. As it is less vulnerable to theft and tampering compared to other modes of transportation, the demand for air freight is increasing in the United States.
What is the trend in the United States Air Freight market?
At present, the rising adoption of air freight, as it has advanced tracking and monitoring systems that provide real-time visibility into the location and status of shipments, represents one of the major factors impelling the market growth in the United States.
Besides this, the growing demand for air freight among businesses seeking just-in-time inventory practices is offering a positive market outlook in the country. In line with this, the increasing preference for online shopping among the masses is bolstering the market growth in the United States. Apart from this, the rising adoption of more fuel-efficient aircraft is providing lucrative growth opportunities to industry investors in the country.
Furthermore, the increasing adoption of air freight
in crises or emergencies, such as natural disasters or medical supply needs, is
propelling the market growth in the United States. Moreover, the growing demand
for air freight, as it can be more environmentally friendly compared to other
modes of transportation, is strengthening the market growth in the
country.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Service:
· Freight
· Express
· Mail
· Others
Breakup by Destination:
· Domestic
· International
Breakup by End
User:
· Private
· Commercial
Breakup by Region:
· Northeast
· Midwest
· South
· West
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