Global Airfreight Forwarding Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Services;

Airlines, Mail, and others.

By Destination;

Domestic and International.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn703519778 Published Date: January, 2024 Updated Date: March, 2024

Introduction

Global Airfreight Forwarding Market (USD Million), 2020 - 2030

In the year 2023, the Global Airfreight Forwarding Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

Air freight forwarding is a crucial component of global logistics, playing a vital role in transporting goods efficiently and swiftly across the world. Essentially, air freight forwarding involves the coordination and management of shipments via air carriers from one location to another. Air freight forwarders manage the logistics of transporting goods by air, including organizing pickups, ensuring proper packaging, arranging customs clearance, and coordinating deliveries. They work closely with various parties involved in the supply chain, such as shippers, carriers, customs brokers, and consignees. Air freight forwarding involves handling a myriad of documentation, including commercial invoices, airway bills, export/import permits, and customs declarations. Forwarders choose the most suitable air carriers based on factors such as cost, transit time, capacity, and destination. They negotiate rates and service contracts with airlines to secure the best possible deals for their clients.

Air freight forwarders often consolidate multiple shipments into one larger shipment to optimize space and reduce costs. At the destination, they deconsolidate the cargo and ensure that each individual shipment reaches its intended recipient. One of the critical aspects of air freight forwarding is customs clearance. Forwarders work closely with customs authorities to ensure that shipments comply with all import/export regulations and pay any applicable duties or taxes. Forwarders utilize advanced tracking systems to monitor the movement of shipments in real-time. They keep clients informed about the status of their goods, providing updates on departure times, transit progress, and expected delivery dates. Air freight forwarders assess and mitigate risks associated with transporting goods by air, such as potential delays, damage, or loss. They may offer insurance options to protect clients' shipments against unforeseen events. Depending on the nature of the goods being transported, air freight forwarders may offer specialized services such as temperature-controlled shipping for perishable items, hazardous materials handling, or oversized cargo transportation. Air freight forwarding plays a crucial role in facilitating global trade by ensuring that goods are transported quickly, efficiently, and securely to their destinations via air transportation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Services
    2. Market Snapshot, By Destination
    3. Market Snapshot, By Region
  4. Global Airfreight Forwarding Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. The availability and quality of airport infrastructure

        2. Volume of international trade directly impacts air freight forwarding activities

        3. Customer demands for faster delivery times

      2. Restraints
        1. Weather conditions and natural disasters

        2. Incorrect or incomplete documentation can result in customs clearance delays

        3. Outbreaks of infectious diseases can disrupt air freight forwarding operations

      3. Opportunities
        1. Efficiency through Technology

        2. Customization and Value-added Services

        3. Global Network Expansion

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Airfreight Forwarding Market, By Services, 2022 - 2032 (USD Million)
      1. Airlines
      2. Mail
      3. Others
    2. Global Airfreight Forwarding Market, By Destination, 2022 - 2032 (USD Million)
      1. Domestic
      2. International
    3. Global Airfreight Forwarding Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kuehne + Nagel

      2. DB Schenker

      3. DSV Panalpina

      4. UPS Supply Chain Solutions

      5. DHL Supply Chain & Global Forwarding

  7. Analyst Views
  8. Future Outlook of the Market

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