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Airfreight Forwarding Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40405
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The airfreight forwarding market share is expected to increase by 7.67 million tons from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 4.34%.

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 airfreight forwarding market segmentations by end-user by volume (manufacturing industry, retail industry, and other industries) and geography (APAC, North America, Europe, 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 AG, DSV Panalpina AS, FedEx Corp., Kuehne Nagel International AG, United Parcel Service of America Inc., and XPO Logistics Inc. among others.

What will the Airfreight Forwarding Market Size be During the Forecast Period?

Airfreight Forwarding Market Size

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Airfreight Forwarding Market: Key Drivers, Trends, and Challenges

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 the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airfreight forwarding industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Airfreight Forwarding Market Driver

The growing e-commerce sector is notably driving the global airfreight forwarding market growth. The growing Internet penetration and improving purchasing power parity across all the regions are primarily bolstering the development of the global e-commerce market. The US and China are the key contributing countries to the global e-commerce market. For instance, in 2018, the business-to-customer (B2C) e-commerce industry in the US accounted for more than 10% of the overall retail sales in the US. Furthermore, the US e-commerce market is expected to grow significantly during the forecast period. The augmented online sales are expected to positively influence the volume of global airfreight during the forecast period.

Key Airfreight Forwarding Market Trend

Increasing US agricultural export to China is the key market trend driving the global airfreight forwarding market growth. The US exports of agricultural products to China recovered in 2016 after a fall in 2015. 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. In 2017, 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.

Key Airfreight Forwarding Market Challenge

The growing global rail logistics market is the major challenge impeding the global airfreight forwarding market growth. The global rail logistics market is expected to register moderate growth during the forecast period. The growing rail infrastructure and low transportation costs are the main factors triggering the growth of the market. The freight volumes, especially that of the dry cargo, are exhibiting an upward trend since 2009. For instance, in 2018, about 19% of cereal grains transported within the US were through intermodal rail. In Europe, the demand for rail logistics services is from pharmaceutical and electronic component manufacturers. The rise in rail freight volumes is primarily because of its lower operating cost compared with sea freight and airfreight. The growth of rail logistics operations is expected to be a threat to the vendors of the global airfreight forwarding market during the forecast period.

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. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global airfreight forwarding market as a part of the global air freight and logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the airfreight forwarding market during the forecast period.

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 AG
  • DSV Panalpina AS
  • FedEx Corp.
  • Kuehne Nagel International AG
  • United Parcel Service of America Inc.
  • XPO Logistics Inc.

 

This statistical study of the airfreight forwarding market encompasses successful business strategies deployed by the key vendors. The airfreight forwarding market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • A.P. Moller Maersk AS - Freight forwarding business is handled by Damco.

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.

The airfreight forwarding market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Airfreight Forwarding Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the airfreight forwarding market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by vendors to ensure a sustainable market presence.

Which are the Key Regions for Airfreight Forwarding Market?

Airfreight Forwarding Market Market segmentation by region

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74% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for airfreight forwarding market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing demand in the retail and electronics industries in the region will facilitate the airfreight forwarding market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

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

Airfreight Forwarding Market Segmentation

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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. With these developments in the manufacturing industry of electronics, automobiles, and healthcare, the demand for fast and efficient logistics will also increase. Thus, the demand for air freight forwarding will increase during the forecast period.

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

 

Airfreight Forwarding Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 4.34%

Market growth 2020-2024

7.67 million tons

Market structure

Concentrated

YoY growth (%)

3.49

Regional analysis

APAC, North America, Europe, and South America

Performing market contribution

APAC at 74%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., and XPO Logistics Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2020-2024
  • 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, 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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value chain analysis: Air Freight and Logistics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (thousand tons)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user by Volume

    • 5.1 Market segments
      • Exhibit 15: End-user by volume - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user by volume
      • Exhibit 16: Comparison by End-user by volume
    • 5.3 Manufacturing industry - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 17: Manufacturing industry - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 18: Manufacturing industry - Year-over-year growth 2020-2025 (%)
    • 5.4 Retail industry - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 19: Retail industry - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 20: Retail industry - Year-over-year growth 2020-2025 (%)
    • 5.5 Other industries - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 21: Other industries - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 22: Other industries - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by End-user by volume
      • Exhibit 23: Market opportunity by End-user by volume

