Belgium Freight Forwarding Market:-“Acting as a major transshipment hub and European logistics corridor, Belgium foresees a significant impact of Brexit on its Freight forwarding industry”.
Analysts at Ken Research in their the 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 the adoption of advanced technologies, heavy investments in rail infrastructure, fast growth in belly capacities of aircraft and higher usage of sea freight post Brexit. Belgium Freight Forwarding Market is expected to grow at a CAGR of 6.4% during the period 2018-2025.
Strategic Location: Belgium shares land borders with Netherlands, Germany, France, and Luxembourg and acts as a significant Northern and Western European logistics corridor. It is home to international organizations like the EU and NATO. The E17 motorway acts as a backbone for connecting Antwerp, Ghent, and Wallonia. This corridor performed strongly during 2015-2018 with respect to logistics demand.
Focus on International Trade: Belgium freight forwarding market is highly dependent on international trade and hence highly susceptible to changes in foreign demand. 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.
Increasing Interest of Multinational Companies: Owing to Belgium’s strong positioning, an influx of major logistics players such as Rotra and Euro ports Group, competition became intense and logistics players started expanding their operations far and wide within Belgium. Currently, Antwerp hosts the world’s top 9 logistics players such as DHL, Panalpina, Yusen, CEVA, Nippon Express, and DB Schenker. This is to exploit Belgium’s potential as being the “heart of Europe” and dense network of road and sea connections to the rest of Europe.
Uncertain Political Climate: In 2016, Belgium witnessed terror attacks that disrupted economic activity, mainly hitting consumer spending. The process of Brexit started in 2016, which created uncertainty and confusion regarding the future of the Eurozone and the EU. This led to the low growth rate of revenue in that year for freight forwarding. Consumer confidence post the terror attacks fell but regained in the subsequent year and inflation rose from 1.97% to 2.13%. This led to a hike in commodity and transport prices.
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:-
Belgium Freight Forwarding Industry
Freight Forwarding Market Belgium
Freight Forwarding Industry Belgium
Belgium Logistics Market
Belgium Logistics Industry
Belgium International Freight Market Share
Belgium Domestic Freight Market Revenue
Trucking Companies in Belgium
Belgium Freight Forwarding Cost
Belgium Freight Forwarding Growth in USD Billion
Belgium GDP Growth from Freight Forwarding
Contract Logistics Revenue Belgium
Belgium Domestic Freight Companies Share
Pipeline Transport Market Belgium
Belgium Freight Services End User Demand
Belgium freight companies Revenue
Belgium Rail Freight Revenue Share
Belgium E-Commerce logistics Market Demand
Import and Export Shipment Cost Belgium
For more information, refer to below link:-
Belgium Freight Forwarding Market Outlook
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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