Freight Forwarding Market: Industry Size to Witness Significant Growth by 2028

Evolve business intelligence, today has published a new market research report on “Freight Forwarding Market with COVID-19 impact, global and segmental analysis”. According to the report the global freight forwarding market size was valued at $XX Million in 2020 and is expected to reach $XX Million by 2028 growing at the CAGR of XX% from 2021 to 2028. This growth is attributed to several factors such as
• The rise in trade agreements between countries
• The growing demand for transport of perishables and life sciences/healthcare sector

For more information on the report: https://evolvebi.com/product/freight-forwarding-market-analysis-and-global-forecast-2020-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the freight forwarding market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the freight forwarding market report also includes the following data points:
• COVID19 Impact on freight forwarding market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in freight forwarding market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario had a moderate impact on the freight forwarding market with a halt in the global production sector. However, with the growing importance of trading to foster any country’s growth, there is a slight increase in global merchandise trade. This has significantly increased the sea freight forwarding market. With the popularity of multimodal transportation, the trade of containerized cargo is expected to rise at a significant pace during this period.”

Competitive Scenario
Some of the major Freight Forwarding players holding high market share include DHL Supply Chain, DB SCHENKER, Nippon Express Co., Ltd, and United Parcel Service of America, Inc. These players adopted partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The report's aim is to provide a holistic market overview based on Global Freight Forwarding Market By Mode Of Transport (Air Freight Forwarding, Sea Freight Forwarding), By Services (Freight Transport, Warehousing, Value-added Services, others).

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the freight forwarding market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• DHL Supply Chain
• DB SCHENKER
• Sinotrans India Private Limited.
• Kuehne + Nagel Inc.
• Expeditors International of Washington, Inc.
• DSV Panalpina A/S
• Nippon Express Co., Ltd.
• United Parcel Service of America, Inc
• Bolloré Logistics
• CEVA Logistics

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/freight-forwarding-market-analysis-and-global-forecast-2020-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade map, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the freight forwarding market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the freight forwarding market
• To provide an overview of the value chain analysis pertaining to the freight forwarding industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall freight forwarding market
• To analyze opportunities in the market by identifying high-growth segments of the Freight Forwarding market
• To profile key players in the freight forwarding market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global freight forwarding market

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This release was published on openPR.