LONDON--(BUSINESS WIRE)--The global airfreight forwarding market research report by Technavio predicts the market to post a CAGR of around 4% during the period 2018-2022.
A key driver for the global airfreight forwarding market is the growing e-commerce sector. During the forecast period, the e-commerce sector is expected to grow at a CAGR of around 20%. The development of the global e-commerce market is being promoted by the growing Internet penetration and improving purchasing power parity across all the regions. The US and China are the key contributing countries to the global e-commerce market.
This global airfreight forwarding market research report provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the penetration of blockchain in airfreight forwarding as one of the key trends in the global airfreight forwarding market:
Global airfreight forwarding market: Penetration of blockchain in airfreight forwarding
The blockchain technique is expected to secure about 11% of the World GDP by 2025. APAC will exhibit the highest use of the technology among all the global markets by 2025 as the countries in this region are increasingly adopting new technologies. This indicates that the APAC region will be an early adopter of new technologies in the future.
“As airfreight forwarding is a service industry, it is expected to benefit significantly from the blockchain technology. Globally, several initiatives are being undertaken to promote the adoption of the technology in airfreight transportation. The Brussels Airport launched a blockchain-based app that will act as a platform for airfreight forwarders to request ad-hoc delivery slots,” says a senior analyst at Technavio for research on packaging.
Global airfreight forwarding market: Segmentation analysis
This airfreight forwarding market analysis report segments the market by end-user (manufacturing industry, retail industry, and other industries) and geography (the Americas, APAC, and EMEA).
The manufacturing industry held the largest airfreight forwarding market share in 2017, accounting for more than 43% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with close to 53% of the market share, followed by the Americas and EMEA, respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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