Freight Forwarding Market Overview:

The Freight Forwarding Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Freight Forwarding Market, as well as the causes for variances in the industry’s growth in various places

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Freight Forwarding Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Freight Forwarding Market Drivers:

1. Increase in the trade agreements between nations: The trade agreements between countries increases the import and export of goods and services between the countries, which results in driving the Freight Forwarding Market growth. The new free trade deal will erase 90% of tariffs between 15 East Asian and Pacific countries.

The partnership called Regional Comprehensive Economic Partnership (RCEP) brings together 15 East Asian and Pacific countries. Trade between 15 members was worth around US$ 2.3 trillion, and the agreement's tariff concessions may raise exports by US$ 42 billion, inside the newly created alliance.

2. Use of artificial intelligence (AI): When it comes to logistics and supply chain management, artificial intelligence is rapidly evolving. The AI in the logistics and supply chain market is expected to reach US$ 14 Bn by 2029 by growing at a CAGR of 20% through the forecast period. Artificial intelligence (AI) integration has emerged as a crucial topic that is gaining traction in the freight forwarding market. Through automation and real-time data, artificial intelligence helps to save expenses, save time, increase production, and improve accuracy.

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Freight Forwarding Market Segmentation:

by Mode of Transport

Air
Ocean
Rail
Road

by Application

Industrial and Manufacturing
Retail
Healthcare
Media and Entertainment
Military
Oil and Gas
Food and Beverages
Others

by Customer Type

B2B
B2C

by Service

Transportation and Warehousing
Packaging and Documentation
Insurance
Value-Added Services

Freight Forwarding Market Key Players: The key players are

1. Agility
2. Bolloré Logistics
3. CEVA Logistics
4. Sinotrans India Private Limited
5. DB Schenker
6. DHL Global Forwarding
7. Imerco
8. Dachser
9. DSV Panalpina A/S
10. Expeditors International
11. Hellmann Worldwide Logistics
12. Kuehne + Nagel International AG
13. MGF (Manitoulin Global Forwarding)
14. Nippon Express Co.
15. UPS Supply Chain Solutions

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Freight Forwarding Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Freight Forwarding Market Report are:

1] What segments are covered in the Global Freight Forwarding Market report?
Ans. The segments covered in the Freight Forwarding Market report are based on Mode of Transport, Customer Type, Application, and Service.

2] Which region is expected to hold the highest share in the Global Freight Forwarding Market?
Ans. The North America region is expected to hold the highest share in the Freight Forwarding Market.

3] What is the market size of the Global Freight Forwarding Market by 2030?
Ans. The market size of the Freight Forwarding Market by 2030 is expected to reach US$ 243.19 Bn.

4] What is the forecast period for the Global Freight Forwarding Market?
Ans. The forecast period for the Freight Forwarding Market is 2024-2030

5] What was the market size of the Global Freight Forwarding Market in 2023?
Ans. The market size of the Freight Forwarding Market in 2023 was valued at US$ 192.44 Bn.

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