Global Freight Forwarding Market was valued at USD 7.80 billion in 2021 and is expected to reach USD 13.50 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022-2029. 

The market report titled Freight Forwarding Market has company analysis, history, and future overview, global sales trends by 2029. It will be one of the most comprehensive and important additions for growth of the business through market research studies. The report comprises of all the market shares and approaches of key players in market. It also includes the detailed profiles for the Freight Forwarding market’s major manufacturers and importers who are influencing the market. Competitive landscape analysis is performed based on the prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, applications in global Freight Forwarding Market considering the past, present and future state of the industry.

This market document offers detailed research and analysis of key aspects of the global Freight Forwarding Market. The market analysts authoring this industry analysis report has provided profound information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the global market. The report highlights CAGR value fluctuations during the forecast period of 2021-2029 for the market. Market participants can use the analysis of market dynamics to plan effective growth strategies and prepare for future challenges beforehand. A range of key factors are analysed in the report, which will help buyer in studying the Freight Forwarding industry.  

Freight Forwarding Market Scope and Market Size

The freight forwarding market is segmented on the basis of service type, mode of transportation, logistics model, customer type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Type

• Freight Transportation
• Warehousing
• Documentation
• Packaging
• Insurance
• Others
• Value Added Services
• Custom Clearance
• Inventory Management

Mode of Transportation

• Road
• Waterways
• Rail
• Air

Logistics Model

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

Customer Type

• B2C
• B2B

Application

• Industrial and Manufacturing
• Retail
• Healthcare
• Media and Entertainment
• Military
• Oil and Gas
• Food and Beverages
• Others
• Agro Commodities
• Government And Public Utilities
• Fertilizer
• Jewelry

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 Market Analysis and Insights - Freight Forwarding Market

Freight forwarding has been highly influential in the supply and chain sector, such as supplying cargo insurance, warehouse planning, and others. Air and ocean freight forwarding companies are increasing their cargo volume to cater the growing demand of their consumers.

Global Freight Forwarding Market was valued at USD 7.80 billion in 2021 and is expected to reach USD 13.50 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022-2029. Waterways is expected to witness high growth in the mode of transportation segment of the market owing to the developments in infrastructure and services by the e-commerce industry. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Key Questions Answered in this Report:

• What is the forecasted growth of this Freight Forwarding Market?
• What will be the Freight Forwarding Market value in the future?
• Which region is expected to hold the highest market share for the market?
• What has been the impact of COVID-19 on the Freight Forwarding Market?
• What is the CAGR of the market during the forecast period 2022 to 2029?
• What is the sales volume, revenue, and price analysis of top players of the Freight Forwarding Market?

Freight Forwarding Market Country Level Analysis

The freight forwarding market is analyzed and market size insights and trends are provided by country, service type, mode of transportation, logistics model, customer type and application.

The countries covered in the freight forwarding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the freight forwarding market due to the increasing number of customers choosing to purchase online within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the growth of industrialization, the increasing number of developing countries, and acceptance of online e-commerce portals in the region.

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Key Players- Freight Forwarding Market

The freight forwarding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to freight forwarding market.

Some of the major players operating in the freight forwarding market are

• Agility (Kuwait)
• DHL International GmbH. (Germany)
• DSV (Denmark)
• Expeditors International of Washington, Inc. (US)
• CEVA Logistics (UK)
• DB Schenker (Germany)
• Kuehne + Nagel (Switzerland)
• Bolloré Logistics (France)
• PANALPINA WORLD TRANSPORT (HOLDING) LTD. (Switzerland)
• Sinotrans India Private Limited (India)
• CMA CGM (France)
• H. Robinson Worldwide, Inc. (US)
• Nippon Express (Japan)
• Dachser (Germany)
• DIMERCO (India)
• CJ Logistics Corporation (South Korea)
• Hellmann Worldwide Logistics (Germany)
• (France)

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