For more information, visit our website at The global air freight market is predicted to be valued at US$170.02 billion in 2023, growing at a CAGR of 7.10% for the period spanning 2019-2023. Air freight refers to the transportation of goods via airways. It is considered as one of the fastest and safest mode of freight transportation. The air freight market is predicted to be driven by factors such as rising e-commerce, economic prosperity and increasing industrialization. The market growth is expected to be hindered by few challenges like rising protectionism, fluctuating fuel costs and security threats. Developments like investments in cold-chain technology and expansion in air freight capacities of the airlines are believed to drive the market in future.
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