The global airfreight forwarding market produced almost 30 million tons in 2016 and is expected to surpass 35 million tons by 2021, says Technavio.
Technavio has announced its latest market research report on the global airfreight forwarding market to its packaging portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Deutsche Post DHL Group, Kuehne + Nagel, DB Schenker, NIPPON EXPRESS, UPS Supply Chain Solutions, DSV, Sinotrans, and Expeditors.
According to Sharan Raj, a lead analyst for packaging research at Technavio, “The requirement for immediate transportation of all perishable items within a stipulated time will drive the growth of the market. These items are usually light, expensive, and small products and which requires exceptional care and handling.”
Perishable items such as food and beverage items, pharmaceuticals, and drugs require temperature-controlled specialized containers to stay fresh during the long-distance traveling. Freight services reduce the time of delivery and aids in the process of maintaining the freshness of items.
Click here to request a free sample of this report
Increase in implementation of e-Freight programs
E-freight programs aim to take the paperwork out of cargo and replace it with electronic data exchange and messaging. This service includes information about the booking, the current position of the shipment, and status of delivery. Furthermore, with the help of e-freight, end-users can meet all international and local regulations required by regulatory authorities.
Rising demand for integrated services
The companies in the market are offering a wide range of integrated services to attract more consumers and increase their profitability. Various services offered by the service providers include customs brokerage while exporting and importing, origin consolidation and destination deconsolidation services, supporting government inspections, transloading, and contract logistics services.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Airfreight Forwarding Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Seafreight Forwarding Market 2017-2021
- Global Air Cargo Market 2016-2020
- Rail Freight Transportation Market in Europe 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
