Airfreight Forwarding Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (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.

Airfreight Forwarding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global airfreight forwarding market grew at a CAGR of around 5% during 2014-2019. Airfreight forwarding is a process wherein a firm act as an intermediary between the manufacturer and various transportation services to transport goods to the final distribution point. It includes activities such as warehousing, booking cargo space, freight consolidation, negotiating freight charges, tracking inland transportation, filing insurance claims, preparing shipping and export documents, packaging and labeling goods, and centralizing control loading, customs and security procedures. Consequently, it is utilized to deliver perishable and non-perishable goods, such as electronic appliances, automotive parts, retail products, jewelry, healthcare products, etc.

The expanding international trade is escalating the demand for airfreight forwarding to ease the supply chain process and allow organizations to focus on their core business activities. Apart from this, the rising online sales of consumer electronics and fashionable garments are increasing the adoption of airfreight forwarding across small and medium-sized enterprises (SMEs) to manage cross-border e-commerce activities effectively. Additionally, market players are offering customized solutions to meet the transportation needs of e-commerce companies. Furthermore, the escalating demand for automotive products, medical devices, agricultural products and seafood is increasing business-to-business (B2B) shipping, which is propelling the market growth. However, travel bans and other related restrictions imposed by governing agencies of several countries to contain the spread of the coronavirus disease (COVID-19) have negatively impacted the air freight and logistics services around the world. The market growth is anticipated to revive once these restrictions are relaxed. Looking forward, IMARC Group expects the global airfreight forwarding market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global airfreight forwarding market report, along with forecasts for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, type, service type and end use industry.

Breakup by Type:

Full Charter
Split Charter

Breakup by Service Type:

Packaging and Labelling
Documentation and PO Management
Charter Services
Transportation and Warehousing
Others

Breakup by End Use Industry:

Retail and FMCG
Manufacturing
Consumer Appliances
Healthcare
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and UPS Supply Chain Solutions.

Key Questions Answered in This Report:

How has the global airfreight forwarding market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global airfreight forwarding market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global airfreight forwarding market and who are the key players?
What is the degree of competition in the industry?