Freight Forwarding Market Overview:
A freight forwarder arranges for the safe, efficient and cost-effective transportation of goods on behalf of importers, exporters or other companies. The best way to transport the goods will be selected by using computer systems, taking into account the type of goods and the customer's delivery requirements. Using multiple or a single carrier, goods are shipped and coordinated from one destination to another via sea, air, rail, and road. Providing cargo insurance and warehouse planning are other duties of freight forwarders. There are two segments of the global freight forwarding market, namely, modes of transport and services. Freight forwarders, or non-vessel operating common carriers, are companies that arrange shipments from manufacturers to the final destination. Shipping line carriers contract with forwarders to move cargo. As a result, they are able to move cargo at low prices while maintaining a secure network. As supply chain experts, they provide services such as invoicing, packaging, documentation, export declarations, and distributions. The market's growth is attributed to the high demand for low-cost shipping, the ability to identify customer needs, and the ability to respond rapidly to those needs. A demand for integrated services is also fueling the market's growth. Freight forwarders commonly offer customers a variety of integrated services, such as transportation of goods from one location to another, as well as other services. Furthermore, the emergence of trade agreements among nations also helps boost market growth. The growth of the market is hindered however, by reshoring and nearshoring. Even with the challenges, the increasing trend of intermodal freight transportation will boost the market's growth in the future.
The automotive industry has made some monumental transitions with its integration with AI, machine learning and Internet of Things (IoT). The logistics ecosystem has grown into an intelligent entity which has helped companies provide optimized real-time solutions through remote locations. This has also turned centralization of flow tracking into a possible scenario. Moreover, the advent of AI has assisted in efficiently managing traffic congestions and accidents which has further boosted the proliferation of the transportation industry worldwide. Predictive analysis and big data help in tackling the disruptions in the shipping and transportation systems while also revolutionising logistical analysis and other fields of business.
The Freight Forwarding Market is evaluated based on factors such as competitive analysis of the progress of emerging players and new entrants, the business expansion policies of key players, the financial and opportunity analysis of market players. The Freight Forwarding Market is also analysed based on the product type or technique, regional segmentation, end user spectrum, etc. This research will be conducted with the implementation of latest market research methodologies which shall help organizations understand the overall market scenario and strategize accordingly.
Major players included in the Freight Forwarding Market:
• Agility
• Bollore 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.
• UPS Supply Chain Solutions
(Note: The list of the major players will be updated with the latest market scenario and trends)
Freight Forwarding Market Segmentation:
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)
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Freight Forwarding Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the Freight Forwarding Market By Mode of Transport, By Services and By Region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
In case of any requirements or changes to the current table of content please contact us at:
enquiry@futuremarketanalytics.com
