Freight forwarding service is an agency that takes on the responsibility of the movement of cargo on behalf of the owner or the exporter or importer of the goods. The freight forwarder does not really move the freight itself, but acts as an intermediary between the company shipping the goods and the logistics and transportation services such as trucking, moving freight by land or by the ocean, or by air. Freight forwarders specialize in a number of areas such as arranging for transport of shipment from one place to another, storage, preparation for shipping, warehousing, documentation, booking spaces for the cargo, negotiating prices, cargo insurance, filing insurance claims, freight consolidation, and deconsolidation and collection services. Many exporters who pick freight forwarding services do so to delegate the task of export documentation and shipping requirements as the forwarder has the expertise to advise and assists their clients in the most efficient way to move their goods from one destination to another. Exporters often find that the extensive knowledge of the forwarder in the regulations, documentation, transportation costs, exporting process, and negotiation works out to be more economical than any other method of exporting their goods. Therefore although a freight forwarder is not mandatory for exporting or importing goods, it is their expertise in the process and navigating through the regulations that cut downtime and costs for exporters. Also, freight forwarders work with a well-knit network of logistics partners such as shipping companies and agents involved with customs and documentation who ease the process and move the shipment through as fast as possible. This means an International freight forwarder is an indispensable partner for any company that deals with the export or import of goods across the globe. They are all the more important for businesses when their in-house resources are not adept in shipping internationally or know the procedures.
Market Analysis and Insights: Global Freight Forwarding Services Market
Global Freight Forwarding Services market is expected to reach to US$ million in 2023, with a positive growth of %, compared with US$ million in 2022 which suffered dual impact of COVID-19 and Russia-Ukraine War in the year. Backed with the increasing demand from downstream industries, Freight Forwarding Services industry is evaluated to reach US$ million in 2029. The CAGR will be % during 2023 to 2029.
Globally, Freight Forwarding Services key companies include Sinotrans, Kuhne + Nagel, DHL Global Forwarding, DSV Global Transport and Logistics, DB Schenker, C.H. Robinson, Kerry Logistics and Expeditors, etc. Sinotrans, Kuhne + Nagel, DHL Global Forwarding are top 3 players and held % share in total in 2022.
When considering the consumption regions, % revenue of Freight Forwarding Services were sold to North America, Europe and Asia Pacific in 2022. Asia Pacific is estimated to experience fast growth, with the CAGR of % during 2023 to 2029 and the share will be % in 2029. Moreover, China, plays a key role in the whole Freight Forwarding Services market and estimated to attract more attentions from industry insiders and investors.
Freight Forwarding Services can be divided into Warehouse Planning, Cargo Insurance, Customs Brokerage and Air Freight Forwarding, etc. Warehouse Planning is the mainstream product in the market, accounting for % revenue share globally in 2022 and the proportion will be % in 2029.
Freight Forwarding Services is widely used in various fields, such as Automobile Traffic, Chemicals, Consumer Products and Other, etc. Automobile Traffic provides greatest supports to the Freight Forwarding Services industry development. In 2022, global % revenue of Freight Forwarding Services went into Automobile Traffic filed and the proportion will reach to % in 2029.
Report Covers:
This report presents an overview of global Freight Forwarding Services market from 2018 to 2029, aiming to help readers to get a comprehensive understanding of global Freight Forwarding Services market with multiple angles. Items like regional revenue from 2018 to 2029 and companies’ revenue and gross margin from 2018 to 2023 are analyzed. In addition, revenue of product type and application in each region from 2018 to 2029 are also highlighted.
