Airfreight Forwarding Market by End-user and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 143

SKU: IRTNTR40405

Snapshot

The airfreight forwarding market share is expected to increase by 7107.92 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.48%.

This 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 application (manufacturing industry, retail industry, and other industries) and geography (APAC, North America, Europe, the Middle East, Africa, and South America). The market report also offers information on several market vendors, including AP Moller Maersk AS, Agility Public Warehousing Co K.S.C.P, Aramex International LLC, C.H. Robinson Worldwide Inc., CEVA Logistics AG, CJ Logistics Corp, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Gati Ltd, GEODIS, Kerry Logistics Network Ltd., Kuehne Nagel International AG, Nippon Express Holdings Inc, Omni Logistics LLC, Singapore Post Ltd, SINO Group, United Parcel Service Inc., and XPO Logistics Inc. among others.

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

Download Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

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 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's 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 Market Driver

The growing e-commerce sector is notably driving the global 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 Market Trend

Increasing US agricultural export to China is the key market trend driving global 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 Market Challenge

The growing global rail logistics market is the major challenge impeding the global 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 air freight. The growth of rail logistics operations is expected to be a threat to the vendors of the global market during the forecast period.

This 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 2022-2026.

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 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:

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The 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 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 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.

Which are the Key Regions for Airfreight Forwarding Market?

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62% 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 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 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 Application Segments in the Airfreight Forwarding Market?

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The 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 in 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 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	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.48%
Market growth 2022-2026	7107.92 thousand tons
Market structure	Fragmented
YoY growth (%)	3.87
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 62%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AP Moller Maersk AS, Agility Public Warehousing Co K.S.C.P, Aramex International LLC, C.H. Robinson Worldwide Inc., CEVA Logistics AG, CJ Logistics Corp, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Gati Ltd, GEODIS, Kerry Logistics Network Ltd., Kuehne Nagel International AG, Nippon Express Holdings Inc, Omni Logistics LLC, Singapore Post Ltd, SINO Group, United Parcel Service 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, and Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the airfreight forwarding industry across APAC, North America, Europe, Middle East, Africa, 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 market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (thousand t)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (thousand t)
- Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Manufacturing industry - Market size and forecast 2021-2026
- Exhibit 28: Chart on Manufacturing industry - Market size and forecast 2021-2026 (thousand t)
- Exhibit 29: Data Table on Manufacturing industry - Market size and forecast 2021-2026 (thousand t)
- Exhibit 30: Chart on Manufacturing industry - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Manufacturing industry - Year-over-year growth 2021-2026 (%)

5.4 Retail industry - Market size and forecast 2021-2026
- Exhibit 32: Chart on Retail industry - Market size and forecast 2021-2026 (thousand t)
- Exhibit 33: Data Table on Retail industry - Market size and forecast 2021-2026 (thousand t)
- Exhibit 34: Chart on Retail industry - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Retail industry - Year-over-year growth 2021-2026 (%)

5.5 Other industries - Market size and forecast 2021-2026
- Exhibit 36: Chart on Other industries - Market size and forecast 2021-2026 (thousand t)
- Exhibit 37: Data Table on Other industries - Market size and forecast 2021-2026 (thousand t)
- Exhibit 38: Chart on Other industries - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Other industries - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application (thousand t)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (thousand t)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (thousand t)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (thousand t)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (thousand t)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 (thousand t)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 (thousand t)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand t)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand t)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 (thousand t)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 (thousand t)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 (thousand t)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (thousand t)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 (thousand t)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 (thousand t)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (thousand t)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (thousand t)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 (thousand t)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 (thousand t)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 (thousand t)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 (thousand t)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography (thousand t)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption

9.4 Industry risks
- Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 91: Vendors covered

10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification

10.3 AP Moller Maersk AS
- Exhibit 93: AP Moller Maersk AS - Overview
- Exhibit 94: AP Moller Maersk AS - Business segments
- Exhibit 95: AP Moller Maersk AS - Key offerings
- Exhibit 96: AP Moller Maersk AS - Segment focus

10.4 C.H. Robinson Worldwide Inc.
- Exhibit 97: C.H. Robinson Worldwide Inc. - Overview
- Exhibit 98: C.H. Robinson Worldwide Inc. - Business segments
- Exhibit 99: C.H. Robinson Worldwide Inc. - Key news
- Exhibit 100: C.H. Robinson Worldwide Inc. - Key offerings
- Exhibit 101: C.H. Robinson Worldwide Inc. - Segment focus

10.5 CEVA Logistics AG
- Exhibit 102: CEVA Logistics AG - Overview
- Exhibit 103: CEVA Logistics AG - Business segments
- Exhibit 104: CEVA Logistics AG - Key offerings
- Exhibit 105: CEVA Logistics AG - Segment focus

10.6 Deutsche Bahn AG
- Exhibit 106: Deutsche Bahn AG - Overview
- Exhibit 107: Deutsche Bahn AG - Business segments
- Exhibit 108: Deutsche Bahn AG - Key offerings
- Exhibit 109: Deutsche Bahn AG - Segment focus

10.7 Deutsche Post DHL Group
- Exhibit 110: Deutsche Post DHL Group - Overview
- Exhibit 111: Deutsche Post DHL Group - Business segments
- Exhibit 112: Deutsche Post DHL Group - Key news
- Exhibit 113: Deutsche Post DHL Group - Key offerings
- Exhibit 114: Deutsche Post DHL Group - Segment focus

10.8 DSV Panalpina AS
- Exhibit 115: DSV Panalpina AS - Overview
- Exhibit 116: DSV Panalpina AS - Business segments
- Exhibit 117: DSV Panalpina AS - Key offerings
- Exhibit 118: DSV Panalpina AS - Segment focus

10.9 FedEx Corp.
- Exhibit 119: FedEx Corp. - Overview
- Exhibit 120: FedEx Corp. - Business segments
- Exhibit 121: FedEx Corp. - Key offerings
- Exhibit 122: FedEx Corp. - Segment focus

10.10 Kuehne Nagel International AG
- Exhibit 123: Kuehne Nagel International AG - Overview
- Exhibit 124: Kuehne Nagel International AG - Business segments
- Exhibit 125: Kuehne Nagel International AG - Key news
- Exhibit 126: Kuehne Nagel International AG - Key offerings
- Exhibit 127: Kuehne Nagel International AG - Segment focus

10.11 United Parcel Service Inc.
- Exhibit 128: United Parcel Service Inc. - Overview
- Exhibit 129: United Parcel Service Inc. - Business segments
- Exhibit 130: United Parcel Service Inc. - Key offerings
- Exhibit 131: United Parcel Service Inc. - Segment focus

10.12 XPO Logistics Inc.
- Exhibit 132: XPO Logistics Inc. - Overview
- Exhibit 133: XPO Logistics Inc. - Business segments
- Exhibit 134: XPO Logistics Inc. - Key offerings
- Exhibit 135: XPO Logistics Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources

11.5 List of abbreviations
- Exhibit 142: List of abbreviations

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

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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