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2023 Freight Forwarding Market: Size, Industry Growth, Business Opportunities, Sales Revenue And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Freight Forwarding Market Size, Growth Rate, And Forecast
The global freight forwarding market size grew from $191.01 billion in 2022 to $199.09 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The freight forwarding market size is expected to grow to $224.78 billion in 2027 at a CAGR of 3.1%.
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Freight Forwarding Market Drivers
Growth in international trade volumes is significantly contributing to the growth of the freight forwarding market. International trade is the exchange of services and products between countries. Trading globally will give the consumers and countries the chance to be exposed to goods and services that are not available in their own countries or costlier domestically. Freight forwarders organize the intermodal transportation of goods on behalf of shippers, and increased trade volume will boost freight forwarding activities.
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Freight Forwarding Market Segments
1) By Type: Polymers, Metal, Ceramic, Other Types
2) By Technology: Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), Other Technologies
3) By Form: Powder, Filament, Liquid
4) By End-Use Industry: Automotive, Healthcare, Aerospace And Defense, Consumer Goods, Construction, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Freight Forwarding Market.
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Freight Forwarding Market Key Players
Major competitors in the Freight Forwarding Market include Stratasys Ltd., 3D Systems, Arcam AB, Exone GmbH, Royal DSM N.V., CRP Group, Envisiontec GmbH, EOS GmbH, Electro Optical Systems, Materialise, Höganäs AB, LPW Technology Ltd., GE Additive, Advanced Powders and Coatings, Formlabs, Toner Plastic, Taulman 3D, and Dutch Filaments
The Business Research Company's "Global Freight Forwarding Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Freight Forwarding Market Include:
1. Executive Summary
2. Freight Forwarding Market Characteristics
3. Freight Forwarding Market Trends And Strategies
4. Freight Forwarding Market - Macro Economic Scenario
5. Freight Forwarding Market Size And Growth
.......
26. Africa Freight Forwarding Market
27. Freight Forwarding Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Freight Forwarding Market
29. Freight Forwarding Market Future Outlook and Potential Analysis
30. Appendix
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