This industry research report presents market forecast and analysis of air freight forwarding until 2019. The research reports details the market segmentation based on manufacturing, FMCG, pharmaceuticals, healthcare, chemicals, Hi-tech, fashion, and textiles. The leading vendors analyzed by this report include Agility, BDP International, Damco, DB Schenker, DHL, DSV, Kuehne + Nagel, Nippon Express, and UPS.
Technavio’s market research analysts estimate the global airfreight forwarding market to grow at a CAGR of 3.5% between 2015 and 2019. Growth in international trade has surged the demand for freight forwarders or integrators for logistics services. The Americas dominate the global market for airfreight forwarding, accounting for 51% of the overall market share. Growth in the volume of trade between US and China and US and Brazil has propelled the growth of the market in the Americas region.
The new market research report from Technavio provides a breakdown and analysis of the airfreight forwarding segments by technology.
“Of late, the market is witnessing a rising demand for integrated services. It includes not only the usual transport of cargo from source to destination but also a range of other services. These services include customs brokerage while exporting and importing, origin consolidation, and destination deconsolidation services such as supporting government inspections, trans-loading, and contract logistics services,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The manufacturing sector is the largest segment of the global air freight forwarding market, accounting for 26% of the overall market. Many industries are categorized under the manufacturing segment. For the FMCG and retail, pharma, healthcare, and chemicals segments, air freight is a preferred mode of movement because of the perishability of items and the urgency of requirement by end-users
The key vendors in the global airfreight forwarding market include Agility, BDP International, Damco, DB Schenker, DHL, DSV, Kuehne + Nagel, Nippon Express, and UPS. During the forecast period, more and more carriers and large forwarders are expected to acquire regional freight forwarding companies in an attempt to integrate a range of services to broaden their portfolio of offerings. It is a strategy that will help them gain access to regional markets.
A more detailed analysis is available in the Technavio report, Global Airfreight Forwarding Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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