Airfreight Forwarding Market Report by Type (Full Charter, Split Charter), Service Type (Packaging and Labelling, Documentation and PO Management, Charter Services, Transportation and Warehousing, and Others), End Use Industry (Retail and FMCG, Manufacturing, Consumer Appliances, Healthcare, and Others), and Region  2024-2032

Airfreight Forwarding Market Report by Type (Full Charter, Split Charter), Service Type (Packaging and Labelling, Documentation and PO Management, Charter Services, Transportation and Warehousing, and Others), End Use Industry (Retail and FMCG, Manufacturing, Consumer Appliances, Healthcare, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2897
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Market Overview:

The global airfreight forwarding market size reached 49.7 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 68.8 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
49.7 Million Tons
Market Forecast in 2032
68.8 Million Tons
Market Growth Rate 2024-2032 3.6%


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.

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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 at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, service type and end use industry.

Breakup by Type:

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Segment Coverage Type, Service Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global airfreight forwarding market reached a volume of 49.7 Million Tons in 2023.

We expect the global airfreight forwarding market to exhibit a CAGR of 3.6% during 2024-2032.

The rising utilization of airfreight forwarding for delivering various perishable and non-perishable goods, such as electronic appliances, automotive parts, retail products, etc., is primarily driving the global airfreight forwarding market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of numerous aviation activities, thereby negatively impacting the global market for airfreight forwarding.

Based on the type, the global airfreight forwarding market has been segregated into full charter and split charter, where full charter currently exhibits a clear dominance in the market.

Based on the end use industry, the global airfreight forwarding market can be bifurcated into retail and FMCG, manufacturing, consumer appliances, healthcare, and others. Currently, manufacturing holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global airfreight forwarding market include 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.

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Airfreight Forwarding Market Report by Type (Full Charter, Split Charter), Service Type (Packaging and Labelling, Documentation and PO Management, Charter Services, Transportation and Warehousing, and Others), End Use Industry (Retail and FMCG, Manufacturing, Consumer Appliances, Healthcare, and Others), and Region  2024-2032
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