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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
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Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Air Freight Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Air Freight Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
Category Intelligence on Global Air Freight covers the following:
The logistics and transportation sector is fast-growing with overseas transportation services being in high demand. Air freight is used to send goods to other countries quickly and conveniently. 3PL companies are growing fast and for international transportation; they offer air cargo, belly cargo, and freighter cargo services. Apart from shipping regular goods, they also ship special goods that require temperature-controlled environments. The popularity of freight forwarding services has helped boost air freight services. Carrier airlines operate cargo flights through air freight trade lanes from one airport to another.
The air freight market was estimated to be worth $99.78 billion in 2020. The air freight market size is expected to increase to $175.16 billion by 2025. The trends show that the market is expected to grow at a CAGR of 9.83%.
The air freight market demand is being driven by the North American market with the US being the main contributor. The air freight market forecast underlines that the e-commerce sector would help improve the performance of the air freight market. With e-commerce fulfilling orders worldwide, products are moving across the globe through air services.
The air freight services industry is segmented as follows:
The COVID-19 pandemic has affected this sector. Lockdowns and flight restrictions brought down the market in 2020. The commencement of vaccination drives is expected to help improve things in 2021. The top players in the air freight market are Cathay Pacific, Bollore Logistics, UPS Airlines, China Airlines Cargo, Able Aerospace, DHL Aviation, Emirates SkyCargo, Korean Air Co, DB Schenker, Singapore Airlines Cargo, FedEx Corporation, etc.
In Q1 2018, average global air freight prices increased by 5.44 percent compared to the same period last year. Freight rates steadied from Q2 2018, the same trend was expected to continue.
Strong demand in the air freight market had a strong impact on air freight rates in H2 2018 and considering tight capacity, the impact was expected to extend in Q3 and Q4 2018.
While specific lanes could witness double-digit growth in air freight rates moving into the peak season, trans-pacific eastbound and westbound routes, which have a volatile nature, are expected to face an increase of around 5 percent.
Carriers and freight forwarders are willing to negotiate on established lanes of US–EU since the market fluctuation is minimal and the volumes are high. However, on lanes connecting to Asia, negotiation is challenging since the market is highly unpredictable and risky.
In 2018, the difference between demand and supply index started to reduce with the annual growth of 3-4 percent in shipments volume. The capacity available in the market gradually increased, however starting mid of 2018, market demand was estimated to have a growth of more than 6 percent compared to the previous year.
Supply Analysis
Demand Analysis
Regional Demand Trend for Air Freight
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