Companies, Type, Application and Regions Listed in the Report:
By Company
Sinotrans
Kuhne + Nagel
DHL Global Forwarding
DSV Global Transport and Logistics
DB Schenker
C.H. Robinson
Kerry Logistics
Expeditors
Segment by Type
Warehouse Planning
Cargo Insurance
Customs Brokerage
Air Freight Forwarding
Sea Freight Forwarding
Road Freight Forwarding
Rail Freight Forwarding
Multi-Modal Freight Forwarding
Segment by Application
Automobile Traffic
Chemicals
Consumer Products
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Product definition, type and application introduction
Chapter 2: Regional revenue analysis from 2018 to 2029
Chapter 3: Detailed analysis of Product Name companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Product revenue analysis by type from 2018 to 2029 globally
Chapter 5: Product revenue analysis by application from 2018 to 2029 globally
Chapter 6: Product revenue analysis by type and application from 2018 to 2029 in US & Canada. Product revenue analysis of each country in US & Canada from 2018 to 2029
Chapter 7: Product revenue analysis by type and application from 2018 to 2029 in Europe. Product revenue analysis of each country in Europe from 2018 to 2029
Chapter 8: Product revenue analysis by type and application from 2018 to 2029 in China. Product revenue analysis of China from 2018 to 2029
Chapter 9: Product revenue analysis by type and application from 2018 to 2029 in Asia (excluding China). Product revenue analysis of each country in Asia (excluding China) from 2018 to 2029
Chapter 10: Product revenue analysis by type and application from 2018 to 2029 in Middle East, Africa and Latin America. Product revenue analysis of each country in Middle East, Africa and Latin America from 2018 to 2029.
Chapter 11: Companies’ outline, covering company’s basic information, major business, Freight Forwarding Services introduction, etc. Freight Forwarding Services Revenue and Gross Margin of each company from 2018 to 2023
Chapter 12: publisher’s Conclusions of Freight Forwarding Services
Chapter 13: Methodology and Data Sources adopted by publisher
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Freight Forwarding Services Market Size Growth Rate by Type, 2018 VS 2022 VS 2029
1.2.2 Warehouse Planning
1.2.3 Cargo Insurance
1.2.4 Customs Brokerage
1.2.5 Air Freight Forwarding
1.2.6 Sea Freight Forwarding
1.2.7 Road Freight Forwarding
1.2.8 Rail Freight Forwarding
1.2.9 Multi-Modal Freight Forwarding
1.3 Market by Application
1.3.1 Global Freight Forwarding Services Market Size Growth Rate by Application, 2018 VS 2022 VS 2029
1.3.2 Automobile Traffic
1.3.3 Chemicals
1.3.4 Consumer Products
1.3.5 Other
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Freight Forwarding Services Market Perspective (2018-2029)
2.2 Global Freight Forwarding Services Growth Trends by Region
2.2.1 Freight Forwarding Services Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Freight Forwarding Services Historic Market Size by Region (2018-2023)
2.2.3 Freight Forwarding Services Forecasted Market Size by Region (2024-2029)
2.3 Freight Forwarding Services Market Dynamics
2.3.1 Freight Forwarding Services Industry Trends
2.3.2 Freight Forwarding Services Market Drivers
2.3.3 Freight Forwarding Services Market Challenges
2.3.4 Freight Forwarding Services Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Freight Forwarding Services by Players
3.1.1 Global Freight Forwarding Services Revenue by Players (2018-2023)
3.1.2 Global Freight Forwarding Services Revenue Market Share by Players (2018-2023)
3.2 Global Freight Forwarding Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Freight Forwarding Services, Ranking by Revenue, 2021 VS 2022 VS 2023
3.4 Global Freight Forwarding Services Market Concentration Ratio
3.4.1 Global Freight Forwarding Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Freight Forwarding Services Revenue in 2022
3.5 Global Key Players of Freight Forwarding Services Head office and Area Served
