Freight Forwarding Market Size and Forecasts (2022-2029), Latest Dynamics, Product Benchmarking, Competitive Landscape

Freight Forwarding Market Size and Forecasts (2022-2029), Latest Dynamics, Product Benchmarking, Competitive Landscape, and Key Trends.

Maximize Market Research predicts that during the forecast period, the market Freight Forwarding Market was valued at US$ 180 Bn. in 2021. The Global Freight Forwarding Market size is expected to grow at a CAGR of 3.4 % through the forecast period.

As part of the Freight Forwarding Market research, a thorough analysis of the competitive environment, product market sizing, product benchmarking, market trends, product innovations, financial analysis, strategic analysis, and other factors was done in order to pinpoint the market's driving forces and potential growth opportunities. A study of significant market moves, including product launches, agreements, acquisitions, partnerships, mergers, and more is also included in the report to help readers understand the current market dynamics and how they will affect consumers from 2022 through 2029.

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Freight Forwarding Market Overview:

The report analyses each nation at the micro level in order to determine the overall market size for the Freight Forwarding Market by region and market segments. Using a bottom-up approach, the sizes of the regional and global markets are projected. It is feasible to ascertain the extent to which the unorganized market contributes to the expansion of the bigger market by undertaking a micro-level analysis of each country. In order to completely comprehend the factors influencing, limiting, and creating opportunities in the Freight Forwarding Market, the firm must perform a thorough analysis. The outcomes are then confirmed through interviews with well-known proprietors of nearby companies. For secondary research and analysis, data sources from both for-profit and non-profit organizations are used. The data from public, private, and, in the case of publicly traded enterprises, corporate earnings data, are merged to determine the requirement and consumption statistics for each player. If a company's financial records are not immediately available, you can obtain them by contacting the regional government's budget office.

Freight Forwarding Market Segment:

Based on Mode of Transport, Ocean freight forwarding mode dominated the segment with 43% share in 2021. It is expected to grow at a CAGR of around 4.5% through the forecast period. The maritime freight forwarding market is booming, due to strong internet penetration, rising cost of living, infrastructural developments (new ports, containers, and ships), and services best suited for the e-commerce market. The demand for ocean freight forwarding has increased since rising in air freight charges. Kuehne + Nagel International the leading company generated around US$ 28 Bn through its operations in 2021.

Regional Analysis:

The five leading geographical regions of the Freight Forwarding Market are North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America.

Research methodology:

This report uses top-down and bottom-up methodologies to estimate and verify the size of the global Freight Forwarding Market. Players must follow a variety of industry classification guidelines in order to compile a long list of well-known and active players. The market companies that are most relevant to the inquiry are found through a thorough validation process. Priority rankings are set up using subscription databases like Factiva, Bloomberg, and others, and are then sorted by the most recent quarter's revenue. Not to mention, research with a particular focus on the main target groups was created to meet the demands of primary data collection by appointment alone. This makes it easier for us to collect information on a range of subjects, such as player earnings, operating expenses, profit margins, and the creation of different products and services. The World Bank, associations, business websites, SEC filings, OTC BB, USPTO, EPO, annual reports, and press releases are just a few examples of secondary sources that are used to validate about 70–80% of the data before it is used.

Freight Forwarding Market Key players:

• Agility
• Bolloré Logistics
• CEVA Logistics
• Sinotrans India Private Limited
• DB Schenker
• DHL Global Forwarding
• Imerco
• Dachser
• DSV Panalpina A/S
• Expeditors International
• Hellmann Worldwide Logistics
• Kuehne + Nagel International AG
• MGF (Manitoulin Global Forwarding)
• Nippon Express Co.
• UPS Supply Chain Solutions

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