Global Freight Forwarding Market Outlook, Opportunities And Strategies
Learn about the global freight forwarding market through The Business Research Company, which provides information on freight forwarding market size, freight forwarding market drivers and restraints, freight forwarding market players, the COVID-19 impact on the freight forwarding market, and more.
The global freight forwarding market size is expected to grow from $180.66 billion in 2021 to $191.71 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The global freight forwarding market size is then expected to grow to $220.34 billion in 2026 at a CAGR of 3.5%.
Growth in international trade volumes is significantly contributing to the growth of the freight forwarding market.
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The freight forwarding market consists of sales of freight forwarding services by entities (organizations, sole traders, and partnerships) that involve the international movement of goods via single or multiple carriers. Freight forwarding refers to logistics planning, coordination, and flow of shipment for the movement of goods throughout international borders. The freight forwarder carries out freight rate negotiations, customs documentation, container tracking, and freight consolidation.
Global Freight Forwarding Market Segments Include:
By Service: Transportation and Warehousing, Packaging and Documentation, Insurance, Value-Added Services
By Logistics Model: First Party Logistics, Second Party Logistics, Third Party Logistics
By Mode of Transport: Air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, Rail Freight Forwarding
By Customer Type: B2C, B2B
By Application: Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the freight forwarding market in 2021.
The integration of artificial intelligence (AI) has emerged as a key trend gaining popularity in the freight forwarding market. Artificial intelligence plays an important role in lowering costs, saving time, enhancing productivity, and increasing accuracy through automation and real-time data.
TBRC’s freight forwarding market report covers:
Major Market Players: Agility, Bollore Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, Expeditors International, Hellmann Worldwide Logistics, Kuehne+Nagel, Nippon Express, Expeditors International, C.H. Robinson Worldwide, Expeditors International, Panalpina World Transport Holding Ltd., CMA CGM, CJ Logistics Corporation, Kerry Logistics, and DAMCO.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Freight Forwarding Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides freight forwarding market overviews, analyzes and forecasts market size, share, freight forwarding market players, freight forwarding market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s freight forwarding market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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