Industry Background:
Airfreight Forwarding is the process in which company that arranges shipments for persons or organizations to get goods from the manufacturer to a marketplace, client or final point of supply. Airfreight forwarding agents are the persons who are responsible to provide any service directly as well as indirectly. There is various type of airfreight forwarding processes such as packaging and labeling, documentation and PO management, charter services and transportation and warehousing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Kuehne + Nagel International AG (Switzerland), Deutsche Post DHL Group (Germany), DB Schenker (Germany), Nippon Express Co., Ltd (Japan), DSV A/S (Denmark), UPS Supply Chain Solutions Inc. (United States), Expeditors International (United States), Sinotrans Limited (China), The Panalpina Group (Switzerland) and Hellmann Worldwide Logistics (Germany) |
According to AMA, the market for Airfreight Forwarding is expected to register a CAGR of 4.3% during the forecast period to 2028. This growth is primarily driven by Increasing JIT Manufacturing Process, Growing E-Commerce Sector and Rising Internet Usage.
Globally, a noticeable market trend is evident Introduction of Block Chain
The Air Freight & Logistics sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Kuehne + Nagel International AG (Switzerland), Deutsche Post DHL Group (Germany), DB Schenker (Germany), Nippon Express Co., Ltd (Japan), DSV A/S (Denmark), UPS Supply Chain Solutions Inc. (United States), Expeditors International (United States), Sinotrans Limited (China), The Panalpina Group (Switzerland) and Hellmann Worldwide Logistics (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Airfreight forwarding market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 1st October 2018, Kuehne + Nagel has acquired Wira Logistics, a leading logistic indinesian company. This acquision helps Kuehne + Nagel’s to expand nationwide warehousing and distribution network in Indonesia. and On 21st November 2018, Kuehne + Nagel has acquired Quick International Courier, a leading provider of time-critical transportation and logistics solutions across the world.
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
Influencing Trend:
Introduction of Block Chain and Upsurging Demand due to Digitization in Airfreight Forwarding Process
Market Growth Drivers:
Increasing JIT Manufacturing Process, Growing E-Commerce Sector and Rising Internet Usage
Challenges:
Lack of Skilled Work Force
Restraints:
Rail Logistic Market is Popular Due to Low Transportation Cost
Opportunities:
Technological Invention will Create an Opportunity
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Airfreight Forwarding Market
- Analysis about New Entrants in Airfreight Forwarding Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Airfreight Forwarding Study Sheds Light on
The Airfreight Forwarding Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Airfreight Forwarding industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airfreight Forwarding industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.