Freight Forwarding Market
Freight forwarding can be defined as the integrated services provided by different logistics and transport companies in which these organizations arrange for the safe transport of freight from one location to another. The main function of freight management is to provide cost effective and efficient transfer of goods.
Freight Forwarding market research report is a great backbone for the expansion of industry. Myriad of business challenges can be quickly and easily conquered with this market research report. Freight Forwarding market report deals with important aspects of the market that include but are not limited to historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the industry. A translucent research method has been accomplished with the right tools and techniques to turn this Freight Forwarding market research report into the world-class one. Granular market information gathered in this Freight Forwarding report will be supportive to industry to take competent business decisions.
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Market Overview
Global Freight Forwarding Market is expected to grow with a steady CAGR of in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the lower cost associated with availing integrated services instead of availing it individually from different providers. Freight forwarding can be defined as the integrated services provided by various logistics and transportation companies wherein these organisations arrange for the safe transportation of cargo from one particular location to another. The services included in this category are packaging, documentation, transportation & warehousing and value-added services.
Company Coverage of Freight Forwarding market (Sales Revenue, Price, Gross Margin, Main Products etc):
Agility; DHL International GmbH.; DSV; Expeditors International of Washington, Inc.; CEVA Logistics; DB Schenker; KUEHNE + NAGEL; Bolloré Logistics; PANALPINA WORLD TRANSPORT (HOLDING) LTD.; Sinotrans India Private Limited; CMA CGM; C.H. Robinson Worldwide, Inc.; Nippon Express; Dachser; DIMERCO; CJ Logistics Corporation; Hellmann Worldwide Logistics, GEODIS among others.
Increasing trade agreements among countries and rising international trade are factors affecting the market positively. Growing demand for low- cost shipment and their ability to identify customer needs is another factor which is also responsible for the growth of this market. All the aforementioned factors will contribute equally towards the growth and demand of this market in the forecast period.
Key Segmentation
Global Freight Forwarding Market By Type (Air Freight Forwarding, Sea Freight Forwarding, Rail Freight Forwarding, Road Freight Forwarding), Service (Packaging, Documentation, Transportation & Warehousing, VAS), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Table of Content
Freight Forwarding Market Research Report
Chapter 1 Freight Forwarding Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Freight Forwarding Market Forecast
Browse complete table of contents at https://www.databridgemarketresearch.com/toc/?dbmr=global-freight-forwarding-market
Some of the factors responsible for the growth of Freight Forwarding Market are:
• Rapid growth and increased adoption of e-commerce: E- commerce is selling and buying goods and services online with the help of the internet. These transactions take place either as Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer or Consumer-to-Business. There is increase in the adoption of e-commerce as it is beneficial for both businesses and customers. The main factor due to which it is getting popular because it fasten the buying and selling procedure, increase reach to customers, requires less operational cost and provide better quality of services. They also offer wide number of products to the customers
• Increasing prevalence of inter-country trade and increasing demand for low-cost trade services from various consumers: International trading helps the country to enhance their market for both goods and services. International trading is the process of exchanging products and services among the countries. This provides opportunities to the countries to get exposed to the products which are not available in their regions. Global trade allows rich countries to make more productive use of their resources whether labor, technology, or money
The global freight forwarding market is segmented into type as air freight forwarding, sea freight forwarding, rail freight forwarding, & road freight forwarding and service as packaging, documentation, transportation & warehousing, and VAS.
Some of the launches and acquisitions in the Freight Forwarding Market are as follow:
• In May 2019, FreightBro Logistics Pvt. Ltd announced the launch of their freight forwarding application which has the ability to discover global rates and schedule instantly, accept booking online, manage shipment life, and track cargo at the touch of the screen. The software will be responsible for backend operations, enabling freight forwarders to concentrate on their core competency and improve their customer base and revenues
• In April 2017, Damco announced the launch of their online freight forwarding portal- The Twill Online Portal. Twill remains an independent product of Maersk Group’s independent arm, offering freight forwarding services without prejudice or preference. The online portal provides instant quotations, streamlined report handling, individual container achievement visibility, and constructive exception management
Reason to Buy Freight Forwarding Market Report?
• Get a complete image of the Freight Forwarding market
• Identify growing segments and reasons for driving change
• Recognize the competitive environment, the market’s key players and top brands
• 7 years’ forecasts to judge how the Freight Forwarding market is predicted to grow.
Key Developments in the Market:
In April 2019, DSV announced that they had acquired PANALPINA WORLD TRANSPORT (HOLDING) LTD. in a USD 4.6 billion acquisition. The acquired organisation will be renamed as “DSV Panalpina”. This acquisition will create a global leader in transportation and logistics services provision.
In March 2019, C.H. Robinson Worldwide, Inc. announced that they had acquired “The Space Cargo Group” for an approximate amount of USD 48 million. This acquisition will improve the market share of C.H. in Spain as well as the Colombia region along with improving the service capabilities of the organisation globally.
Competitive Analysis: Global Freight Forwarding Market
Global freight forwarding market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of freight forwarding market for global, Europe, North America, Asia-Pacific and South America.
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