Freight Forwarding Market -growing with a CAGR of 5.1%, Size, Share, Company Revenue Share, Key Driver, Highest Revenue Growth, Industry Trends

On behalf of shippers, freight forwarding is the planning and coordination of the transportation of goods across international borders.

The Global Freight Forwarding Market was valued at USD 180.4 billion in 2021 and is anticipated to grow to USD 251.1 billion by 2030, recording a CAGR of 5.1% over the forecast period. The growth of the freight forwarding market is expected to be fueled by the increased import and export of products and services between nations as a result of trade agreements. In addition to this, an increase in the amount of international trade carried by air freight and ocean freight is estimated to spur market growth during the projected period.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Retail/freight-forwarding-market/25799

A business called freight forwarding manages shipments for people and companies to get goods from a manufacturer to a customer or final point of distribution. Freight forwarders are specialized in reducing shipping costs and simplifying logistics. In other terms, a freight forwarder coordinates the movement of goods from one place to another. These companies are experts at coordinating the entire procedure for shippers. They are able to offer a reliable and affordable network of cargo transportation due to freight forwarders.

𝐎𝐜𝐞𝐚𝐧 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐟𝐨𝐫 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐀𝐬 𝐔𝐬𝐚𝐠𝐞 𝐨𝐟 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬

On the basis of the component segment, the global freight forwarding market is segmented into air, ocean, road & rail. The ocean segment accounted for the largest market share in 2021 owing to increased internet usage, rising purchasing power parity, infrastructure improvements (new technology ports, containers, and ships), and services designed mainly for the e-commerce business.

Sea freight forwarding is used by a variety of end-use sectors, and growth in this sector is aided by various strategic collaborations employed by market participants over the forecasted period. Additionally, the growing LCL volume is also being driven by the expanding global cross-border e-commerce industry, which is positively influencing the growth of the ocean freight forwarding segment.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐆𝐫𝐨𝐰 𝐓𝐡𝐞𝐢𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬

The competitive landscape of the freight forwarding market is fragmented, with a mix of international, regional, and local businesses. Companies in the freight forwarding industry must embrace technology, become more digitized, and expand the scope and efficiency of their operations since the market is expanding gradually and there are several opportunities. For businesses, having a robust global network is crucial. The ASEAN logistics business is attracting more and more interest from international investors for mergers and acquisitions.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Retail/freight-forwarding-market/25799

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐫𝐞𝐢𝐠𝐡𝐭 𝐅𝐨𝐫𝐰𝐚𝐫𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:
-C.H. Robinson Worldwide
-CJ Korea Express
-DACHSER
-Dimerco
-DSV Panalpina A/S
-DB Schenker
-Expeditors International
-GEODIS
-Hellmann Worldwide Logistics
-Deutsche Post DHL Group
-Kuehne + Nagel

𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐢𝐧 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡

The global market for freight forwarding is being driven by the increasing demand for affordable shipping as well as the ability to comprehend consumer wants and provide logistical solutions quickly. Trends such as the rising need for integrated services help the global market growth.

The conventional transportation of cargo from point A to point B is just one of the many integrated services that freight forwarders often provide to their customers. These services also encompass a wide range of other services. In addition to this, the growth of the industry is aided by a rise in bilateral trade agreements.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

● A legally binding agreement was signed by Kuehne + Nagel and Apex International Corporation (Apex), one of Asia's top freight forwarders, in February 2021 in order to acquire Apex.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Retail/freight-forwarding-market/25799

𝐓𝐡𝐞 𝐅𝐫𝐞𝐢𝐠𝐡𝐭 𝐅𝐨𝐫𝐰𝐚𝐫𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐁𝐚𝐬𝐞𝐝 𝐎𝐧:

𝐁𝐲 𝐌𝐞𝐝𝐢𝐮𝐦
-Air
-Ocean
-Road
-Rail

𝐁𝐲 𝐒𝐞𝐫𝐯𝐢𝐜𝐞
-Transportation
-Warehousing
-Documentation
-Packaging
-Insurance
-Others

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
-North America- U.S., Mexico, Canada
-Europe- UK, France, Germany, Italy
-Asia-Pacific- China, Japan, India
-Latin America- Brazil, Argentina, Colombia
-The Middle East and Africa- United Arab Emirates, Saudi Arabia

𝐄𝐮𝐫𝐨𝐩𝐞 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐃𝐮𝐞 𝐭𝐨 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐠𝐢𝐨𝐧

Europe is anticipated to dominate the revenue share of the global freight forwarding market due to the presence of significant key players and technological improvements. The region's freight forwarding market is expected to experience growth over the course of the forecast period due to a number of key factors, including growing industrialization, an increase in the number of rising nations, and the acceptance of online e-commerce portals.
However, Asia Pacific is predicted to grow at the quickest rate over the projected period due to expanding logistics in ASEAN nations and the existence of large economies such as China and India. The region's robust government support for the logistics industry is another factor in the expansion of the business. With expanding consumer demand for essentials such as pharmaceuticals, China is both the region's and the world's largest manufacturer.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Freight Forwarding Market
Chapter 5. Global Freight Forwarding Market Overview, By Medium, 2017 - 2030(USD Million)
Chapter 6. Global Freight Forwarding Market Overview, By Service, 2017 - 2030(USD Million)
Chapter 7. Global Freight Forwarding Market Overview, By Geography, 2017 - 2030(USD Million)
Chapter 8. North America Freight Forwarding Market Overview, By Countries, 2017 - 2030(USD Million)
Chapter 9. Europe Freight Forwarding Market Overview, By Countries, 2017 - 2030(USD Million)
Chapter 10. Asia Pacific Freight Forwarding Market Overview, By Countries, 2017 - 2030 (USD Million)
Chapter 11. Middle East & Africa Freight Forwarding Market Overview, By Countries, 2017 - 2030 (USD Million)
....Continued

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
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