3.6 Global Key Players of Freight Forwarding Services, Product and Application
3.7 Global Key Players of Freight Forwarding Services, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Freight Forwarding Services Breakdown Data by Type
4.1 Global Freight Forwarding Services Historic Market Size by Type (2018-2023)
4.2 Global Freight Forwarding Services Forecasted Market Size by Type (2024-2029)
5 Freight Forwarding Services Breakdown Data by Application
5.1 Global Freight Forwarding Services Historic Market Size by Application (2018-2023)
5.2 Global Freight Forwarding Services Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Freight Forwarding Services Market Size (2018-2029)
6.2 North America Freight Forwarding Services Market Size by Type
6.2.1 North America Freight Forwarding Services Market Size by Type (2018-2023)
6.2.2 North America Freight Forwarding Services Market Size by Type (2024-2029)
6.2.3 North America Freight Forwarding Services Market Share by Type (2018-2029)
6.3 North America Freight Forwarding Services Market Size by Application
6.3.1 North America Freight Forwarding Services Market Size by Application (2018-2023)
6.3.2 North America Freight Forwarding Services Market Size by Application (2024-2029)
6.3.3 North America Freight Forwarding Services Market Share by Application (2018-2029)
6.4 North America Freight Forwarding Services Market Size by Country
6.4.1 North America Freight Forwarding Services Market Size by Country: 2018 VS 2022 VS 2029
6.4.2 North America Freight Forwarding Services Market Size by Country (2018-2023)
6.4.3 North America Freight Forwarding Services Market Size by Country (2024-2029)
6.4.4 United States
6.4.5 Canada
7 Europe
7.1 Europe Freight Forwarding Services Market Size (2018-2029)
7.2 Europe Freight Forwarding Services Market Size by Type
7.2.1 Europe Freight Forwarding Services Market Size by Type (2018-2023)
7.2.2 Europe Freight Forwarding Services Market Size by Type (2024-2029)
7.2.3 Europe Freight Forwarding Services Market Share by Type (2018-2029)
7.3 Europe Freight Forwarding Services Market Size by Application
7.3.1 Europe Freight Forwarding Services Market Size by Application (2018-2023)
7.3.2 Europe Freight Forwarding Services Market Size by Application (2024-2029)
7.3.3 Europe Freight Forwarding Services Market Share by Application (2018-2029)
7.4 Europe Freight Forwarding Services Market Size by Country
7.4.1 Europe Freight Forwarding Services Market Size by Country: 2018 VS 2022 VS 2029
7.4.2 Europe Freight Forwarding Services Market Size by Country (2018-2023)
7.4.3 Europe Freight Forwarding Services Market Size by Country (2024-2029)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Freight Forwarding Services Market Size (2018-2029)
8.2 China Freight Forwarding Services Market Size by Type
8.2.1 China Freight Forwarding Services Market Size by Type (2018-2023)
8.2.2 China Freight Forwarding Services Market Size by Type (2024-2029)
8.2.3 China Freight Forwarding Services Market Share by Type (2018-2029)
8.3 China Freight Forwarding Services Market Size by Application
8.3.1 China Freight Forwarding Services Market Size by Application (2018-2023)
8.3.2 China Freight Forwarding Services Market Size by Application (2024-2029)
8.3.3 China Freight Forwarding Services Market Share by Application (2018-2029)
9 Asia (excluding China)
9.1 Asia Freight Forwarding Services Market Size (2018-2029)
9.2 Asia Freight Forwarding Services Market Size by Type
9.2.1 Asia Freight Forwarding Services Market Size by Type (2018-2023)
9.2.2 Asia Freight Forwarding Services Market Size by Type (2024-2029)
9.2.3 Asia Freight Forwarding Services Market Share by Type (2018-2029)
9.3 Asia Freight Forwarding Services Market Size by Application
9.3.1 Asia Freight Forwarding Services Market Size by Application (2018-2023)
9.3.2 Asia Freight Forwarding Services Market Size by Application (2024-2029)
9.3.3 Asia Freight Forwarding Services Market Share by Application (2018-2029)
