Asia Pacific Air Cargo Market Forecast to 2028

Asia Pacific Air Cargo Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Air Mail and Air Freight), Services (Express and Regular), and End User (Retail, Pharmaceutical and Healthcare, Food and Beverage, Consumer Electronics, Automotive, and Others)

Report Code : TIPRE00005038 | Region : Asia Pacific | Industry : Aerospace and Defense | Published Date : 20/Jul/2022

The Asia Pacific air cargo market is expected to grow from US$ 38,355.21 million in 2022 to US$ 59,298.21 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2022 to 2028.

Online retailing attracts more prospective customers than brick-and-mortar-based competitors as the internet has a global reach. In addition, e-commerce market players choose from various logistics options, such as surface transport and air transport, to deliver packages to their customers. Therefore, as the e-commerce market is growing, varying buying patterns and trends have been observed in multiple countries across the Asia Pacific region. The majority of people's purchases are influenced by the country's demographics, such as the percentage of youth indulging in e-commerce activity, the economy of the country, the age group interested in e-commerce, and the level of awareness among the citizens in the Asia Pacific countries. Thus, e-commerce is expected to fuel the air cargo industry, as online shopping boosts the demand for parcel delivery services across Asia Pacific region. Air cargo can serve customers needs and deliver goods with speed, efficiency, and reliability. The fast-growing cross-border e-commerce market and the rising domestic volumes sent by large and small e-retailers are driving the Asia Pacific air cargo market growth.

Impact of COVID-19 Pandemic on Asia Pacific Air Cargo Market Size

Irrespective of a downfall in the airline sector during the COVID-19 pandemic due to travel restrictions imposed in many countries in Asia Pacific, the air cargo demand held up relatively well. However, supply chain disruptions and weakening business and consumer confidence due to increased uncertainties and rising unemployment adversely affected the air cargo businesses. As per the Association of Asia Pacific Airlines (AAPA), the air cargo sector plays an active role in the transportation of essential medical equipment and supplies. Many countries in Asia Pacific encouraged several airlines to modify their passenger aircraft for air freight transport temporarily. For instance, Fiji Airways modified one ATR 72-600 into a freighter configuration for cargo operations in June 2020. While a standard passenger ATR72-600 can only carry 1.7 metric tons of cargo, its freighter-modified model can carry up to 8 metric tons, making it suitable for Pacific Island countries, given the region's demand and operating conditions. Air Astana Cargo, a freight business founded in May 2020, announced that it would use three B767-300ERs, withdrawn from the airline's fleet and retrofitted for cargo transport. Such initiatives by airlines are driving the growth of the Asia Pacific air cargo market.

In terms of Asia Pacific air cargo market share, South Korea is expected to account for the fourth-largest market share in 2022. South Korea has one of the world’s biggest air cargo carrier industry. It has benefited from strong demand when the collapse of passenger traffic has reduced available transport space. For instance, Korean Air Lines observed a consolidated operating profit of US$ 97.55 billion (109 billion won) in 2020, as cargo sales helped offset a slump in passenger travel due to COVID-19 restrictions. The cargo sales jumped by 66% to US$ 3.00 billion (4.3 trillion won) in 2020 compared to 2019. Cargo sales were underpinned by the airline’s strategy to increase the operation rate of cargo planes and utilize idle passenger planes for transport, the airline said in a statement. Korean Air and Asiana Airlines, South Korea's two largest airlines, increased their operational earnings significantly in 2021, harnessing surging demand for cargo transport to help offset low passenger traffic. The need for COVID-19 diagnostic kits and auto parts has increased, and the demand for sea cargo has transferred to air transport, which is driving air cargo sales. Therefore, this leads to the significant growth of the air cargo market in South Korea. Further, in June 2022, as Korean Air continues to position itself for high cargo demand, it is considering a move for the new wide-body freighters released by Airbus and Boeing in recent months. Long-term strong cargo demand also prompted Airbus to launch its A350 freighter last year in 2021 and Boeing its 777X freighter in January 2022. Thus, increasing the number of aircraft in cargo service will boost the Asia Pacific air cargo market during the forecast period.

