The Business Research Company’s latest report Air Transport Global Market Report 2020 covers Air Transport market drivers, Air Transport market trends, Air Transport market segments, Air Transport market growth rate, Air Transport market major players, and Air Transport market size. The report provides in-depth analysis of the impact of COVID-19 on the Air Transport industry, along with revised market numbers due to the effects of the coronavirus.
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Air Transport Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global air transport market is expected to decline from $767.7 billion in 2019 to $755.3 billion in 2020 at a compound annual growth rate (CAGR) of -1.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $931.3 billion in 2023.
The report covers the Air Transport market’s segments-
1) By Type: Passenger Air Transport, Chartered Air Transport, Air Cargo Services
2) By Distance: Long-Distance, Short-Distance.
Subsegments covered: Domestic Air Passengers, International Air Passengers, Passenger Chartered Air Transport, Freight Chartered Air Transport, Others – Chartered Air Transport, Air Mail, Air Freight.
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