Freight Forwarding Market Opportunities and Revenue Projections 2024 to 2030

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Freight Forwarding Market was valued at US$ 192.44 Bn. in 2023. Global Freight Forwarding Market size is expected to grow at a CAGR of 3.4 % through the forecast period.


Freight Forwarding Market Report Overview

The growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy, are all explored in the Freight Forwarding Market research. Customization, as well as extensive information about Freight Forwarding industry potential, meets customer expectations. In light of modern industrial conditions, this global Freight Forwarding market study helps with structure planning.

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Freight Forwarding Market Report Scope and Research Methodology

The report thoroughly analyzes the Freight Forwarding Market by exploring various segments influenced by diverse factors. It examines the main drivers, limitations, potential growth opportunities, and challenges within the market. Furthermore, it offers a comprehensive overview of the competitive landscape and detailed insights to assist companies in identifying significant shifts in industry practices. Moreover, the report assesses the current state of the Freight Forwarding industry, including anticipated future growth, technological advancements, investment opportunities, market dynamics, and financial information. The study provides a detailed evaluation of the size and growth rates of each regional market, presenting a holistic view of the industry. Additionally, it furnishes detailed information on key industry players, elucidating their strategies for maintaining and expanding their market presence.

Freight Forwarding  Market Dynamics:-

1. Increase in the trade agreements between nations: The trade agreements between countries increases the import and export of goods and services between the countries, which results in driving the Freight Forwarding Market growth. The new free trade deal will erase 90% of tariffs between 15 East Asian and Pacific countries.

The partnership called Regional Comprehensive Economic Partnership (RCEP) brings together 15 East Asian and Pacific countries. Trade between 15 members was worth around US$ 2.3 trillion, and the agreement's tariff concessions may raise exports by US$ 42 billion, inside the newly created alliance.

2. Use of artificial intelligence (AI): When it comes to logistics and supply chain management, artificial intelligence is rapidly evolving. The AI in the logistics and supply chain market is expected to reach US$ 14 Bn by 2029 by growing at a CAGR of 20% through the forecast period. Artificial intelligence (AI) integration has emerged as a crucial topic that is gaining traction in the freight forwarding market. Through automation and real-time data, artificial intelligence helps to save expenses, save time, increase production, and improve accuracy.

Freight Forwarding Market Regional Insights

The Freight Forwarding market is divided into primary regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Each of these regions is further subdivided into specific countries, encompassing the United States, Canada, Mexico, the United Kingdom, Germany, France, Spain, Italy, other European countries, China, India, Japan, Australia, and South Korea.

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Freight Forwarding Market Segmentation

by Mode of Transport

Air
Ocean
Rail
Road

by Application

Industrial and Manufacturing
Retail
Healthcare
Media and Entertainment
Military
Oil and Gas
Food and Beverages
Others

by Customer Type

B2B
B2C

by Service

Transportation and Warehousing
Packaging and Documentation
Insurance
Value-Added Services

Freight Forwarding Market Key Players

1. Agility
2. Bolloré Logistics
3. CEVA Logistics
4. Sinotrans India Private Limited
5. DB Schenker
6. DHL Global Forwarding
7. Imerco
8. Dachser
9. DSV Panalpina A/S
10. Expeditors International
11. Hellmann Worldwide Logistics
12. Kuehne + Nagel International AG
13. MGF (Manitoulin Global Forwarding)
14. Nippon Express Co.
15. UPS Supply Chain Solutions

Key Questions answered in the Freight Forwarding Market Report are:

  • What are the recent industry trends that can be implemented to generate additional
  • revenue streams for the Freight Forwarding Market?
  • What segments are covered in the Freight Forwarding Market?
  • Who are the leading companies and what are their portfolios in Freight Forwarding Market?
  • What is Freight Forwarding ?
  • What was the Freight Forwarding market size in 2023?
  • What is the growth rate of the Freight Forwarding Market?
  • Which are the factors expected to drive the Freight Forwarding market growth?
  • Who are the key players in the Freight Forwarding market?
  • What segments are covered in the Freight Forwarding Market?
  • What are the different segments of the Freight Forwarding Market?
  • What growth strategies are the players considering to increase their presence in Freight Forwarding ?
  • What are the upcoming industry applications and trends for the Freight Forwarding Market?

For further insights, explore the full report here: https://www.maximizemarketresearch.com/market-report/freight-forwarding-market/148362/ 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size Forecast by Different Segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segments with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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