Global Airfreight Forwarding Market to Flourish as Trade Agreements Increase among Nations

Published Date : Apr 24, 2017

ALBANY, New York, April 24, 2017: has announced the addition of a new market study to its repository, titled “Global Airfreight Forwarding Market Research Report 2022.” The report is an in-depth study of the airfreight forwarding industry including its business potential in various regions of the world. The main factors driving the growth of the market and obstacles faced by industry players are studied in detail. Key segments and sub-segments of the market and information about the leading, declining, and fastest growing segments are given. The latest trends in the market and their impact on the industry are also discussed. Thus, the report is a valuable resource for anyone wishing to invest in the airfreight forwarding market. 

The growing number of trade agreements among nations owing to the flourishing global economy is boosting the global airfreight forwarding market. The international trade has also improved extensively owing to the growth in economy of nations. Growing trade relations has decreased the number of trade barriers as governments have made trade policies much more relaxed. Another factor boosting the global airfreight forwarding market is the growing demand for time-definite shipments. Time-definite shipments become essential for perishable goods such as food products. The growing requirement for expertise in freight transportation for local and regional markets is also slated to boost the growth of airfreight forwarding market. 

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By geography, Asia Pacific is leading in the market, trailed by North America and the Middle East and Africa. By end users, the global airfreight forwarding market is segmented into FMCG, manufacturing, pharmaceuticals, healthcare, chemicals, fashion and textile, and high tech consumer appliance. Of these, the manufacturing segment is leading presently. The segment is estimated to continue to stay in a leading position throughout the forecast period. Small industrial goods, automotive components, and automation goods fall under the manufacturing segment. 

The global airfreight forwarding market is characterized by a high number of small players. The market is thus, fragmented. Some of the leading and well known vendors in the market are DHL, FedEx, and UPS. The market is witnessing a number of mergers and acquisitions among players. This is being done in order to increase the market share and improve their position in the global market. Some of the other players in the market are: Hitachi Transport, Hellmann Worldwide Logistics, Logwin, Kerry Logistics, NNR Global Logistics, Pantos Logistics, Yusen Logistics, Pilot Freight Services, Panalpina, Bolloré Logistics, and Toll Holdings. 

The business and financial overview of the market players are given in the report. In addition to this, the challenges faced and the recent developments by each of the players are also given. Key strategies adopted by players and information on their partnerships, alliances, collaborations, and mergers and acquisitions are also given. The report is thus formulated to help investors to play safe and also gain profit by investing smartly and correctly. 

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