Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Sea Freight Forwarding Market by Type (Full Container Load (FCL), Less-than container load (LCL), Others), By Application (Agricultural, Automotive, Beverage, Electronic, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Sea Freight Forwarding Market by Type (Full Container Load (FCL), Less-than container load (LCL), Others), By Application (Agricultural, Automotive, Beverage, Electronic, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131047 3300 IT & Telecom 377 246 Pages 4.5 (31)

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.

Global Sea Freight Forwarding Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Kuehne + Nagel
  2. DHL Group
  3. Sinotrans
  4. DB Schenker Logistics
  6. Panalpina
  7. DSV
  8. Bolloré Logistics
  9. Expeditors
  10. Dachser
  11. Nippon Express
  12. CEVA Logistics
  13. Pantos Logistics
  14. Agility Logistics
  15. Hellmann
  16. Damco
  17. KWE
  18. Hitachi Transport
  19. UPS Supply Chain
  20. Sankyu
  21. Kerry Logistics
  22. Logwin
  23. CJ Korea Express
  24. C.H.Robinson
  25. Yusen Logistics
  26. NNR Global Logistics
  27. Dimerco
  28. Toll Holdings
  29. Pilot Freight Services

Global Sea Freight Forwarding Market Overview

Highlights of The Sea Freight Forwarding Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Alpha Hydroxy Acid for Cosmetic Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Full Container Load (FCL)
    2. Less-than container load (LCL)
    3. Others
  1. By Application:

    1. Agricultural
    2. Automotive
    3. Beverage
    4. Electronic
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Sea Freight Forwarding Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
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 Overview Financials Developments Strategic Outlook
      14.4.2. DHL Group Overview Financials Developments Strategic Outlook
      14.4.3. Sinotrans Overview Financials Developments Strategic Outlook
      14.4.4. DB Schenker Logistics Overview Financials Developments Strategic Outlook
      14.4.5. GEODIS Overview Financials Developments Strategic Outlook
      14.4.6. Panalpina Overview Financials Developments Strategic Outlook
      14.4.7. DSV Overview Financials Developments Strategic Outlook
      14.4.8. Bolloré Logistics Overview Financials Developments Strategic Outlook
      14.4.9. Expeditors Overview Financials Developments Strategic Outlook
      14.4.10. Dachser Overview Financials Developments Strategic Outlook
      14.4.11. Nippon Express Overview Financials Developments Strategic Outlook
      14.4.12. CEVA Logistics Overview Financials Developments Strategic Outlook
      14.4.13. Pantos Logistics Overview Financials Developments Strategic Outlook
      14.4.14. Agility Logistics Overview Financials Developments Strategic Outlook
      14.4.15. Hellmann Overview Financials Developments Strategic Outlook
      14.4.16. Damco Overview Financials Developments Strategic Outlook
      14.4.17. KWE Overview Financials Developments Strategic Outlook
      14.4.18. Hitachi Transport Overview Financials Developments Strategic Outlook
      14.4.19. UPS Supply Chain Overview Financials Developments Strategic Outlook
      14.4.20. Sankyu Overview Financials Developments Strategic Outlook

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