According to IMARC Group latest report titled “Airfreight Forwarding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on airfreight forwarding market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
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.
Airfreight forwarding is a critical service within the logistics industry, designed to expedite the transportation of goods globally via air carriers. It involves organizing and managing the movement of goods from the point of origin to the point of destination, ensuring swift and efficient delivery. Freight forwarders, the facilitators of this service, offer comprehensive solutions that encompass everything from packaging, documentation, customs clearance, warehousing, and cargo space booking to tracking and delivery. This service is paramount in industries that require immediate or time-sensitive delivery of products, such as pharmaceuticals, perishable food items, automotive components, and high-value merchandise. In addition, airfreight forwarding is a crucial element for e-commerce businesses, high-tech industries, and other sectors prioritizing speed, efficiency, and reliability in their supply chain operations.
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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.
Global Airfreight Forwarding Market Segmentation:
Our report has categorized the market based on region, type, service type and end-use.
Breakup by Type:
Breakup by Service Type:
Breakup by End Use Industry:
Breakup by Region:
Key highlights of the report:
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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