Freight Forwarding Market 2024-2028
The freight forwarding market is forecasted to grow by USD 47036.5 mn during 2023-2028, accelerating at a CAGR of 3.8% during the forecast period. The report on the freight forwarding market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing international trade, government support for logistics industry, and growth of e-commerce industry.
Technavio's freight forwarding market is segmented as below:
- By Mode Of Transportation
- Land freight
- Ocean freight
- Air freight
- By Application
- Industrial and manufacturing
- Retail and E-commerce
- Food and beverages
- Healthcare
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing usage of ai and ml in freight forwarding as one of the prime reasons driving the freight forwarding market growth during the next few years. Also, adoption of robotics and automation in warehousing and rising demand for jit deliveries will lead to sizable demand in the market.
The report on the freight forwarding market covers the following areas:
- Freight Forwarding Market sizing
- Freight Forwarding Market forecast
- Freight Forwarding Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading freight forwarding market vendors that include AP Moller Maersk AS, APT Logistics, AWL India Pvt. Ltd., C H Robinson Worldwide Inc., CEVA Logistics, DACHSER SE, DB Schenker, DHL Express Ltd., Dimerco Express Corp, DSV AS, FedEx Corp., GEODIS, Hellmann Worldwide Logistics SE and Co KG, Kuehne Nagel Management AG, Manitoulin Group of Companies, Nippon Express Holdings Inc., SEKO Logistics, Sinotrans Ltd, Uber Technologies Inc., and United Parcel Service Inc.. Also, the freight forwarding market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.