The article cited AMA's Global Airfreight Forwarding Market Study explored significant growth with CAGR of 4.3%. According to the report, Introduction of Block Chain
is one of the primary growth factors for the market. Increasing JIT Manufacturing Process
is also expected to contribute significantly to the Airfreight Forwarding market. Overall, Medicine
applications of Airfreight Forwarding, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Airfreight Forwarding Market identified that the demand is rising in many different parts of the world due to "Technological Invention will Create an Opportunity". Furthermore, some recent industry insights like "In February 2021, Kuehne + Nagel International AG acquired Apex International Corporation. Apex international is Asia’s leading freight forwarders, especially in the transpacific and intra-Asia. This acquisition helped company to expand its presence in airfreight forwarding market" is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Skilled Work Force"
The Industry Vertical, such as Manufacturing Industry, is boosting the Airfreight Forwarding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Residential Use, is boosting the Airfreight Forwarding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Airfreight Forwarding market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Airfreight Forwarding market and other related sub-markets covered in the study.
o Key & emerging players in the Airfreight Forwarding market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Airfreight Forwarding market size is calculated using market estimation process, the Airfreight Forwarding market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Airfreight Forwarding market size has been validated using both top-down and bottom-up approaches.