The world’s largest airfreight forwarders lost airfreight marketshare on their smaller rivals last year, but the top-ten players remained unchanged.
Figures from analyst WorldACD show that the world’s top-20 forwarders saw their airfreight marketshare, based on dollar revenues, decline from 44.5% to 43%, while volume share was down from 43% to 42%.
The analyst said that smaller players had outgrown their larger rivals in all areas of the world.
“In North America, the balance between the two groups was more or less maintained, but this elite group realised a lower growth, and thus lost share, in all other areas.
“WorldACD noted the largest difference in Europe (+1% vs +7%) and Latin America (-7% vs. -2%). The share of the Top-20 was largest in Europe (53%) and North America (49%), and smallest in Africa (12%) and Middle East and South Asia (21%).”
The analyst said performance between the various players in each group varied significantly.
In the top-10, volume growth ranged from -10% to +7% and among numbers 11-20 the numbers varied between -10% and +11%.
Overall, the top-100 forwarders saw growth of 0.9%, and forwarders outside the top-100, accounting for 43% of total business, achieved average growth of 3.8%.
Meanwhile, the top-ten forwarders stayed largely the same as in 2014 in both composition and ranking.
“Behind DHL Global Forwarding, the largest forwarders are Kuehne + Nagel, DB Schenker, Expeditors and Panalpina. K+N, Expeditors, Nippon Express, CEVA and DHL Express achieved growth exceeding the worldwide average of 2%, whilst DHL Global Forwarding, DB Schenker, Panalpina, UPS SCS and Kintetsu lagged behind,” WorldACD said.
