Market Overview:
The global freight forwarding service provider services market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for freight forwarding services from various end-user industries, such as automotive, retail, and e-commerce. In addition, the growing trend of online shopping is also contributing to the growth of this market. The global freight forwarding service provider services market can be segmented on the basis of type into online service and offline service. The online service segment is expected to grow at a higher CAGR than the offline service segment during the forecast period from 2018 to 2030. This can be attributed to factors such as ease of use and convenience offered by online platforms compared with traditional methods for booking freight forwarding services.
Product Definition:
Freight forwarding service providers offer a range of services that facilitate the transportation of goods from one place to another. This can include arranging for the pick-up and delivery of cargo, as well as packing, shipping, and tracking shipments. Freight forwarding service providers often work with multiple transportation carriers and can negotiate better rates on behalf of their clients. This can save businesses time and money when shipping goods overseas or across the country.
Online Service:
Online service is a collection of tools, applications and other resources that help in freight shipment. It helps the shipper to manage the shipments effectively by providing various services such as tracking, visibility and others. The online service market is expected to witness significant growth over the forecast period owing to increasing demand for Freight Forwarding Service Provider Services globally. Moreover, growing e-commerce industry has led to an increase in online sales which further propels online service market growth over the forecast period.
Offline Service:
Offline service is a freight transportation service that involves the movement of goods from one destination to another without any intermediate storage. The primary objective of offline transportation is to reduce the time and cost associated with moving goods between two points. In other words, it's about making freight transport operations more efficient by reducing unnecessary handling and inventory costs.
The growing e-commerce industry has created several opportunities for forwarders in terms of business development as well as growth in terms of revenue generation.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from various industries, such as retail, manufacturing, automotive and logistics among others. Logistics companies are increasingly using freight forwarding services to manage their supply chain activities as it offers flexibility in terms of shipment scheduling and origin-destination management.
Enterprises application segment accounted for a significant revenue share owing to rising demand from various industries including manufacturing, healthcare & pharmaceuticals among others for warehousing and distribution purposes. Moreover, growing e-commerce industry has increased the need for efficient warehouse facilities which can be used by manufacturers/retailers as storage facilities until goods are ready for delivery or returnation purposes after completion of sales transactions online or offline within a certain timeframe (usually 2 weeks).
Regional Analysis:
North America dominated the global freight forwarding service provider services market in 2017. The growth of e-commerce and online retailing has created a need for efficient logistics solutions, thereby driving the demand for forwarders in North America. Moreover, increasing investments by prominent players such as IBM Corporation; DXC Technology Company; Federal-Mogul Corporation; and Advance Auto Parts Inc.; are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising internet penetration and changing consumer behavior resulting from increased usage of mobile phones & tablets, which makes them independent agents of product distribution centers. This has led manufacturers/suppliers to outsource their delivery operations through third parties known as freight forwarders who act as an agent between shippers & carriers at origin/destination points worldwide thereby creating an opportunity for industry participants in Asia Pacific region during the forecast period (2018 - 2030).
Growth Factors:
- Increasing globalization and trade: The freight forwarding service provider market is expected to grow as global trade increases. With the growth of international businesses, the demand for freight forwarding services will continue to rise.
- Rising demand for e-commerce: As online shopping becomes more popular, the need for efficient and reliable transportation and delivery services will increase. Freight forwarding service providers that are able to offer innovative solutions and meet the needs of e-commerce retailers will be well positioned for success in this growing market segment.
- Growing number of small businesses: A large percentage of small businesses are expected to experience significant growth in the coming years, which will create new opportunities for freight forwarders that are able to provide cost-effective shipping solutions tailored specifically for smaller companies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Freight Forwarding Service Provider Services Market Research Report
By Type
Online Service, Offline Service
By Application
Individual, Enterprise, Others
By Companies
Flexport, Agility, AIR 7 SEAS, All Transport Depot, American Export Lines, AMP Shipping International, Air Sea International Forwarding, CEVA Logistics, Crown International Forwarders, CJ Logistics, C.H. Robinson Worldwide, DB Schenker, Damco, DSV, Cargo Agents
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Freight Forwarding Service Provider Services Market Report Segments:
The global Freight Forwarding Service Provider Services market is segmented on the basis of:
Types
Online Service, Offline Service
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
Individual, Enterprise, Others
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:
- Flexport
- Agility
- AIR 7 SEAS
- All Transport Depot
- American Export Lines
- AMP Shipping International
- Air Sea International Forwarding
- CEVA Logistics
- Crown International Forwarders
- CJ Logistics
- C.H. Robinson Worldwide
- DB Schenker
- Damco
- DSV
- Cargo Agents
Highlights of The Freight Forwarding Service Provider Services 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:
- Online Service
- Offline Service
- By Application:
- Individual
- Enterprise
- Others
- 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 Forwarding Service Provider Services 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.
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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?
Freight Forwarding Service Provider Services is a type of freight forwarding service that helps businesses and organizations move their goods by truck, rail, or air. This service can be used to transport items within the United States or internationally.
Some of the major companies in the freight forwarding service provider services market are Flexport, Agility, AIR 7 SEAS, All Transport Depot, American Export Lines, AMP Shipping International, Air Sea International Forwarding, CEVA Logistics, Crown International Forwarders, CJ Logistics, C.H. Robinson Worldwide, DB Schenker, Damco, DSV, Cargo Agents.
The freight forwarding service provider services 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 Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size & Forecast, 2018-2028
4.5.1 Freight Forwarding Service Provider Services Market Size and Y-o-Y Growth
4.5.2 Freight Forwarding Service Provider Services Market Absolute $ Opportunity
Chapter 5 Global Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Type
5.2.1 Online Service
5.2.2 Offline Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services 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 Forwarding Service Provider Services Analysis and Forecast
9.1 Introduction
9.2 North America Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Type
9.6.1 Online Service
9.6.2 Offline Service
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 Forwarding Service Provider Services Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
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 Forwarding Service Provider Services Analysis and Forecast
10.1 Introduction
10.2 Europe Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Type
10.6.1 Online Service
10.6.2 Offline Service
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 Forwarding Service Provider Services Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
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 Forwarding Service Provider Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Type
11.6.1 Online Service
11.6.2 Offline Service
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 Forwarding Service Provider Services Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
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 Forwarding Service Provider Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Type
12.6.1 Online Service
12.6.2 Offline Service
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 Forwarding Service Provider Services Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
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 Forwarding Service Provider Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Freight Forwarding Service Provider Services 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 Forwarding Service Provider Services Market Size Forecast by Type
13.6.1 Online Service
13.6.2 Offline Service
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 Forwarding Service Provider Services Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
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 Forwarding Service Provider Services Market: Competitive Dashboard
14.2 Global Freight Forwarding Service Provider Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Flexport
14.3.2 Agility
14.3.3 AIR 7 SEAS
14.3.4 All Transport Depot
14.3.5 American Export Lines
14.3.6 AMP Shipping International
14.3.7 Air Sea International Forwarding
14.3.8 CEVA Logistics
14.3.9 Crown International Forwarders
14.3.10 CJ Logistics
14.3.11 C.H. Robinson Worldwide
14.3.12 DB Schenker
14.3.13 Damco
14.3.14 DSV
14.3.15 Cargo Agents
