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The market is segmented by Mode of Transport (Air, Sea), by Service (Freight Transport, Warehousing, Value-Added Services), and by Geography.
Fastest Growing Market:
The global freight forwarding market is expected to grow steadily with a CAGR of more than 3.5% during the forecast period.
A complete background analysis of global freight forwarding market, market overview, market size estimation for key segments and emerging trends by segments, and market dynamics are covered in the report.
|By Mode of Transport|
|Air Freight Forwarding|
|Sea Freight Forwarding|
|Value-Added Services (Customs Clearance, Packaging, etc.)|
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With the rise in global merchandise trade, the global maritime trade has been growing steadily driving the sea freight forwarding market. In 2017, the global seaborne trade reached 10.7 billion tons with an annual growth of 4%, the highest growth since 2013. The trade of containerized cargo is expected to grow at a faster rate with multimodal transport gaining popularity.
As the shipping liner companies are focusing on reducing the costs, they are looking to acquire or investing in a freight forwarding company. This increases the competition and also affects the established freight forwarding businesses to some extent. For example, the acquisition of a major freight forwarder CEVA logistics is completed in 2019 by the French shipping liner CMA CGM.
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Asia Pacific is expected to witness highest growth rate among the other regions, driven by swift growth in manufacturing sector in the region. Moreover, the economies in the region, especially the Southeast Asian countries are expected to have high growth rates. Although the region is witnessing huge growth with a lot of opportunities, there exists some challenges and inefficiencies such as in custom clearance processes, infrastructure in ports and airports, etc. ASEAN region as a whole is the emerging hotspot with a wide-variety of resources and attracting investments from across the world. Retail and manufacturing sectors are two key sectors that are growing rapidly in the region.
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The global freight forwarding market is made up of large number of players. However, the top 20 players dominate the market accounting for more than 50% of the total market. Leading players in the market include Kuehne + Nagel, DHL, DB Schenker, DSV, Sinotrans, Bollore Logistics, and Expeditors. As the freight forwarding market is growing steadily and there exists abundant opportunity, the players need to embrace technologies, become more digitized, and increase the scale and efficiency of their operations. Kuehne + Nagel is one of the early technology adopter in the market. Having a strong network spanning across the globe is important for the companies. As the industry is highly competitive and witnessing huge transformations, the companies need to develop specialized solutions to improve the customer experience.
The companies engaged in various logistics businesses are following the trend of consolidation, similar is the case in freight forwarding industry. For instance, the acquisition of Panalpina by DSV creates a global freight forwarder with a revenue of USD 17 billion. The merge between these two companies also results in one of the largest air freight forwarding companies in the world. In Oct 2018, FedEx announced the acquisition of acquire Australia-based logistics company Manton Air-Sea Pty Ltd. to increase its forwarding capabilities. Manton is a leader in air and ocean freight forwarding solutions.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Value Chain / Supply Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Technological Trends and insights on E-Freight Forwarding Market
4.5 Insights on E-Commerce Industry in the Region (Domestic and Cross-Border)
4.6 Spotlight - Freight Transportation Costs/Freight Rates
4.7 Brief on Freight Transport Corridors
5. MARKET DYNAMICS
5.4 Industry Attractiveness - Porter's Five Force Analysis
6. MARKET SEGMENTATION
6.1 By Mode of Transport
6.1.1 Air Freight Forwarding
6.1.2 Sea Freight Forwarding
6.2 By Service
6.2.1 Freight Transport
6.2.3 Value-Added Services (Customs Clearance, Packaging, etc.)
6.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
6.3.4 South America
220.127.116.11 Rest of South America
6.3.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Saudi Arabia
188.8.131.52 Rest of Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration, Major Players)
7.2 Company Profiles
7.2.1 Deutsche Post DHL Group (DHL Global Forwarding)
7.2.2 Kuehne + Nagel International AG
7.2.3 DB Schenker
7.2.4 Sinotrans Limited
7.2.5 DSV A/S
7.2.6 Expeditors International
7.2.7 Nippon Express Co., Ltd.
7.2.8 CEVA Logistics
7.2.9 United Parcel Service Inc.
7.2.10 Kintetsu World Express, Inc.
7.2.11 Bollore Logistics
7.2.12 C.H.Robinson Worldwide Inc.
7.2.13 Kerry Logistics Network Limited
7.2.14 Nippon Yusen Kabushiki Kaisha (Yusen Logistics Co. Ltd.)
7.2.15 Agility Logistics
7.3 Other companies (Key Information/Overview)
7.3.1 SNCF Logistics/Geodis, Hellmann Worldwide Logistics GmbH & Co. KG, XPO Logistics Inc., Hitachi Transport System Ltd., Toll Group, CJ Logistics Corporation, NNR Global Logistics, Pantos Logistics, FedEx Corporation*
8. MARKET OPPORTUNITIES AND FUTURE TRENDS