Freight Forwarding Market was valued at US$ 192.44 Bn. in 2023. Global Freight Forwarding Market size is expected to grow at a CAGR of 3.4 % through the forecast period.
Freight Forwarding Market Overview
The Freight Forwarding Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Freight Forwarding Market , as well as the causes for variances in the industry’s growth in various places
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Freight Forwarding Market Report Scope and Research Methodology
This study offers a thorough analysis of the Freight Forwarding Market with a particular emphasis on the key players' tactics, geographic locations, and market segments. In addition to offering insights on import/export consumption, supply and demand, price, cost, and gross margins, it analyses opportunities, challenges, drivers, and restraints at the regional and segment-specific levels. To guarantee accuracy, information from primary and secondary research methods such as questionnaires, phone interviews, and surveys was employed. To assess the benefits and drawbacks of the market, a SWOT analysis was done.
Segment-wise analysis of the market is divided into Freight Forwarding Market . Regional analysis of the Freight Forwarding Market conducted at local, regional and global levels. The report also provides information on the emerging regions that are expected to be major markets for the Freight Forwarding Market . The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Freight Forwarding Market . SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Freight Forwarding Market .
Freight Forwarding Market Dynamics:-
The E-commerce logistics market was valued at €441.47 Bn in 2021 and it is expected to grow at a CAGR of 11.65% through the forecast period. The total value of online retail sales increased by 27.6% to US$ 4.280 trillion in 2021. China led the way with 52.1 % of sales at $2,799 billion, followed by South Korea with 28.9 % and the United Kingdom with 28.3 percent, and the United States with 15.0 %.
Challenges in Freight Forwarding Market: The rise of nearshoring manufacturing operations throughout the world, which is expected to result in a lack of acceptance of trade activities, is expected to hinder the freight forwarding market's growth through the forecast period. However, the rise in reshoring and nearshoring manufacturing is expected to limit the freight forwarding market's growth. Despite the difficulties, the growing trend of international freight transportation will help to cushion the boom of the freight forwarding business through the next years.
Freight Forwarding Market Regional Insights
Regional analysis is conducted to assess the status of the Freight Forwarding Market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Freight Forwarding Market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
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Freight Forwarding Market Segmentation
by Mode of Transport
Air
Ocean
Rail
Road
by Application
Industrial and Manufacturing
Retail
Healthcare
Media and Entertainment
Military
Oil and Gas
Food and Beverages
Others
by Customer Type
B2B
B2C
by Service
Transportation and Warehousing
Packaging and Documentation
Insurance
Value-Added Services
Freight Forwarding Market Key Players
1. Agility
2. Bolloré Logistics
3. CEVA Logistics
4. Sinotrans India Private Limited
5. DB Schenker
6. DHL Global Forwarding
7. Imerco
8. Dachser
9. DSV Panalpina A/S
10. Expeditors International
11. Hellmann Worldwide Logistics
12. Kuehne + Nagel International AG
13. MGF (Manitoulin Global Forwarding)
14. Nippon Express Co.
15. UPS Supply Chain Solutions
Key questions answered in the Freight Forwarding Market are:
- What is Freight Forwarding Market ?
- What was the Freight Forwarding Market size?
- What is the growth rate of the Freight Forwarding Market ?
- Which are the factors expected to drive the Freight Forwarding Market growth?
- What are the different segments of the Freight Forwarding Market ?
- What growth strategies are the players considering to increase their presence in Freight Forwarding Market ?
- What are the upcoming industry applications and trends for the Freight Forwarding Market ?
- What segments are covered in the Freight Forwarding Market ?
- Who are the leading companies and what are their portfolios in Freight Forwarding Market ?
- What segments are covered in the Freight Forwarding Market ?
- Who are the key players in the Freight Forwarding Market ?
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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