India is expected to be the fastest-growing Asia Pacific air cargo market during the forecast period. Based on country, the Asia Pacific air cargo market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. in 2022, Japan is expected to account for the second-largest air cargo market share in the Asia Pacific region.

The Rest of APAC comprises Indonesia, Singapore, Malaysia, Cambodia, Thailand, Philippines, Vietnam, Bangladesh, Sri Lanka, and Pakistan. These countries have been contributing to the Asia Pacific air cargo market growth. However, these countries account for a lesser share than the other countries considered under the scope. For instance, according to the Asia Pacific air cargo market analysis, Thailand is expected to account for over 2.5% market share in 2022 in the Asia Pacific air cargo market.

ANA Cargo; Cargolux; Cathay Pacific Airways Limited; DHL International GmbH; Emirates SkyCargo; Etihad Cargo; FedEx Corporation; United Parcel of America, Inc; Zela Aviation; Air Charter Service India Pvt Ltd; and Lufthansa Cargo AG are among the players operating in the Asia Pacific air cargo market and profiled in this market study.

The overall Asia Pacific air cargo market size has been derived using both primary and secondary sources. To begin the smart airport market analysis research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the smart airport market. The process also serves the purpose of obtaining an overview and market forecast of the smart airport market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Asia Pacific air cargo market.

According to the new research report on "Asia Pacific Air Cargo Market Forecast to 2028 – COVID-19 Impact and Analysis," published by The Insight Partners, the market is expected to reach US$ 59,298.21 million by 2028 and register a CAGR of 7.3% from 2022 to 2028.

The Civil Aviation Administration of China (CAAC) is the overseeing airport authority of the country. The authority is engaged in the development of expansion strategies for civil aviation across the country. CAAC is also responsible for regulating the market for air transport and general aviation. The authority is also responsible for the development of airports, overseeing and inspecting the standards and quality of civil aviation transport service, and licensing management of air transport and general aviation activities. The China air cargo market is rapidly reviving after the emergence of the COVID-19 pandemic. According to CAAC, China is expected to handle 7.8 MMT of cargo and parcels in 2022. The authority is also focusing on the optimization of the distribution of international routes for building an efficient logistics network. Also, according to the Asia Pacific air cargo market analysis, China is expected to dominate the market in 2022 which is also expected to witness second highest CAGR during the forecast period. Such factors are supporting the air cargo market size in China region.

Air cargo is essential for the e-commerce ecosystem to manage the global transportation of goods. Air cargo service providers deliver upgraded technology, flexibility, scalability, efficiency, and specialization in the e-commerce business. There are several benefits of e-commerce that can get fulfilled if the company delivers the orders to customers on time. Thus, many organizations such as International Air Transport Associations (IATA), International Federation of Freight Forwarders Associations (FIATA), Universal Postal Union (UPU), and World Customs Organizations (WCO) are engaged in improving air cargo services due to the growing adoption of e-commerce. According to the IATA, in 2019, e-commerce represented ~15% of air cargo volumes. Further, the adoption of air cargo services across e-commerce operations boosted during and after the onset of the COVID-19 pandemic. The IATA assists the air cargo industry in capitalizing on the growth of e-commerce. IATA ensures that the air cargo industry has the correct global framework to offer the right logistics solutions for the e-commerce industry. Moreover, online shoppers are frequently purchasing; and cross-border e-commerce volumes are on the rise. Moreover, many passenger aircraft had been operating as cargo planes during the pandemic when the passenger traffic witnessed a steep decline, which has also boosted the adoption of air cargo services in Asia Pacific during the FY 2020-2021. Such factors are boosting the air cargo market size for e-commerce applications across the Asia Pacific due to the rising cross-border online sales.

The Asia Pacific air cargo market analysis is segmented into type, services, and end user. Based on component, the market is bifurcated into air mail and air cargo. Based on services, the Asia Pacific air cargo market is divided into express and regular. Based on end user, the Asia Pacific air cargo market is segmented into retail, pharmaceutical and healthcare, food and beverage, consumer electronics, automotive, and others.

