Market Overview:
The global sea freight forwarding market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for sea freight forwarding services from various end-use industries, such as agricultural, automotive, beverage, electronic and others. In addition, the growing trade activities across different regions are also contributing to the growth of the global sea freight forwarding market. Based on type, the global sea freight forwarding market is segmented into full container load (FCL), less-than container load (LCL) and others. FCL dominates the overall market in terms of revenue share and is expected to grow at a CAGR of 5.8% during 2018-2030 owing to its advantages over LCL such as reduced shipping costs and faster transit time.
Product Definition:
Sea freight forwarding is the process of organizing shipments of cargo by sea. Sea freight forwarding is important because it allows businesses to send and receive goods from different parts of the world.
Full Container Load (FCL):
Full Container Load (FCL) is a shipping term that refers to the total weight of all the containers in a cargo ship or container vessel. The FCL is usually measured in TEU (Total Embargo Units), which stand for 20-foot long by 8-foot wide by 8.6-foot high container and are used to measure volume, not weight, of freight shipments.
Less-than container load (LCL):
The less-than container load (LCL) is a sea freight service that involves the transportation of goods in containers below 20 feet in size. The service is ideal for the shipment of small and light commercial goods. Sea freight rates are generally lower when compared to other modes of transport such as road or rail freights, owing to the reduced costs involved with operating smaller vessels.
Application Insights:
The automotive segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. The rising importance of auto parts coupled with growing automobile production is expected to drive the market over the forecast period. Electronic goods are also likely to exhibit high growth owing to their increasing demand across various regions, especially Asia Pacific and Middle East & Africa. Other applications include agricultural products, which comprise fruits, vegetables, flowers and plants among other commodities that require cold storage during transport.
The beverage segment includes alcoholic as well as non-alcoholic beverages such as soft drinks ( Soda/Coke/Pepsi etc.), juices among others that require refrigerated transportation during any festival or event where freshness is important such as weddings or events organized by hotels etc., thereby driving industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing trade activities across various industries in Asia Pacific countries such as China, India, and Japan. In addition, rising investments in infrastructure development by various governments are anticipated to drive sea freight forwarder services demand over the coming years.
The Asia Pacific region accounted for a share of more than 50% of global trade in 2016 and is also one of the most important manufacturing hubs with several automotive manufacturers having their production facilities located across South East Asian countries including Thailand, Indonesia & Malaysia among others. Increasing automotive exports from North America and Europe coupled with imports from emerging economies such as China & India are projected to fuel regional growth over the next eight years.
Europe was estimated at USD X billion in 2017 owing to high maritime activity that accounts for around 25% of global freight shipments worldwide facilitating faster delivery times compared to other modes including air which accounts for 70%.
Growth Factors:
- Increasing international trade: The globalisation of economies has led to an increase in international trade. This is providing opportunities for sea freight forwarders to grow their businesses.
- Rising demand from Asia: The growth in the economies of countries such as China and India is driving demand for sea freight services. This is providing opportunities for sea freight forwarders to expand their operations into these markets.
- Development of new shipping routes: Sea freight forwarders are increasingly using new shipping routes, such as the Arctic Route, to transport goods between different parts of the world. This is helping them to reduce delivery times and cut costs.
- Growth in e-commerce: E-commerce is growing rapidly around the world, providing opportunities for sea freight forwarders to transport goods electronically between different countries and regions.. 5) Use of innovative technologies: Sea freight forwarders are using innovative technologies, such as blockchain technology, to improve the efficiency and security of their operations
Scope Of The Report
Report Attributes
Report Details
Report Title
Sea Freight Forwarding Market Research Report
By Type
Full Container Load (FCL), Less-than container load (LCL), Others
By Application
Agricultural, Automotive, Beverage, Electronic, Other
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Sea Freight Forwarding Market Report Segments:
The global Sea Freight Forwarding 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
Agricultural, Automotive, Beverage, Electronic, Other
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 Sea Freight Forwarding 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:
- Agricultural
- Automotive
- Beverage
- Electronic
- Other
- 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 Sea Freight Forwarding 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?
