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Freight Forwarding Market Top Key Players - Deutsche Post DHL Group, Kuehne + Nagel International AG, DB Schenker, Expeditors International, DSV Panalpina A/S, C.H. Robinson Worldwide

07-22-2021 08:25 AM CET | Logistics & Transport

Press release from: Mobility Foresights

Freight Forwarding Market Top Key Players - Deutsche Post DHL

Freight forwarding refers to a service in which an agency plans and coordinates the shipping process of goods outside the country’s borders. This service is performed for the shippers. Other additional services that might be included in freight forwarding are commercial invoicing, distribution, warehousing, insurance and custom brokerage. They are also known as non-vessel operating common carriers.

In 2019, for the first time after a decade the market witnessed negative growth owing to less international trade. The trend continued in the year 2020 due to Covid pandemic and the trade restrictions in most parts of the world.

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FREIGHT FORWARDING DRIVERS

The main drivers of the global Freight Forwarding Market are listed below :

1. Growth of international trade and increase of trade agreements between more countries is contributing to growth.

2. The rise of the perishable goods market and the growing healthcare sector, especially during the Covid pandemic is expected to help in increasing the growth.

3. The increase in the number of small and medium enterprises can contribute to growth of this sector. Online booking platforms for these companies can seem convenient to these enterprises.

4. The demand for low cost shipping with rise in e-commerce services is also expected to boost demand.

5. The high demand for integrated services is also expected to help the market grow.
FREIGHT FORWARDING MARKET SEGMENTATION

By Mode Of Transportation
1. Air
2. Sea
3. Rail
4. Road

The air freight forwarding segment saw a fall in revenue in the year 2019 while the sea freight forwarding segment experienced lesser growth than the previous years. In 2020, further this trend was observed due to trade restrictions.

By Service
1. Freight transport
2. Warehousing
3. Documentation
4. Value added services (custom clearance, Packaging, etc.)

Among the above mentioned services, the highest cost that is incurred by the companies is on Value added services. Value added services are generally labour intensive.

By Region
1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East and Africa

Overall, North America is the most dominating market due to high consumer preference towards online buying.

By Application
1. Small and Medium sized enterprises
2. Large organization
3. Industrial and Manufacturing
4. Retail
5. Healthcare
6. Media & Entertainment
7. Military
8. Oil & Gas
9. Food & Beverages
10. Others (Agro Commodities, Government and Public Utilities, & Fertilizer, Jewelry, etc.)

By Logistics Model
1. First party logistics
2. Second Party Logistics
3. Third Party Logistics

By Customer Type
1. B2B
2. B2C

COMPETITIVE LANDSCAPE

There are many competitors in this market but the market power is concentrated with the top players.
Competitors should focus on making online booking hassle free since that is the more preferred mode for booking services.

Some of the players in the market are
• Deutsche Post DHL Group
• Kuehne + Nagel International AG
• DB Schenker
• Expeditors International
• DSV Panalpina A/S
• C.H. Robinson Worldwide

Kuehne + Nagel is the largest player in the sea freight segment.

Read More Information: https://mobilityforesights.com/product/freight-forwarding-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

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