The India air cargo market size reached around USD 13.44 Billion in 2024. The market is projected to grow at a CAGR of 5.80% between 2025 and 2034 to reach nearly USD 23.62 Billion by 2034. The market growth can be attributed to India’s export potential, the expansion of the logistics sectors, increasing investments in modernising airport infrastructure, and the rising volume of international trade.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.8%
Value in USD Billion
2025-2034
India Air Cargo Market Outlook
*this image is indicative*
|
India Air Cargo Market Report Summary |
Description |
Value |
|
Base Year |
USD Billion |
2024 |
|
Historical Period |
USD Billion |
2018-2024 |
|
Forecast Period |
USD Billion |
2025-2034 |
|
Market Size 2024 |
USD Billion |
13.44 |
|
Market Size 2034 |
USD Billion |
23.62 |
|
CAGR 2018-2024 |
Percentage |
XX% |
|
CAGR 2025-2034 |
Percentage |
5.80% |
|
CAGR 2025-2034 - Market by Region |
West and Central India |
6.6% |
|
CAGR 2025-2034 - Market by Region |
East India |
6.2% |
|
CAGR 2025-2034 - Market by Service |
Express |
6.9% |
|
CAGR 2025-2034 - Market by Destination |
Domestic |
6.3% |
|
Market Share by Region 2024 |
South India |
22.3% |
In 2023, the volume of domestic cargo transported by scheduled airlines totalled around 698 TMT. This was attributed to the growth of both dedicated freights transported by specialised planes and belly cargo transported by passenger aircraft. By 2030, the volume of air cargo is expected to rise to 10 million tons. This has prompted India’s Ministry of Civil Aviation to bolster its infrastructure development efforts, alongside the Airports Authority of India (AAI). Ongoing government efforts for infrastructure development and the creation of new air cargo terminals, including dedicated, integrated, and multimodal facilities, are bolstering the India air cargo market development.
By 2030, the e-commerce industry is expected to attain a size of USD 350 billion in India, which can expedite the demand for efficient and swift air cargo delivery services. Besides, as India bolsters its domestic vaccine and generic drug production capabilities, its pharmaceutical exports are expected to rise steadily. By 2030, the India pharmaceuticals industry is expected to reach a size of USD 130 billion, which is expected to increase the India air cargo market revenue in the coming years. Moreover, the growth of India’s agricultural sector is expected to surge the exports of fresh fruits and vegetables, thereby driving the market growth.
Modernisation of airport infrastructure; increasing focus on cold chain logistics; improving turnaround times; and rising smartphone exports are the major factors favouring the India air cargo market growth.
Many Indian international airports, such as those based in Mumbai and Bangalore, are focusing on increasing their cargo handling capacity. For instance, Kempegowda International Airport (Bangalore) is planning to expand its cargo handling capacity from 420,000 tons to 500,000 tons.
With rising demand for temperature-sensitive goods such as pharmaceuticals, perishable foods, and fresh produce, Indian air cargo operators are investing in advanced refrigeration, tracking systems, and specialised containers. This is one of the key India air cargo market trends which not only supports the growing pharmaceutical and agriculture exports but also positions India as a reliable player in the global cold chain market.
India’s air cargo sector constitutes a 10% share in domestic carriers’ revenues. To further boost their international competitiveness and consumer appeal, major companies are focusing on reducing their turnaround times for air cargo, which is creating a favourable market outlook.
Soaring commercial end uses of air cargo
Commercial end use of air cargo dominates the market landscape, which can be attributed to rapid industrial development and expansion of the retail sector. Improvements in supply chain efficiency have fuelled the demand for air cargo services from various commercial sectors including trade and logistics. This is one of the key India air cargo market trends.
Expansion of Indira Gandhi International Airport’s infrastructure
In 2024, Indira Gandhi International Airport (of Delhi) handled a massive cargo volume of over 900,000 tons in February 2024. It is making substantial investments to further increase their cargo handling capabilities and streamline its operations, including the installation of 28 dual-view X-ray machines to ensure secure transportation of international general cargo. This is expected to lead to India air cargo market expansion. Furthermore, the IGIA has a capacity of handling 1.8 million tons, which can be expanded to over 2.5 million tons. This positions it as one of the leading airports equipped to handle the increasing volumes of air cargo.
The EMR’s report titled “India Air Cargo Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Service
Breakup by Destination
Breakup by End Use
Breakup by Region
| CAGR 2025-2034 - Market by | Region |
| West and Central India | 6.6% |
| East India | 6.2% |
| North India | XX% |
| South India | XX% |
Based on region, the market is segmented into East India, West and Central India, North India, and South India. Over the forecast period of 2025-2034, West and Central India is estimated to grow at a CAGR of 6.6% due to the expansion of its existing cargo handling capacities. East India is expected to register a CAGR of 6.2% due to the establishment of new airport infrastructure.
Based on service, the market is divided into mail, freight, and express. The India air cargo market analysis suggests that the demand for express is expected to grow at a CAGR of 6.9% between 2025 and 2034 due to the growth of e-commerce industry and the increasing demand for reliable shipping solutions for the transportation of fresh fruits and vegetables.
Major market players are expanding their air cargo networks and improving infrastructure to drive growth. By bolstering investments in automation solutions and advanced tracking systems, companies are also enhancing customer experience and operational efficiency, thereby driving the India air cargo market expansion.
Blue Dart Express Limited was founded in 1983 and is headquartered in Mumbai, Maharashtra. It is regarded as one of South Asia's most premier logistics company, which offers reliable and secure delivery of various consignments across 56,000 locations in India and 220 countries worldwide.
FedEx Corp. was incorporated in 1971 and is headquartered in Tennessee, United States. It is a freight company that transports around 14.5 million packages daily.
Delhivery Limited was founded in 2011 and is headquartered in Gurugram, Haryana. It is India’s biggest 100% integrated logistics services providing company. It specialises in providing storage solutions and supply chain management services for cargo.
A.P. Moller – Maersk was founded in April 1904 and is headquartered in Denmark. It is an integrated transportation and logistics company with operations in over 125 countries.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the India air cargo market report are Deutsche Post AG, DB Schenker, CEVA Logistics, DSV A/S, United Parcel Service of America, Inc., and NIPPON EXPRESS HOLDINGS, INC., among others.
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In 2024, the market reached an approximate value of USD 13.44 Billion.
The market is projected to grow at a CAGR of 5.80% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 23.62 Billion by 2034.
The different regions considered in the market report include East India, West and Central India, North India, and South India.
The different air cargo services in India are freight, express, and mail.
The different segments considered in the market report are international and domestic.
The different end uses of air cargo include private and commercial.
Key players in the market are Blue Dart Express Limited, Deutsche Post AG, DB Schenker, CEVA Logistics, DSV A/S, FedEx Corp., United Parcel Service of America, Inc., NIPPON EXPRESS HOLDINGS, INC., Delhivery Limited, and A.P. Moller – Maersk, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Service |
|
| Breakup by Destination |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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