The Freight Forwarding Services Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2019-2025. The Freight Forwarding Services Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). Report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This Freight Forwarding Services Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global freight forwarding market is expected to grow steadily with a CAGR of more than 3.5% during the forecast period.
Sea Freight forwarder is an individual or company that acts as an intermediary and dispatches shipments via common sea carriers and makes all arrangements for those shipments on behalf of its clients. Sea Freight forwarders handle all the logistics needed and performs related activities pertaining to shipments.
The Sea Freight Forwarding market is very fragmented market; the revenue of top twenty-nine players accounts about 67% of the total revenue in 2016.
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Top Companies in the Global Freight Forwarding Services Market
Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bollor Logistics, Expeditors, Dachser, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE
Key Market Trends
Sea Freight Forwarding to witness high growth through the forecast period
With the rise in global merchandise trade, the global maritime trade has been growing steadily driving the sea freight forwarding market. In 2017, the global seaborne trade reached 10.7 billion tons with an annual growth of 4%, the highest growth since 2013. The trade of containerized cargo is expected to grow at a faster rate with multimodal transport gaining popularity.
As the shipping liner companies are focusing on reducing the costs, they are looking to acquire or investing in a freight forwarding company. This increases the competition and also affects the established freight forwarding businesses to some extent. For example, the acquisition of a major freight forwarder CEVA logistics is completed in 2019 by the French shipping liner CMA CGM.
The Freight Forwarding Services market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Freight Forwarding Services Market on the basis of Types are
Full Container Load (FCL)
Less-than container load (LCL)
On The basis Of Application, the Global Freight Forwarding Services Market is
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Regions Are covered By Freight Forwarding Services Market Report 2019 To 2025.North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports
-Detailed overview of Freight Forwarding Services Market
-Changing Freight Forwarding Services market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Freight Forwarding Services market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Freight Forwarding Services Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
The report has 150 tables and figures browse the report description and TOC:
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