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

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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

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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

Belgium Freight Forwarding Market Outlook to 2025: Ken Research

Buy Now

The report titled “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” provides a comprehensive analysis of the Freight Forwarding market in Belgium. The report covers the overall size and future outlook of Belgium Freight Forwarding in terms of value, segmentation on the basis of service mix, by geography, and in terms of volume. The report also covers the competitive landscape and company profiles of major freight forwarding, trucking, and trucking aggregator companies. The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and challenges.

Belgium Logistics Market Overview and Size

Belgium’s freight forwarding industry is highly dependent on international trade hence susceptible to changes in foreign demand. Belgium shares land borders with Netherlands, Germany, France, and Luxembourg and acts as a significant Northern and Western European logistics corridor and a major transshipment hub to the whole of Europe.

Belgium Freight Forwarding Market Segmentation

By Mode of Freight

The highest share by revenue in Belgium was captured by road transport. The road paves the way to access the important markets within the country (ten outer and inner ring roads link various regions) and to consumers from nations bordering the country. The share of sea freight fluctuated over the years, owing to fluctuating oil prices. The shipping industry in Belgium is negatively impacted by the over-concentration of players, thereby leading to surplus capacity and lower overall revenues. Airfreight witnessed the highest growth in revenue amongst all the modes, owing to it having the highest freight cost.

By Cargo Volume

The Port of Antwerp catered to about 72% of the total maritime volume of Belgium in 2018. The declining freight share of Zeebrugge Port has been distributed between rising shares of Antwerp and Ghent Port. Pharmaceuticals are one of the majorly transported products of Belgium; therefore, Brussels Zaventem Airport captures a major share in volume, since Brussels Airport is the preferred European Pharma gateway. Brussels Airport's cargo community specializes in the handling of time and temperature-sensitive goods. In 2016, the volume of cargo transported by road significantly fell and then rose again in 2017. This is because, in 2016, the number of road cargo-related crimes was higher than in other years, especially frauds and thefts. Owing to the mishaps in 2016, carriers started using warning systems that can identify fictitious receivers or rogue entities targeting high value or theft attractive items.

By International Flow Corridors

Europe and Asia is the major trade partner of Belgium. Major freight destinations within Europe include the Netherlands, Germany, France, Ireland, and the United Kingdom whereas major partner countries in Asia include China, Japan, India, and Turkey. Belgium had a trade surplus of about EUR 16.1 billion in 2018. The district of Flanders accounted for the largest share for generating exports to the UK. About 4,000 containers depart from Zeebrugge daily to the UK and scores of customs officials are hired at ports for the same. A no-deal Brexit would, therefore, lead to massive losses in the logistics industry of the country.

By Type of Freight

Major domestic freight is transported via road and inland waterways. Majority international cargo is bulk and heavy cargo such as petrochemicals, diamonds, automobiles, chocolates and carpets traded with countries such as Netherland, Germany, France, and USA.

Competitive Scenario

Belgium currently houses over 200 freight forwarding companies, leading to fierce competition. Post the enlargement of the EU; Belgium freight forwarders have witnessed higher pressure of competition from Central and Eastern Europe. This along with the advent of e-commerce paints the competitive landscape of the country. In order to protect themselves from the regional competition, firms are isolating multinational strategies and trying to achieve economies of scale and optimal production within specific regions. Outsourcing is also being increasingly done to achieve cost and production efficiency. Trucking companies have now begun aggregating and consolidating trucking activities, or began to specialize themselves in particular types (for example tank trucks) or in specific regions (primarily, Benelux).

Future Outlook and Projections

Belgium Freight Forwarding Market is expected to register a high CAGR during 2018-2025. This is mainly due to the adoption of advanced technology such as blockchain by Antwerp Port, EUR 3 billion investments by Belgian Railways Board, which includes reducing the number of rail logistics centers from 62 to 50 by 2022 and introducing two new tracks between Ghent and Bruges. Airfreight capacity is expected to increase by 3% till at least 2025 and is also likely to rise further till 2030.

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:-

Logistics Infrastructure in Belgium

Belgium Freight Forwarding Market Overview

Belgium Freight Forwarding Market Size

Belgium Freight Forwarding Market Segmentation

Competitive Scenario in Belgium Freight Forwarding Market

Company Profiles of Major Freight Forwarders in Belgium

Company Profiles of Major Trucking Companies in Belgium

Company Profiles of Major Trucking Aggregators in Belgium

Top Reasons to Invest in Belgium

Snapshot on Postal Market

Trends and Developments

Issues and Challenges

SWOT Analysis

Belgium Freight Forwarding Market Future Outlook and Projections

Reform of Taxation and Impact of Brexit

Analyst Recommendations

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

Philippines Logistics and Warehousing Market Outlook To 2023 – By Freight Forwarding, Warehousing, Express Logistics, E-commerce Logistics, Third Party Logistics, Balikbayan Box Segment

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