Europe Air Freight Market Size was valued at USD 32.8 Billion in 2022. The air freight industry is projected to grow from USD 34.9 Billion in 2023 to USD 58.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2024 - 2032). Global trade expansion and the need for faster delivery times are the main market drivers anticipated to propel the Europe Air Freight Market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rising popularity of integrated air freight services supports market growth.
The Air Freight Market's CAGR is increasing due to the growing popularity of consolidated air freight services. There are four options: charter, standard, postponed, and consolidated. Consolidated air freight service offers users a cost-effective means of transportation with cheaper pricing and reliable timetables, allowing them to plan their supply chains perfectly. Clients who select the Consolidated air freight option can combine their shipment with a variety of other commodities to form a complete load. Consolidated air freight becomes an extremely cost-effective method of transporting goods by plane. Furthermore, consolidated shipments help transportation service providers and airlines since flying an airplane with a full cargo load is less expensive than flying an aircraft with a partial cargo load. Consolidated air freight is the most cost-effective means to move goods quickly and safely, and its growing popularity is expected to propel the worldwide market forward throughout the forecast period.
Moreover, The supply chain optimization and transformation industries are gaining popularity, causing the air freight sector to grow quickly. Corporations diversifying their supply chains to decrease risks, as well as the rise of manufacturing hubs such as Mexico and India, are also driving market growth and establishing air cargo as a vital mode of transportation. The thriving e-commerce sector, as well as the growing demand for speedy delivery services, help to boost the air freight business. Many organizations are using air freight as an omnichannel, which is expected to drive market growth as airlines increase their offerings to include end-to-end services. In the future years, the modernization of air freight and the use of cutting-edge technologies, such as artificial intelligence (AI), machine learning, and advanced analytics, to automate numerous air freight processes will further enhance market growth.
Air Freight Type Insights
The Europe Air Freight Market segmentation is based on type, includes Domestic Air Freight And International Air Freight. International air freight controlled the market. International air freight refers to the transportation of commodities across borders, which is critical for global trade. The growth of e-commerce, worldwide supply chains, and the expansion of the manufacturing industry has boosted demand for international air freight services.
Figure 1: Europe Air Freight Market, by Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Air Freight End-User Insights
The Europe Air Freight Market segmentation, based on deployment mode, includes Airport-To-Airport Service And Door-To-Door Service. The door-to-door service segment is the fastest expanding due to the rising need for quick and effective delivery of items to the end user. This service is especially popular in the e-commerce sector, where there is an increasing need for quick product delivery to customers' doorsteps. The door-to-door service segment is also gaining popularity in the B2B industry due to the ease it provides for enterprises.
Air Freight Country Insights
Germany is regarded as the largest region in the Air Freight industry, accounting for 25.30%. The Germany Europe Air Freight Market is an important part of the country's logistics sector. Germany has a strong economy and solid international trade links, so there is a high need for air cargo services. The market is influenced by a variety of variables, including the country's status as a significant exporter and its important location in Europe. Germany's wide network of airports, which includes Frankfurt Airport, Munich Airport, and Leipzig/Halle Airport, acts as critical hubs for air freight operations. The market provides a variety of services, including quick delivery, transportation of perishable products, and specialist handling of high-value and time-sensitive cargo. The German air freight business is fiercely competitive, with both international and domestic players striving for market share. The industry is also seeing technological and digital improvements, which allow for more operational efficiency and transparency.
Figure 2: Europe Air Freight Market Share By Region 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the air freight industry grow even more. Market participants are also undertaking several strategic activities to expand their footprint, with important market developments including mergers and acquisitions, new product launches, higher investments, contractual agreements, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the 3D packaging industry must offer cost-effective items.
Major players in the air freight industry are attempting to increase market demand by investing in research and development operations includes DHL (Germany), Kuehne + Nagel (Switzerland), FedEx Corporation (US), UPS (US), C.H. Robinson (US), DB Schenker (Germany), Panalpina (Switzerland), Sinotrans (China),Nippon Express (Japan), Expeditors International (US), CEVA Logistics (Switzerland), Agility Logistics (Kuwait), Yusen Logistics (Japan), DSV Panalpina (Denmark), Geodis (France), Hellmann Worldwide Logistics (Germany), Kerry Logistics (Hong Kong), XPO Logistics (US), Dimerco (Taiwan), Bolloré Logistics (France).
Key Companies in the air freight industry include
Air Freight Industry Developments
In May 2023, UPS announced the acquisition of Freightex, a digital freight brokerage company in the United Kingdom, in order to strengthen its position in the European air freight industry.
In March 2023, Lufthansa Cargo announced the debut of a new digital booking tool, "myAirCargo," for the easy and transparent booking of air freight shipments.
In February 2023, DHL Global Forwarding established a cooperation with AeroVironment to build electric vertical takeoff and landing (eVTOL) aircraft for cargo transportation.
In January 2023, FedEx Express announced the opening of a new air route between the United States and Asia to fulfill the rising demand for air freight services in the region.
Air Freight Type Outlook
Air Freight End-User Outlook
Air Freight Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 32.8 Billion |
| Market Size 2023 | USD 34.9 Billion |
| Market Size 2032 | USD 58.3 Billion |
| Compound Annual Growth Rate (CAGR) | 6.60% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, and Region |
| Region Covered | Europe |
| Countries Covered | Germany, France, UK, Italy, Spain, Sweden, Denmark, Luxembourg, Norway, Austria and Rest of Europe |
| Key Companies Profiled | DHL (Germany), Kuehne + Nagel (Switzerland), FedEx Corporation (US), UPS (US), C.H. Robinson (US), DB Schenker (Germany), Panalpina (Switzerland), Sinotrans (China),Nippon Express (Japan), Expeditors International (US), CEVA Logistics (Switzerland), Agility Logistics (Kuwait), Yusen Logistics (Japan), DSV Panalpina (Denmark), Geodis (France), Hellmann Worldwide Logistics (Germany), Kerry Logistics (Hong Kong), XPO Logistics (US), Dimerco (Taiwan), Bolloré Logistics (France) |
| Key Market Opportunities | Globalization and international trade opening up new markets and create opportunities for air cargo transportation. |
| Key Market Dynamics | Increasing e-commerce and online shopping trends are driving the demand for fast and efficient delivery. |
Frequently Asked Questions (FAQ) :
The Europe Air Freight Market size was valued at USD 34.9 Billion in 2023.
The market is projected to grow at a CAGR of 6.60% during the forecast period, 2024-2032.
The key players in the market are DHL (Germany), DB Schenker (Germany), FedEx Corporation (US), Nippon Express (Japan), UPS (US), C.H. Robinson (US), Expeditors International (US), Kuehne + Nagel (Switzerland), Panalpina (Switzerland), and others.
International air freight dominated the market in 2023.
The Door-To-Door Service category had the largest share in the market.
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