London, 27 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Airfreight Forwarding Market 2014-2018, which is expected to grow at a CAGR of 2.9 percent during the forecast period of 2013-2018.
Airfreight forwarders are intermediary agents that arrange shipments for industries from the manufacturer to the final point of distribution. They are usually associated with the movement of light, expensive, and perishable cargo that needs quick transportation.
“One of the major trends influencing the growth of this market is the increased implementation of e-freight programs in the Airfreight industry,” says Faisal Ghaus, Vice President of TechNavio.
“These e-freight programs facilitate the transportation process for forwarders by reducing end-to-end transfer times, reducing the possibility of manual errors in documentation, and ensuring that regulatory compliance procedures are not violated.”
Key Market Drivers
- Faster Delivery of Perishable and Urgently Required Items
- Increased Off-shoring Operations in the APAC Region by Corporations
- Rising Demand for Integrated Services
- Requirement for Regional and Local Market Expertise in Freight Transportation
Key Market Trends
- Increase in Implementation of e-Freight Programs
- Increased Consumer Preference for Forwarders over Airline Carriers
- Consolidation in the Industry
Key Market Vendors
- DB Schenker AG
- Deutsche Post DHL AG
- Kintetsu World Express Inc.
- Kuehne + Nagel International AG
- Panalpina Welttransport (Holding) AG
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
