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Air Freight Market Companies Summary

The air freight industry, serving as a significant pillar of global commerce, has seen a dramatic surge in recent years due to economic growth, evolving consumer preferences, and technological advancements. The industry has adapted to changes and challenges, with airlines displaying resilience and innovation. A key development in the industry has been the introduction of digital air cargo marketplaces, which have streamlined the booking process for logistics companies. These third-party platforms allow airlines to sell their capacity in a unified platform, enabling forwarders to compare live rates and availability while electronically booking shipments. The rise of e-commerce has also created significant opportunities for the air freight industry, with a large proportion of international e-commerce relying on air transport. To accommodate this growth, strategic partnerships, cutting-edge technologies, and robust infrastructures are becoming increasingly important in the air cargo arena. The industry is moderately fragmented, with dominant players operating across multiple regions worldwide. These companies are investing in digital capabilities, such as e-booking systems, and are working towards making their booking systems accessible through Application Programming Interfaces (APIs). Despite facing disruptions from regulatory disputes and the pandemic, the industry is expected to continue growing, with Special Economic Zones (SEZs), Free Trade Zones (FTZs), and bonded warehouses playing a significant role in the movement of freight through airports.