Air Freight Forwarding Market Report: Trends, Forecast and Competitive Analysis to 2030

Air Freight Forwarding Trends and Forecast

The future of the global air freight forwarding market looks promising with opportunities in the pharmaceutical, food & beverage, electronic, automotive, consumer goods markets. The global air freight forwarding market is expected to reach an estimated $133.7 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising demand for air cargo services, coupled with the globalization and liberalization of trade and increasing disposable income.

A more than 150-page report is developed to help in your business decisions.

Air Freight Forwarding by Segment

The study includes a forecast for the global air freight forwarding by type, business model, end use industry, application, and region.

Air Freight Forwarding Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Full Charter
• Split Charter

Air Freight Forwarding Market by Business Model [Shipment Analysis by Value from 2018 to 2030]:

• B2B
• B2C

Air Freight Forwarding Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Pharmaceutical
• Food & Beverage
• Electronic
• Automotive
• Consumer Goods
• Others

Air Freight Forwarding Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Industrial
• Military
• Others

Air Freight Forwarding Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Air Freight Forwarding Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies air freight forwarding companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the air freight forwarding companies profiled in this report include-

• Kuehne + Nagel
• DHL
• DB Schenker Logistics
• GEODIS
• Panalpina
• DSV
• Expeditors
• Nippon Express
• CEVA Logistics
• Pantos Logistics

Air Freight Forwarding Market Insights

Lucintel forecasts that commercial is expected to witness the highest growth over the forecast period due to to greater demand for air transport of goods.

Within this market, pharmaceutical will remain the largest segment due to pharmaceutical products are often high-value and time-sensitive, making air freight the preferred mode of transportation.

APAC is expected to witness highest growth over the forecast period due to growing trade among asia pacific nations and the global community.

Features of the Global Air Freight Forwarding Market

Market Size Estimates: Air freight forwarding market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Air freight forwarding market size by various segments, such as by type, business model, end use industry, application, and region in terms of value ($B).

Regional Analysis: Air freight forwarding market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, business model, end use industry, application, and regions for the air freight forwarding market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the air freight forwarding market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the air freight forwarding market size?

Answer: The global air freight forwarding market is expected to reach an estimated $133.7 billion by 2030.

Q2. What is the growth forecast for air freight forwarding market?

Answer: The global air freight forwarding market is expected to grow with a CAGR of 3.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the air freight forwarding market?

Answer: The major drivers for this market are rising demand for air cargo services, coupled with the globalization and liberalization of trade and increasing disposable income.

Q4. What are the major segments for air freight forwarding market?

Answer: The future of the air freight forwarding market looks promising with opportunities in the pharmaceutical, food & beverage, electronic, automotive, consumer goods markets.

Q5. Who are the key air freight forwarding market companies?

Answer: Some of the key air freight forwarding companies are as follows.

• Kuehne + Nagel
• DHL
• DB Schenker Logistics
• GEODIS
• Panalpina
• DSV
• Expeditors
• Nippon Express
• CEVA Logistics
• Pantos Logistics

Q6. Which air freight forwarding market segment will be the largest in future?

Answer: Lucintel forecasts that commercial is expected to witness the highest growth over the forecast period due to to greater demand for air transport of goods..

Q7. In air freight forwarding market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing trade among asia pacific nations and the global community.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the air freight forwarding market by type (full charter and split charter), business model (B2B and B2C), end use industry (pharmaceutical, food & beverage, electronic, automotive, consumer goods, and others), application (commercial, industrial, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?