Long-range forecasts show that global airfreight demand is set to grow. In response, global airfreight traffic must also increase.
According to a recent article on Air Cargo World, demand for cargo by 2032 is expected to require 2,700 new aircraft. Though more than half will be replacing retired aircraft, the rest will be entirely new. This is making airline companies like Airbus optimistic for the future.
"Looking forward after a difficult few years, world trade is showing improvements and diverse emerging markets will call for increased flexibility in air cargo transportation–for which midsize freighters will be the primary means to achieve this," Andreas Hermann, Airbus' vice president, head of freighters, told Air Cargo World. "This is why Airbus forecasts that the core of future freighter requirements will be in the midsize category, where modern-technology freighters will play a large part in future fleet replacement and long term growth."
Much of this new demand is the result of new growth in emerging economies. For example, the Asia-Pacific region, which currently represents 36 percent of global freight traffic, will see that number increase to 42 percent by 2032. In particular, the markets in China and India have supported a large increase in small freighters, which will number 600 by 2032.
As the airfreight industry continues to grow, carriers will want to invest in proof of condition services like CargoSnapshot to provide their customers will efficient, reliable service. Users will be able to take individual pictures of each piece of cargo through the course of a journey, which comes in handy in the case of damage or theft.