IMARC Group, a leading market research company, has recently releases report titled “Sea Freight Forwarding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global sea freight forwarding market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the sea freight forwarding market?
The global sea freight forwarding market size reached US$ 78.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 95.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.
What is mean by sea freight forwarding?
Sea freight forwarding represents the physical process of transporting a large number of merchandise goods and commodities by sea. It usually involves the usage of various containers, such as full container load (FCL) and less-than-container load or LCL. Sea freight forwarding is cost-effective and safe for the transportation of hazardous cargo as compared to other modes of transportation. It is environment-friendly, consumes less fuel, reduces carbon emission levels, etc. Sea freight forwarding solutions provide easy shipment of heavy loads over long distances with fewer restrictions and aid in improving security and simplifying sea freight logistics planning, management, and execution. Consequently, they find extensive applications across several sectors, including consumer electronics, automotive, agriculture, textile, healthcare, manufacturing, etc.
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What are the growth prospects and trends in the sea freight forwarding industry?
The rising number of global and domestic trade activities across countries and the growing inclination among businesses towards low-cost cargo transportation methods are primarily driving the sea freight forwarding market. Moreover, the widespread adoption of this service to transport heavy and bulky items in large volumes and ensure safe and fast delivery of cargo is acting as another significant growth-inducing factor. Besides this, the increasing cross-border e-commerce services, on account of the inflating popularity of buying numerous goods online, are also positively influencing the global market.
Additionally, the emerging trend of integrating the Internet of Things (IoT), global positioning system, and Artificial Intelligence (AI) with the sea freight supply chain to facilitate efficient tracking of shipments in real-time is further propelling the market growth. Apart from this, the escalating demand for the transportation of cargo via seaways is expected to bolster the sea freight forwarding market in the coming years.
Sea Freight Forwarding Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global sea freight forwarding market has been studied in the report with the detailed profiles of the key players operating in the market.
Sea Freight Forwarding Key Companies:
- Agility Logistics
- Bolloré Logistcs
- H. Robinson Worldwide Inc.
- CEVA Logistics
- Deutsche Bahn AG
- Deutsche Post AG
- Expeditors International
- Geodis
- Hellmann Worldwide Logistics SE & Co. KG
- Kerry Logistics Network Limited
- Kuehne + Nagel, Sinotrans Limited
- United Parcel Service Inc.
- Yusen Logistics Co. Ltd.
Key Market Segmentation:
The report has segmented the global sea freight forwarding market on the basis of type, services, vertical and region.
Breakup by Type Insights:
- Full Container Load (FCL)
- Less-than Container Load (LCL)
- Others
Breakup by Services Insights:
- Packaging and Labeling
- Documentation and PO Management
- Charter Services
- Transportation and Warehousing
- Others
Vertical Insights:
- Retail and FMCG
- Manufacturing
- Consumer Appliances
- Healthcare
- Textile
- Others
Regional Analysis:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/sea-freight-forwarding-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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