Global Freight Forwarding 2022

Port congestion, sky high freight rates and e-commerce trends provided the perfect environment for impressive freight forwarding growth in 2021. The market experienced its fasted expansion rate in a decade, growing by 11.2%. 2022 growth is set to slow to 5.7% as global conditions shift, and new pressures emerge.

So, what’s the future for forwarding in 2022 and beyond?

The Global Freight Forwarding 2022 market report provides an up-to-date view of the freight forwarding landscape, covering market growth rates, the role and importance of digital forwarders and marketplaces, the future for air freight, M&A activity and comparative profiles of leading providers and market entrants.

The report addresses the impact of economic conditions on the market - including the war in Ukraine, ongoing increased freight rates and China’s zero-Covid policy. The report also contains a comprehensive assessment of the digital forwarding landscape & M&A activity.

Use the report to keep ahead of developing market trends, seize opportunities, and to understand the growth trajectory of key logistics markets and potential emerging markets.

This report contains:

• 2021 market sizes & growth rates, 2022 projections & forecasts to 2026 - split by region, air & sea.
• Digital freight forwarding landscape analysis.
• The publisher's 2022 Digital Freight Forwarding & Global Freight Procurement survey findings.
• Examination of M&A activity within the market.
• Analysis of the state, and future of air freight.
• Comparative profiles of the largest freight forwarding companies.
• Analysis of the present & future of freight forwarding.

Key Questions:

• How fast is the freight forwarding market forecast to grow by 2026?
• Which regions are experiencing the fastest growth?
• What are the key factors influencing demand, growth, opportunities and challenges?
• What are the key challenges facing digital forwarders and marketplaces?
• What’s the best digitisation strategy for my business?
• What are the latest logistics purchasing behaviour trends and how are contractual relationships changing?
• What are the reasons behind the recent upturn in M&A activity? Are more mega-deals are expected?
• Freight forwarders are experiencing an extraordinary ‘uplift’ in profitability, will this be sustained?

Key Findings:

• The global freight forwarding market grew by 11.2% in 2021 and is forecast to grow 5.7% in 2022.
• 2022 growth will be driven by air freight.
• 2026 forecasts are more pessimistic.
• Congestion in the ocean freight market continues to push traditional ocean shippers into the air freight market.
• Ocean freight and port congestion show few signs of improvement.
• Ti’s 2022 Digital Forwarding Survey reveals digital forwarders and booking platforms are used by 81% of surveyed shippers & LSPs.
• To become game-changers, digital forwarders must combine smart technology with operational experience.
• The entrance of shipping lines into the acquisition market has created a new driver of industry consolidation.