Press release
Freight Forwarding Market: Steady Growth Projected with 3.4% CAGR, Targeting USD 235.19 Bn.
Freight Forwarding Market Report Scope and Research Methodology:The objective of the report is to present a comprehensive analysis of the Freight Forwarding Market to industry stakeholders. The report covers the industry's past and current status, forecasted market size, and trends using easily understandable language. It includes a dedicated study of key players, including market leaders, followers, and new entrants.
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The report utilizes PORTER and PESTEL analyses to assess the potential impact of micro-economic factors on the market. It analyzes both external and internal factors that may positively or negatively influence the business, providing decision-makers with a clear futuristic view of the industry.
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What are Freight Forwarding Market Dynamics:
The establishment of trade agreements between countries leads to increased import and export of goods and services, thereby driving the growth of the Freight Forwarding Market. Notably, the recent Regional Comprehensive Economic Partnership (RCEP) among 15 East Asian and Pacific countries is set to eliminate 90 Percent of tariffs, creating a conducive environment for exports within the alliance.
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The report identifies the rise of nearshoring manufacturing operations worldwide as a potential challenge that may hinder the growth of the freight forwarding market. However, the increasing trend of international freight transportation is expected to offset this impact and sustain the growth of the freight forwarding industry.
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Freight Forwarding Market Regional Insights:
In 2022, the North America region emerged as the dominant market with a 32 percent share. This can be attributed to the robust economy of the United States, which contributes one-fifth of the global GDP despite having only 4.5 percent of the world's population. The United States maintains strong trade partnerships, with its 30 trade partners representing 88% of US exports and 87 percent of US imports.
Asia-Pacific is identified as the fastest-growing region in the freight and logistics market. The region's growth is driven by increasing logistics activities in ASEAN countries, as well as the presence of major economies like China and India. Additionally, robust government support for the logistics sector further contributes to market expansion.
What is 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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Who are Freight Forwarding Market Key Players:
1. Agility
2. Bolloré Logistics
3. CEVA Logistics
4. Sinotrans India Private Limited
5. DB Schenker
6. DHL Global Forwarding
7. Imerco
8. Dachser
9. DSV Panalpina A/S
10. Expeditors International
11. Hellmann Worldwide Logistics
12. Kuehne + Nagel International AG
13. MGF (Manitoulin Global Forwarding)
14. Nippon Express Co.
15. UPS Supply Chain Solutions
Table of content for the Freight Forwarding Market includes:
1. Global Freight Forwarding: Research Methodology
2. Global 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
3. Global 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
4. Global Freight Forwarding Market Segmentation
• Global Market, by Mode of Transport (2022-2029)
• Global Market, by Application (2022-2029)
• Global Market, by Customer Type (2022-2029)
• Global Market, by Service (2022-2029)
5. Regional Freight Forwarding Market (2022-2029)
• Regional Market, by Mode of Transport (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Customer Type (2022-2029)
• Regional Market, by Service (2022-2029)
• Regional Market, by Country (2022-2029)
6. 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 Mode of Transport, Application, Customer Type 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
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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