The global airfreight forwarding market size reached 49.7 Million Tons in 2023. Looking forward, the publisher expects the market to reach 68.8 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.68% during 2023-2032.
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.
2. What is the expected growth rate of the global airfreight forwarding market during 2024-2032?
3. What are the key factors driving the global airfreight forwarding market?
4. What has been the impact of COVID-19 on the global airfreight forwarding market?
5. What is the breakup of the global airfreight forwarding market based on the type?
6. What is the breakup of the global airfreight forwarding market based on the end use industry?
7. What are the key regions in the global airfreight forwarding market?
8. Who are the key players/companies in the global airfreight forwarding market?
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.
Key Market Segmentation:
The publisher 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:
- 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
1. What was the size of the global airfreight forwarding market in 2023?2. What is the expected growth rate of the global airfreight forwarding market during 2024-2032?
3. What are the key factors driving the global airfreight forwarding market?
4. What has been the impact of COVID-19 on the global airfreight forwarding market?
5. What is the breakup of the global airfreight forwarding market based on the type?
6. What is the breakup of the global airfreight forwarding market based on the end use industry?
7. What are the key regions in the global airfreight forwarding market?
8. Who are the key players/companies in the global airfreight forwarding market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Airfreight Forwarding Market
6 Market Breakup by Type
7 Market Breakup by Service Type
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- UPS Supply Chain Solutions
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 49.7 Million Tons |
| Forecasted Market Value by 2032 | 68.8 Million Tons |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
