Press release
Freight Forwarding Market is expected to grow at CAGR of 4.6% during the forecast period, 2021 – 2026.
Freight Forwarding Market
Freight forwarding services comprise consolidation, storage, handling, packaging, distribution, ancillary, and advisory services. In addition, freight forwarding service providers liaise with customs for proper documentation and identify the best, cheapest, and quickest routes. Reducing air and sea freight rates due to falling oil rates, development of the e-commerce industry and increasing prevalence of cloud-based operations that simplify supply chain management are some of the prime drivers fostering the growth of the freight forwarding market.
According to the World Trade Organization (WTO), the global growth rate for world trade was estimated to be 4.4% in 2018, registering a marked increase of over 3.6% in 2017. This represents a positive outlook for the global freight forwarding market in the near future. Stronger growth in 2018 is attributed to the resurgence of Asian trade flow as intra-regional shipments picked up and import demand in North America recovered after stalling in 2016.
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The Major Manufacturers Covered in this Report:
Ceva Logistics, Damco International, DB Schenker Logistics, DHL Supply Chain & Global Forwarding, DSV Air & Sea, Expeditors International of Washington, Hellmann Worldwide Logistics, Kerry Logistics, Kuehne+Nagel Inc., LF Logistics, Logwin Logistics, Nippon Express, Orient Overseas Container Line Limited, Panalpina Inc., Pantos Logistics, SDV/Bollore Group, Sinotrans Limited, UPS Supply Chain Solutions, UTI Worldwide, and Yusen Logistics. and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Route
Air
Sea
Road
Intermodal
By End User
Automotive
Industrial and Aerospace
Consumer and Retail
Healthcare
Others
By Region
North America
Europe
Asia Pacific
LAMEA
Why Buy This Report?
The core premise of forwarding is the process of buying space and securing volumes, ensuring the safe arrival of goods at said destination, and building long-lasting customer relationships. Increasing global trade with growth of emerging economies and development of new trade routes are expected to further provide impetus for market growth in the future.
Our report covers insights on the freight forwarding market, focusing on recent developments across regions and development strategies of companies. The following sections are specifically covered in the report,
Competitor Analysis
Market Concentration of Top Five Players
Potential Ventures
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Freight Forwarding Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Freight Forwarding Market sub-markets, depending on key regions (various vital states).
To analyze the Global Freight Forwarding Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Freight Forwarding Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Freight Forwarding Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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