Freight Forwarding Market: Introduction

  • Freight forwarding is a business that organizes shipments for individuals or corporations to get goods from the manufacturer to a customer or a final point of distribution. Freight forwarders specialize in lowering costs and facilitating the logistics of transportation. In other words, a freight forwarder is responsible for transportation of goods from one destination to another. Such companies specialize in arranging the entire process for the shippers.

Key Drivers of the Global Freight Forwarding Market

  • Growth in international trade volumes is one of the major growth drivers of the freight forwarding market. Increasing number of trade agreements, especially among emerging economies is a key factor driving the growth of international trade. Additionally, a booming e-commerce market has helped in augmenting trade activities, thereby resulting in increasing growth of the freight forwarding market.
  • Furthermore, integrated services offered by freight forwarders is another key factor responsible for the growth of the freight forwarding market. Apart from transportation of cargo, freight forwarders also provide other integrated services such as packaging, insurance, and documentation. Thus, availability of a wide range of services have also resulted in propelling the growth of the freight forwarding market.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Technological advancement in freight forwarding anticipated to create lucrative opportunities for the market

  • Of late, technological advancement in freight forwarding services have created immense efficiencies worldwide. One such technology is Internet of Things (IoT) that has reshaped the freight shipping industry. IoT enables the freight industry to effectively track shipments as well as condition of the shipments. Apart from IoT, advanced machine learning, and cloud based solutions etc. are some of the other key technologies that are being introduced to enhance freight shipping efficiency.

Asia Pacific Offers Growth Avenues for the Global Freight Forwarding Market

  • Geographically, the global freight forwarding market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
  • Countries in North America and Europe are home to some of the key global freight forwarding service providers. DHL, Kuehne + Nagel Inc. etc. are some of the key global players in North America and Europe.
  • Asia Pacific region on the other hand is anticipated to create lucrative opportunities in the next couple of years. Increasing industrialization, rising emerging economies, and adoption of online e-commerce portals are anticipated to be some of the prime reasons for the growth of the freight forwarding service market.
  • Other regions such as South America and Middle East & Africa have strong potential growth for the Freight Forwarding market.

Key Players Operating in the Global Market:

The global freight forwarding market is moderately fragmented with presence of many key global players coupled with presence of many regional freight forwarding service providers. A few of the key players operating in the global freight forwarding market includes:

  • DHL Supply Chain
  • Kuehne + Nagel Inc.
  • DB SCHENKER
  • Sinotrans India Private Limited.
  • DSV Panalpina A/S
  • Expeditors International of Washington, Inc.
  • Nippon Express Co., Ltd.
  • United Parcel Service of America, Inc.
  • Bolloré Logistics
  • CEVA Logistics

For Right Perspective & Competitive Insights on Freight Forwarding Market, Request for a Sample

Global Freight Forwarding Market: Research Scope

Global Freight Forwarding Market, by Service Type

  • Freight Transportation
  • Warehousing
  • Documentation
  • Packaging
  • Insurance
  • Others (Value Added Services – Custom Clearance, Inventory Management etc.)

Global Freight Forwarding Market, by Mode of Transportation

  • Road
  • Waterways
  • Rail
  • Air

Global Freight Forwarding Market, by Logistics Model

  • First Party Logistics
  • Second Party Logistics
  • Third Party Logistics

Global Freight Forwarding Market, by Customer Type

  • B2C
  • B2B

Global Freight Forwarding Market, by Application

  • Industrial and Manufacturing
  • Retail
  • Healthcare
  • Media & Entertainment
  • Military
  • Oil & Gas
  • Food & Beverages
  • Others (Agro Commodities, Government and Public Utilities, & Fertilizer, Jewelry, etc.)

Global Freight Forwarding Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Freight Forwarding Market

Pre Book