Sea Freight Forwarding Market Likely to Grow During 2024-2030, Driven by the Changing Trends

Market Values:

The Global Sea Freight Forwarding Market is projected to grow at a CAGR of 2.42% during the forecast period, from 2024 to 2030, reaching a market size of USD 102.81 billion by 2030, up from USD 86.97 billion in 2023.

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Report Scope:

The report provides a comprehensive analysis of the Sea Freight Forwarding Market, covering various aspects such as market dynamics, drivers, restraints, and regional insights.

Research Methodology:

The research employed both primary and secondary data sources to gather information. Market prediction considered various economic factors, including inflation, regulatory changes, and policy changes. The bottom-up methodology and data triangulation approaches were used to assess the market size and forecast.

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Market Drivers:

Increasing need for efficient supply chain management and inventory optimization across industries.
Adoption of advanced technologies such as automation and real-time tracking.
Expansion of e-commerce and the rise of reverse logistics.
Growing demand for aftermarket services and the circular economy.
Growth of industries like automotive, aerospace, and healthcare.

Market Restraints:

The market dynamics analysis was conducted to identify factors affecting market growth, including competitive analysis and external factors influencing the industry positively or adversely.

Regional Insights:

The report provides insights into regional market trends, covering key regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Each region's market dynamics and growth opportunities are analyzed.

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Segmaentation:

FCL and LCL are further subdivided within the service segment. The most widely used service category is FCL since it provides a more affordable option for shipping goods abroad. Although LCL is less expensive, it requires more time to complete.

The vertical category is further subdivided into consumer goods, manufacturing, retail, healthcare, and other sectors. The greatest vertical section is manufacturing because it involves a lot of commodities that need to be transported. Due of its frequent need for the delivery of smaller volumes of commodities, retail is the second-largest vertical segment.

by Product

Full container load(FCL)
Less-than container load(LCL)

by Type

Manufacturing
Retail
Health care
Consumer Goods

Key players:

Asia-Pacific:
1. Nippon Express (Japan)
2. Sinotrans (China)
3. Hitachi Transport System (Japan)
4. Toll Group (Australia)
5. Kerry Logistics (Hong Kong)
6. CJ Logistics (South Korea)

Europe:
1. DHL Global Forwarding (Germany)
2. Kuehne + Nagel (Switzerland)
3. Panalpina (Switzerland)
4. Agility Logistics (Switzerland)
5. DSV (Denmark)
6. Hellmann Worldwide Logistics (Germany)
7. CEVA Logistics (Switzerland)
8. Bolloré Logistics (France)
9. Geodis (France)
10. Dachser (Germany)
11. Damco (Netherlands)
12. Yusen Logistics (Netherlands)
13. XPO Logistics (United Kingdom)

North America:
1. Expeditors (United States)
2. C.H. Robinson (United States)
3. UPS Supply Chain Solutions (United States)
4. NNR Global Logistics (United States)

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Section Heading: Sea Freight Forwarding Industry

Part 01: Executive Summary

Part 02: Scope of the Sea Freight Forwarding Market Report

Part 03: Sea Freight Forwarding Market Landscape

Part 04: Sea Freight Forwarding Market Sizing

Part 05: Sea Freight Forwarding Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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