Freight Forwarding Market: Meeting the Demands of Today’s Fast-Paced World of Commerce | Dimerco, Agility, Bolloré Logistics, CEVA Logistics, DHL Global Forwarding

PRESS RELEASE
Published April 21, 2023

Freight Forwarding Market

 

Description

New Research Study “”Freight Forwarding Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook“” has been added to Coherent Market insight

The Freight Forwarding market has been growing significantly in recent years, driven by a number of key factors, such as increasing demand for its products, expanding customer base and technological advancements. This report provides a comprehensive analysis of the Freight Forwarding market, including market size, trends, drivers and constraints, Competitive Aspects, and prospects for future growth.

According to our latest study, The global freight forwarding market was valued at US$ 204.6 Bn in 2019 and is expected to reach US$ 277.5 Bn by 2028 at a CAGR of 5.0% between 2021 and 2028. The growth in the market can be attributed to the increasing demand for Freight Forwarding products in various end-use industries, including automotive, aerospace, and healthcare. Additionally, the adoption of advanced technologies and the development of new products are further driving the growth of the market.

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The Freight Forwarding market report provides detailed analysis of global market size, regional and country market size, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global market players, quality improvement, trade regulations, recent development, opportunity analysis, market strategic growth analysis, product introduction, market expansion, and technological innovation.

Drivers and Restraints

The report identifies several drivers and restraints that are impacting the growth of the Freight Forwarding market. One of the main reasons is the increasing demand for Freight Forwarding products due to different applications in different industries. Moreover, technological advancements and innovations are also driving the market growth. However, factors such as high initial investment costs, stringent government regulations, and lack of skilled labor are some of the barriers that can hamper market growth.

Competitive Landscape:

The report provides a detailed analysis of the competitive landscape of the Freight Forwarding market, including market share of key players, their competitive strategies, and recent developments. The major players operating in the market include Agility, Bolloré Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, DSV Panalpina A/S, Expeditors International, Hellmann Worldwide Logistics, Kuehne + Nagel International AG, MGF (Manitoulin Global Forwarding), Nippon Express Co., Ltd., and UPS Supply Chain Solutions. These companies are focusing on new product development, partnerships, collaborations, and mergers and acquisitions to increase their market share and maintain their position in the market.

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Freight Forwarding Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 204.6 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.0% 2028 Value Projection: US$ 277.5 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Mode of Transport: Air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, Rail Freight Forwarding
  • By Services: Transportation & Warehousing, Packaging & Documentation, Insurance, Value-added Services (Customs Clearance, Transportation Tracking, and Others)
Companies covered: Major companies operating in the global freight forwarding are: Agility, Bolloré Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, DSV Panalpina A/S, Expeditors International, Hellmann Worldwide Logistics, Kuehne + Nagel International AG, MGF (Manitoulin Global Forwarding), Nippon Express Co., Ltd., and UPS Supply Chain Solutions
Growth Drivers:
  • Increase in international trade volume transported by air freight and ocean freight
  • Development of the aviation sector
Restraints & Challenges:
  • Fluctuations in the currency exchange rates

The following are the study objectives for this report:

◘ SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
◘ Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
◘ Determine whether trends and factors are driving or limiting market growth.
◘ By identifying high-growth categories, stakeholders would be able to analyse market potential.
◘ Conduct a strategic study of each submarket’s growth trends and market contribution.
◘ Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
◘ To create a strategic profile of the main players and analyse their growth plans in depth.

Research Methodology:

  • Research Objectives: This section outlines the overall goals of the research study, including the research questions and hypotheses that will be addressed.
  • Research Design: This section describes the overall research design, including the research approach (e.g., quantitative, qualitative, mixed-methods), data collection methods (e.g., surveys, interviews, focus groups), and sampling strategy (e.g., random sampling, stratified sampling).
  • Data Collection: This section outlines the process used to collect data, including the sources of data (primary, secondary), the data collection instruments (e.g., survey questionnaire, interview guide), and the data collection procedures (e.g., data cleaning, coding, entry).
  • Data Analysis: This section describes the analytical methods used to analyze the data, such as statistical tests, qualitative coding, or content analysis.
  • Limitations: This section outlines the limitations of the study, including any potential biases, sources of error, or limitations in the data.
  • Ethical Considerations: This section describes any ethical considerations that were taken into account during the research process, such as obtaining informed consent from participants, protecting participant confidentiality, and minimizing any potential harm to participants.

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