Global Freight Forwarding Market was valued at USD 7.80 billion in 2021 and is expected to reach USD 13.50 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022-2029.
The market report titled Freight Forwarding Market has company analysis, history, and future overview, global sales trends by 2029. It will be one of the most comprehensive and important additions for growth of the business through market research studies. The report comprises of all the market shares and approaches of key players in market. It also includes the detailed profiles for the Freight Forwarding market’s major manufacturers and importers who are influencing the market. Competitive landscape analysis is performed based on the prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, applications in global Freight Forwarding Market considering the past, present and future state of the industry.
This market document offers detailed research and analysis of key aspects of the global Freight Forwarding Market. The market analysts authoring this industry analysis report has provided profound information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global market. The report highlights CAGR value fluctuations during the forecast period of 2021-2029 for the market. Market participants can use the analysis of market dynamics to plan effective growth strategies and prepare for future challenges beforehand. A range of key factors are analysed in the report, which will help buyer in studying the Freight Forwarding industry.
Freight Forwarding Market Scope and Market Size
The freight forwarding market is segmented on the basis of service type, mode of transportation, logistics model, customer type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
· Freight Transportation
· Warehousing
· Documentation
· Packaging
· Insurance
· Others
· Value Added Services
· Custom Clearance
· Inventory Management
Mode of Transportation
· Road
· Waterways
· Rail
· Air
Logistics Model
· First Party Logistics
· Second Party Logistics
· Third Party Logistics
Customer Type
· B2C
· B2B
Application
· Industrial and Manufacturing
· Retail
· Healthcare
· Media and Entertainment
· Military
· Oil and Gas
· Food and Beverages
· Others
· Agro Commodities
· Government And Public Utilities
· Fertilizer
· Jewelry
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Market Analysis and Insights - Freight Forwarding Market
Ø Freight forwarding has been highly influential in the supply and chain sector, such as supplying cargo insurance, warehouse planning, and others. Air and ocean freight forwarding companies are increasing their cargo volume to cater the growing demand of their consumers.
Ø The global freight forwarding market was estimated to be worth USD 7.80 billion in 2021 and is anticipated to increase to USD 13.50 billion by 2029, growing at a CAGR of 7.10% from 2022 to 2029. Waterways is anticipated to have rapid expansion in the market's mode of transportation due to e-commerce industry advances in infrastructure and services. The market report created by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis in addition to market insights like market value, growth rate, market segments, geographical coverage, market players, and market scenario.
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Freight Forwarding Market Country Level Analysis
The countries covered in the freight forwarding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Key Players- Freight Forwarding Market
The freight forwarding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to freight forwarding market.
Some of the major players operating in the freight forwarding market are
· Agility (Kuwait)
· DHL International GmbH. (Germany)
· DSV (Denmark)
· Expeditors International of Washington, Inc. (US)
· CEVA Logistics (UK)
· DB Schenker (Germany)
· Kuehne + Nagel (Switzerland)
· Bolloré Logistics (France)
· PANALPINA WORLD TRANSPORT (HOLDING) LTD. (Switzerland)
· Sinotrans India Private Limited (India)
· CMA CGM (France)
· C.H. Robinson Worldwide, Inc. (US)
· Nippon Express (Japan)
· Dachser (Germany)
· DIMERCO (India)
· CJ Logistics Corporation (South Korea)
· Hellmann Worldwide Logistics (Germany)
· GEODIS. (France)
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