Best Prospects in the Global Freight Forwarding Market and Strategies for Growth – Includes Freight Forwarding Market Share
The Business Research Company’s report goes into great detail on the freight forwarding market size and growth, freight forwarding market regional analysis, freight forwarding market competitive landscape, and other critical information needed to excel in the freight forwarding industry.
Major players in the freight forwarding market include 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.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
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%.
North America was the largest region in the freight forwarding market in 2021.
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.
Growth in international trade volumes is significantly contributing to the growth of the freight forwarding market.
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 global freight forwarding market report is segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Freight Forwarding Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the freight forwarding market globally and regionally, analyzes and forecasts market size, share, freight forwarding market players, freight forwarding market segments, leading competitor revenues, profiles and market shares.
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