- The key vendors in the Global Air Cargo Market 2015-2019 are Cathay Pacific Cargo, FedEx, The Emirates Group and United Parcel Service (UPS)
London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Air Cargo Market 2015-2019. One of the major trends emerging in this market is the increase in airline research, which is resulting in the identification of new transportation routes and strategies in the market. Airlines are adopting the acquisition route to enter the Global Air Cargo market to increase their revenue. The Global Air Cargo market is expected to grow at a CAGR of 4.57 percent during the forecast period of 2014-2019.
In recent years, there has been noteworthy surge in the number of freight forwarders, which is leading to increased demand for air cargo services. Nowadays, freight forwarders are targeting tier two cities and suburban areas. Parcels and products are collected from these cities and brought to the airport of the nearest metro city, from where they are shipped to their destinations.
“Many governments are devising new international and domestic air trade policies to increase air cargo services at both domestic and international airports,” says Faisal Ghaus, Vice President of TechNavio Research.
“Their objective is to attract air cargo carriers that offer various services for the export and import of all types of domestic and international air cargo.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
