Freight Forwarding Market Share

Market Share of Freight Forwarding Industry

The freight forwarding market is fragmented with a mix of global, regional, and local players. Small- and medium-sized local players still serve the market with small fleets and storage spaces. However, the top 20 players dominate the market, accounting for more than 50% of the total market. Leading players in the market include DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV, Expeditors International, and many more. 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. Having a strong network spanning the globe is important for companies. International investors are increasingly interested in mergers and acquisitions in the ASEAN logistics market. Global logistics companies have been expanding in the ASEAN region because of increased commerce and trade activities.

Freight Forwarding Market Leaders

1. Kuehne + Nagel International AG

2. DB Schenker

3. Bollore Logistics

4. DHL Global Forwarding

5. Nippon Express Co., Ltd.

*Disclaimer: Major Players sorted in no particular order