LONDON--(BUSINESS WIRE)--The global airfreight forwarding market is poised to grow by 7.67 million tons during 2020-2024, progressing at a CAGR of over 4% during the forecast period. Request Free Sample Pages
Read the 120-page research report with TOC on "Airfreight Forwarding Market Analysis Report by End-user (Manufacturing industry, Retail industry, and Other industries), by Geography (APAC, North America, Europe, MEA, and South America), and Segment Forecasts, 2020 – 2024."
The market is driven by the growing e-commerce sector. In addition, the rising free-trade agreements in Europe are also anticipated to drive the airfreight forwarding market growth during the forecast period.
The e-commerce sector is expected to grow at a CAGR of around 20% during the forecast period. The development of the global e-commerce market is supported by the increase in 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. In addition, cross-border e-commerce activities are also increasing, especially in the UK, Germany, China, and the US. The augmented online sales are expected to positively influence the volume of global airfreight. Furthermore, some airfreight service providers are customizing their offerings to cater to the needs of e-commerce companies which will trigger market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Airfreight Forwarding Market Companies:
A.P. Moller Maersk AS
A.P. Moller Maersk AS operates in key business segments including Ocean, Logistics and Services, Terminals and Towage, and Manufacturing and Others. The company’s freight forwarding business is handled by Damco.
C.H. Robinson Worldwide Inc.
C.H. Robinson Worldwide Inc. operates in key segments including North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate. The company offers global airfreight forwarding services with access to 15 large scale air gateways.
CEVA Logistics AG
CEVA Logistics AG. operates in key business segments including Freight Management and Contract Logistics. The offerings under airfreight forwarding include air charter, air now, air premium, air value, on-board courier, and other value-added services.
Deutsche Bahn AG
Deutsche Bahn AG offers a varied range of products and services through key business segments including DB Long Distance, DB Regional, DB Arriva, DB Cargo, DB Schenker, DB Netze Track, DB Netze Stations, DB Netze Energy, and Subsidiaries. The company offers airfreight forwarding services through its subsidiary DB Schenker.
Deutsche Post AG
The company operates through the following key business segments which include Post eCommerce Parcel (PeP), Express, Global Forwarding Freight, Supply Chain, and Corporate Functions. The service offerings include same-day jetliner, air charter, air thermonet, air priority, and other services.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Airfreight Forwarding End-User Outlook (Revenue, USD Million, 2020 – 2024)
- Manufacturing industry
- Retail industry
- Other industries
Airfreight Forwarding Regional Outlook (Revenue, USD Million, 2020 – 2024)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials are:
Global Project Logistics Market 2020-2024 – Global project logistics market by service (transportation, warehousing, and others), and geography (APAC, Europe, MEA, North America, and South America).
Global E-commerce Logistics Market 2019-2023 – Global e-commerce logistics market by service (transportation, warehousing, and others) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.