Market Overview:
The global freight forwarder market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for transportation and logistics services, owing to the growth of e-commerce and globalization. The freight forwarder market is segmented by type, application, and region. By type, the market is divided into full container load (FCL), less-than container load (LCL), and others. FCL dominates the global freight forwarder market due to its high efficiency in terms of cost and time savings as compared to LCL shipments. By application, ships freight accounts for the majority share in terms of revenue generated by global freight forwarders followed by aircraft freights, trucks freights, railroads freights respectively. North America dominates the global freight forwarding market with a share of more than 30%.
Product Definition:
Freight forwarders are intermediaries who handle the shipping of goods between manufacturers and retailers. They often work with multiple carriers to get the best price and service for their customers. Freight forwarders typically have a wide network of contacts in the shipping industry, which allows them to find space on cargo ships and planes for their customers' goods. By negotiating rates and arranging logistics, freight forwarders can save their clients money on shipping costs.
Full Container Load (FCL):
Full Container Load (FCL) is a shipping term that refers to the total weight of all the containers in a train, including those on rail, road, or sea. The FCL can be defined as the maximum load that can be carried by any ship or transport vehicle based on its size and capacity. It does not include container handling equipment such as cranes and other machinery used for offloading and loading activities at ports.
Less-than container load (LCL):
The less-than container load (LCL) is a common term in the freight forwarding industry which refers to shipments that are below the container load. The LCL generally consists of 10 feet or less of goods and can be transported in a single 20-foot ISO shipping container. An increasing number of e-commerce retailers have been prompting logistics providers to increase their fleet size by adopting larger containers, thus creating more opportunities for forwarders looking to provide services across the country.
Application Insights:
Ships freight was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in global trade owing to growing industrialization, technological advancements, and rise in disposable income among people across the world. As per maritime law, ships are allowed entry into harbors only if they have enough draft (depth of water) for entering into port without having to pay any dues or taxes. Henceforth, companies engaged in shipping choose their ports based on anticipated footfall as it helps them avoid additional costs incurred while entering a port as well as leave early due to anticipated footfall from customers/shippers.
The aircraft freight segment is also expected witness significant growth over the forecast period owing to rising air traffic across various regions including Asia Pacific.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The regional growth can be attributed to rising trade activities across emerging economies, such as China and India. In 2017, Asia Pacific accounted for a share of 52% in terms of global trade and is projected to grow at a CAGR of XX% from 2018 to 2030.
The European market was valued at USD X million in 2017 owing to high maritime transport volumes across major ports including Rotterdam (the Netherlands), Antwerp (Belgium), Marseille (France) and Porto(Portugal). Moreover, increasing air freight traffic due to growing e-commerce sector will drive the regional market further.
Growth Factors:
- Increasing globalization and trade: The freight forwarding market is expected to grow as the global economy expands. With an increase in international trade, the demand for freight forwarding services will also rise.
- Rising disposable income in developing countries: A large portion of the growth in freight forwarding is expected to come from developing countries, where there is a rising middle class with more disposable income to spend on goods and services.
- Urbanization and industrialization: As more people move into cities and industries continue to grow, the need for efficient transportation and logistics systems will also increase, driving demand for freight forwarding services.
- Technological advancements: Advancements in technology are making it easier for companies to connect with suppliers and customers around the world, which is increasing the need for logistics solutions like freight forwarding.
Scope Of The Report
Report Attributes
Report Details
Report Title
Freight Forwarder Market Research Report
By Type
Full Container Load (FCL), Less-than container load (LCL), Others
By Application
Ships Freight, Aircraft Freight, Trucks Freight, Railroads Freight
By Companies
Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bolloré Logistics, Expeditors, Dachser, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, UPS Supply Chain, Sankyu, Kerry Logistics, Logwin, CJ Korea Express, C.H.Robinson, Yusen Logistics, NNR Global Logistics, Dimerco, Toll Holdings, Pilot Freight Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Freight Forwarder Market Report Segments:
The global Freight Forwarder market is segmented on the basis of:
Types
Full Container Load (FCL), Less-than container load (LCL), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ships Freight, Aircraft Freight, Trucks Freight, Railroads Freight
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kuehne + Nagel
- DHL Group
- Sinotrans
- DB Schenker Logistics
- GEODIS
- Panalpina
- DSV
- Bolloré Logistics
- Expeditors
- Dachser
- Nippon Express
- CEVA Logistics
- Pantos Logistics
- Agility Logistics
- Hellmann
- Damco
- KWE
- Hitachi Transport
- UPS Supply Chain
- Sankyu
- Kerry Logistics
- Logwin
- CJ Korea Express
- C.H.Robinson
- Yusen Logistics
- NNR Global Logistics
- Dimerco
- Toll Holdings
- Pilot Freight Services
Highlights of The Freight Forwarder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full Container Load (FCL)
- Less-than container load (LCL)
- Others
- By Application:
- Ships Freight
- Aircraft Freight
- Trucks Freight
- Railroads Freight
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Freight Forwarder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A freight forwarder is a company that helps move goods from one location to another. They can help with shipping, customs clearance, and other related services.
