Published on : Jul 17, 2017
Albany, New York, July 17, 2017: Air freight is rapidly becoming the most essential and important of all freight services. While it is impractical to carry vehicles or heavy machinery in most cases, air freight is rapidly becoming the go-to solution for companies in the developing fields of engineering and biotechnology. Recently, the latest study titled “Air Freight Top 5 Emerging Markets Industry Guide 2017” has been published to the online repository of Market Research Hub (MRH). This forecast study is an essential resource for top-line data and analysis covering the emerging five air freight market which are Brazil, China, India, Mexico and South Africa. For the readers, this study saves time by booming out entry-level research which identifies the size, growth, major segments and leading players operating in these regions.
In the initial section, the report starts by presenting the industry outlook which covers Air freight introduction, market overview, data and segmentation in the above-mentioned countries. Air freight is the preferred mode of transport for the new global economy’s high value-to-weight manufactured goods such as microelectronics, pharmaceuticals, aerospace components and medical devices. Airfreight is fast-moving, challenging and constantly changing. One of the major benefits is that this method of transport is also extremely reliable. Studies have shown that air freight arrives on time much often than traditional land and sea forms of freight, and is less likely to get lost in the system.
The research further adds that the given top 5 emerging countries contributed $2,961.6 million to the global air freight industry in 2016, with a CAGR of 5.6% between 2007 and 2011. Also, it is further anticipated to reach a value of $4,187.1 million with a CAGR of 7.2% over the 2016-21 period.
As per the key findings, within the air freight industry, India is the leading country among the top 5 emerging nations, with market revenues of $1,070.6 million in 2016, followed by Brazil and Mexico with a value of $988.7 and $473.7 million, respectively. It has been analyzed that the freight movement is an indicator of the growth or slowness of an economy. India's GDP grew by 7.6% during the year 2015-16, making the country the fastest growing major economy in the world, while China, which had a dream economic growth run in past few decades, grew 6.7%. Due to this, India is anticipated to lead the air freight industry in the top five emerging nations, with a value of $1,619.9 million in the year 2021.
Further, leading company profiles are also mentioned in report along with the details of player’s key strategies and their evolving five operations and financial performance. This report is prepared using Five Forces analysis to determine the competitive intensity and hence attractiveness of the emerging five air freight market. Through this report, the buyer will be able to understand what factors are affecting the strength of competition in the top 5 emerging market nations along with the knowledge of top competitors.
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