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Freight Air Transport in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 512 March 2024 Spotlight Report

Revenue

€10.1bn

2019-2024 9.2 %
2024-2029 X.X %

Employees

21,561

2019-2024 4.5 %
2024-2029 X.X %

Businesses

1,012

2019-2024 2.1 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Freight Air Transport in Europe industry analysis

The Freight Air Transport industry has suffered in recent years in the face of economic and trade disruption. The region's beneficial geographical location and well-established infrastructure support strong demand. Despite increased demand for rapid and reliable cross-border logistics, driven by rising global trade and e-commerce, many countries have opted for ship cargo or road freight transport over air freight. During COVID-19, revenue tanked, with companies battling with sub-par freight volumes. Despite higher freight rates, Russia and Germany have driven the drop in industry revenue since the pandemic, with air freight succumbing to intense competition from other modes of transport.

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Freight Air Transport in Europe key trends

Freight air transport maintains its efficiency despite economic challenges.

 

Companies have stayed resilient in the face of recent trade disruptions and revenue continues to grow.

Innovative technologies give companies a competitive edge.

 

Embracing innovative technologies has been key to enhancing efficiency, tracking and delivery precision, helping freight air transport providers boost their revenue.

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Freight Air Transport in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Freight Air Transport in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 9.2 % over the past five years, to reach an estimated €10.1bn in 2024.

Trends and Insights

Freight air transport providers embrace digitisation to improve efficiency

  • Freight air transport providers are rapidly adopting new technologies to enhance operational efficiency, bringing in things like route optimisation, real-time tracking and data analytics.

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Freight Air Transport in Europe outlook (2024-2029)

Market size is projected to decline over the next five years.

Improving efficiency remains a key strategic focus

  • Freight air transport will continue to adopt advanced technologies to enhance operational efficiency. Notably, freight air transport companies are expected to look to artificial intelligence, automation and blockchain technology to improve their operations.

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Revenue

€10.1bn

2019-2024 9.2 %
2024-2029 X.X %

Employees

21,561

2019-2024 4.5 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.5 % *
  • Job Growth

Top 5 Countries

  1. Ireland +10.1%
  2. Czechia 0.0%
  3. Germany 0.0%
  4. Lithuania 0.0%
  5. Iceland 0.0%

Bottom 5 Countries

  1. Estonia -18.5%
  2. Russia -16.8%
  3. Romania -7.8%
  4. Luxembourg -3.8%
  5. Bulgaria -2.3%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Freight Air Transport in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Deutsche Lufthansa AG
34,458.9
1,259.5
3.7
Lufthansa Cargo AG
4,861.0
1,679.3
34.5
Air France-KLM SA
27,724.7
1,406.5
5.1

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Freight Air Transport in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Freight Air Transport industry in Europe in 2024?

The market size of the Freight Air Transport industry in Europe is €10.1bn in 2024.

How many businesses are there in the Freight Air Transport in Europe industry in 2024?

There are 1,012 businesses in the Freight Air Transport industry in Europe, which has declined at a CAGR of 2.1 % between 2019 and 2024.

Has the Freight Air Transport industry in Europe grown or declined over the past 5 years?

The market size of the Freight Air Transport industry in Europe has been declining at a CAGR of 9.2 % between 2019 and 2024.

What is the forecast growth of the Freight Air Transport industry in Europe over the next 5 years?

Over the next five years, the Freight Air Transport industry in Europe is expected to decline.

What does the Freight Air Transport in Europe include?

Other international scheduled cargo transport and Scheduled EU cargo transport are part of the Freight Air Transport industry.

Which countries have the most businesses in the Freight Air Transport industry in Europe?

The European country with the most businesses in the Freight Air Transport industry is Russia.

How competitive is the Freight Air Transport industry in Europe?

The level of competition is high and increasing in the Freight Air Transport industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

This industry includes businesses that transport commercial and private cargo by air, on either scheduled or non-scheduled routes, domestically and internationally. It also includes air transportation that’s part of a national postal system.

Related Terms

FREIGHT TONNE-KILOMETREWET LEASE

What's included in this industry?

Other international scheduled cargo transport Scheduled EU cargo transport Non-scheduled EU cargo transport Domestic and international post Domestic cargo transport

Companies

Deutsche Lufthansa AGLufthansa Cargo AGAir France-KLM SA

Industry Code

ISIC 2006

512 - Freight air transport in Europe

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Performance

Key Takeaways

Freight air transport providers embrace digitisation to improve efficiency

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Freight Air Transport in Europe industry (2011 -2029)
  • Employees in the Freight Air Transport in Europe industry (2011 -2029)
  • Business in the Freight Air Transport in Europe industry (2011 -2029)
  • Profit in the Freight Air Transport in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Freight Air Transport in Europe industry?


Outlook

Analysis

What's driving the Freight Air Transport in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Freight Air Transport in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Freight Air Transport in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Global demand drives revenue growth. Segments serving international and EU trade exhibit consistent shares, ensuring stable or growing revenues. Domestic services and specialized logistics cater to specific demands, ensuring industry resilience.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Freight Air Transport in Europe industry's products and services performing?

Analysis

What are innovations in the Freight Air Transport in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Freight Air Transport in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Importer
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The presences of a few major players stabilises the market. A few big-name cargo companies hold reasonably large market shares, but their power over the market limits healthy competition.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 11 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Deutsche Lufthansa AG
  • Countries of operation for Lufthansa Cargo AG
  • Countries of operation for Air France-KLM SA
  • Countries of operation for Air France-KLM Cargo
  • Countries of operation for International Consolidated Airlines Group SA
  • Countries of operation for DHL Express Germany GmbH
  • Countries of operation for Cargolux Airlines International SA
  • Countries of operation for Finnair Cargo Oy
  • Countries of operation for Turkish Airlines Inc
  • Countries of operation for Volga-Dnepr Group
  • Countries of operation for Swiss WorldCargo

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Freight air transport providers work hard to meet safety requirements. Balancing safety with innovation is key, with new technologies often helping foster safe and efficient cargo operations while helping companies stay competitive on the global market.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Freight Air Transport in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profit comes under pressure. Reduced demand, economic uncertainties and operational disruptions have cut into freight air transport providers returns recently, with companies seeking efficiency improvements to protect their profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Freight Air Transport in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.