Air Freight Market in the US 2012-2016: Air Freight Market in the US to Reach US$41.99 Billion By 2016
Dec 17, 2012 (M2 PRESSWIRE via COMTEX) --
Research and Markets (http://www.researchandmarkets.com/research/tjkdz9/air_freight) has announced the addition of the "Air Freight Market in the US 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the economic growth in the US. The Air Freight market in the US has also been witnessing growing e-commerce activities. However, the seasonality of business poses the biggest challenge in the Air Freight market in the US.
The key vendors dominating this market space are AMR Corp., FedEx Corp., and United Parcel Service Inc.
The other vendors mentioned in the report are Bax Global Inc., and United States Postal Services Express Mail.
Commenting on the report, an analyst from TechNavio's Automotive team said: ''Increase in online purchases offers huge growth potential for the Air Freight market in the US. With busier lifestyles and increasing internet penetration, the Retail sector is undergoing a favorable change. Online retailing offers a variety of benefits to customers, such as an easy and convenient way of choosing products online, placing orders through credit cards, and avoiding tiring visits to stores. The Online Retail sector in the US has become one of the fastest growing retail formats. Further, the Online Retail sector in the US is expected to witness double-digit growth during the period 2012-2016. Encouraged by this trend, retailers are set to target the internet savvy customers and offer products through their direct online sales terminals.''
According to the report, the Air Freight market in the US is largely dependent on macroeconomic factors which influence the movement of goods within a country and internationally. These economic factors include consumer and business sentiments, the level of household income, consumer propensity to spend, the level of consumption expenditure, and the level of manufacturing and wholesaling activities in the US. During prosperity, income tends to rise, increasing consumer propensity to spend. This increases the demand for all types of goods and services, resulting in higher consumption and increased transportation of freight.
Further, the report reveals that one of the main challenges that air freight vendors in the US face is the seasonality of business.
For more information visit http://www.researchandmarkets.com/research/tjkdz9/air_freight
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