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Global Freight Forwarding Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Agility, Bollore Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, Expeditors International
Freight Forwarding Global Market Report
Freight Forwarding Market Size, Growth Rate, And Forecast
The global freight forwarding market size grew from $191.01 billion in 2022 to $199.09 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The freight forwarding market size is expected to grow to $224.78 billion in 2027 at a CAGR of 3.1%.
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Freight Forwarding Market Drivers
Growth in international trade volumes is significantly contributing to the growth of the freight forwarding market. International trade is the exchange of services and products between countries.
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Freight Forwarding Market Segments
1) By Services: Transportation And Warehousing, Packaging And Documentation, Insurance, Value-added Services
2) By Logistics Model: First Party Logistics, Second Party Logistics, Third Party Logistics
3) By Mode of Transport: Air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, Rail Freight Forwarding
4) By Customer Type: B2C, B2B
5) By Application: Industrial And Manufacturing, Retail, Healthcare, Media And Entertainment, Military, Oil And Gas, Food And Beverages, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Freight Forwarding market.
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Freight Forwarding Market Key Players
Major players in the freight forwarding market are Agility, Bollore Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, Expeditors International, Hellmann Worldwide Logistics, Kuehne+Nagel, Nippon Express, Expeditors International, C.H. Robinson Worldwide, Expeditors International, Panalpina World Transport Holding Ltd., CMA CGM, CJ Logistics Corporation, Kerry Logistics, and DAMCO.
The Business Research Company's "Global Freight Forwarding Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Freight Forwarding Market Include:
1. Executive Summary
2. Freight Market Characteristics
3. Freight Market Trends And Strategies
4. Freight Market - Macro Economic Scenario
5. Freight Market Size And Growth
……
27. Freight Forwarding Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Freight Market
29. Freight Market Future Outlook and Potential Analysis
30. Appendix
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