Freight Forwarding Market Key Players Analysis, Opportunity Assessment and Industry Expansion Strategies 2029

[akash Arjun pingale]

Freight Forwarding Market: was valued at US$ 180 Bn. in 2021. Global Freight Forwarding Market size is expected to grow at a CAGR of 3.4 % through the forecast period.

Freight Forwarding Market Overview: 

The worldwide Freight Forwarding Market Research Report 2021-2027 is a specialist and in-depth examination of the Freight Forwarding industry, with an emphasis on the global market trend. Furthermore, the competitive analysis regarding various parameters in a specific direct competition, and indirect competition, the strengths and weaknesses of major competitors, the price, a revenue, the gross profit margin, an interview record, a business distribution, entry barriers, and opportunity windows are provided within the report back to help the buyer better understand the competitors.

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Market Scope:

The "Freight Forwarding Market" research examines major industry elements such as advancement, segmentation, growth prospects, opportunities, challenges, and competitive analysis. For the period 2021-2027, the segmental study focuses on revenue and forecast by region, kind, and application. This research examines the market size, development status, and prognosis, as well as a company profile. It also gives facts on the competitive environment as well as statistics from the top significant companies.

Freight Forwarding Market Dynamic:

1. Increase in the trade agreements between nations: The trade agreements between countries increases the import and export of goods and services between the countries, which results in driving the Freight Forwarding Market growth. The new free trade deal will erase 90% of tariffs between 15 East Asian and Pacific countries. The partnership called Regional Comprehensive Economic Partnership (RCEP) brings together 15 East Asian and Pacific countries. Trade between 15 members was worth around US$ 2.3 trillion, and the agreement's tariff concessions may raise exports by US$ 42 billion, inside the newly created alliance.

Freight Forwarding Market Segmentation:

Based on Mode of Transport, Ocean freight forwarding mode dominated the segment with 43% share in 2021. It is expected to grow at a CAGR of around 4.5% through the forecast period. The maritime freight forwarding market is booming, due to strong internet penetration, rising cost of living, infrastructural developments (new ports, containers, and ships), and services best suited for the e-commerce market. The demand for ocean freight forwarding has increased since rising in air freight charges. Kuehne + Nagel International the leading company generated around US$ 28 Bn through its operations in 2021.

Based on the Application, the Freight Forwarding Market is segmented into Industrial and Manufacturing, Healthcare, Automobiles, Electronics, Military, Oil and Gas, Food and Beverages, and Others. Trade in Pharmaceuticals was increased during the COVID, and it accounts for around 2.2% of the market share in total trading goods. It is valued at around US$ 616 Bn in 2021 and medical instruments hold the market share of 0.78% and are valued at US$ 216 Bn in total traded goods.

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Freight Forwarding Market Key Players:

• Agility
• Bolloré Logistics
• CEVA Logistics
• Sinotrans India Private Limited
• DB Schenker
• DHL Global Forwarding
• Imerco
• Dachser
• DSV Panalpina A/S
• Expeditors International
• Hellmann Worldwide Logistics
• Kuehne + Nagel International AG
• MGF (Manitoulin Global Forwarding)
• Nippon Express Co.
• UPS Supply Chain Solutions

Freight Forwarding Market data includes company profiles, product images and specifications, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and instruments, as well as downstream demand assessments, are also provided. Freight Forwarding market development patterns and marketing methods are investigated. Finally, the viability of the most recent investment proposals is evaluated, and overall analytical findings are provided.

Regional Analysis:

The study report is divided into groups based on region, manufacturer, type, and application. Each category offers production data for the anticipated period of 2021 to 2027. The consumption by Application section is also provided for the predicted period of 2021 to 2027. Understanding the categories aids in determining the significance of various elements that contribute to market growth.

COVID-19 Impact Analysis on Freight Forwarding Market:

Our ongoing research broadens our research methods to address core COVID-19 problems as well as prospective future steps. The study sheds light on COVID-19 by taking into consideration changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of modern market forces, and significant government efforts. The updated research includes insights, analysis, estimates, and predictions based on COVID-19's market impact.

Key Questions Answered in the Freight Forwarding Market Report are: 

• What will be the CAGR of the Freight Forwarding market during the forecast period (2021-2027)?
• Which segment emerged as the leading segment in the Freight Forwarding market?
• Which are the main players in the Freight Forwarding market?
• What key trends are likely to emerge in the Freight Forwarding market in the coming years?
• What will be the Freight Forwarding market size by 2027?
• Which company held the largest share in the Freight Forwarding market?

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