Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the air cargo container market provides an in-depth analysis of segments and sub-segments in the BRICS as well as the regional air cargo container market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional air cargo container market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the BRICS air cargo container market. According to the report, the BRICS air cargo container market is projected to grow at a CAGR of 4% over the forecast period of 2021-2027.
BRICS Air Cargo Container market is expected to grow as a rapid increase in globalization and urbanization are boosting the e-commerce sector around the BRIC region. Basically, it unites the most rapidly developing large countries, the trade and economic interaction between which can make a significant contribution to both the region’s and world’s development. High growth rates, extensive markets, and favorable production conditions generate enormous flows of goods between Europe and these economies. The huge potential of the domestic air market in China, combined with limited access by LCCs, has led foreign LCC airlines to establish joint ventures and serve secondary and tertiary cities to get into the market. The coronavirus pandemic has had a negative impact on the Air Cargo Container market. India has been emerging rapidly in the world of pharmacy. The virus infected more than 3.6 million people worldwide, killed 250,000, leading the Governments to take drastic measures to limit the spread of coronavirus disease. Air cargo has played a vital partners role in delivering much-needed medicines, medical equipment, and also in keeping global supply chains functioning for the time-sensitive materials as these items created emergencies across the globe and had to be delivered on time
Rising demand from the E-commerce sector and increasing adoption of lightweight air cargo containers to drive the Air Cargo Container market in these regions. High maintenance costs required can hamper its market growth. The rising number of commercial airlines is increasing at a rapid pace, and e-commerce is also boosting its market demand providing opportunities for the market to grow in the upcoming years.
The cargo market in India is mostly focused on the places like Delhi, Mumbai, Bengaluru, and Hyderabad, with more than 70% of cargo volumes passing through one or more of those hubs. The freight carried per domestic flight in India has majorly increased by an average of 0.6 tons in the post-pandemic era. The demand for e-commerce in India has been largely driven by Tier II/III cities like Kanpur, Ludhiana, and Bhopal. Such cities represented nearly 55% of the $4.1 billion totality of online sales transacted in a single week of October 2020. The domestic cargo per flight in India has doubled, at an average of 1.2 tons, up from 0.6 tons during the pre-COVID times. India is advantageously positioned from a geographic point of view, as it is been situated between the manufacturing hubs to the east and southeast of Asia, and with number of consumption centers in Europe and the Americas.
The report on the BRICS air cargo container market covers segments such as deck type, type, application type, and aircraft type. On the basis of deck type, the sub-markets include lower deck, and main deck. On the basis of type, the sub-markets include refrigerated, and non-refrigerated. On the basis of application type, the sub-markets include passenger aircraft, and freighter aircraft. On the basis of aircraft type, the sub-markets include narrow-body aircraft, wide-body aircraft, very large aircraft, and military aircraft.
The report provides profiles of the companies in the market such as RHENUS GROUP, Panalpina Logistics & Supply Chain, Yusen Logistics, Nippon Express, Ujjawal Packers and Movers, Ujjawal Packers and Movers, Chengda Group, Shenzhen Sanmai International Freight Forwarding, Röhlig-Grindrod Logistics, and ENS Logistics India.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the air cargo container market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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