Airfreight Forwarding Market Size, Trends, Growth Drivers, and Forecast Report 2025-2033

MARKET OVERVIEW

The global Airfreight Forwarding Market size reached 51.5 Million Tons in 2024. It is projected to grow to 70.6 Million Tons by 2033, with a CAGR of 3.4% during the forecast period 2025-2033. This growth is driven by increasing international trade, rising online sales of consumer electronics and fashion goods, and enhanced business-to-business shipping demand.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

AIRFREIGHT FORWARDING MARKET KEY TAKEAWAYS

• Current Market Size: 51.5 Million Tons in 2024
• CAGR: 3.4% during 2025-2033
• Forecast Period: 2025-2033
• Airfreight forwarding acts as an intermediary facilitating logistics activities including warehousing, freight consolidation, export documentation, and customs procedures.
• Expansion in international trade and e-commerce SMEs adoption increases airfreight forwarding demand.
• Automotive products, medical devices, agricultural products, and seafood shipments are driving B2B shipping growth.
• COVID-19 restrictions negatively impacted air freight logistics worldwide.
• Asia-Pacific is the dominant regional market currently.

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MARKET GROWTH FACTORS

The airfreight forwarding industry at the outset is mainly transporting perishables and non-perishables Moreover, a rise in electronics, automotive parts, retail products, jewelry, and healthcare goods is the main source of the airfreight forwarding services demand. Hardly any organizations or manufacturers can afford to not be involved in the integrated supply chain since the international trade is already pushing supply chains to be more efficient and allow organizations to concentrate on their core competencies. Consequently, the market size rose to 51.5 Million Tons in 2024 and is predicted to reach 70.6 Million Tons by 2033, which is 3.4% CAGR.

The rapid growth of internet sales of consumer electronics and fashion clothing has encouraged small and medium businesses (SMEs) to adopt airfreight forwarding services faster for effective management of their cross-border e-commerce. The logistics companies are providing customized solutions that are specifically designed for the e-commerce sector, which is one of the main factors contributing to this market's growth.

The B2B sector is thus witnessing a shift towards airfreight for the shipping of agricultural products, seafood, and medical devices through airfreight forwarding which in turn is causing market growth. On the other hand, it is reported that the air freight and logistics services have been severely hurt by the global travel bans and COVID-19related restrictions which has resulted in short-term challenges for the market.

MARKET SEGMENTATION

Breakup by Type:

• Full Charter: Dominates the market, facilitating entire aircraft bookings for cargo transportation, supporting high volume and specialized freight shipments.
• Split Charter: Involves shared cargo space bookings, optimizing cost for smaller freight loads and enhancing service flexibility.

Breakup by Service Type:

• Packaging and Labelling: Services involving careful packaging and labeling to ensure cargo safety and compliance during transit.
• Documentation and PO Management: Handling paperwork including shipping documents and purchase order monitoring essential for smooth customs clearance.
• Charter Services: Providing dedicated aircraft charter solutions tailored to specific client logistics requirements.
• Transportation and Warehousing: Logistics services covering ground transportation and storage facilities for cargo before and after air transit.
• Others: Additional related logistical services complementing the core airfreight forwarding offerings.

Breakup by End Use Industry:

• Retail and FMCG: Goods distributed rapidly including consumer products and fast-moving items.
• Manufacturing: Encompasses industrial goods transportation, currently holding the largest market share.
• Consumer Appliances: Transportation of household and electronic appliances.
• Healthcare: Delivery of medical supplies and pharmaceuticals.
• Others: Includes various other industries not specified distinctly.

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

REGIONAL INSIGHTS

Asia-Pacific currently dominates the global airfreight forwarding market. The region exhibits the highest market share driven by rising international trade activities and the presence of major manufacturing and export hubs. Key countries in this region include China, Japan, India, South Korea, Australia, and Indonesia. This dominance underlines the region's critical role in global supply chain logistics and forwarding services.

KEY PLAYERS

• 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
• UPS Supply Chain Solutions

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