Belgium Freight Forwarding Market is Expected to Cross USD 30 Billion by 2025: Ken Research

Key Findings
• Partnership of Antwerp Port with a subsidiary of Abu Dhabi Ports to adopt block chain is a significant change to port management. Soon, other Belgium ports are expected to introduce Block Chain Technology.
• Rail infrastructure is being streamlined by reducing number of rail logistics centers from 62 to 50 by 2022 and introducing two new tracks between Ghent and Bruges.
• Air Freight Capacity is expected to increase by 3% till at least 2025 and is also likely to rise further till 2030.

Cost Reduction by Artificial Intelligence: Large players such as DHL Belgium are adopting revolutionary AI technologies, which can accurately forecast demand, costs, capacities and delays and transit times. Efficiency will increase immensely leading to higher production as well as reduced costs from lower fuel consumption (about 5%) of self-driven vehicles.

Establishment of E-commerce Trade Hub by Alibaba: Alibaba Group Holdings to launch e-commerce trade hub in Belgium which will attract investments in logistics infrastructure, operations for which begin from 2021. This will boost cross border trade potential, especially with China.

Increase of Sea Freight Volumes due to Brexit: After Brexit, customs tariffs for goods flowing to Britain is expected to rise leading to increase in freight costs, therefore, cheapest mode of transport, i.e., sea freight will be used extensively for small and bulk loads.

Consistent Growth in International Trade: Trade with major international partners such as Asia, Europe, Africa are expected to increase after passing of Comprehensive Economic and Trade Agreement (CETA) by EU and Canada in 2017, improving trade relations between Belgium and Morocco; however, maximum demand is expected from Asian countries, especially China, Indonesia and Taiwan (due to a growing middle class-young population, which generates a huge demand for consumption) and limited demand from Eurozone, since it is grappling with a Eurocrisis.

Analysts at Ken Research in their latest publication “Belgium Freight Forwarding Market Outlook to 2025 by Mode of Freight (Road, Sea, Air), by Cargo Volume (Sea Freight, Air Freight, Road Freight), by International Flow Corridors (Europe, Asia, NAFTA, Middle East, Africa and Others) and by Domestic and International Freight” believe that the Freight Forwarding market in Belgium is expected to grow due to adoption of advanced technologies, heavy investments in rail infrastructure, fast growth in belly capacities of aircrafts and usage of modernized freight fleet by air and higher usage of sea freight post Brexit. The Belgium Freight Forwarding Market is expected to grow at a CAGR of 6.4% during the period 2018-2025.

For more information, refer to below link:
https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/belgium-freight-forwarding-market-outlook-to-2025/274947-100.html

Key Segments Covered

Belgium Freight Forwarding Market
• By Mode of Freight (Revenue, Freight Ton KMs, Major Products, Freight Cost)
 Road Freight
 Air Freight
 Sea Freight
 Rail Freight
 Pipeline
• By Cargo Volume
 Road Freight Cargo Volume
 Air Freight Cargo Volume by Airports
 Sea Freight Cargo Volume by Seaports and type of maritime freight
• By International Flow Corridors (Revenue, Major Countries, Major Products, Recent Developments)
 Europe
 Asia
 NAFTA
 Middle East
 Africa
• By Type of Freight (Revenue, Major Regions, Major Products)
 International Freight
 Domestic Freight

Companies Covered
• Ziegler
• Manuport Logistics
• H. Essers
• Kuehne Nagel
• Cargo Partner
• DHL
• Yusen Logistics
• UPS Logistics
• CEVA Logistics
• Dachser
• Hamann International
• GEFCO
• Delta Transport Services
• Transport Th. Wouters
• LKW Walter
• Dandoy
• Man Trucks
• DocX Rental
• Quicargo

Key Target Audience
• Freight Forwarding Companies
• E Commerce Logistics Companies
• 3PL Companies
• Consultancy Companies
• Trucking Companies
• Trucking Aggregator Companies

Time Period Captured in the Report:-
• Historical Period – 2015-2018
• Forecast Period – 2019-2025

Key Topics Covered in the Report:-
Logistics Infrastructure in Belgium
Belgium Freight Forwarding Market Overview
Belgium Freight Forwarding Market Size
Belgium Freight Forwarding Market Segmentation
Competitive Scenario in Belgium Freight Forwarding Market
Company Profiles of Major Freight Forwarders in Belgium
Company Profiles of Major Trucking Companies in Belgium
Company Profiles of Major Trucking Aggregators in Belgium
Top Reasons to Invest in Belgium
Snapshot on Postal Market
Trends and Developments
Issues and Challenges
SWOT Analysis
Belgium Freight Forwarding Market Future Outlook and Projections
Reform of Taxation and Impact of Brexit
Analyst Recommendations

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https://www.kenresearch.ae/automotive-transportation-and-warehousing/logistics-and-shipping/philippines-logistics-warehousing-market/204159-100.html

https://www.kenresearch.com/automotive-transportation-and-warehousing/logistics-and-shipping/indonesia-logistics-warehousing-market/187996-100.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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