    6 Customer Landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.7 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 (thousand tons)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography (thousand tons)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 43: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 44: Market positioning of vendors
        • 10.3 A.P. Moller - Maersk AS
          • Exhibit 45: A.P. Moller - Maersk AS - Overview
          • Exhibit 46: A.P. Moller - Maersk AS - Business segments
          • Exhibit 47: A.P. Moller - Maersk AS - Key offerings
          • Exhibit 48: A.P. Moller - Maersk AS - Segment focus
        • 10.4 C.H. Robinson Worldwide Inc.
          • Exhibit 49: C.H. Robinson Worldwide Inc. - Overview
          • Exhibit 50: C.H. Robinson Worldwide Inc. - Business segments
          • Exhibit 51: C.H. Robinson Worldwide Inc. - Key offerings
          • Exhibit 52: C.H. Robinson Worldwide Inc. - Segment focus
        • 10.5 CEVA Logistics AG
          • Exhibit 53: CEVA Logistics AG - Overview
          • Exhibit 54: CEVA Logistics AG - Business segments
          • Exhibit 55: CEVA Logistics AG - Key news
          • Exhibit 56: CEVA Logistics AG - Key offerings
          • Exhibit 57: CEVA Logistics AG - Segment focus
        • 10.6 Deutsche Bahn AG
          • 10.7 Deutsche Post DHL Group
            • Exhibit 62: Deutsche Post DHL Group - Overview
            • Exhibit 63: Deutsche Post DHL Group - Business segments
            • Exhibit 64: Deutsche Post DHL Group - Key news
            • Exhibit 65: Deutsche Post DHL Group - Key offerings
            • Exhibit 66: Deutsche Post DHL Group - Segment focus
          • 10.8 DSV Panalpina AS
            • Exhibit 67: DSV Panalpina AS - Overview
            • Exhibit 68: DSV Panalpina AS - Business segments
            • Exhibit 69: DSV Panalpina AS - Key news
            • Exhibit 70: DSV Panalpina AS - Key offerings
            • Exhibit 71: DSV Panalpina AS - Segment focus
          • 10.9 FedEx Corp.
            • Exhibit 72: FedEx Corp. - Overview
            • Exhibit 73: FedEx Corp. - Business segments
            • Exhibit 74: FedEx Corp. - Key offerings
            • Exhibit 75: FedEx Corp. - Segment focus
          • 10.10 Kuehne + Nagel International AG
            • Exhibit 76: Kuehne + Nagel International AG - Overview
            • Exhibit 77: Kuehne + Nagel International AG - Business segments
            • Exhibit 78: Kuehne + Nagel International AG - Key offerings
            • Exhibit 79: Kuehne + Nagel International AG - Segment focus
          • 10.11 United Parcel Service Inc.
            • Exhibit 80: United Parcel Service Inc. - Overview
            • Exhibit 81: United Parcel Service Inc. - Business segments
            • Exhibit 82: United Parcel Service Inc. - Key offerings
            • Exhibit 83: United Parcel Service Inc. - Segment focus
          • 10.12 XPO Logistics Inc.
            • Exhibit 84: XPO Logistics Inc. - Overview
            • Exhibit 85: XPO Logistics Inc. - Business segments
            • Exhibit 86: XPO Logistics Inc. - Key offerings
            • Exhibit 87: XPO Logistics Inc. - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 88: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 89: Research Methodology
              • Exhibit 90: Validation techniques employed for market sizing
              • Exhibit 91: Information sources
            • 11.4 List of abbreviations
              • Exhibit 92: List of abbreviations

            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
            Technavio

            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
            Technavio

            TechnavioREPORT WRITING

            Qualitative

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

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
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            Airfreight Forwarding Market market growth will increase by $7.67 million tons during 2020-2024.
            The airfreight forwarding market market is expected to grow at a CAGR of 4.34% during 2020-2024.
            Technavio has segmented the airfreight forwarding market market by geography (APAC, North America, Europe, and South America) ,distribution channel (APAC, North America, Europe, MEA, and South America) , and geographic (APAC, North America, Europe, 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 market.
            APAC will register the highest growth rate of 74% among the other regions. Therefore, the airfreight forwarding market 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 market growth are:
            • Growing e-commerce sector
            • Penetration of blockchain in airfreight forwarding
            The airfreight forwarding market market vendors should focus on grabbing business opportunities from the apac segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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