Key Findings of Study:

The Asia Pacific air cargo market growth is attributed to the region's robust economic growth and increased focus on retail products demand. Foreign players prefer Asian countries to expand their manufacturing activities due to the availability of a cheaper workforce. Factors such as continuous urbanization, strong economic growth, and a large middle-class population create high domestic demand for fast-moving consumer goods, personal automobiles, household items, and luxury items are catalyzing the air cargo market growth in the region. Additionally, companies in the e-commerce market opt for various logistic alternatives, including surface transport and air transport, to deliver items to their clients. Thus, with the flourishment of the e-commerce business, different purchase habits and trends have been noted in various countries in Asia Pacific. The proliferating e-commerce industry is likely to boost the air cargo market in Asia Pacific in the coming years with the rise in demand for parcel delivery services.

After several years of trade slack, the marketplace in Asia Pacific entered the recovery phase from 2013 onward, followed by a quick rebound. The marketplace in the region has sustained strong growth in air cargo market with a significant Y-o-Y rise every year. China continues to be a powerhouse for the air cargo market in Asia Pacific due to the high demand from the e-commerce segment. The e-commerce industry in this region focuses on maintaining pace with the global manufacturing sector. However, the depressed passenger business remains a concern. According to the International Air Transport Association (IATA), demand for international air cargo fell by 3.2% in January 2021 compared to the same month in 2019. In addition, the decrease in demand reached 4% in December 2020. Furthermore, airlines in Asia Pacific had the greatest international load factor at 74.0%.

TABLE OF CONTENTS

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. Air Cargo Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Air Cargo Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Speedy Adoption of E-Commerce Platforms

5.1.2 Continuous Need to Transport Temperature-Sensitive Products

5.2 Market Restraints

5.2.1 Market Ambiguity

5.2.2 Difficulty in Temperature-Sensitive Cargo Operations

5.3 Opportunity

5.3.1 Expanding Airport Infrastructure in Southeast Asia and New Policies

5.4 Future trends

5.4.1 Rational Cool Chain Solutions

5.4.2 Execution of Several Software Solutions

5.5 Impact Analysis of Drivers and Restraints

6. Air Cargo Market – Asia Pacific Market Analysis

6.1 Asia Pacific Air Cargo Market Overview

6.2 Air Cargo Market Forecast and Analysis

6.3 Market Positioning – Asia Pacific Key Players

6.4 Competitive Benchmarking

6.5 Growth Matrix

7. Asia Pacific Air Cargo Market Analysis – by Type

7.1 Overview

7.2 Asia Pacific Air Cargo Market Breakdown, by Type, 2021 and 2028

7.3 Air Mail

7.3.1 Overview

7.3.2 Air Mail: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Air Freight

7.4.1 Overview

7.4.2 Air Freight: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

8. Asia Pacific Air Cargo Market Analysis – by Service

8.1 Overview

8.2 Asia Pacific Air Cargo Market Breakdown, by Service, 2021 and 2028

8.3 Express

8.3.1 Overview

8.3.2 Express: Asia Pacific Air Cargo Market– Revenue and Forecast to 2028 (US$ Million)

8.4 Regular

8.4.1 Overview

8.4.2 Regular: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

9. Asia Pacific Air Cargo Market Analysis – by End User

9.1 Overview

9.2 Asia Pacific Air Cargo Market Breakdown, by End User, 2021 and 2028

9.3 Retail

9.3.1 Overview

9.3.2 Retail: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Pharmaceutical and Healthcare

9.4.1 Overview

9.4.2 Pharmaceutical and Healthcare: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Food and Beverage

9.5.1 Overview

9.5.1.1 Food and Beverages: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Consumer Electronics

9.6.1 Overview

9.6.2 Consumer Electronics: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Automotive

9.7.1 Overview

9.7.2 Automotive: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Others

9.8.1 Overview

9.8.2 Others: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10. Asia Pacific Air Cargo Market Analysis – Geographic Analysis

