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Global Freight forwarding Market Size, Status and Forecast 2020-2026
Published Date: July 2020
|
Report Code: QYRE-Othe-4Q275
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Freight forwarding Market

Global Freight forwarding Market Size, Status and Forecast 2020-2026

Code: QYRE-Othe-4Q275
Report
July 2020
97 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Freight Forwarding Market Statistics 2026

The global freight forwarding market size is projected to reach US$ 207 billion by 2026, from US$ 170 billion in 2019 at a CAGR of 2.8% during 2020-2026. Freight forwarding is the coordination and shipment of goods from one place to another via single or multiple carriers via air, marine, rail, or highway. Key drivers of the global freight forwarding market include increasing international trade volumes and rising trade agreements between countries.

Further rising demand for low-cost shipping, the ability to identify customer needs, and quick response time with logistics solutions will drive the growth of the freight forwarding market during the forecast period. Also, the high demand for integrated services will significantly boost the growth of the market in the coming years. However covid 19 had a severe impact on the global freight forwarding market due to massive lockdowns in many countries and more focus on the production of essential commodities the volume of air and ocean freight fell significantly during the outbreak. But with the gradual reopening of economies backed by manufacturing and eCommerce industries the freight forwarding market will receive a huge boost during the forecast period.

Freight forwarding market

Trends Influencing the Growth of Freight Forwarding Market 

Increasing trade volumes and rising agreements between countries

Increasing trade volumes and rising trade agreements will accelerate the growth of the freight forwarding market during the forecast period. The international trade volume rests entirely on ocean and sea freight. The freight forwarding industry depends completely on the volume of cargo transported and the cargo is transported through the ocean and air freight. Hence, rising demand for ocean and air freight transportation will further propel the growth of the freight forwarding market during the forecast period.

The presence of key market players and rising investment, diversification will fuel the growth of the market

The presence of key market players and rising investment, diversificaition 

Freight forwarding companies are always under pressure to minimize costs and optimize operational efficiency in order to stay relevant in the competitive landscape. The players need to adapt to new technologies and digitize more in the freight forwarding sector. As supply chains become more diverse and international investors interested in mergers and acquisitions increase the freight forwarding market provides lucrative opportunities for growth during the forecast period.

The sea freight forwarding market will give a huge thrust to the growth of the market during the forecast period
The Sea freight forwarding market is booming due to growing internet penetration, increasing purchasing power parity, and rapid developments in containers, ports, ships, infrastructure with new technologies. Also, the sea freight forwarding market is preferred by several end-user industries and big strategic partnerships are being forged to increase the growth of the sea freight forwarding market in the coming years. Thus rising popularity of sea freight will significantly boost the growth of the freight forwarding market during the forecast period.

Covid 19 impact and subsequent rebound 

The freight forwarding market was the worst hit sector during the Covid-19 outbreak. As lockdowns increased and borders closed the freight forwarding market came to a complete standstill last year. With more focus on producing essential goods, the global freight forward market suffered a lot. But with the gradual reopening of countries, borders, and increased backing by e-commerce and manufacturing industries the freight forwarding market is expected to receive a huge thrust and will grow further during the forecast period.

Freight forwarding market size

Freight Forwarding Market Share Analysis

Asia-Pacific is expected to be the most lucrative region during the forecast period. This is due to the growing logistics in ASEAN countries, as well as the presence of big economies such as China and India. Furthermore, the region's strong government backing for the logistics sector contributes to the industry's growth. China is the region's and world's largest producer, with rising demand for pharmaceuticals and other basics. China was the first country to reopen its manufacturing. As a result, it continues to dominate the worldwide freight forwarding sector.

Freight Forwarding Market Segmentation

Freight Forwarding Market By Companies

  • C.H. Robinson Worldwide
  • CJ Korea Express
  • DACHSER
  • Dimerco
  • DSV
  • Expeditors International
  • GEODIS
  • Hellmann Worldwide Logistics
  • Deutsche Post DHL Group
  • Kuehne + Nagel

Freight Forwarding Market By Types

  • Packaging
  • Documentation
  • Transportation and warehousing
  • VAS (Value-added services)

Freight Forwarding Market By Application

  • SMEs
  • Large Enterprises

Freight Forwarding Market Scope

Report Metric

Details

Report Name

Freight forwarding Market

The Market size value in 2019

170 Billion USD

The Revenue forecast in 2026

207 Billion USD

Growth Rate

CAGR of 2.8% from 2020 to 2026

Base year considered

2019

Forecast period

2020-2026

Forecast units

Value (USD)

