Seafreight Forwarding Market reach at $12.32 billion by 2032, Deutsche Post DHL Group, Kuehne + Nagel, DB Schenker, Sinotrans, C.H. Robinson Worldwide, CEVA Logistics, CJ Korea Express, Dachser, Dimerco, DSV, Expeditors International, Geodis, Hellmann Wor

Rising Cross Broder E-Commerce driving Sea Freight Forwarding Market will reach at $12.32 billion by 2032,

Kuehne + Nagel leading the Ocean Freight Forwarders in 2019

In 2019, Kuehne + Nagel was ranked the world's leading ocean freight forwarder, with over 4.8 million twenty-foot equivalent units of ocean freight. Today headquartered in Switzerland, Kuehne + Nagel was founded in 1890 in Bremen, Germany. At the present time, Kuehne + Nagel Group has offices in more than 100 countries and employs approximately around 82,000 people.

In the year 2019, the company generated roughly around 25.3 billion Swiss francs from its worldwide operations, and about 2.7 billion Swiss francs from its operations in Asia Pacific alone. Between the fiscal year of 2013 and 2019, the operational expenses of Kuehne + Nagel increased somewhat continuously, reaching 6.25 billion Swiss francs. The company was followed by Sinotrans and DHL in the leaders ranking worldwide.

The business volume of ocean freight forwarders has been steadily increasing because in the last three decades, the seaborne trade transport volume roughly tripled, reaching 11 billion metric tons in 2018. In 2017, 1.83 billion metric tons of international seaborne trade were transported by container ships. As of January 2019, Japan possessed the second largest merchant fleet by operator domicile globally.

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Competitive Landscape

The Sea Freight Forwarding Market is highly competitive and is highly fragmented with presence of many players. Sea Freight forwarder is an individual or company that acts as an intermediary and dispatches shipments via common sea carriers and makes all arrangements for those shipments on behalf of its clients. Sea Freight forwarders handle all the logistics needed and performs related activities pertaining to shipments. With the Ocean freight volumes tripling from 2008 to 2018, the market has seen many new players entering in the last few years. Some of the existing major players in the market include - Kuehne + Nagel, Sinotrans, DHL, DB Schenker, DSV Panalpina, Kerry Logistics, Expeditors International, C.H. Robinson, Hellmann, Bolloré Logistcs, Fr. Meyer's Sohn, Yusen Logistics/ NYK Logistics, Geodis, Ceva Logistics and Agility Logistics.

Some of the Major Key players profiled in the study are Deutsche Post DHL Group, Kuehne + Nagel, DB Schenker, Sinotrans, C.H. Robinson Worldwide, CEVA Logistics, CJ Korea Express, Dachser, Dimerco, DSV, Expeditors International, Geodis, Hellmann Worldwide Logistics, Hitachi Transport System, Kerry Logistics Network, Logwin, Nippon Express, NNR Global Logistics, Panalpina, Pantos Logistics, Pilot Freight Services, Bollore Logistics, Toll Holdings, UPS Supply Chain Solutions, Yusen Logistics

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Asia-Pacific region is expected to dominate the market over the forecast period owing to the increasing focus on the research, development, and manufacturing of Seafreight Forwarding in countries including China, Japan, India, and South Korea.

Report Objectives:

Studying the size of the Seafreight Forwarding market based on the value and volume.
Precisely evaluating the market shares and other important factors of Seafreight Forwarding market.
Analyzing the key dynamics of the Seafreight Forwarding market.
Discovering the important trends of the Seafreight Forwarding market on the basis of revenue, production, and sales.
Defining the profile of top players and their status on the global platform
Focusing on the market pricing, product manufacturing, growth drivers, and forecast trends.
Studying the performance and growth of different regions and countries in the Seafreight Forwarding market.
Estimating the market size and share of all segments, regions, and the market.
Furthermore, the report includes the Seafreight Forwarding market segments types. The product type and the application segments are extensively explained with the help of year wise numerical and growth rate. The data is represented in tabular and pictorial formats thus enabling clear understanding about the market scenario. Regional analysis includes data for regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Seafreight Forwarding Market Taxonomy

Seafreight Forwarding Segmentation by Type:

Packaging, Documentation, Transportation and Warehousing, VAS (Value-Added Services), Other.

Seafreight Forwarding Segmentation by Application:

Domestic, International

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Market Analysis and Insights Related to COVID-19

Due to the COVID-19 virus outbreak in December 2020, the pandemic has affected almost all the regions on the global platform in terms of human life and economy. The Seafreight Forwarding market has also been impacted due to COVID-19.
Based on the analysis by our research analysts: COVID-19 will affect the Seafreight Forwarding market economy in three ways. First, by directly affecting production and demand. Secondly, by creating supply chain and market disruption and lastly, by its financial impact on firms and financial markets.
How the Seafreight Forwarding Market Report will prove useful?

Data provided will help to analyze the future prospects of the Seafreight Forwarding market.
Segment analysis will help in identifying the untapped opportunities of the Seafreight Forwarding market.
It will help in identifying the current trends that are ruling the market and how technological advancements will prove useful for further market developments.

Why should you purchase this report?

Data Lab Forecast provides the vital historical and analysis data of global Seafreight Forwarding market.
The report provides the entire assessment of the future market and altering market scenario or behavior.
All the business decision could be backed through the several strategic business methodologies offered in the report.
An extra edge in the competitive market could be obtained from this elaborative research report
The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.
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