Freight Forwarding Market Growth Set to Surge Significantly during 2022 - 2028 | Bollor© Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker

Freight forwarding is the management and forwarding of shipments from origin to the final destination. A variety of modes of transportation can be utilized by a carrier to transfer these shipments, such as air, rail, road, and sea. High demand for low-cost shipping and growing global cross-border shipments are propelling the growth of the freight forwarding market.

Growth in international trade volumes coupled with the rising number of trade agreements, especially in the emerging economies is a key factor driving the freight forwarding market growth. Additionally, the booming e-commerce sector and other integrated services offered by freight forwarders such as packaging, insurance, documentation, and others also influence the growth of the freight forwarding market. Further, the increasing trend of intermodal freight transportation will further boost the freight forwarding market growth in the near future.

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Companies Profiled in this report includes:  Bollor© Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker, DHL International GmbH, DSV Panalpina A/S, Expeditors International of Washington, Inc.,  Kuehne + Nagel International AG, Nippon Express Co., Ltd., United Parcel Service of America, Inc.

MARKET SEGMENTATION

The global freight forwarding market is segmented on the basis of service, mode of transportation, business function, end-user. On the basis of service the market is segmented as packaging, documentation, transportation and warehousing, VAS (value-added services). On the basis of mode of transportation the market is segmented as air, sea, road, rail. On the basis of business function the market is segmented as B2C, B2B. On the basis of end-user the market is segmented as manufacturing, retail and FMCG, healthcare, consumer appliances, textile, others.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Freight forwarding market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The freight forwarding market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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