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Growth in Belgium Freight Forwarding Market Driven by High Volume of International Trade, Presence of International Players and Innovation in Technology: Ken Research
November 2019

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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

H. 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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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

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com

+91-9015378249