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 in-depth analysis of segments and sub-segments in the GCC as well as the regional air cargo container market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC 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 GCC air cargo container market. According to the report, the GCC air cargo container market is projected to grow at a CAGR of 4% around the forecast period of 2021-2027.
In the Gulf Cooperation Council (GCC) region, global container trading is evolving rapidly. The global economy has faced a slowdown due to GDP downfall in regions such as the Asia Pacific, and the Middle East. This result has impacted container trade which includes, air cargo containers too. Basically, Air cargo transportation enables highly perishable and valuable products to be moved fast over long distances, but it also lacks through environmental control that is possible for other modes. It is one of the safest modes of transportation for delivering goods on time without creating any damage to the products that are been transported. Furthermore, the regions UAE and Qatar are experiencing rapid growth in Air Cargo Container market due to the presence of the major player in the airline sector in this region.
The expansion of the e-commerce industry in GCC is a key driving factor for the Air Cargo Container market. Moreover, the demand for transportation of military equipment from one place to another within a short span of time is using air cargo containers. The market has opportunities to grow at a faster rate as the demand is rising for defense authorities for transportation of their goods. More the number of commercial cargo aircraft, the more the demand for air cargo containers, and thus the increasing number of cargo carriers is expected to drive the market for air cargo containers in the coming years. Moreover, many third-party logistics players in the market are offering more multidimensional services including air cargo services for the transportation of goods. Perishables and high-value products including foods & beverages, pharmaceuticals, and consumer electronics, are also the fastest-growing trade among various countries.
Gulf Cooperation Council (GCC), is a political and economic alliance of six Middle Eastern countries Saudi Arabia, Kuwait, Qatar, Bahrain, the United Arab Emirates, and Oman. Among these Saudi Arabia holds the largest market share in the GCC Air Cargo Container market. Saudi Arabia is one of the very active players in importation and exportation, ranked as the 32nd largest import market globally. Economic growth, population maturation, and rapidly growing urbanization are all factors driving Saudi Arabia to invest in the expansion of its transportation networks. Saudi Arabia’s logistics market is valued at around $18 billion, making it the largest among the GCC nations. The country accounts for 55 percent of the total GCC logistics market and is ranked third-most attractive within emerging markets. It is also one of the fastest-growing logistics sectors globally and was predicted to reach almost $25 billion by 2020
The report on the GCC 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 SAL Saudi Logistics Services, Vestal Shipping LLC, Top Most Freight Solution, Air Arabia, Al-Arabia Cargo Ltd, TNS, Platinum Shipping, Yusuf Bin Ahmed Kanoo Group, Jazeera Air Cargo, and FEDEX.
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.
Please Choose One of them.