Press release
Freight Forwarding Industry is Expected to Reach US$ 245.2 billion by 2031 - Kuehne+Nagel, Deutsche Post AG (DHL Group), DB SCHENKER, Expeditors International of Washington, Inc.
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The Freight Forwarding market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Freight forwarding is the process of organizing and managing the transportation of goods from one location to another on behalf of shippers. Freight forwarders coordinate various aspects of logistics, including booking cargo space, arranging transportation (such as by sea, air, or land), and handling documentation like customs clearance and shipping insurance. They act as intermediaries between the shipper and carriers, ensuring efficient and cost-effective delivery of goods while navigating complex logistics and regulatory requirements.
Forecast Growth Projected:
The Global Freight Forwarding Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Freight Forwarding Market:
Kuehne+Nagel, Deutsche Post AG (DHL Group), DB SCHENKER, Expeditors International of Washington, Inc., CEVA Logistics, DSV, FedEx, Uber Technologies, Inc., United Parcel Service of America, Inc. and NIPPON EXPRESS HOLDINGS.
Segment Covered in the Freight Forwarding Market:
By Service: Transportation and Warehousing, Packaging and Documentation, Value-added Services.
By Mode of Transport: Land Freight Forwarding, Sea Freight Forwarding, Air Freight Forwarding.
By Customer: B2B, B2C.
By End-User: Retail and E-Commerce, Industrial & Manufacturing, Healthcare, Automotive, Others.
Regional Analysis:
The global Freight Forwarding Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Freight Forwarding Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Freight Forwarding Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Freight Forwarding manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Freight Forwarding in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Freight Forwarding Market?
The Freight Forwarding Market size was USD 175.1 billion in 2023. It is expected to reach USD 245.2 billion by 2031.
How fast is the Freight Forwarding Market growing?
The Freight Forwarding Market will exhibit a CAGR of 4.3% during the forecast period, 2024-2031.
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