According to IMARC Group latest report titled” Airfreight Forwarding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of around 5% during 2014-2019. The global airfreight forwarding market size to exhibit moderate growth during the next five years.
Market Trends & Drivers:
Airfreight forwarding is the process in which a firm act as an intermediary between the producer and several transport providers to transport goods to the final point of delivery. It involves warehousing, aggregation of freight, booking of cargo space, monitoring inland transport, negotiating freight charges, filing insurance claims, preparing shipping papers, packaging of goods, centralizing control loading, customs and security procedures. Owing to this, airfreight forwarding is used to deliver perishable and non-perishable goods domestically and internationally.
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Growing international trade activities across the globe are propelling the demand for airfreight forwarding to ease the supply chain process and enable organizations to concentrate on their key business activities. Additionally, increasing online sales of consumer goods have led to the adoption of airfreight forwarding services across small and medium-sized enterprises (SMEs) to efficiently handle cross-border e-commerce activities. Furthermore, several market players provide tailored solutions to meet the transport needs of e-commerce firms. Moreover, the escalating demand for automotive goods, medical equipment, agricultural products, and seafood is augmenting business-to-business (B2B) shipping, there by bolstering the market growth.
Competitive Landscape with Key players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Bolloré Logistics
- CEVA Logistics AG (CMA CGM S.A.)
- Deutsche Post AG
- DSV Panalpina A/S
- Expeditors International
- Hellmann Worldwide Logistics
- Kuehne Nagel International AG
- Nippon Express
- Sinotrans Limited
Global Airfreight Forwarding Market Segmentation:
Our report has categorized the market based on Region, Type, Service Type and End-Use.
Market By Type:
- Full Charter
- Split Charter
Market By Service Type:
- Packaging and Labelling
- Documentation and PO Management
- Charter Services
- Transportation and Warehousing
- Others
Market By End Use Industry:
- Retail and FMCG
- Manufacturing
- Consumer Appliances
- Healthcare
- Others
Market By Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/airfreight-forwarding-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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