Cargo Aircraft - Worldwide

  • Worldwide
  • Revenue in the Cargo Aircraft market is projected to reach US$2.72bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2025) of 39.34%, resulting in a projected market volume of US$3.79bn by 2025.
  • In the Cargo Aircraft market, the number of deliveries is projected to amount to 26.00 in in the world in 2024.
  • The average price per aircraft is expected to amount to US$104.60m.
 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

Cargo aircraft are playing a pivotal role in addressing the evolving logistics landscape, shaped by surging e-commerce demand, supply chain disruptions, and changing consumer expectations for faster deliveries. The global expansion of e-commerce is increasing the need for efficient air cargo solutions to connect production sites with consumers rapidly, driving interest in modernizing and expanding cargo fleets.

In North America, the demand for cargo aircraft is being propelled by the rise in same-day and next-day delivery services, which prioritize air transport for its speed. E-commerce giants and logistics companies are investing in dedicated freighter aircraft to maintain control over their delivery networks and meet customer expectations for quick fulfillment. Additionally, the replacement of aging fleets is a growing focus as operators seek newer aircraft that offer greater fuel efficiency and lower maintenance costs.

Europe is seeing a shift in the Cargo Aircraft market towards environmentally sustainable practices, influenced by regulatory pressures and corporate commitments to reduce carbon emissions. This trend is leading to the adoption of more fuel-efficient aircraft and the exploration of alternative propulsion technologies, such as hybrid-electric solutions. The growing emphasis on sustainability is complemented by investments in specialized aircraft for transporting sensitive cargo, like pharmaceuticals, which require strict temperature controls. European logistics hubs, with their well-established infrastructure, are well-positioned to support these advancements.

In Asia-Pacific, rapid industrialization and the region's role as a manufacturing powerhouse are fueling the need for robust air cargo networks. The market is characterized by a mix of domestic and international demand, with operators seeking versatile aircraft capable of handling high cargo volumes while maintaining operational efficiency. As cross-border e-commerce accelerates, air cargo is increasingly used to bridge the gap between manufacturers and global markets. Additionally, several countries in the region are expanding airport infrastructure to support the growth of dedicated air freight operations.

Latin America’s Cargo Aircraft market is influenced by the need for versatile solutions that can navigate challenging terrains and serve regions with limited road and rail infrastructure. Operators often prefer aircraft that can handle both high-altitude operations and less developed airports, resulting in a focus on rugged and reliable models. The growth of perishable goods exports, such as agricultural products and seafood, is also driving investments in specialized freighter capabilities to ensure timely and temperature-controlled deliveries.

In Africa, the Cargo Aircraft market is shaped by a focus on enhancing intra-continental trade and addressing logistical challenges. The demand for air cargo services is being driven by efforts to improve connectivity between countries and support industries such as mining, agriculture, and energy. Due to infrastructure limitations, there is a preference for aircraft that can operate under less-than-ideal conditions, such as remote locations with minimal ground support. Additionally, the development of free trade agreements is encouraging investment in cargo capacity to facilitate regional economic integration.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Cargo Aircraft market including deliveries, orders, revenue, and average aircraft prices.

Modeling approach:

Market sizes are determined through a combined bottom-up and top-down approach, building on specific rationale for each market. As a basis for evaluating markets, we use annual and monthly reports of manufacturers, third-party studies, reports from industry associations, and price data.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

  • Deliveries
  • Revenue
  • Average Price per Aircraft
  • Analyst Opinion
  • Orders
  • Global Comparison - Revenue
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)