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Airfreight Forwarding Market Report by Type (Full Charter, Split Charter), Service Type (Packaging and Labelling, Documentation and PO Management, Charter Services, Transportation and Warehousing, and Others), End Use Industry (Retail and FMCG, Manufacturing, Consumer Appliances, Healthcare, and Others), and Region 2024-2032
Market Report I 2024-08-10 I 148 Pages I IMARC Group
The global airfreight forwarding market size reached 49.7 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 68.8 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Airfreight forwarding is a process wherein a firm act as an intermediary between the manufacturer and various transportation services to transport goods to the final distribution point. It includes activities such as warehousing, booking cargo space, freight consolidation, negotiating freight charges, tracking inland transportation, filing insurance claims, preparing shipping and export documents, packaging and labeling goods, and centralizing control loading, customs and security procedures. Consequently, it is utilized to deliver perishable and non-perishable goods, such as electronic appliances, automotive parts, retail products, jewelry, healthcare products, etc.
The expanding international trade is escalating the demand for airfreight forwarding to ease the supply chain process and allow organizations to focus on their core business activities. Apart from this, the rising online sales of consumer electronics and fashionable garments are increasing the adoption of airfreight forwarding across small and medium-sized enterprises (SMEs) to manage cross-border e-commerce activities effectively. Additionally, market players are offering customized solutions to meet the transportation needs of e-commerce companies. Furthermore, the escalating demand for automotive products, medical devices, agricultural products and seafood is increasing business-to-business (B2B) shipping, which is propelling the market growth. However, travel bans and other related restrictions imposed by governing agencies of several countries to contain the spread of the coronavirus disease (COVID-19) have negatively impacted the air freight and logistics services around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global airfreight forwarding market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, service type and end use industry.
Breakup by Type:
- Full Charter
- Split Charter
Breakup by Service Type:
- Packaging and Labelling
- Documentation and PO Management
- Charter Services
- Transportation and Warehousing
- Others
Breakup by End Use Industry:
- Retail and FMCG
- Manufacturing
- Consumer Appliances
- Healthcare
- Others
Breakup by Region:
- North America
o United States
o Canada
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bollore Logistics, CEVA Logistics AG (CMA CGM S.A.), Deutsche Post AG, DSV Panalpina A/S, Expeditors International, Hellmann Worldwide Logistics, Kuehne Nagel International AG, Nippon Express, Sinotrans Limited and UPS Supply Chain Solutions.
Key Questions Answered in This Report
1. What was the size of the global airfreight forwarding market in 2023?
2. What is the expected growth rate of the global airfreight forwarding market during 2024-2032?
3. What are the key factors driving the global airfreight forwarding market?
4. What has been the impact of COVID-19 on the global airfreight forwarding market?
5. What is the breakup of the global airfreight forwarding market based on the type?
6. What is the breakup of the global airfreight forwarding market based on the end use industry?
7. What are the key regions in the global airfreight forwarding market?
8. Who are the key players/companies in the global airfreight forwarding market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Airfreight Forwarding Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Full Charter
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Split Charter
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Type
7.1 Packaging and Labelling
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Documentation and PO Management
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Charter Services
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Transportation and Warehousing
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Retail and FMCG
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Manufacturing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Appliances
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bollore Logistics
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 CEVA Logistics AG (CMA CGM S.A.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Deutsche Post AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 DSV Panalpina A/S
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Expeditors International
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Hellmann Worldwide Logistics
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Kuehne Nagel International AG
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Nippon Express
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Sinotrans Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 UPS Supply Chain Solutions
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
Figure 1: Global: Airfreight Forwarding Market: Major Drivers and Challenges
Figure 2: Global: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018-2023
Figure 3: Global: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 4: Global: Airfreight Forwarding Market: Breakup by Type (in %), 2023
Figure 5: Global: Airfreight Forwarding Market: Breakup by Service Type (in %), 2023
Figure 6: Global: Airfreight Forwarding Market: Breakup by End Use Industry (in %), 2023
Figure 7: Global: Airfreight Forwarding Market: Breakup by Region (in %), 2023
Figure 8: Global: Airfreight Forwarding (Full Charter) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 9: Global: Airfreight Forwarding (Full Charter) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 10: Global: Airfreight Forwarding (Split Charter) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 11: Global: Airfreight Forwarding (Split Charter) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 12: Global: Airfreight Forwarding (Packaging and Labelling) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 13: Global: Airfreight Forwarding (Packaging and Labelling) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 14: Global: Airfreight Forwarding (Documentation and PO Management) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 15: Global: Airfreight Forwarding (Documentation and PO Management) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 16: Global: Airfreight Forwarding (Charter Services) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 17: Global: Airfreight Forwarding (Charter Services) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 18: Global: Airfreight Forwarding (Transportation and Warehousing) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 19: Global: Airfreight Forwarding (Transportation and Warehousing) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 20: Global: Airfreight Forwarding (Others) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 21: Global: Airfreight Forwarding (Others) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 22: Global: Airfreight Forwarding (Retail and FMCG) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 23: Global: Airfreight Forwarding (Retail and FMCG) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 24: Global: Airfreight Forwarding (Manufacturing) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 25: Global: Airfreight Forwarding (Manufacturing) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 26: Global: Airfreight Forwarding (Consumer Appliances) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 27: Global: Airfreight Forwarding (Consumer Appliances) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 28: Global: Airfreight Forwarding (Healthcare) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 29: Global: Airfreight Forwarding (Healthcare) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 30: Global: Airfreight Forwarding (Others) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 31: Global: Airfreight Forwarding (Others) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 32: North America: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 33: United States: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 34: United States: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 35: Canada: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 36: Canada: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 37: North America: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 38: Asia-Pacific: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 39: China: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 40: China: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 41: Japan: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 42: Japan: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 43: India: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 44: India: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 45: South Korea: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 46: South Korea: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 47: Australia: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 48: Australia: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 49: Indonesia: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 50: Indonesia: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 51: Others: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 52: Others: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 53: Asia-Pacific: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 54: Europe: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 55: Germany: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 56: Germany: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 57: France: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 58: France: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 59: United Kingdom: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 60: United Kingdom: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 61: Italy: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 62: Italy: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 63: Spain: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 64: Spain: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 65: Russia: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 66: Russia: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 67: Others: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 68: Others: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 69: Europe: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 70: Latin America: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 71: Brazil: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 72: Brazil: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 73: Mexico: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 74: Mexico: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 75: Others: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 76: Others: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 77: Latin America: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 78: Middle East and Africa: Airfreight Forwarding Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 79: Middle East and Africa: Airfreight Forwarding Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Airfreight Forwarding Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 81: Global: Airfreight Forwarding Industry: SWOT Analysis
Figure 82: Global: Airfreight Forwarding Industry: Value Trends Chain Analysis
Figure 83: Global: Airfreight Forwarding Industry: Porters Five Forces Analysis
Table 1: Global: Airfreight Forwarding Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Airfreight Forwarding Market Forecast: Breakup by Type (in Million Tons), 2024-2032
Table 3: Global: Airfreight Forwarding Market Forecast: Breakup by Service Type (in Million Tons), 2024-2032
Table 4: Global: Airfreight Forwarding Market Forecast: Breakup by End Use Industry (in Million Tons), 2024-2032
Table 5: Global: Airfreight Forwarding Market Forecast: Breakup by Region (in Million Tons), 2024-2032
Table 6: Global: Airfreight Forwarding Market: Competitive Structure
Table 7: Global: Airfreight Forwarding Market: Key Players
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