Segments covered

Type, End-User, Offerings, and Region

Report coverage

Revenue & volume forecast, company share, competitive landscape, growth factors, and trends

Geographic regions covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Companies covered

  • C.H. Robinson Worldwide, CJ Korea Express, DACHSER, Dimerco, DSV, Expeditors International, GEODIS, Hellmann Worldwide Logistics, Deutsche Post DHL Group, Kuehne + Nagel

Frequently Asked Questions About This Report

1. How big is the Freight Forwarding Market?

Ans. The global Freight forwarding market size is projected to reach USD 207 Billion by 2026, from USD 170 Billion in 2019.

2. What is the  Freight Forwarding Market Growth?

Ans. The global Freight forwarding market is expected to grow at a compound annual growth rate of 2.8% from 2020 to 2026.

3. Who are the major key players in Freight Forwarding Market?

Ans. C.H. Robinson Worldwide, CJ Korea Express, DACHSER, Dimerco, DSV, Expeditors International, GEODIS, Hellmann Worldwide Logistics, Deutsche Post DHL Group, Kuehne + Nagel.

1 Report Overview

    1.1 Study Scope

    1.2 Key Market Segments

    1.3 Players Covered: Ranking by Freight forwarding Revenue

    1.4 Market by Type

        1.4.1 Global Freight forwarding Market Size Growth Rate by Type: 2020 VS 2026

        1.4.2 Packaging

        1.4.3 Documentation

        1.4.4 Transportation and warehousing

        1.4.5 VAS (Value-added services)

    1.5 Market by Application

        1.5.1 Global Freight forwarding Market Share by Application: 2020 VS 2026

        1.5.2 SMEs

        1.5.3 Large Enterprises

    1.6 Study Objectives

    1.7 Years Considered

 

2 Global Growth Trends

    2.1 Global Freight forwarding Market Perspective (2015-2026)

    2.2 Global Freight forwarding Growth Trends by Regions

        2.2.1 Freight forwarding Market Size by Regions: 2015 VS 2020 VS 2026

        2.2.2 Freight forwarding Historic Market Share by Regions (2015-2020)

        2.2.3 Freight forwarding Forecasted Market Size by Regions (2021-2026)

    2.3 Industry Trends and Growth Strategy

        2.3.1 Market Top Trends

        2.3.2 Market Drivers

        2.3.3 Market Challenges

        2.3.4 Porter’s Five Forces Analysis

        2.3.5 Freight forwarding Market Growth Strategy

        2.3.6 Primary Interviews with Key Freight forwarding Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

    3.1 Global Top Freight forwarding Players by Market Size

        3.1.1 Global Top Freight forwarding Players by Revenue (2015-2020)

        3.1.2 Global Freight forwarding Revenue Market Share by Players (2015-2020)

        3.1.3 Global Freight forwarding Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

    3.2 Global Freight forwarding Market Concentration Ratio

        3.2.1 Global Freight forwarding Market Concentration Ratio (CR5 and HHI)

        3.2.2 Global Top 10 and Top 5 Companies by Freight forwarding Revenue in 2019

    3.3 Freight forwarding Key Players Head office and Area Served

    3.4 Key Players Freight forwarding Product Solution and Service

    3.5 Date of Enter into Freight forwarding Market

    3.6 Mergers & Acquisitions, Expansion Plans

 

4 Market Size by Type (2015-2026)

    4.1 Global Freight forwarding Historic Market Size by Type (2015-2020)

    4.2 Global Freight forwarding Forecasted Market Size by Type (2021-2026)

 

5 Market Size by Application (2015-2026)

    5.1 Global Freight forwarding Market Size by Application (2015-2020)

    5.2 Global Freight forwarding Forecasted Market Size by Application (2021-2026)

 

6 North America

    6.1 North America Freight forwarding Market Size (2015-2020)

    6.2 Freight forwarding Key Players in North America (2019-2020)

    6.3 North America Freight forwarding Market Size by Type (2015-2020)

    6.4 North America Freight forwarding Market Size by Application (2015-2020)

 

7 Europe

    7.1 Europe Freight forwarding Market Size (2015-2020)

    7.2 Freight forwarding Key Players in Europe (2019-2020)

    7.3 Europe Freight forwarding Market Size by Type (2015-2020)

    7.4 Europe Freight forwarding Market Size by Application (2015-2020)

 

