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Global Freight Forwarding Market Study Analysis: The Freight Forwarding Market Is Likely To Grow At A CAGR Of 3.63%
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Global Freight Forwarding Drivers And Restrain:
The major factors that increase the growth of the market are the high demand for low-cost shipping, the ability to identify customers' needs and respond quickly with logistics solutions. The freight forwarders provide the customers with a wide range of integrated services that not only include the usual transport of cargo but also host other services. Furthermore, the increase in the trade agreement between various nations is helping the market to grow.
The major factor restraining the market include the rising reshoring and nearshoring manufacturing. Furthermore, the economic slowdown and the outbreak of the covid virus has also impacted the growth of the market
Covid-19 Scenario:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window
Global Freight Forwarding Market Segments:
The global Freight Forwarding market is further segmented into the mode of transport, services, and geography.
By Mode of Transport: Air Freight Forwarding, Sea Freight Forwarding
By Services: Freight Transport, Warehousing, Value-added Services, others
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa and South America)
The Asia-Pacific market is expected to grow despite the lockdown due to the rising logistics in ASEAN countries and the presence of major economies. Apart from these, the high government support for the logistics sector in the region is also a factor boosting the industry growth.
Key Players of Global Freight Forwarding Market:
• 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
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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Freight Forwarding Market
• Value Chain Analysis of Global Freight Forwarding Market
• What is the CAGR of the global Freight Forwarding Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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Evolve Business Intelligence is a market research, business intelligence, and advising service that offers creative solutions to a company's problems. Data beneficial to micro, small, medium, and large-scale businesses can be found in our market research studies. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.
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