Press release
Airfreight Forwarding Market Size By Type, Application, Key Players, Geographic Scope and Forecast 2022 - 2027
The global airfreight forwarding market reached a volume of 45.5 Million Tons in 2021. Looking forward, expects the market to reach 58.6 Million Tons by 2027, exhibiting a CAGR of 3.8% during 2022-2027.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.
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Global Airfreight Forwarding Market: Major Players
UPS Supply Chain Solutions
Sinotrans
DSV
GEODIS
CEVA Logistics
Deutsche Post DHL Group
DACHSER
DB Schenker
C.H. Robinson
Dimerco
CJ Korea Express
Hellmann Worldwide Logistics
NIPPON EXPRESS
Expeditors
Kuehne + Nagel
Global Airfreight Forwarding Market: By Types
Documentation and PO Management
Warehousing and Cargo Tracking
Cargo Insurance and Claims
Freight Consolidation
Others
Global Airfreight Forwarding Market: By Applications
Residential Use
Commercial Use
Industrial Use
Global Airfreight Forwarding Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Airfreight Forwarding market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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What are the Key Data Covered in this Airfreight Forwarding Market Report?
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the airfreight forwarding industry across APAC, North America, Europe, Middle East, Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of market vendors
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue, market share and growth rate of Airfreight Forwarding in these regions, from 2012 to 2022 (forecast), covering
United States
EU
China
Japan
Southeast…
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EU
China
Japan
Southeast…