Freight Forwarding Market reached US$ 175.1 billion in 2023 and is expected to reach US$ 245.2 billion by 2031 | CEVA Logistics, DSV, FedEx, Uber Technologies, Inc.

Freight Forwarding Market analysis, according to DataM Intelligence, offers more than just an overview; it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

Will the Freight Forwarding market emerge as the sector's next great thing? To discover the answer, look at the Freight Forwarding market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the industrial landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Freight Forwarding market! (2031)

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Global Freight Forwarding Market reached US$ 175.1 billion in 2023 and is expected to reach US$ 245.2 billion by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.

Freight forwarding is the process of organizing and coordinating the transportation of goods on behalf of shippers. It involves the planning, shipment, and delivery of cargo across various modes of transport, including air, sea, rail, and road. Freight forwarders manage documentation, customs clearance, and insurance to ensure that goods are delivered efficiently and safely. They play a crucial role in global trade by optimizing logistics and reducing shipping costs. The freight forwarding industry is integral to the movement of goods in international commerce.

Key Players:

Profiles of some of the major players in the global Freight Forwarding market, which include

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.

Industry Development:

✔ In June 2023, Kuehne+Nagel, a global logistics leader, announced its agreement to acquire Morgan Cargo, a prominent freight forwarder operating in South Africa, the UK, and Kenya. This acquisition expands Kuehne+Nagel's perishables logistics services and strengthens customer connectivity across these regions, incorporating advanced cold chain capabilities.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Freight Forwarding market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

✦ 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 Break out:

The global Freight Forwarding Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Points Covered:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Freight Forwarding market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Freight Forwarding Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Freight Forwarding market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Freight Forwarding Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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FAQ's

Q.1. What are the primary drivers of the Freight Forwarding Industry?

Q.2. What are the main factors propelling and impeding the growth of the Freight Forwarding market?

Q.3. What are the general structure, risks, and opportunities of the market?

Q.4. How do the prices, revenue, and sales of the leading Freight Forwarding market firms compare?

Q.5. What are the main segments of the market and how is it divided up?

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