Freight Forwarding Market can be defined as the integrated services provided by various logistics and transportation companies wherein these organisations arrange for the safe transportation of cargo from one particular location to another. The services included in this category are packaging, documentation, transportation & warehousing and value-added services.
Global Freight Forwarding Market is expected to grow with a steady CAGR of in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the lower cost associated with availing integrated services instead of availing it individually from different providers.
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Competitive Analysis: Global Freight Forwarding Market
Few of the major competitors currently working in Global Freight Forwarding Market are Agility; DHL International GmbH.; DSV; Expeditors International of Washington, Inc.; CEVA Logistics; DB Schenker; KUEHNE + NAGEL; Bolloré Logistics; PANALPINA WORLD TRANSPORT (HOLDING) LTD.; Sinotrans India Private Limited; CMA CGM; C.H. Robinson Worldwide, Inc.; Nippon Express; Dachser; DIMERCO; CJ Logistics Corporation; Hellmann Worldwide Logistics and GEODIS.
Key Pointers Covered in the Global Freight Forwarding Market Trends and Forecast to 2026
- Global Freight Forwarding Market New Sales Volumes
- Global Freight Forwarding Market Replacement Sales Volumes
- Global Freight Forwarding Market Installed Base
- Global Freight Forwarding Market By Brands
- Global Freight Forwarding Market Size
- Global Freight Forwarding Market Procedure Volumes
- Global Freight Forwarding Market Product Price Analysis
- Global Freight Forwarding Market Healthcare Outcomes
- Global Freight Forwarding Market Cost of Care Analysis
- Global Freight Forwarding Market Regulatory Framework and Changes
- Global Freight Forwarding Market Prices and Reimbursement Analysis
- Global Freight Forwarding Market Shares in Different Regions
- Recent Developments for Global Freight Forwarding Market Competitors
- Global Freight Forwarding Market Upcoming Applications
- Global Freight Forwarding Market Innovators Study
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Key Developments in the Market:
- In April 2019, DSV announced that they had acquired PANALPINA WORLD TRANSPORT (HOLDING) LTD. in a USD 4.6 billion acquisition. The acquired organisation will be renamed as “DSV Panalpina”. This acquisition will create a global leader in transportation and logistics services provision.
- In March 2019, C.H. Robinson Worldwide, Inc. announced that they had acquired “The Space Cargo Group” for an approximate amount of USD 48 million. This acquisition will improve the market share of C.H. in Spain as well as the Colombia region along with improving the service capabilities of the organisation globally.
Market Drivers:
- Rapid growth and increased adoption of e-commerce is expected to drive the market growth
- Increasing prevalence of inter-country trade and increasing demand for low-cost trade services from various consumers is expected to drive the market growth
Market Restraint:
- Increasing prevalence of nearshoring manufacturing activities globally which is expected to result in lack of adoption of trade activities is expected to restrain the market growth
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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