Market Highlights: Air transport is vital for manufactures trade, particularly trade in component which is major part of cross border trade. Freight transporting companies arrange transport facilities and take the full responsibility for consignments as per the terms agreed. Rising trade activities backed by favorable government initiatives is driving the Air cargo & Freight Logistic market. Nowadays customer seeks to improve their supply chains, hence freight transport companies are focusing towards customized value added services to increase the high margins. In recent year Air freight transport has seen significant rise and as IATA (International Air Transport Association) forecasts, Air cargo to carry to 62.5 Million tons in 2018 which is approximately 5% on the 59.9 Million tons in 2017. The market study is being classified, by Application (Food, Industrial Materials, Equipment and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Air Cargo & Freight Logistics are FedEx (Federal Express) Corporation (United States), Expeditors International (United States), United Parcel Service Inc. (United States), Kuehne + Nagel (Switzerland), CEVA Logistics (Switzerland), Bollore Group SDV (France), Deutsche Post DHL (Germany), DB Schenker (Germany), Korean Airlines (South Korea), The Emirates Group (United Arab Emirates), Cathay Pacific Airways Limited (Hong Kong), Cargolux Airlines International S.A (Luxembourg), China Airlines Ltd (China) and Japan Airlines Co. (Japan).
The Destination, such as Domestic, is boosting the Air Cargo & Freight Logistics 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 Service Type, such as Express, is boosting the Air Cargo & Freight Logistics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In November 2018, Kuehne + Nagel intended to acquire Quick International Courier, a market leading provider of time-critical transportation and logistics solutions globally. "The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio”, says Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG.
Key Questions Answered in the Report What will the Air Cargo & Freight Logistics Market size and the growth rate be in Future? What are the key factors driving the Air Cargo & Freight Logistics Market? What are the key market trends and macro-economic impacting the growth of the Air Cargo & Freight Logistics Market? What are the challenges to market growth? Who are the key vendors in the Air Cargo & Freight Logistics Market? What are the market opportunities and threats faced by the vendors in the Air Cargo & Freight Logistics Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Air Cargo & Freight Logistics Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Air Cargo & Freight Logistics market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Air Cargo & Freight Logistics market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.