Airfreight Forwarding Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40405
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The airfreight forwarding market has the potential to grow by 7343.97 thousand tons during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.39%.

This airfreight forwarding market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (manufacturing industry, retail industry, and other industries) and geography (APAC, North America, Europe, MEA, and South America). The airfreight forwarding market report also offers information on several market vendors, including A.P. Moller - Maersk AS, C.H. Robinson Worldwide Inc., CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, United Parcel Service Inc., and XPO Logistics Inc. among others.

What will the Airfreight Forwarding Market Size be in 2021?

Airfreight-Forwarding-Market-Market-Size-2020-2025

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Airfreight Forwarding Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing e-commerce sector is notably driving the airfreight forwarding market growth, although factors such as the growing global rail logistics market may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the airfreight forwarding industry get your FREE report sample now.

  • The continuous growth of the e-commerce sector is one of the key factors propelling the airfreight forwarding market growth during the forecast period.
  • Economies, including the US and China, are contributing significantly to the bolstering development of the global e-commerce market.
  • Cross-border e-commerce activities are increasing across economies including the UK, Germany, the US, and China.
  • The augmented online sales will positively influence the airfreight forwarding market, in turn, encouraging airfreight service providers to customize offerings for meeting the air transportation needs of the e-commerce companies.
  • The increasing US agricultural export to China will fuel the growth of the airfreight forwarding market size.
  • In 2020, agricultural products from the US worth about $26.5 billion were exported to China.
  • The products included meat, cut flowers, seafood, and others.
  • China reduced the value-added tax on primary agricultural products to 11% from 13%.
  • The tax reduction is further expected to enhance the imports of agricultural products in China. This, in turn, is expected to increase the demand for airfreight forwarding service because quick delivery is required to prevent the spoilage of agricultural products.

This airfreight forwarding market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Airfreight Forwarding Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • A.P. Moller - Maersk AS
  • C.H. Robinson Worldwide Inc.
  • CEVA Logistics AG
  • Deutsche Bahn AG
  • Deutsche Post DHL Group
  • DSV Panalpina AS
  • FedEx Corp.
  • Kuehne + Nagel International AG
  • United Parcel Service Inc.
  • XPO Logistics Inc.

 

The airfreight forwarding market is concentrated and the vendors are deploying growth strategies such as product launches and business expansions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the airfreight forwarding market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Airfreight Forwarding Market?

Airfreight-Forwarding-Market-Market-Share-by-Region-2020-2025

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63% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for airfreight forwarding in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing demand in the retail and electronics industries will facilitate the airfreight forwarding market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Airfreight Forwarding Market?

Airfreight-Forwarding-Market-Market-Share-by-End-2020-2025

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The airfreight forwarding market share growth by the manufacturing industry segment will be significant during the forecast period. The rising demand for consumer electronics, automotive products, and medical devices is the key market growth driver by the manufacturing industry.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the airfreight forwarding market size.

 

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What are the Key Factors Covered in this Airfreight Forwarding Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive airfreight forwarding market growth during the next five years
  • Precise estimation of the airfreight forwarding market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the airfreight forwarding industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of airfreight forwarding market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The airfreight forwarding market growth will increase by $7.67 million tons during 2019-2024.
The airfreight forwarding market is expected to grow at a CAGR of 4.34% during 2019-2024.
Technavio has segmented the airfreight forwarding market by end user volume (Manufacturing industry, Retail industry, and Other industries) and geographic (APAC, North America, Europe, MEA, and South America).
A.P. Moller Maersk AS, C.H. Robinson Worldwide Inc., CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post AG, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, United Parcel Service of America Inc., XPO Logistics Inc. are a few of the key vendors in the airfreight forwarding market.
APAC will register the highest growth rate of 67.93% among the other regions. Therefore, the airfreight forwarding market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the airfreight forwarding market growth are:
  • Growing e-commerce sector
The airfreight forwarding market vendors should focus on grabbing business opportunities from the manufacturing industry segment as it accounted for the largest market share in the base year.
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