Market Share of Asean Freight Forwarding Industry
The freight forwarding market in the region is fragmented with a large number of players. The region has the presence of large international freight forwarders, such as DHL, DB Schenker, Ceva Logistics, Sinotrans, Nippon Express, and other companies. Apart from these international players, a lot of domestic companies that are small- and medium-sized firms are also engaged in the freight forwarding business. Having a presence in land transport in the region presents an advantage to the companies involved in freight forwarding business.
With a high growth potential, the region is witnessing entry of new players in the logistics sector. For instance, in May 2019, Mahindra Logistics announced that the company is looking for an acquisition in the ASEAN region to strengthen the freight forwarding business of the company.
ASEAN Freight Forwarding Market Leaders
Deutsche Post DHL Group (DHL Global Forwarding)
Kuehne + Nagel International AG
DB Schenker
Nippon Express Co. Ltd
Kintetsu World Express Inc.
*Disclaimer: Major Players sorted in no particular order
