Global Freight Forwarding Market Report 2022 – Market Forecast, Trends And Strategies

The global freight forwarding market size is expected to grow from $180.66 billion in 2021 to $191.71 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The global freight forwarding market size is then expected to grow to $220.34 billion in 2026 at a CAGR of 3.5%.

What is the Global Freight Forwarding Market?

The freight forwarding market consists of sales of freight forwarding services by entities (organizations, sole traders, and partnerships) that involve the international movement of goods via single or multiple carriers. Freight forwarding refers to logistics planning, coordination, and flow of shipment for the movement of goods throughout international borders. The freight forwarder carries out freight rate negotiations, customs documentation, container tracking, and freight consolidation.

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What drives the Global Freight Forwarding Market?

Growth in international trade volumes is significantly contributing to the growth of the freight forwarding market. International trade is the exchange of services and products between countries. Trading globally will give the consumers and countries the chance to be exposed to goods and services that are not available in their own countries, or costlier domestically. Freight forwarders organize the intermodal transportation of goods on behalf of shippers, and increased trade volume will boost freight forwarding activities. For instance, according to the World Trade Organization, the volume of global merchandise trade increased by 8.0% in 2021. Therefore, the growth in international trade volumes is expected to fuel the growth of the freight forwarding market going forward.

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Global Freight Forwarding Market Segments
The global freight forwarding market is segmented:
By Service: Transportation and Warehousing, Packaging and Documentation, Insurance, Value-Added Services
By Logistics Model: First Party Logistics, Second Party Logistics, Third Party Logistics
By Mode of Transport: Air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, Rail Freight Forwarding
By Customer Type: B2C, B2B
By Application: Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages, Others
By Geography: The regions covered in the freight forwarding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Freight Forwarding Global Market Report 2022provides market size and growth forecasts for the global freight forwarding market, global freight forwarding market share, freight forwarding market segments and geographies, freight forwarding market competitive landscape including leading competitors’ revenues, profiles and market shares. The freight forwarding market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Freight Forwarding Industry Playersinclude Agility, Bollore Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, Dimerco, Expeditors International, Hellmann Worldwide Logistics, Kuehne+Nagel, Nippon Express, Expeditors International, C.H. Robinson Worldwide, Expeditors International, Panalpina World Transport Holding Ltd., CMA CGM, CJ Logistics Corporation, Kerry Logistics, and DAMCO. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.