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Freight Forward Market worth $58.37 billion by 2030, growing at a CAGR of 8.89% - Exclusive Report by 360iResearch
Freight Forward Market | 360iResearch
The Global Freight Forward Market to grow from USD 32.14 billion in 2023 to USD 58.37 billion by 2030, at a CAGR of 8.89%.
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Freight forwarding services incorporate the coordination and shipment of goods from one place to another using single or multiple carriers through air, sea, rail, or road. An essential role of a freight forwarder is to collect and consolidate consignments and obtain common carrier transportation for the long-haul transport of the consolidation, thus making its transport more efficient and reducing transport costs. Increasing global trade activities, growth in eCommerce, and the need for third-party ancillary services are fueling the growth of freight forwarding services. However, several issues, such as increasing overall transportation costs and delays in shipments, create concerns for freight forwarder service providers. Currently, freight forwarders manage the risks and benefits of shipping both locally and internationally with customs regulations, negotiating tariffs, and being efficient in the requirements of shipping by land, sea, rail, and air using advanced technology support.
Americas showcase a developed landscape for the freight forward market attributed to the surge in trade and the U.S. government initiatives to support the logistics sector. The Asia-Pacific market is growing rapidly with the development of the manufacturing sector and the rise in international trading goods. The expansion of goods manufacturing industries and strong government measures for economic growth are growing the freight forwarder business in the region. Moreover, the high government support for industrialization and import and export activities provides positive prospects for the Asia-Pacific. The freight forward market in Europe, the Middle East, and African economies is evolving exponentially, supported by major trade partnerships worldwide for several essential commodities. In addition, the investment for innovation in forward freight solutions makes services more efficient and accurate, encouraging growth in the EMEA region.
Market Segmentation & Coverage:
This research report categorizes the Freight Forward Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Services, market is studied across Customs Clearance, Import Documentation, Insurance, International Export, Inventory Management, Packing, and Storage. The Packing commanded largest market share of 17.45% in 2023, followed by Customs Clearance.
Based on Mode of Transportation, market is studied across Air Freight Forwarding, In-Road Forwarding, and Sea Freight Forwarding. The Air Freight Forwarding commanded largest market share of 43.29% in 2023, followed by Sea Freight Forwarding.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 34.79% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Freight Forward Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Freight Forward Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Freight Forward Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk A/S, Allcargo Logistics Ltd., Allstates WorldCargo, Inc., Bolloré S.E., C.H. Robinson Worldwide, Inc., CEVA Logistics AG, CJ Logistics, CSX Corporation, CTS International Logistics Corporation Limited, Dachser SE, Deutsche Bahn AG, Deutsche Post DHL Group, Dimerco Express Corporation, DP World Logistics FZE, DSV A/S, Expeditors International of Washington, Inc., FedEx Corporation, GEODIS SA, Hellmann Worldwide Logistics SE & Co. KG, Hitachi Transport System, Ltd., ICAT Logistics Inc., Kerry Logistics Network Limited, Kintetsu World Express, Inc., Kühne + Nagel International AG, LX Pantos Co., Ltd., Manitoulin Group, Nippon Express Co., Ltd., River Plate, Inc., Schenker AG, Shoreline Express Inc., Sinotrans Co., Ltd., Toll Holdings Limited, Uber Freight Holding Corporation, United Parcel Service, Inc., Worldwide Logistics Group, XPO, Inc., and Yusen Logistics Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Freight Forward Market, by Services
7. Freight Forward Market, by Mode of Transportation
8. Americas Freight Forward Market
9. Asia-Pacific Freight Forward Market
10. Europe, Middle East & Africa Freight Forward Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Freight Forward Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Freight Forward Market?
3. What is the competitive strategic window for opportunities in the Freight Forward Market?
4. What are the technology trends and regulatory frameworks in the Freight Forward Market?
5. What is the market share of the leading vendors in the Freight Forward Market?
6. What modes and strategic moves are considered suitable for entering the Freight Forward Market?
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About 360iResearch
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