Freight Forwarding Market Size is Projected To Reach USD 207 Billion By 2026 - Valuates Reports

Freight Forwarding Market Size is Projected To Reach USD 207 Billion By 2026 - Valuates Reports

PR Newswire

BANGALORE, India, July 30, 2020

BANGALORE, India, July 30, 2020 /PRNewswire/ -- The freight forwarding sector is an integral 3PL services segment. The global 3PL industry is experiencing growth primarily due to the growth of e-commerce and trade activities.

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The global Freight forwarding market size is projected to reach USD 207 Billion by 2026, from USD 170 Billion in 2019, at a CAGR of 2.8% during 2020-2026.

The main factors driving the growth of Freight forwarding Market size are the increasing demand for low-cost shipping, the ability to recognize consumer needs, and the rapid response with logistics solutions. Furthermore, the growing demand for integrated services is also expected to fuel market growth.

This study offers a comprehensive overview of the freight forwarding industry's current & evolving market patterns and dynamics. An in-depth review was carried out by building market forecasts between 2020 and 2026 for main market segments.

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TRENDS INFLUENCING THE FREIGHT FORWARDING MARKET SIZE

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FREIGHT FORWARDING MARKET SHARE ANALYSIS

Based on the region, North America is expected to hold the largest freight forwarding market share during the forecast period. This dominance of North America is due to the growing consumer preference to buy online.

The Asia Pacific is projected to experience the highest growth rate among other regions. This growth is attributed to the rapid growth of the region's manufacturing sector.

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FREIGHT FORWARDING MARKET SEGMENTATION

The following players are covered in this report:

Freight forwarding Breakdown Data by Type

Freight forwarding Breakdown Data by Application

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SIMILAR REPORTS

●  Seafreight Forwarding Market Report

Thanks to the rising internet penetration and increasing PPP, the global demand for sea freight forwarding is booming.

Furthermore, due to innovations in infrastructure and services specifically built for the e-commerce industry, shipping by sea freight has emerged as a favored mode among the various end-user industries. This is further expected to increase the Sea Freight Forwarding Market size.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-32E2156/global-seafreight-forwarding

●  Land Freight Forwarding Market Report

The Land Freight Forwarding Market report offers an exhaustive geographical analysis of the global Land Freight Forwarding market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

The Land Freight Forwarding Market report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.

This report also analyses the impact of Coronavirus COVID-19 on the Land Freight Forwarding industry.

 View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0O280/land-freight-forwarding

●  Freight Forwarding Service Provider Services Market Report

The Freight Forwarding Service Provider Services Market report includes a country-wise and region-wise market size for 2015-2026. It also includes market size and forecast by Type and application segment in terms of revenue for 2015-2026.

The major vendors include 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, etc.

 View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-12P1124/global-freight-forwarding-service-provider-services

●  Ocean Freight Forwarding Market Report 

The leading manufactures in the Ocean Freight Forwarding Market are Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, and Panalpina.

Kuehne + Nagel is the largest player; its revenue of the global market exceeds 10% of the overall Ocean Freight Forwarding Market share in 2016. It is followed by DHL Group and DB Schenker Logistics.

 View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-39Q2263/covid-19-impact-on-global-ocean-freight-forwarding

●  Freight Forwarding Software Market Report

A freight forwarding software is used to help freight companies manage cargo and create documentation to move shipments from point A to point Z.

The report consists of key market trends, which are likely to impact the growth of the market over the forecast period. Evaluation of in-depth industry trends is included in the report, along with their product innovations and key market growth.

 View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-2R1329/global-freight-forwarding-software

●  Full Container Load Freight Forwarding Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-16H1104/global-full-container-load-freight-forwarding

●  Less than Container Load Freight Forwarding Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-30Z932/global-less-than-container-load-freight-forwarding

●  Global Air Freight Forwarding Market Report

View Full Report:  https://reports.valuates.com/market-reports/QYRE-Othe-0I281/global-air-freight-forwarding

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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

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