8 China

    8.1 China Freight forwarding Market Size (2015-2020)

    8.2 Freight forwarding Key Players in China (2019-2020)

    8.3 China Freight forwarding Market Size by Type (2015-2020)

    8.4 China Freight forwarding Market Size by Application (2015-2020)

 

9 Japan

    9.1 Japan Freight forwarding Market Size (2015-2020)

    9.2 Freight forwarding Key Players in Japan (2019-2020)

    9.3 Japan Freight forwarding Market Size by Type (2015-2020)

    9.4 Japan Freight forwarding Market Size by Application (2015-2020)

 

10 Southeast Asia

    10.1 Southeast Asia Freight forwarding Market Size (2015-2020)

    10.2 Freight forwarding Key Players in Southeast Asia (2019-2020)

    10.3 Southeast Asia Freight forwarding Market Size by Type (2015-2020)

    10.4 Southeast Asia Freight forwarding Market Size by Application (2015-2020)

 

11 India

    11.1 India Freight forwarding Market Size (2015-2020)

    11.2 Freight forwarding Key Players in India (2019-2020)

    11.3 India Freight forwarding Market Size by Type (2015-2020)

    11.4 India Freight forwarding Market Size by Application (2015-2020)

 

12 Central & South America

    12.1 Central & South America Freight forwarding Market Size (2015-2020)

    12.2 Freight forwarding Key Players in Central & South America (2019-2020)

    12.3 Central & South America Freight forwarding Market Size by Type (2015-2020)

    12.4 Central & South America Freight forwarding Market Size by Application (2015-2020)

 

