- The key vendors in the Airfreight Forwarding Market in the EMEA Region 2014-2018 are DB Schenker AG, Deutsche Post DHL AG, Kuehne + Nagel International AG and Panalpina Welttransport Holding AG.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Airfreight Forwarding Market in the EMEA Region 2014-2018. One of the major trends influencing the market is the consolidation in the industry. Major players are acquiring local players to increase their portfolio of offerings, which is creating an anti-competitive scenario. More and more carriers and large forwarders are acquiring regional freight forwarders in an attempt to integrate a range of services and broaden their portfolio of offerings and gain access to regional markets. The Airfreight Forwarding market in the EMEA region is expected to grow at a CAGR of 2.73 percent during the forecast period of 2014-2018.
The vendors in the Airfreight Forwarding market in the EMEA region serve major customers that are distributed across many verticals. They serve major customers in manufacturing industries such as Industrial and Automation Components, FMCG and Retail, Healthcare, Pharmaceuticals, and Chemicals. Increasingly, forwarders are providing integrated solutions involving customs clearance, warehousing, and distribution as well as source consolidation and destination deconsolidation.
“Both airfreight and ocean freight customers are increasingly becoming dependent on 3PL service providers such as forwarding companies that provide integrated solutions,” says Faisal Ghaus, Vice President of TechNavio Research.
“Forwarders have long-term relationships with carriers and manage to get better freight rates and provide consolidation services.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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