10.1 Overview

10.2 Asia Pacific Air Cargo Market Breakdown, by Country, 2021 and 2028

10.2.1 Australia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.1.1 Australia: Asia Pacific Air Cargo Market, by Type

10.2.1.2 Australia: Asia Pacific Air Cargo Market, by Service

10.2.1.3 Australia: Asia Pacific Air Cargo Market, by End User

10.2.2 China: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.2.1 China: Asia Pacific Air Cargo Market, by Type

10.2.2.2 China: Asia Pacific Air Cargo Market, by Service

10.2.2.3 China: Asia Pacific Air Cargo Market, by End User

10.2.3 India: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.3.1 India: Asia Pacific Air Cargo Market, by Type

10.2.3.2 India: Asia Pacific Air Cargo Market, by Service

10.2.3.3 India: Asia Pacific Air Cargo Market, by End User

10.2.4 Japan: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.4.1 Japan: Asia Pacific Air Cargo Market, by Type

10.2.4.2 Japan: Asia Pacific Air Cargo Market, by Service

10.2.4.3 Japan: Asia Pacific Air Cargo Market, by End User

10.2.5 South Korea: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.5.1 South Korea: Asia Pacific Air Cargo Market, by Type

10.2.5.2 South Korea: Asia Pacific Air Cargo Market, by Service

10.2.5.3 South Korea: Asia Pacific Air Cargo Market, by End User

10.2.6 Indonesia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.6.1 Indonesia: Asia Pacific Air Cargo Market, by Type

10.2.6.2 Indonesia: Asia Pacific Air Cargo Market, by Service

10.2.6.3 Indonesia: Asia Pacific Air Cargo Market, by End User

10.2.7 Singapore: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.7.1 Singapore: Asia Pacific Air Cargo Market, by Type

10.2.7.2 Singapore: Asia Pacific Air Cargo Market, by Service

10.2.7.3 Singapore: Asia Pacific Air Cargo Market, by End User

10.2.8 Malaysia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.8.1 Malaysia: Asia Pacific Air Cargo Market, by Type

10.2.8.2 Malaysia: Asia Pacific Air Cargo Market, by Service

10.2.8.3 Malaysia: Asia Pacific Air Cargo Market, by End User

10.2.9 Cambodia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.9.1 Cambodia: Asia Pacific Air Cargo Market, by Type

10.2.9.2 Cambodia: Asia Pacific Air Cargo Market, by Service

10.2.9.3 Cambodia: Asia Pacific Air Cargo Market, by End User

10.2.10 Thailand: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.10.1 Thailand: Asia Pacific Air Cargo Market, by Type

10.2.10.2 Thailand: Asia Pacific Air Cargo Market, by Service

10.2.10.3 Thailand: Asia Pacific Air Cargo Market, by End User

10.2.11 Philippines: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.11.1 Philippines: Asia Pacific Air Cargo Market, by Type

10.2.11.2 Philippines: Asia Pacific Air Cargo Market, by Service

10.2.11.3 Philippines: Asia Pacific Air Cargo Market, by End User

10.2.12 Vietnam: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.12.1 Vietnam: Asia Pacific Air Cargo Market, by Type

10.2.12.2 Vietnam: Asia Pacific Air Cargo Market, by Service

10.2.12.3 Vietnam: Asia Pacific Air Cargo Market, by End User

10.2.13 Bangladesh: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.13.1 Bangladesh: Asia Pacific Air Cargo Market, by Type

10.2.13.2 Bangladesh: Asia Pacific Air Cargo Market, by Service

10.2.13.3 Bangladesh: Asia Pacific Air Cargo Market, by End User

10.2.14 Sri Lanka: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.14.1 Sri Lanka: Asia Pacific Air Cargo Market, by Type