13 Key Players Profiles

    13.1 C.H. Robinson Worldwide

        13.1.1 C.H. Robinson Worldwide Company Details

        13.1.2 C.H. Robinson Worldwide Business Overview

        13.1.3 C.H. Robinson Worldwide Freight forwarding Introduction

        13.1.4 C.H. Robinson Worldwide Revenue in Freight forwarding Business (2015-2020))

        13.1.5 C.H. Robinson Worldwide Recent Development

    13.2 CJ Korea Express

        13.2.1 CJ Korea Express Company Details

        13.2.2 CJ Korea Express Business Overview

        13.2.3 CJ Korea Express Freight forwarding Introduction

        13.2.4 CJ Korea Express Revenue in Freight forwarding Business (2015-2020)

        13.2.5 CJ Korea Express Recent Development

    13.3 DACHSER

        13.3.1 DACHSER Company Details

        13.3.2 DACHSER Business Overview

        13.3.3 DACHSER Freight forwarding Introduction

        13.3.4 DACHSER Revenue in Freight forwarding Business (2015-2020)

        13.3.5 DACHSER Recent Development

    13.4 Dimerco

        13.4.1 Dimerco Company Details

        13.4.2 Dimerco Business Overview

        13.4.3 Dimerco Freight forwarding Introduction

        13.4.4 Dimerco Revenue in Freight forwarding Business (2015-2020)

        13.4.5 Dimerco Recent Development

    13.5 DSV

        13.5.1 DSV Company Details

        13.5.2 DSV Business Overview

        13.5.3 DSV Freight forwarding Introduction

        13.5.4 DSV Revenue in Freight forwarding Business (2015-2020)

        13.5.5 DSV Recent Development

    13.6 Expeditors International

        13.6.1 Expeditors International Company Details

        13.6.2 Expeditors International Business Overview

        13.6.3 Expeditors International Freight forwarding Introduction

        13.6.4 Expeditors International Revenue in Freight forwarding Business (2015-2020)

        13.6.5 Expeditors International Recent Development

    13.7 GEODIS

        13.7.1 GEODIS Company Details

        13.7.2 GEODIS Business Overview

        13.7.3 GEODIS Freight forwarding Introduction

        13.7.4 GEODIS Revenue in Freight forwarding Business (2015-2020)

        13.7.5 GEODIS Recent Development

    13.8 Hellmann Worldwide Logistics

        13.8.1 Hellmann Worldwide Logistics Company Details

        13.8.2 Hellmann Worldwide Logistics Business Overview

        13.8.3 Hellmann Worldwide Logistics Freight forwarding Introduction

        13.8.4 Hellmann Worldwide Logistics Revenue in Freight forwarding Business (2015-2020)

        13.8.5 Hellmann Worldwide Logistics Recent Development

    13.9 Deutsche Post DHL Group

        13.9.1 Deutsche Post DHL Group Company Details

        13.9.2 Deutsche Post DHL Group Business Overview

        13.9.3 Deutsche Post DHL Group Freight forwarding Introduction

        13.9.4 Deutsche Post DHL Group Revenue in Freight forwarding Business (2015-2020)

        13.9.5 Deutsche Post DHL Group Recent Development

    13.10 Kuehne + Nagel

        13.10.1 Kuehne + Nagel Company Details

        13.10.2 Kuehne + Nagel Business Overview

        13.10.3 Kuehne + Nagel Freight forwarding Introduction

        13.10.4 Kuehne + Nagel Revenue in Freight forwarding Business (2015-2020)

        13.10.5 Kuehne + Nagel Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix

    15.1 Research Methodology

        15.1.1 Methodology/Research Approach

        15.1.2 Data Source

    15.2 Disclaimer

    15.3 Author Details

 

List of Tables

Table 1. Freight forwarding Key Market Segments

Table 2. Key Players Covered: Ranking by Freight forwarding Revenue

Table 3. Ranking of Global Top Freight forwarding Manufacturers by Revenue (US$ Million) in 2019

Table 4. Global Freight forwarding Market Size Growth Rate by Type (US$ Million): 2020 VS 2026

Table 5. Key Players of Packaging

Table 6. Key Players of Documentation

Table 7. Key Players of Transportation and warehousing

Table 8. Key Players of VAS (Value-added services)

Table 9. Global Freight forwarding Market Size Growth by Application (US$ Million): 2020 VS 2026

Table 10. Global Freight forwarding Market Size by Regions (US$ Million): 2020 VS 2026

Table 11. Global Freight forwarding Market Size by Regions (2015-2020) (US$ Million)

Table 12. Global Freight forwarding Market Share by Regions (2015-2020)

Table 13. Global Freight forwarding Forecasted Market Size by Regions (2021-2026) (US$ Million)

Table 14. Global Freight forwarding Market Share by Regions (2021-2026)

Table 15. Market Top Trends

Table 16. Key Drivers: Impact Analysis

Table 17. Key Challenges

Table 18. Freight forwarding Market Growth Strategy

Table 19. Main Points Interviewed from Key Freight forwarding Players

Table 20. Global Freight forwarding Revenue by Players (2015-2020) (Million US$)

Table 21. Global Freight forwarding Market Share by Players (2015-2020)

Table 22. Global Top Freight forwarding Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Freight forwarding as of 2019)

Table 23. Global Freight forwarding by Players Market Concentration Ratio (CR5 and HHI)

Table 24. Key Players Headquarters and Area Served

Table 25. Key Players Freight forwarding Product Solution and Service

Table 26. Date of Enter into Freight forwarding Market

Table 27. Mergers & Acquisitions, Expansion Plans

Table 28. Global Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 29. Global Freight forwarding Market Size Share by Type (2015-2020)

Table 30. Global Freight forwarding Revenue Market Share by Type (2021-2026)

Table 31. Global Freight forwarding Market Size Share by Application (2015-2020)

Table 32. Global Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 33. Global Freight forwarding Market Size Share by Application (2021-2026)

Table 34. North America Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 35. North America Key Players Freight forwarding Market Share (2019-2020)

Table 36. North America Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 37. North America Freight forwarding Market Share by Type (2015-2020)

Table 38. North America Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 39. North America Freight forwarding Market Share by Application (2015-2020)

Table 40. Europe Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 41. Europe Key Players Freight forwarding Market Share (2019-2020)

Table 42. Europe Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 43. Europe Freight forwarding Market Share by Type (2015-2020)

Table 44. Europe Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 45. Europe Freight forwarding Market Share by Application (2015-2020)

Table 46. China Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 47. China Key Players Freight forwarding Market Share (2019-2020)

Table 48. China Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 49. China Freight forwarding Market Share by Type (2015-2020)

Table 50. China Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 51. China Freight forwarding Market Share by Application (2015-2020)

Table 52. Japan Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 53. Japan Key Players Freight forwarding Market Share (2019-2020)

Table 54. Japan Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 55. Japan Freight forwarding Market Share by Type (2015-2020)

Table 56. Japan Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 57. Japan Freight forwarding Market Share by Application (2015-2020)

Table 58. Southeast Asia Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 59. Southeast Asia Key Players Freight forwarding Market Share (2019-2020)

Table 60. Southeast Asia Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 61. Southeast Asia Freight forwarding Market Share by Type (2015-2020)

Table 62. Southeast Asia Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 63. Southeast Asia Freight forwarding Market Share by Application (2015-2020)

Table 64. India Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 65. India Key Players Freight forwarding Market Share (2019-2020)

