Freight Forwarding Market Share, Size, Segmentation with Competitive Analysis, Top Manufacturers and Forecast 2021-2027
Freight Forwarding Market was valued at US$ 180 Bn. in 2021. Global Freight Forwarding Market size is expected to grow at a CAGR of 3.4 % through the forecast period.
Freight Forwarding Market Overview:
This MMR report's primary goal is to estimate the size of the Freight Forwarding market. This MMR Freight Forwarding Market Report covers the global industry in both qualitative and quantitative detail. Learn about the most significant market factors, challenges, chances, success pressures, problems, and worries. More precise forecasts and divisions of the Asia Pacific, North America, Europe, and other regions will be provided (ROW). Each region's major nations are further divided and anticipated. For this comprehensive commercial research of the Freight Forwarding industry, Maximize Market Research gathered information from secondary sources including encyclopaedias, directories, and databases. In order to gather, analyse, and predict crucial information and future prospects for the sector, we consulted important industry and supplier experts as a key source.
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Segmentation:
In 2021, the segment was dominated by ocean freight forwarding with a 43 percent share. During the forecast period, it is anticipated to expand at a CAGR of about 4.5 percent. Due to widespread use of the internet, rising living costs, infrastructure improvements (new ports, containers, and ships), and services best suited for the e-commerce market, the maritime freight forwarding industry is flourishing. Since air freight rates have increased, there is a greater demand for ocean freight forwarding. The industry leader, Kuehne + Nagel International, generated over US$ 28 billion through its operations in 2021.
Key Players:
• Agility
• Bolloré Logistics
• CEVA Logistics
• Sinotrans India Private Limited
• DB Schenker
• DHL Global Forwarding
• Imerco
• Dachser
• DSV Panalpina A/S
• Expeditors International
• Hellmann Worldwide Logistics
• Kuehne + Nagel International AG
• MGF (Manitoulin Global Forwarding)
• Nippon Express Co.
• UPS Supply Chain Solutions
Regional Analysis:
Market reports are provided for North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. Freight Forwarding Increase market research MMR investigates significantmarket sectors, subsectors, and segments as part of its study. Utilize market research to its fullest Freight Forwarding Market studies rank creative countries based on market size, share, and volume. The total includes quantity, area, sales, market chain systems, and trends.
MMR conducted both direct and secondary research in order to give a comprehensive study of the Freight Forwarding Market. Understanding current market dynamics, including supply-demand imbalances, pricing trends, product preferences, and consumer behaviour, among other things, was made easier as a result of this. Primary study with business experts and opinion leaders from around the world supported the conclusions. Various market estimation and data validation techniques are used to compile and validate the data. MMR's internal data forecasting engine projects market expansion through 2027.
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COVID-19 Impact Analysis on Freight Forwarding Market:
In 2020 and 2021, the COVID-19 Rule had a significant effect on predictions for the economy, labour, and the world. A threat to society and our way of life, COVID-19 calls for rapid industrial support and innovation. For Indian expats, COVID-19 results in a variety of problems. The embargoes have caused millions of migrant workers to lose their jobs, face food shortages, and worry about the future.
Understanding the current economy, COVID-19, and its ramifications for the commercial sector is the main goal of the MMR study. In the majority of fields, industries, and sectors, MMR adheres to the COVID-19. The COVID-19 report from Maximize Market Research can help you understand how the industry's growth and losses may be impacted (MMR).
Key Questions Answered in the Freight Forwarding Market Report are:
- Which product segment grabbed the largest share in the Freight Forwarding market?
- How is the competitive scenario of the Freight Forwarding market?
- Which are the key factors aiding the Freight Forwarding market growth?
- Which region holds the maximum share in the Freight Forwarding market?
- What will be the CAGR of the Freight Forwarding market during the forecast period?
- Which application segment emerged as the leading segment in the Freight Forwarding market?
- Which are the prominent players in the Freight Forwarding market?
- What key trends are likely to emerge in the Freight Forwarding market in the forecast period?
- What is the expected Freight Forwarding market size by 2027?
- Which company held the largest share in the Freight Forwarding market?
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