In the five years to 2015, the Global Cargo Airlines industry lost altitude as demand for industry services declined. Initially, revenue quickly picked up after the global economic slowdown, as global economic growth and trade rebounded thanks to strong emerging market growth. However, revenue has subsequently declined due to weakened demand, expanding cargo capacity, competition from water transportation and initial high oil prices early in the period. Therefore, in the five years to 2015, IBISWorld expects industry revenue to decline an annualized 0.8% to $100.4 billion, with a 0.6% increase in 2015.
The industry includes businesses that provide air transportation for commercial and private cargo, on either scheduled or nonscheduled routes. It includes air transportation that is part of a national postal system and express services, but excludes the courier services of express operations.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.