2014-01-23 18:34:01 - Global Air Cargo Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Air Cargo market is to grow at a CAGR of 5.97 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing number of online retail stores. The Global Air Cargo market has also been witnessing an increase in the number of new air routes. However, the increasing competition from surface transportation could pose a challenge to the growth of this market.
The Global Air Cargo market is witnessing an increase in airline research, which is resulting in the introduction of new air routes for cargo transportation purposes. This is a trend which is expected to continue over the years. Airlines are adopting the acquisitive route to enter the Global Air Cargo
market to increase their revenue. Airline research has also resulted in the adoption of a new concept of dedicated cargo terminals at airports. Such terminals will be operated and maintained by cargo airlines and not by the airline that owns the airport. This concept can reduce the cost of airport operations for the airline. In this scenario, cargo airlines will use certain airports as their hub airports, from where they can transport goods and also try to capitalize on the air cargo markets in which those hubs are based.
The major growth driver is the increase in online retail stores. Online retail stores and fashion stores are the major revenue contributing sectors in the Global Air Cargo market. Over a period of many years these have been the major contributors to market share.
The major challenge for the market is the increase in surface competition. For instance, bullet trains are giving tough competition to the Global Air Cargo market.
The key vendors dominating this space include Deutsche Post AG, FedEx Corp., United Parcel Services Inc., and TNT Express NV.
The other vendors mentioned include Air France-KLM-Martin Air Cargo, Lufthansa Cargo AG, and Singapore Airlines Cargo Ltd.
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