The global airfreight forwarding market size reached 47.7 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 60.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

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Market Trends:

The global airfreight forwarding market is experiencing significant growth, propelled by the rise in global e-commerce, which necessitates quick and efficient delivery solutions to cater to consumer demands. Along with this, advancements in freight management software, which provide real-time tracking and streamlined logistics processes, have enhanced the efficiency and reliability of airfreight forwarding, further driving market growth. In addition, the rapid globalization of industries and the need for just-in-time deliveries have made airfreight a preferred mode of transport for businesses. Apart from this, growing emphasis on reducing carbon footprint in logistics operations has led to the development of energy-efficient aircraft and the adoption of sustainable practices in airfreight forwarding, thus appealing to environmentally-conscious stakeholders. In confluence with this, market expansion is being driven by increased trade activities in emerging economies, coupled with improved trade relations among nations. Furthermore, the advent of drones and other futuristic technologies for freight transportation is creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Bolloré 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

UPS Supply Chain Solutions

Global Airfreight Forwarding Market Segmentation:

Our report has categorized the market based on region, type, service type and end-use.

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 (United States, Canada)

Europe (Germany, France, United Kingdom, Italy, Spain, Others)

Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

Market Performance (2017-2022)

Market Outlook (2023-2028)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape