- 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: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