Some of the key players operating in the freight forwarder market are Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bollor© Logistics, Expeditors, Dachser, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, UPS Supply Chain, Sankyu, Kerry Logistics, Logwin, CJ Korea Express, C.H.Robinson, Yusen Logistics, NNR Global Logistics, Dimerco, Toll Holdings, Pilot Freight Services.
The freight forwarder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Freight Forwarder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Freight Forwarder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freight Forwarder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Freight Forwarder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Freight Forwarder Market Size & Forecast, 2018-2028
4.5.1 Freight Forwarder Market Size and Y-o-Y Growth
4.5.2 Freight Forwarder Market Absolute $ Opportunity
Chapter 5 Global Freight Forwarder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Freight Forwarder Market Size Forecast by Type
5.2.1 Full Container Load (FCL)
5.2.2 Less-than container load (LCL)
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Freight Forwarder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Freight Forwarder Market Size Forecast by Applications
6.2.1 Ships Freight
6.2.2 Aircraft Freight
6.2.3 Trucks Freight
6.2.4 Railroads Freight
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freight Forwarder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Freight Forwarder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Freight Forwarder Analysis and Forecast
9.1 Introduction
9.2 North America Freight Forwarder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Freight Forwarder Market Size Forecast by Type
9.6.1 Full Container Load (FCL)
9.6.2 Less-than container load (LCL)
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Freight Forwarder Market Size Forecast by Applications
9.10.1 Ships Freight
9.10.2 Aircraft Freight
9.10.3 Trucks Freight
9.10.4 Railroads Freight
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Freight Forwarder Analysis and Forecast
10.1 Introduction
10.2 Europe Freight Forwarder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Freight Forwarder Market Size Forecast by Type
10.6.1 Full Container Load (FCL)
10.6.2 Less-than container load (LCL)
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Freight Forwarder Market Size Forecast by Applications
10.10.1 Ships Freight
10.10.2 Aircraft Freight
10.10.3 Trucks Freight
10.10.4 Railroads Freight
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Freight Forwarder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Freight Forwarder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Freight Forwarder Market Size Forecast by Type
11.6.1 Full Container Load (FCL)
11.6.2 Less-than container load (LCL)
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Freight Forwarder Market Size Forecast by Applications
11.10.1 Ships Freight
11.10.2 Aircraft Freight
11.10.3 Trucks Freight
11.10.4 Railroads Freight
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Freight Forwarder Analysis and Forecast
12.1 Introduction
12.2 Latin America Freight Forwarder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Freight Forwarder Market Size Forecast by Type
12.6.1 Full Container Load (FCL)
12.6.2 Less-than container load (LCL)
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Freight Forwarder Market Size Forecast by Applications
12.10.1 Ships Freight
12.10.2 Aircraft Freight
12.10.3 Trucks Freight
12.10.4 Railroads Freight
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Freight Forwarder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Freight Forwarder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Freight Forwarder Market Size Forecast by Type
13.6.1 Full Container Load (FCL)
13.6.2 Less-than container load (LCL)
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Freight Forwarder Market Size Forecast by Applications
13.10.1 Ships Freight
13.10.2 Aircraft Freight
13.10.3 Trucks Freight
13.10.4 Railroads Freight
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Freight Forwarder Market: Competitive Dashboard
14.2 Global Freight Forwarder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kuehne + Nagel
14.3.2 DHL Group
14.3.3 Sinotrans
14.3.4 DB Schenker Logistics
14.3.5 GEODIS
14.3.6 Panalpina
14.3.7 DSV
14.3.8 Bolloré Logistics
14.3.9 Expeditors
14.3.10 Dachser
14.3.11 Nippon Express
14.3.12 CEVA Logistics
14.3.13 Pantos Logistics
14.3.14 Agility Logistics
14.3.15 Hellmann
14.3.16 Damco
14.3.17 KWE
14.3.18 Hitachi Transport
14.3.19 UPS Supply Chain
14.3.20 Sankyu
14.3.21 Kerry Logistics
14.3.22 Logwin
14.3.23 CJ Korea Express
14.3.24 C.H.Robinson
14.3.25 Yusen Logistics
14.3.26 NNR Global Logistics
14.3.27 Dimerco
14.3.28 Toll Holdings
14.3.29 Pilot Freight Services
