Air freight traffic expected to triple in 20 years
There’s hope on the horizon for struggling airline cargo divisions.
According to the Airbus 2011-2030 Cargo Global Market Forecast, air freight traffic is expected to nearly triple over the next two decades. Those volume increases will lead to an increased industry capacity which is expected to double over the same time period.
To deal with that surging demand, the report estimates that the air freight market will require 834 additional aircraft. Many of the new planes put into the air freight industry will be mid-sized freighters, which include the Airbus A330-200F.
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Many of those new planes will be utilized in the world’s emerging markets, which include growing economies in Latin America, Southeast Asia and Africa.
“Air cargo’s development is being driven by these emerging regions, where population migration and middle class growth creates the demand for food and other perishables,” Airbus senior vice president Christopher Emerson at the Dubai Airshow said.
“The operational requirement is to carry this type of cargo over longer-range routes of approximately 4,500 nautical miles in order to reach the population areas.”
Increased shipping and cargo numbers are generally a sign of sustained economic growth. Emerging nations can expect a higher standard of living if air cargo traffic takes off the way Airbus is anticipating.