Page 4 - STAT Trade Times Novemmber 2024 Magazine for Website
P. 4
coverstory
THE RISE OF US
AIR CARGO
AMIDST
CHANGES AND
CHALLENGES
The US air freight market
is projected to grow at a
CAGR of 3.84% from 2024 to
2032, driven by e-commerce
growth and demand for
timely deliveries. Logistics
providers are enhancing their
capabilities to meet rising
consumer expectations.
Parijat Sourabh
he US air cargo industry has
undergone significant transfor-
mation in recent years, shaped
Tby global events, technologi-
cal advancements, and shifting market
dynamics. From the pandemic-induced
disruptions to the current focus on
sustainability and digital innovation, the
sector continues to evolve while maintain-
ing its crucial role in global commerce and
supply chain logistics.
Current market overview and
projections
According to data from IMARC, the air
freight market size in the US is projected
to grow at a compound annual growth
rate (CAGR) of 3.84% from 2024 to 2032.
While data from Global Market Insights
states that the US held over 70% of the air
cargo market share in North America in
2 | NOVEMBER 2024 www.stattimes.com
