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Belgium Freight Forwarding Market is Expected to Cross USD 30 Billion by 2025: Ken Research
May 2020

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      • Partnership of Antwerp Port with a subsidiary of Abu Dhabi Ports to adopt blockchain is a significant change to port management. Soon, other Belgium ports are expected to introduce BlockChain Technology.
      • Rail infrastructure is being streamlined by reducing the number of rail logistics centers from 62 to 50 by 2022 and introducing two new tracks between Ghent and Bruges.
      • Air Freight Capacity is expected to increase by 3% till at least 2025 and is also likely to rise further till 2030.

Cost Reduction by Artificial Intelligence: Large players such as DHL Belgium are adopting revolutionary AI technologies, which can accurately forecast demand, costs, capacities and delays, and transit times. Efficiency will increase immensely leading to higher production as well as reduced costs from lower fuel consumption (about 5%) of self-driven vehicles.

Establishment of E-commerce Trade Hub by Alibaba: Alibaba Group Holdings to launch e-commerce trade hub in Belgium which will attract investments in logistics infrastructure, operations for which begin from 2021. This will boost cross border trade potential, especially with China.

Increase of Sea Freight Volumes due to Brexit: After Brexit, customs tariffs for goods flowing to Britain is expected to rise leading to an increase in freight costs, therefore, the cheapest mode of transport, i.e., sea freight will be used extensively for small and bulk loads.

Consistent Growth in International Trade: Trade with major international partners such as Asia, Europe, Africa are expected to increase after passing of the Comprehensive Economic and Trade Agreement (CETA) by EU and Canada in 2017, improving trade relations between Belgium and Morocco; however, the maximum demand is expected from Asian countries, especially China, Indonesia and Taiwan (due to a growing middle class-young population, which generates a huge demand for consumption) and limited demand from Eurozone, since it is grappling with a Euro crisis.

Analysts at Ken Research in their latest publication “Belgium Freight Forwarding Market Outlook to 2025 by Mode of Freight (Road, Sea, Air), by Cargo Volume (Sea Freight, Air Freight, Road Freight), by International Flow Corridors (Europe, Asia, NAFTA, Middle East, Africa and Others) and by Domestic and International Freight” believe that the Freight Forwarding market in Belgium is expected to grow due to adoption of advanced technologies, heavy investments in rail infrastructure, fast growth in belly capacities of aircraft and usage of modernized freight fleet by air and higher usage of sea freight post-Brexit. The Belgium Freight Forwarding Market is expected to grow at a CAGR of 6.4% during the period 2018-2025.

Key Segments Covered: -

Belgium Freight Forwarding Market

By Mode of Freight (Revenue, Freight Ton KMs, Major Products, Freight Cost)

Road Freight

Air Freight

Sea Freight

Rail Freight

Pipeline

By Cargo Volume

Road Freight Cargo Volume

Air Freight Cargo Volume by Airports

Sea Freight Cargo Volume by Seaports and type of maritime freight

By International Flow Corridors (Revenue, Major Countries, Major Products, Recent Developments)

Europe

Asia

NAFTA

Middle East

Africa

By Type of Freight (Revenue, Major Regions, Major Products)

International Freight

Domestic Freight

Companies Covered: -

Ziegler

Manuport Logistics

Essers

Kuehne Nagel

Cargo Partner

DHL

Yusen Logistics

UPS Logistics

CEVA Logistics

Dachser

Hamann International

GEFCO

Delta Transport Services

Transport Th. Wouters

LKW Walter

Dandoy

Man Trucks

DocX Rental

Quicargo

Key Target Audience

Freight Forwarding Companies

E Commerce Logistics Companies

3PL Companies

Consultancy Companies

Trucking Companies

Trucking Aggregator Companies

Time Period Captured in the Report: -

Historical Period – 2015-2018

Forecast Period – 2019-2025

Key Topics Covered in the Report: -

Contract Logistics Revenue Belgium

Belgium Domestic Freight Companies Share

Pipeline Transport Market Belgium

Belgium Rail Freight Revenue Share

Import and Export Cargo Cost Belgium

Belgium cold-storage space in SQM

International Freight Companies in Belgium

LKW Walter Belgium cargo transportation Charges

Container freight stations Niagara

Cargo Shipping Cost to Belgium

Road Freight Industry Belgium

Freight Transportation Cost Belgium

Belgium Freight Forwarding Industry

Freight Forwarding Industry Belgium

Logistics Infrastructure in Belgium

For more information, refer to below link: -

Belgium Freight Forwarding Market Outlook

Related Reports by Ken Research: -

Africa Freight Forwarding Market Outlook to 2023 – By Countries (South Africa, Kenya, Tanzania, Uganda, Nigeria, Namibia and Botswana), Mode of Freight (Road, Rail, Air, Sea and Pipeline), By End Users (Food and Beverages, FMCG, Industrial and others) and by Contract Logistics and Integrated Logistics

Indonesia Logistics and Warehousing Market Outlook To 2023 – Driven By Infrastructure Spending For Airport And Seaports Albeit By Poor Existing Road Network

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249