Freight Forwarding Market Revenue Analysis: Growth, Share, Value, Scope, and Insights

Freight Forwarding Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Freight Forwarding Market which was USD 8353.8 Million in 2022 is expected to reach USD 14461.05 Million by 2030 and is expected to undergo a CAGR of 7.10% during the forecast period of 2022 to 2030. Freight Forwarding Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Freight Forwarding Market Segmentation Analysis

Freight Forwarding Market, By Service Type (Freight Transportation, Warehousing, Documentation, Packaging, Insurance, Others), Mode of Transportation (Road, Waterways, Rail, Air), Logistics Model (First Party Logistics, Second Party Logistics, Third Party Logistics), Customer Type (B2C, B2B), Application (Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages, Others) - Industry Trends and Forecast to 2030.

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Which are the top companies operating in the Freight Forwarding Market?

The “Global Freight Forwarding Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Freight Forwarding Market extension. This Freight Forwarding Market report provides the information of the Top 10 Companies in Freight Forwarding Market in the market their business strategy, financial situation etc.

**Segments**

- **Mode of Transport:** The global freight forwarding market is anticipated to witness significant growth in the air freight segment by 2023 due to the increasing demand for quicker and efficient delivery services. However, over the forecast period up to 2031, the sea freight segment is projected to dominate the market as it remains a cost-effective and preferred mode of transport for bulk shipments.

- **Service Type:** The market is expected to see a rise in demand for value-added services such as warehousing, packaging, and customs brokerage by 2023. These services play a crucial role in streamlining the supply chain process. By 2031, technology-driven services like track and trace and data analytics are likely to witness substantial growth as businesses focus on real-time visibility and operational efficiency.

- **End-User Industry:** With the increase in global trade activities, industries such as manufacturing, automotive, and consumer goods are expected to be the key drivers of the freight forwarding market in 2023. By 2031, the healthcare and pharmaceutical sector is predicted to emerge as a significant end-user due to the demand for specialized handling of temperature-sensitive products.

**Market Players**

- **DHL Supply Chain & Global Forwarding:** As one of the leading players in the global freight forwarding market, DHL offers a wide range of services and has a vast network worldwide. The company's focus on innovation and sustainability is likely to drive its growth in the coming years.

- **Kuehne + Nagel:** Kuehne + Nagel is known for its expertise in providing integrated logistics solutions and supply chain management. With a strong presence in key markets, the company is well-positioned to capitalize on the increasing demand for freight forwarding services.

- **DB Schenker:** DB Schenker has a comprehensive portfolio of services, including land transport, air and ocean freight, and contract logistics. The company's commitment to digitalization and customer-centric solutions is expected to enhanceDHL Supply Chain & Global Forwarding, Kuehne + Nagel, and DB Schenker are among the key players in the global freight forwarding market. As the market continues to evolve, these companies are strategically positioned to capitalize on emerging trends and meet the evolving needs of customers across various industries. DHL Supply Chain & Global Forwarding's extensive service offerings and global network provide it with a competitive advantage in catering to the increasing demand for efficient delivery services. The company's emphasis on innovation and sustainability aligns with the growing focus on environmentally friendly logistics solutions, enhancing its market position in the long run.

Kuehne + Nagel's reputation for providing integrated logistics solutions and supply chain management services sets it apart in the competitive landscape. The company's strong presence in key markets enables it to offer customized solutions tailored to the unique requirements of different industries. With the rise in demand for value-added services such as warehousing and packaging, Kuehne + Nagel is well-positioned to leverage its expertise and expand its service offerings to meet changing customer preferences.

DB Schenker's diverse portfolio of services, including land transport, air and ocean freight, and contract logistics, positions it as a comprehensive solution provider in the freight forwarding market. The company's focus on digitalization and customer-centric solutions underscores its commitment to driving operational efficiency and enhancing the overall customer experience. As businesses increasingly prioritize real-time visibility and data analytics to optimize their supply chain operations, DB Schenker's investment in technology-driven services is expected to resonate well with the evolving market dynamics.

In conclusion, DHL Supply Chain & Global Forwarding, Kuehne + Nagel, and DB Schenker are poised to play a significant role in shaping the future of the freight forwarding market. With a strong focus on innovation, sustainability, and customer-centric solutions, these market players are well-equipped to navigate the evolving landscape and capitalize on emerging opportunities. As industries continue to seek efficient and cost-effective logistics solutions to streamline**Market Players**

- Agility (Kuwait)
- DHL International GmbH. (Germany)
- DSV (Denmark)
- Expeditors International of Washington, Inc. (U.S.)
- CEVA Logistics (U.K.)
- DB Schenker (Germany)
- Kuehne + Nagel (Switzerland)
- Bolloré Logistics (France)
- PANALPINA WORLD TRANSPORT (HOLDING) LTD. (Switzerland)
- Sinotrans India Private Limited (India)
- CMA CGM (France)
- C.H. Robinson Worldwide, Inc. (U.S.)
- Nippon Express (Japan)
- Dachser (Germany)
- Dimerco (India)
- CJ Logistics Corporation (South Korea)
- Hellmann Worldwide Logistics (Germany)
- GEODIS (France)

The global freight forwarding market is witnessing notable transformations in response to evolving industry landscapes, emerging technologies, and shifting consumer demands. Key market players such as Agility, DHL International GmbH, and DSV are playing crucial roles in driving innovation, enhancing operational efficiencies, and expanding service offerings to meet the diverse needs of customers across various sectors. With a focus on sustainability, digitalization, and customer-centric solutions, these players are well-positioned to capitalize on the expanding market opportunities and navigate the competitive environment effectively.

Agility, based in Kuwait, is leveraging its expertise in integrated logistics and supply chain solutions to address the complex challenges of global trade and

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Overview of the Freight Forwarding Market Research Report

The Freight Forwarding Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.

Objectives of the Report

Conduct a comprehensive investigation to forecast the value and volume of the Freight Forwarding Market.

Analyze and project market shares for major segments within the Freight Forwarding Market.

Depict the evolving landscape of the Freight Forwarding Market across global regions.

Examine and assess micro markets, their contributions, and growth potential within the Freight Forwarding Market.

Provide accurate insights into the factors driving the growth of the Freight Forwarding Market.

Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.

Market Overview

The study concentrates on the present state of the Freight Forwarding Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.

Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...

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