1h Free Analyst Time
The Freight Forward Market size was estimated at USD 29.53 billion in 2022, USD 32.14 billion in 2023, and is expected to grow at a CAGR of 8.88% to reach USD 58.37 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Freight forwarding services incorporate the coordination and shipment of goods from one place to another using single or multiple carriers through air, sea, rail, or road. An essential role of a freight forwarder is to collect and consolidate consignments and obtain common carrier transportation for the long-haul transport of the consolidation, thus making its transport more efficient and reducing transport costs. Increasing global trade activities, growth in eCommerce, and the need for third-party ancillary services are fueling the growth of freight forwarding services. However, several issues, such as increasing overall transportation costs and delays in shipments, create concerns for freight forwarder service providers. Currently, freight forwarders manage the risks and benefits of shipping both locally and internationally with customs regulations, negotiating tariffs, and being efficient in the requirements of shipping by land, sea, rail, and air using advanced technology support.
Regional Insights
Americas showcase a developed landscape for the freight forward market attributed to the surge in trade and the U.S. government initiatives to support the logistics sector. The Asia-Pacific market is growing rapidly with the development of the manufacturing sector and the rise in international trading goods. The expansion of goods manufacturing industries and strong government measures for economic growth are growing the freight forwarder business in the region. Moreover, the high government support for industrialization and import and export activities provides positive prospects for the Asia-Pacific. The freight forward market in Europe, the Middle East, and African economies is evolving exponentially, supported by major trade partnerships worldwide for several essential commodities. In addition, the investment for innovation in forward freight solutions makes services more efficient and accurate, encouraging growth in the EMEA region.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Freight Forward Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Freight Forward Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Freight Forward Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk A/S, Allcargo Logistics Ltd., Allstates WorldCargo, Inc., Bolloré S.E., C.H. Robinson Worldwide, Inc., CEVA Logistics AG, CJ Logistics, CSX Corporation, CTS International Logistics Corporation Limited, Dachser SE, Deutsche Bahn AG, Deutsche Post DHL Group, Dimerco Express Corporation, DP World Logistics FZE, DSV A/S, Expeditors International of Washington, Inc., FedEx Corporation, GEODIS SA, Hellmann Worldwide Logistics SE & Co. KG, Hitachi Transport System, Ltd., ICAT Logistics Inc., Kerry Logistics Network Limited, Kintetsu World Express, Inc., Kühne + Nagel International AG, LX Pantos Co., Ltd., Manitoulin Group, Nippon Express Co., Ltd., River Plate, Inc., Schenker AG, Shoreline Express Inc., Sinotrans Co., Ltd., Toll Holdings Limited, Uber Freight Holding Corporation, United Parcel Service, Inc., Worldwide Logistics Group, XPO, Inc., and Yusen Logistics Co., Ltd.Market Segmentation & Coverage
This research report categorizes the Freight Forward Market to forecast the revenues and analyze trends in each of the following sub-markets:- Services
- Customs Clearance
- Import Documentation
- Insurance
- International Export
- Inventory Management
- Packing
- Storage
- Mode of Transportation
- Air Freight Forwarding
- In-Road Forwarding
- Sea Freight Forwarding
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Freight Forward Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Freight Forward Market?
- What are the technology trends and regulatory frameworks in the Freight Forward Market?
- What is the market share of the leading vendors in the Freight Forward Market?
- Which modes and strategic moves are suitable for entering the Freight Forward Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Freight Forward Market, by Services
7. Freight Forward Market, by Mode of Transportation
8. Americas Freight Forward Market
9. Asia-Pacific Freight Forward Market
10. Europe, Middle East & Africa Freight Forward Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- A.P. Moller - Maersk A/S
- Allcargo Logistics Ltd.
- Allstates WorldCargo, Inc.
- Bolloré S.E.
- C.H. Robinson Worldwide, Inc.
- CEVA Logistics AG
- CJ Logistics
- CSX Corporation
- CTS International Logistics Corporation Limited
- Dachser SE
- Deutsche Bahn AG
- Deutsche Post DHL Group
- Dimerco Express Corporation
- DP World Logistics FZE
- DSV A/S
- Expeditors International of Washington, Inc.
- FedEx Corporation
- GEODIS SA
- Hellmann Worldwide Logistics SE & Co. KG
- Hitachi Transport System, Ltd.
- ICAT Logistics Inc.
- Kerry Logistics Network Limited
- Kintetsu World Express, Inc.
- Kühne + Nagel International AG
- LX Pantos Co., Ltd.
- Manitoulin Group
- Nippon Express Co., Ltd.
- River Plate, Inc.
- Schenker AG
- Shoreline Express Inc.
- Sinotrans Co., Ltd.
- Toll Holdings Limited
- Uber Freight Holding Corporation
- United Parcel Service, Inc.
- Worldwide Logistics Group
- XPO, Inc.
- Yusen Logistics Co., Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 32.14 Billion |
| Forecasted Market Value ( USD | $ 58.37 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 37 |
