Freight Forwarding Market Gearing Up for Next Level of Growth: Growing at a CAGR of 4.1% by 2030

Freight Forwarding Market 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 Type (B2b, B2c), By End-Use Industry (Retail And E-Commerce, Manufacturing, Healthcare, Automotive, Others): Global Opportunity Analysis And Industry Forecast, 2022-2030  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Freight Forwarding market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Freight Forwarding market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation

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The global freight forwarding market size was US$ 192.5 billion in 2021. The global freight forwarding market size is estimated to reach US$ 276.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.

Freight forwarding is the process of organizing, coordinating, and shipping goods from one place to another across international borders through single or multiple carriers. The shipment of the goods occurs via air, land, or sea. The company responsible for organizing the shipment is known as a freight forwarder. Freight forwarders manage the risks and benefits of shipping both nationally and internationally by performing the required tasks such as freight rate negotiations, container tracking, customs documentation, and freight consolidation.

Factors Influencing Market Growth

 The increase in global trade, growth of the e-commerce sector globally, and increase in unrestricted trade agreements between countries drive the overall market expansion.

 The strict emission regulations hinder the overall market growth.

 Technological improvements and cost-cutting and lead time decreased by assuming a multimodal system are elements anticipated to drive the overall market expansion.

Effect of the COVID-19 Pandemic

COVID-19 had a severe impact on the overall market expansion. The pandemic has resulted in travel bans, flight cancellations, and the execution of quarantine bars, which made a huge disturbance in the supply chain and logistics actions around the world. The influence of the pandemic has resulted in workforce changes and provisional regulations on the movement of goods. Many countries around the world shut down their borders and restricted travel and transportation to prevent the spread of the coronavirus.

Regional Analysis

Asia-Pacific is anticipated to have the highest overall market expansion in 2021. This is due to the rising e-commerce sector in arising economies and high government support for the growth of logistics infrastructure driving the expansion of the global market in the region.

Leading Competitors

The prominent players in the global freight forwarding market are:

  • Uber Freight LLC
  • Expeditors International of Washington
  • Hellmann Worldwide Logistics
  • CEVA Logistics AG
  • Schenker Deutschland
  • Nippon Express
  • United Parcel Service of America
  • Transporteca
  • Deutsche Post DHL
  • FedEx
  • Others

Segmentation Analysis

The global freight forwarding market segmentation focuses on Service, Mode of Transport, Customer Type, End Use Industry, and Region.

Segmentation on the basis of Service

  • Transportation and Warehousing
  • Packaging and Documentation
  • Value-added Services

Segmentation on the basis of Mode of Transport

  • Land Freight Forwarding
  • Sea Freight Forwarding
  • Air Freight Forwarding

Segmentation on the basis of Customer Type

  • B2B
  • B2C

Segmentation on the basis of End-Use Industry

  • Retail and E-Commerce
  • Manufacturing
  • Healthcare
  • Automotive
  • Others

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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key Points Covered in Freight Forwarding Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Freight Forwarding market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Freight Forwarding  Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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