Global Freight Forwarding Market, By Service Type (Freight Transportation, Warehousing, Documentation, Packaging, Insurance, Others), 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The freight forwarding market is expected to witness market growth at a rate of 6.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on freight forwarding market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Freight forwarding is a business that establishes shipments for personal or corporations to get goods from the manufacturer to a customer or a final point of distribution. Freight forwarders customize in reducing expenses and aiding the logistics of transportation.
Primary reasons that propel the growth of the freight forwarding market are the huge need for less expensive shipping, capability to recognize the consumers’ demands, and reply rapidly with logistics services. Furthermore, increase in the trade agreements between nations also aid in the rising in the growth of the freight forwarding market. Also, swift growth and growing of acceptance of e-commerce, growing of the incidences of inter-country trade and the rising need for low-cost trade solution from several users are projected to boost the growth of the freight forwarding market growth. However, the growing of incidences of nearshoring manufacturing actions around the world which in turn is to conclude in the absence of acceptance of trade activities is projected to most likely hamper the growth of the freight forwarding market in the forecast period. Yet, the rise in reshoring and nearshoring manufacturing is most likely to hinder the growth of the freight forwarding market. Regardless of the challenges, the growing trend of intermodal freight transportation will further cushion the growth of the freight forwarding market growth in the coming years. Recently, the technological developments in freight forwarding solutions have formed enormous effectiveness around the world. Nevertheless, these technological developments in freight forwarding are expected to form advantageous opportunities for the growth of the freight forwarding market.
This freight forwarding market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on freight forwarding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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 among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the service type, the freight forwarding market is segmented into freight transportation, warehousing, documentation, packaging, insurance, others. Others is further sub segmented into value added services, custom clearance, inventory management.
- Based on the mode of transportation, the freight forwarding market is segmented into road, waterways, rail, air.
- Based on the logistics model, the freight forwarding market is segmented into first party logistics, second party logistics, third party logistics.
- Based on the customer type, the freight forwarding market is segmented into B2C, B2B.
- Based on the application, the freight forwarding market is segmented into industrial and manufacturing, retail, healthcare, media and entertainment, military, oil and gas, food and beverages, others. Others is further sub segmented into agro commodities, government and public utilities, and fertilizer, jewelry.
Freight Forwarding Market Country Level Analysis
The freight forwarding market is analysed and market size, volume information is provided by country, service type, mode of transportation, logistics model, customer type and application as referenced above.
The countries covered in the freight forwarding market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the freight forwarding market because of the increasing customer choosing to purchase online. Asia-Pacific is projected to observe significant growth in the freight forwarding market because of the growing of industrialization, increasing number of developing countries, and acceptance of online e-commerce portals are to be few of the main factors that are expected to form advantageous opportunities for the growth of the freight forwarding market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Freight Forwarding Market Share Analysis
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, regional presence, 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.
The major players covered in the freight forwarding market report are Agility; DHL International GmbH.; DSV; Expeditors International of Washington, Inc.; CEVA Logistics; DB Schenker; Kuehne + Nagel; Bolloré Logistics; PANALPINA WORLD TRANSPORT (HOLDING) LTD.; Sinotrans India Private Limited; CMA CGM; C.H. Robinson Worldwide, Inc.; Nippon Express; Dachser; DIMERCO; CJ Logistics Corporation; Hellmann Worldwide Logistics and GEODIS.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Freight Forwarding Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.