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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