Sea freight forwarding is a shipping industry term for the process of transporting goods by sea. Goods are transported from one port or location to another, usually on larger ships.
Some of the major companies in the sea freight forwarding market are Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, BollorƒÂ© 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 sea freight forwarding market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sea Freight Forwarding Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sea Freight Forwarding Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sea Freight Forwarding Market - Supply Chain
4.5. Global Sea Freight Forwarding Market Forecast
4.5.1. Sea Freight Forwarding Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sea Freight Forwarding Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sea Freight Forwarding Market Absolute $ Opportunity
5. Global Sea Freight Forwarding Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sea Freight Forwarding Market Size and Volume Forecast by Type
5.3.1. Full Container Load (FCL)
5.3.2. Less-than container load (LCL)
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sea Freight Forwarding Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sea Freight Forwarding Market Size and Volume Forecast by Application
6.3.1. Agricultural
6.3.2. Automotive
6.3.3. Beverage
6.3.4. Electronic
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sea Freight Forwarding Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sea Freight Forwarding Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sea Freight Forwarding Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sea Freight Forwarding Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sea Freight Forwarding Demand Share Forecast, 2019-2029
9. North America Sea Freight Forwarding Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sea Freight Forwarding Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sea Freight Forwarding Market Size and Volume Forecast by Application
9.4.1. Agricultural
9.4.2. Automotive
9.4.3. Beverage
9.4.4. Electronic
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sea Freight Forwarding Market Size and Volume Forecast by Type
9.7.1. Full Container Load (FCL)
9.7.2. Less-than container load (LCL)
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sea Freight Forwarding Demand Share Forecast, 2019-2029
10. Latin America Sea Freight Forwarding Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sea Freight Forwarding Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sea Freight Forwarding Market Size and Volume Forecast by Application
10.4.1. Agricultural
10.4.2. Automotive
10.4.3. Beverage
10.4.4. Electronic
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sea Freight Forwarding Market Size and Volume Forecast by Type
10.7.1. Full Container Load (FCL)
10.7.2. Less-than container load (LCL)
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sea Freight Forwarding Demand Share Forecast, 2019-2029
11. Europe Sea Freight Forwarding Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sea Freight Forwarding Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sea Freight Forwarding Market Size and Volume Forecast by Application
11.4.1. Agricultural
11.4.2. Automotive
11.4.3. Beverage
11.4.4. Electronic
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sea Freight Forwarding Market Size and Volume Forecast by Type
11.7.1. Full Container Load (FCL)
11.7.2. Less-than container load (LCL)
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sea Freight Forwarding Demand Share, 2019-2029
12. Asia Pacific Sea Freight Forwarding Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sea Freight Forwarding Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sea Freight Forwarding Market Size and Volume Forecast by Application
12.4.1. Agricultural
12.4.2. Automotive
12.4.3. Beverage
12.4.4. Electronic
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sea Freight Forwarding Market Size and Volume Forecast by Type
12.7.1. Full Container Load (FCL)
12.7.2. Less-than container load (LCL)
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sea Freight Forwarding Demand Share, 2019-2029
13. Middle East & Africa Sea Freight Forwarding Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sea Freight Forwarding Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sea Freight Forwarding Market Size and Volume Forecast by Application
13.4.1. Agricultural
13.4.2. Automotive
13.4.3. Beverage
13.4.4. Electronic
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sea Freight Forwarding Market Size and Volume Forecast by Type
13.7.1. Full Container Load (FCL)
13.7.2. Less-than container load (LCL)
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sea Freight Forwarding Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Sea Freight Forwarding Market: Market Share Analysis
14.2. Sea Freight Forwarding Distributors and Customers
14.3. Sea Freight Forwarding Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kuehne + Nagel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DHL Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sinotrans
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DB Schenker Logistics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GEODIS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panalpina
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DSV
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bolloré Logistics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Expeditors
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dachser
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Express
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CEVA Logistics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pantos Logistics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Agility Logistics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hellmann
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Damco
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. KWE
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hitachi Transport
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. UPS Supply Chain
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sankyu
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
