Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at par impact on the airfreight forwarding market.
Frequently Asked Questions:
- Based on segmentation by end-user, which is the leading segment in the market?
Manufacturing industry segment led the airfreight forwarding market share during the forecast period.
- What is the major driver influencing the market positively?
The increasing US agricultural export to China will influence the market positively during the next few years.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 4%.
- What is the key market challenge?
The growing global rail logistics market may impede the market growth.
- How big is the APAC market?
63% of the growth will originate from APAC.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. A.P. Moller – Maersk AS, C.H. Robinson Worldwide Inc., CEVA Logistics AG, Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, United Parcel Service Inc., and XPO Logistics Inc. are some of the major market participants. Although the growing e-commerce sector, rising free-trade agreements in Europe, and increasing US agricultural export to China will offer immense growth opportunities, the growing global rail logistics market is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this airfreight forwarding market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Airfreight Forwarding Market 2021-2025: Segmentation
Airfreight Forwarding Market is segmented as below:
- Manufacturing Industry
- Retail Industry
- Other Industries
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40405
Airfreight Forwarding Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The airfreight forwarding market report covers the following areas:
- Airfreight Forwarding Market Size
- Airfreight Forwarding Market Trends
- Airfreight Forwarding Market Industry Analysis
This study identifies the continuous growth of e-commerce as one of the prime reasons driving the airfreight forwarding market growth during the next few…