Table 66. India Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 67. India Freight forwarding Market Share by Type (2015-2020)

Table 68. India Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 69. India Freight forwarding Market Share by Application (2015-2020)

Table 70. Central & South America Key Players Freight forwarding Revenue (2019-2020) (Million US$)

Table 71. Central & South America Key Players Freight forwarding Market Share (2019-2020)

Table 72. Central & South America Freight forwarding Market Size by Type (2015-2020) (Million US$)

Table 73. Central & South America Freight forwarding Market Share by Type (2015-2020)

Table 74. Central & South America Freight forwarding Market Size by Application (2015-2020) (Million US$)

Table 75. Central & South America Freight forwarding Market Share by Application (2015-2020)

Table 76. C.H. Robinson Worldwide Company Details

Table 77. C.H. Robinson Worldwide Business Overview

Table 78. C.H. Robinson Worldwide Product

Table 79. C.H. Robinson Worldwide Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 80. C.H. Robinson Worldwide Recent Development

Table 81. CJ Korea Express Company Details

Table 82. CJ Korea Express Business Overview

Table 83. CJ Korea Express Product

Table 84. CJ Korea Express Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 85. CJ Korea Express Recent Development

Table 86. DACHSER Company Details

Table 87. DACHSER Business Overview

Table 88. DACHSER Product

Table 89. DACHSER Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 90. DACHSER Recent Development

Table 91. Dimerco Company Details

Table 92. Dimerco Business Overview

Table 93. Dimerco Product

Table 94. Dimerco Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 95. Dimerco Recent Development

Table 96. DSV Company Details

Table 97. DSV Business Overview

Table 98. DSV Product

Table 99. DSV Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 100. DSV Recent Development

Table 101. Expeditors International Company Details

Table 102. Expeditors International Business Overview

Table 103. Expeditors International Product

Table 104. Expeditors International Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 105. Expeditors International Recent Development

Table 106. GEODIS Company Details

Table 107. GEODIS Business Overview

Table 108. GEODIS Product

Table 109. GEODIS Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 110. GEODIS Recent Development

Table 111. Hellmann Worldwide Logistics Business Overview

Table 112. Hellmann Worldwide Logistics Product

Table 113. Hellmann Worldwide Logistics Company Details

Table 114. Hellmann Worldwide Logistics Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 115. Hellmann Worldwide Logistics Recent Development

Table 116. Deutsche Post DHL Group Company Details

Table 117. Deutsche Post DHL Group Business Overview

Table 118. Deutsche Post DHL Group Product

Table 119. Deutsche Post DHL Group Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 120. Deutsche Post DHL Group Recent Development

Table 121. Kuehne + Nagel Company Details

Table 122. Kuehne + Nagel Business Overview

Table 123. Kuehne + Nagel Product

Table 124. Kuehne + Nagel Revenue in Freight forwarding Business (2015-2020) (Million US$)

Table 125. Kuehne + Nagel Recent Development

Table 126. Research Programs/Design for This Report

Table 127. Key Data Information from Secondary Sources

Table 128. Key Data Information from Primary Sources

List of Figures

Figure 1. Global Freight forwarding Market Share by Type: 2020 VS 2026

Figure 2. Packaging Features

Figure 3. Documentation Features

Figure 4. Transportation and warehousing Features

Figure 5. VAS (Value-added services) Features

Figure 6. Global Freight forwarding Market Share by Application: 2020 VS 2026

Figure 7. SMEs Case Studies

Figure 8. Large Enterprises Case Studies

Figure 9. Freight forwarding Report Years Considered

Figure 10. Global Freight forwarding Market Size YoY Growth 2015-2026 (US$ Million)

Figure 11. Global Freight forwarding Market Share by Regions: 2020 VS 2026

Figure 12. Global Freight forwarding Market Share by Regions (2021-2026)

Figure 13. Porter's Five Forces Analysis

Figure 14. Global Freight forwarding Market Share by Players in 2019

Figure 15. Global Top Freight forwarding Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Freight forwarding as of 2019

Figure 16. The Top 10 and 5 Players Market Share by Freight forwarding Revenue in 2019

Figure 17. North America Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 18. Europe Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 19. China Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 20. Japan Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 21. Southeast Asia Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 22. India Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 23. Central & South America Freight forwarding Market Size YoY Growth (2015-2020) (Million US$)

Figure 24. Bottom-up and Top-down Approaches for This Report

Figure 25. Data Triangulation

Figure 26. Key Executives Interviewed

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