9.4 Asia Freight Forwarding Services Market Size by Region
9.4.1 Asia Freight Forwarding Services Market Size by Region: 2018 VS 2022 VS 2029
9.4.2 Asia Freight Forwarding Services Market Size by Region (2018-2023)
9.4.3 Asia Freight Forwarding Services Market Size by Region (2024-2029)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Freight Forwarding Services Market Size (2018-2029)
10.2 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Type
10.2.1 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Type (2018-2023)
10.2.2 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Type (2024-2029)
10.2.3 Middle East, Africa, and Latin America Freight Forwarding Services Market Share by Type (2018-2029)
10.3 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Application
10.3.1 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Application (2018-2023)
10.3.2 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Application (2024-2029)
10.3.3 Middle East, Africa, and Latin America Freight Forwarding Services Market Share by Application (2018-2029)
10.4 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Country
10.4.1 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Country: 2018 VS 2022 VS 2029
10.4.2 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Country (2018-2023)
10.4.3 Middle East, Africa, and Latin America Freight Forwarding Services Market Size by Country (2024-2029)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 Sinotrans
11.1.1 Sinotrans Company Details
11.1.2 Sinotrans Business Overview
11.1.3 Sinotrans Freight Forwarding Services Introduction
11.1.4 Sinotrans Revenue in Freight Forwarding Services Business (2018-2023)
11.1.5 Sinotrans Recent Developments
11.2 Kuhne + Nagel
11.2.1 Kuhne + Nagel Company Details
11.2.2 Kuhne + Nagel Business Overview
11.2.3 Kuhne + Nagel Freight Forwarding Services Introduction
11.2.4 Kuhne + Nagel Revenue in Freight Forwarding Services Business (2018-2023)
11.2.5 Kuhne + Nagel Recent Developments
11.3 DHL Global Forwarding
11.3.1 DHL Global Forwarding Company Details
11.3.2 DHL Global Forwarding Business Overview
11.3.3 DHL Global Forwarding Freight Forwarding Services Introduction
11.3.4 DHL Global Forwarding Revenue in Freight Forwarding Services Business (2018-2023)
11.3.5 DHL Global Forwarding Recent Developments
11.4 DSV Global Transport and Logistics
11.4.1 DSV Global Transport and Logistics Company Details
11.4.2 DSV Global Transport and Logistics Business Overview
11.4.3 DSV Global Transport and Logistics Freight Forwarding Services Introduction
11.4.4 DSV Global Transport and Logistics Revenue in Freight Forwarding Services Business (2018-2023)
11.4.5 DSV Global Transport and Logistics Recent Developments
11.5 DB Schenker
11.5.1 DB Schenker Company Details
11.5.2 DB Schenker Business Overview
11.5.3 DB Schenker Freight Forwarding Services Introduction
11.5.4 DB Schenker Revenue in Freight Forwarding Services Business (2018-2023)
11.5.5 DB Schenker Recent Developments
11.6 C.H. Robinson
11.6.1 C.H. Robinson Company Details
11.6.2 C.H. Robinson Business Overview
11.6.3 C.H. Robinson Freight Forwarding Services Introduction
11.6.4 C.H. Robinson Revenue in Freight Forwarding Services Business (2018-2023)
11.6.5 C.H. Robinson Recent Developments
11.7 Kerry Logistics
11.7.1 Kerry Logistics Company Details
11.7.2 Kerry Logistics Business Overview
11.7.3 Kerry Logistics Freight Forwarding Services Introduction
11.7.4 Kerry Logistics Revenue in Freight Forwarding Services Business (2018-2023)
11.7.5 Kerry Logistics Recent Developments
11.8 Expeditors
11.8.1 Expeditors Company Details
11.8.2 Expeditors Business Overview
11.8.3 Expeditors Freight Forwarding Services Introduction
11.8.4 Expeditors Revenue in Freight Forwarding Services Business (2018-2023)
11.8.5 Expeditors Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Sinotrans
Kuhne + Nagel
DHL Global Forwarding
DSV Global Transport and Logistics
DB Schenker
C.H. Robinson
Kerry Logistics
Expeditors
Ěý
Ěý
*If Applicable.
