Market Size of Freighter Aircraft Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.79 Billion |
| Market Size (2029) | USD 8.43 Billion |
| CAGR (2024 - 2029) | 5.31 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Freighter Aircraft Market Analysis
The Freighter Aircraft Market size is estimated at USD 6.79 billion in 2024, and is expected to reach USD 8.43 billion by 2029, growing at a CAGR of 5.31% during the forecast period (2024-2029).
The market demand is primarily driven by factors such as the rise in new trade relationships among different countries and rapid growth in e-commerce activities across the world. With the dramatic growth of e-commerce in recent decades, the pickup in demand for both consumer and industrial goods during this pandemic made cargo carriers and logistics companies turn to air freighters.
However, increasing regulations will hamper the market in the long run. There are various regulations or policies formed by governments worldwide to ensure smoother freighter operations. Although some freighter operators have adhered to the policies, many freighter operators still need to comply with the policies, and this can lead to hampering of freighter operations during the forecast period.
Latest trends such as increasing focus on digitization and sustainability, air freight as an omnichannel increasing freighter aircraft capacity, and the fall in the price of the consignment are also expected to add to the market growth.
