One of the major segments of the aviation industry is the air cargo segment. The growth in international trade coupled with strong domestic demand for goods has boosted the market. The current …
One of the major segments of the aviation industry is the air cargo segment. The growth in international trade coupled with strong domestic demand for goods has boosted the market. The current scenario has shifted the focus of players in the aviation sector from passenger traffic towards developing their air cargo operations in order to capitalize on the opportunities in the market. Many new entrants have been seen as they take cue for the high profits accumulated by dedicated air cargo carriers over the years.
The report begins with an overview of the industry indicating market size, growth, and domestic and international air cargo traffic figures. The international air trading partners, by region, has been highlighted based on the major goods imported and exported. The report highlights the various domestic and international terminals in India for air cargo and the facilities available at each of these terminals.
An analysis of drivers explains factors contributing to the huge potential based on strong macroeconomic fundamentals, growth in retail, developing transportation system and growth in clearing and forwarding agents. The key challenges identified include rising air traffic fuel (ATF) prices, growing congestion at airports and delays in cargo handling & clearance. The report covers the initiatives taken by the government towards the development of the air cargo segment including changing FDI policy to attract investors, introduction of the Open Sky policy, various bi-lateral agreements and large scale investment to develop infrastructural capabilities.
Competition section profiles the major players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.