Research and Markets has announced the addition of the "Global Airfreight Forwarding Market 2017-2021" report to their offering.

The global airfreight forwarding market to grow at a CAGR of 3.49% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global airfreight forwarding market for 2017-2021. To calculate the market size, the report considers the volume of air cargo transported by vendors in the market. The report also includes a discussion of the key vendors operating in this market.

Airfreight forwarding represents 1% of global trade by volume and 35% by value of global goods distribution network. The airfreight forwarding industry has major customers distributed across many verticals. Major customers include the manufacturing industries such as industrial and automation components, fast moving consumer goods (FMCG) and retail, and healthcare, pharmaceuticals, and chemicals. Increasingly, these forwarders are providing integrated solutions involving customs clearance, warehousing, and distribution, as well as source consolidation and destination deconsolidation.

According to the report, one of the major drivers for this market is increase in trade agreements among nations. The resurgence of the global economy has resulted in the increased trade volumes between countries. The increasing imports and exports between nations have lowered the trade barriers because of the relaxation of government trade policies. Favorable government trade policies have resulted in an increased demand for freight forwarding services to keep pace with the increased freight transportation needs of importers and exporters. This provides an immense opportunity for the existing vendors to expand their base globally.

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Key vendors

  • Deutsche Post DHL Group
  • Kuehne + Nagel
  • DB Schenker
  • NIPPON EXPRESS
  • UPS Supply Chain Solutions
  • DSV
  • Sinotrans
  • Expeditors

Other prominent vendors

  • C.H. Robinson
  • CEVA Logistics
  • CJ Korea Express
  • DACHSER
  • Dimerco
  • GEODIS
  • Hellmann Worldwide Logistics
  • Hitachi Transport
  • Kerry Logistics
  • Logwin
  • NNR Global Logistics
  • Panalpina
  • Pantos Logistics
  • Pilot Freight Services
  • Bolloré Logistics
  • Toll Holdings
  • Yusen Logistics

For more information about this report visit http://www.researchandmarkets.com/research/rxdrpq/global_airfreight