APAC AIR FREIGHT TRANSPORT MARKET - GROWTH, TRENDS AND FORECASTS (2023-2028)

The APAC Air Freight Transport Market is estimated to grow with a compounded annual growth rate of about xx% during the forecasted period of 2023-2028. 

• Some of the economies with the quickest rates of growth are found in the APAC area, including those of China, India, and Southeast Asian nations. Increased air freight shipments result from growing internal and international trade as a result of these economies’ economic growth.
• The demand for air cargo has been significantly influenced by the APAC region’s explosive rise of e-commerce. Consumers now anticipate quicker and more dependable delivery thanks to the growth of online shopping and international e-commerce, which air freight can fulfill. Further, the demand has increased as a result of the rising demand for perishable goods like fresh fruits, vegetables, and seafood as well as high-value goods like electronics and pharmaceuticals. These goods must be transported in a timely and secure manner. 
• The COVID-19 pandemic brought attention to the value of robust supply chains. The adoption of “just-in-time” inventory management and the diversification of many businesses’ supply chains have made air freight the favored alternative for quicker and more flexible logistics solutions.
• China and Vietnam stand out among the APAC nations as important centres for export and production for a variety of industries. Transporting time-sensitive components and finished items to global markets requires air freight.
• Connectivity has improved as a result of the expansion of airlines and freight companies in the APAC area, which has improved connectivity between cities and nations. This improved network increases the effectiveness and accessibility of air cargo.
• A major driver of the expansion of air freight in the APAC area has been the demand for quick deliveries. Consumer expectations for faster deliveries have increased as a result of the APAC region’s rapid rise in e-commerce and online purchasing. Air freight offers the speed required to meet the customers’ requests for speedy deliveries of their orders.
• To cut storage costs and boost productivity, many companies in the APAC area have used just-in-time inventory management techniques. This strategy makes air freight crucial for fast delivery of goods, reducing inventory stockouts, and preserving a continuous supply chain.
• Fresh vegetables, seafood, and medications are examples of perishable items that require quick delivery to maintain their quality and shelf life. Additionally, the protection and prompt delivery provided by air freight benefits expensive things like electronics and luxury goods. A few sectors in the APAC area, such the fashion sector, depend on air freight to deliver new collections and time-sensitive goods to retail markets fast.
• The APAC region is a significant player in world trade, with several nations exporting commodities to numerous locations. When it comes to meeting rushed delivery deadlines and connecting companies to global markets, air freight excels.
• New business prospects are opening up as the APAC region’s economy and industrialisation continue to expand. Companies may quickly seize these opportunities and enter growing areas with agility thanks to air freight. commodities like luxury goods and electronics.