According to the IMARC Group, Airfreight forwarding refers to a process in which a firm serves as an intermediary between the producer and the various transport providers to transport goods to the final delivery point. It involves warehousing, booking of cargo space, aggregation of freight, negotiating freight charges, monitoring inland transport, filing insurance claims, preparing shipping and export papers, packaging of goods, centralizing control loading, customs and security procedures. As a result, airfreight forwarding is used to deliver perishable and non-perishable items domestically and internationally.
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Expanding international trade activities are propelling the demand for airfreight forwarding to ease the supply chain process and enable companies to concentrate on their core business activities. Additionally, growing online sales of consumer goods and trendy apparel have led to the adoption of airfreight forwarding services across small and medium-sized enterprises (SMEs) to effectively handle cross-border e-commerce activities. Furthermore, several industry players provide tailored solutions to meet the transport needs of e-commerce firms. Moreover, the growing demand for automotive goods, medical equipment, agricultural products, and seafood is augmenting business-to-business (B2B) shipping, thereby bolstering the market growth.
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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 for growth at the global, regional and country-level from 2020-2025. Our report has categorized the market based on region, 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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- 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 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 and UPS Supply Chain Solutions.
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King Shaka International Airport's air cargo through Durban witnessed a 47 percent growth for the 2019 calendar year.
Following the increased capacity in Durban's airfreight market as British Airways operated three flights a week to London and Qatar Airways introducing a larger A350 on the Durban-Doha route, as well as Emirates introducing an additional four flights a week from mid-June to early August 2019 in response to the growing, passenger demand for travel during this period.https://www.logupdateafrica.com/durbans-king-shaka-airport-posts-47-growth-in-cargo-in-2019-aviation