10.2.14.2 Sri Lanka: Asia Pacific Air Cargo Market, by Service

10.2.14.3 Sri Lanka: Asia Pacific Air Cargo Market, by End User

10.2.15 Pakistan: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

10.2.15.1 Pakistan: Asia Pacific Air Cargo Market, by Type

10.2.15.2 Pakistan: Asia Pacific Air Cargo Market, by Service

10.2.15.3 Pakistan: Asia Pacific Air Cargo Market, by End User

11. Air Cargo Market- COVID-19 Impact Analysis

11.1 Asia Pacific: Impact Assessment of Covid-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

12.4 Merger & Acquisition

13. Company Profiles

13.1 ANA Cargo

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Cargolux

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.3 Cathay Pacific Airways Limited

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 DHL International GmbH (Deutsche Post DHL Group)

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Emirates SkyCargo

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Etihad Cargo

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 FedEx Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 United Parcel Service of America, Inc.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Lufthansa Cargo AG

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Korean Air

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1. Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. Australia: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 5. China: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 8. India: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 11. Japan: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 14. South Korea: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 17. Indonesia: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 18. Indonesia: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 19. Indonesia: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 20. Singapore: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 21. Singapore: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 22. Singapore: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 23. Malaysia: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 24. Malaysia: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 25. Malaysia: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 26. Cambodia: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 27. Cambodia: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 28. Cambodia: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 29. Thailand: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 30. Thailand: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 31. Thailand: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 32. Philippines: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 33. Philippines: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 34. Philippines: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 35. Vietnam: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 36. Vietnam: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 37. Vietnam: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 38. Bangladesh: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 39. Bangladesh: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 40. Bangladesh: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 41. Sri Lanka: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 42. Sri Lanka: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 43. Sri Lanka: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 44. Pakistan: Asia Pacific Air Cargo Market, by Type–Revenue and Forecast to 2028 (US$ Million)

Table 45. Pakistan: Asia Pacific Air Cargo Market, by Service–Revenue and Forecast to 2028 (US$ Million)

Table 46. Pakistan: Asia Pacific Air Cargo Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 47. List of Abbreviation

LIST OF FIGURES.

Figure 1. Air Cargo Market Segmentation

Figure 2. Air Cargo Market Segmentation – By Geography

Figure 3. Asia Pacific Air Cargo Market Overview

Figure 4. Air Freight Segment Held the Largest Share of Air Cargo Market

Figure 5. Regular Segment Held the Largest Share of Air Cargo Market

Figure 6. Consumer Electronics Segment Held the Largest Share of Air Cargo Market

Figure 7. China to Show Great Traction During Forecast Period

Figure 8. Air Cargo Market– PEST Analysis

Figure 9. Asia Pacific Air Cargo Market- Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. Air Cargo Market: Impact Analysis of Drivers and Restraints

Figure 12. Air Cargo Market Forecast and Analysis (US$ Million)

Figure 13. Asia Pacific Air Cargo Market Revenue Share, by Type (2021 and 2028)

Figure 14. Air Mail: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Air Freight: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Asia Pacific Air Cargo Market Revenue Share, by Service (2021 and 2028)

Figure 17. Express: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Regular: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Asia Pacific Air Cargo Market Revenue Share, by End User (2021 and 2028)

Figure 20. Retail: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Pharmaceutical and Healthcare: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Food and Beverages: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Consumer Electronics: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Automotive: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Others: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Asia Pacific Air Cargo Market Revenue Share, by End User (2021 and 2028)

Figure 27. Australia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. China: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. India: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Japan: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. South Korea: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Indonesia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Singapore: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Malaysia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Cambodia: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Thailand: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Philippines: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Vietnam Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Bangladesh: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Sri Lanka: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Pakistan: Asia Pacific Air Cargo Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. Impact of Covid-19 Pandemic in Asia Pacific Country Markets

The List of Companies - Asia Pacific Air Cargo Market

1. ANA Cargo

2. Cargolux

3. Cathay Pacific Airways Limited

4. DHL International GmbH

5. Emirates SkyCargo

6. Etihad Cargo

7. FedEx Corporation

8. United Parcel Service of America, Inc.

9. Lufthansa Cargo AG

10. Korean Air

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the 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

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