Freight Forwarding Market to reach USD 235.19 Bn in 2029 at a CAGR of 3.4 percent through the forecast period

Pune, 27, March, 2023: Over the forecast period, Maximize market research expects, the market was valued at USD 180 Bn in 2021 and reach USD 235.19 Bn by 2029 at a CAGR of 3.4 percent. The report analyzed by Maximize Market Research, on the "Freight Forwarding Market", covers an extensive regional analysis and competitive Landscape.

Freight Forwarding Market Scope and Research Methodology:

The market intelligence report on Freight Forwarding Market provides valuable information on the market drivers, challenges, restraints, market penetration, and opportunities prevailing in the market. The detailed analysis of prospects helps stakeholders and investors formulate investment and production decisions. The report used both quantitative and qualitative methods for the analysis of the industry. The market size and estimations along with the growth rate are covered in the report. The bottom-up approach was used for market estimations which were validated by various segments.

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Key market players and new entrants are compiled to draw a comprehensive competitive analysis. The compilation is carried out based on the revenue generated, financial health, marketing tactics, technological advancements, mergers and acquisitions, and joint alliances. Key players are concentrated in developed regions for which regional partnership and distribution agreements are in place. A thorough analysis of such agreements is also carried out to give new entrants to the market an overview of the freight forwarding market.

Research tools such as SWOT, PESTLE, and Porter's Five Force analysis were used to understand the underlying factors affecting the. These gave an understanding of the micro and macro-economic factors that have had an impact on the growth of the Freight Forwarding Market.

Freight Forwarding Market Dynamics :

The growth of the freight forwarding market is expected to be fuelled by the increased import and export of products and services between nations as a result of trade agreements. An increase in the amount of international trade carried by air freight and ocean freight is expected to spur market growth during the forecast period. The capacity to quickly understand customer needs and deliver logistical solutions, as well as the increasing demand for economical transportation, is what is driving the global market for freight forwarding. The expansion of the global freight forwarding market is assisted by trends including the growing need for integrated services.

Freight Forwarding Market Regional Insights:

North America is dominating the freight forwarding market with a 32 percent share in 2021. And the United states represent 88 percent of export and 87 percent of import. North America dominates the market because of the strong economy of the US. Asia Pacific is the fastest-growing area in the freight and logistics market. This is due to the growing logistics in ASEAN countries.

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Europe is expected 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 throughout the forecast period due to several 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 expected to grow at a fastrate 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.

Freight Forwarding Market Segmentation:

By Mode of Transport
Air
Ocean
Rail
Road

By Application
Industrial and Manufacturing
Retail
Healthcare
Media and Entertainment
Military
Oil and Gas
Food and Beverages
Others

By Customer Type
B2B
B2C

By Service
Transportation and Warehousing
Packaging and Documentation
Insurance
Value-Added Services

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Freight Forwarding Market Key Players include:

Agility
Bolloré Logistics
CEVA Logistics
Sinotrans India Private Limited
DB Schenker
DHL Global Forwarding
Imerco
Dachser
DSV Panalpina A/S
Expeditors International
Hellmann Worldwide Logistics
Kuehne + Nagel International AG
MGF (Manitoulin Global Forwarding)
Nippon Express Co.
UPS Supply Chain Solution

Table of content for the Freight Forwarding Market includes:

Freight Forwarding Market : Research Methodology
Freight Forwarding Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Freight Forwarding Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Freight Forwarding Market Segmentation
Global Market, by Mode of Transport(2021-2029)
Global Market, by Customer Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Service(2021-2029)

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Regional Freight Forwarding Market (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Grade (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type, mode of trasport, Application and service
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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