Freight Forwarding Market to Witness Huge Growth by 2026: Key Players – Expeditors, Panalpina, Sinotrans

Latest business intelligence report released on Global Freight Forwarding Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Freight Forwarding market outlook.

List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
Kuehne + Nagel [Switzerland], DHL Group [Germany], DB Schenker Logistics [Germany], C.H.Robinson [United States], CEVA Logistics [United Kingdom], DACHSER (Germany), GEODIS [France], DSV [Denmark], Sinotrans Limited (China), Panalpina [Switzerland], Expeditors [United States], Nippon Express [Japan], Pantos Logistics [South Korea], Agility Logistics [Switzerland]

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Brief Overview on Freight Forwarding:
Freight transportation can be defined as all activities to move commodities. These activities include transportation by trucks, aircraft, ships, barges, railways, and related logistics activities such as handling and storage. According to the expertise, Ocean Freight Forwarding to witness high growth through the forecast period. the Ocean Freight Forwarding market size will reach USD 152145 million by 2025, from USD 99800 million in 2019. In 2019, the total mail volume delivered by the United States postal service alone was over 142.5 Billion units. The export value of U.S.-NAFTA air freight flows in 2019 amounted to almost 21.8 US Dollars. According to American trucking associations, Truck moved almost 11 Billion tons for freight in 2017. The booming e-commerce market and the growth in international trade volumes is a major driver for the freight forwarding market. New trade corridors between Asia and Africa, Asia, and South America and within Asia will re-chart global supply chains. Trade volumes will shift towards emerging markets and least developed countries will take their first steps into the global marketplace. Emerging markets provide outstanding opportunities for logistics service providers, both in terms of overall growth rates and in response to rapidly changing market trends. The impact of Covid-19 has amplified pre-existing troubles in freight forwarding. According to reserch, global freight forwarding market could contract by 7.5% in 2020 as a result of the crisis.

Key Market Trends:
Rising Demand For Integrated Service
Shift Towards Ocean Freight Industry from Air Freight Industry

Opportunities:
Rising Cross Border Trade Activities
Economic Growth in Emerging Countries

Market Growth Drivers:
High Demand for Cost Effective Shipping
Ability to Provide Quick Logistics Solution

Challenges:
Volatile Nature of Trade Activities
Regional Disputes among Neighboring Countries

Segmentation of the Global Freight Forwarding Market:
by Application (Industrial and Manufacturing, Retail, Healthcare, Media & Entertainment, Military, Oil & Gas, Food & Beverages, Others (Agro Commodities, Government and Public Utilities, & Fertilizer, Jewelry, etc.)), Services (Freight Transportation, Warehousing, Documentation, Packaging, Insurance, Others (Value Added Services Custom Clearance, Inventory Management etc.)), Type of Freight Forwarders (Consolidators, Multimodal transport operator, Customer Broker, Port Agent, Air Freight Agent, Loading Brokers, Others), Mode of Transportation (Road, Waterways, Rail, Air), Customer Type (B2C, B2B)

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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Furthermore, the years considered for the study are as follows:
Historical data – 2016-2020
The base year for estimation – 2020
Recent Estimated Year – 2021
Forecast period** – 2021 to 2027 [** unless otherwise stated]

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Summarized Extracts from TOC of Global Freight Forwarding Market Study
Chapter 1: Exclusive Summary of the Freight Forwarding market
Chapter 2: Objective of Study and Research Scope the Freight Forwarding market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source

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