IMARC Group has recently released a new research study titled “Sea Freight Forwarding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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.
Sea freight forwarding refers to the process of transporting goods and commodities via sea routes. It involves multiple logistical operations, such as packaging, warehousing, inventory management, and customs clearance, to ensure the secure and efficient transportation of goods from one location to another across the globe. Sea freight forwarders are specialized agencies or entities that facilitate this entire process, acting as intermediaries between exporters, importers, and transportation services. They coordinate and streamline complex processes, adhering to regulatory requirements and providing clients with cost-effective, reliable solutions for large-scale, long-distance freight transport. It caters to various industries such as manufacturing, retail, automotive, electronics, and more. It is an indispensable service for businesses that operate internationally or require the importation and exportation of goods, offering advantages in terms of cost, environmental impact, and scalability.
Sea Freight Forwarding Market Trends and Growth Drivers:
The market is primarily driven by the continuous expansion of international trade. Furthermore, the increasing demand from e-commerce, with its worldwide reach and burgeoning growth, is providing significant impetus to the market. Besides, the advent of advanced digital solutions in freight forwarding is further supporting the market.
Moreover, continual technological advancements have led to enhanced tracking systems, real-time information, automation in paperwork, and improved overall operational efficiency, which offers streamlined processes, increased transparency, and reduced errors, thereby making it an even more attractive option for businesses. This is providing a boost to the market.
Apart from this, the growing emphasis on sustainable business practices also favors sea freight, which is generally seen as a more environmentally friendly alternative to other freight methods.
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
- Hellmann Worldwide Logistics SE & Co. KG
- Kerry Logistics Network Limited
- Kuehne + Nagel, Sinotrans Limited
- United Parcel Service Inc.
- Yusen Logistics Co. Ltd.
Explore Full Report Description At: https://www.imarcgroup.com/sea-freight-forwarding-market
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)
Breakup by Services Insights:
- Packaging and Labeling
- Documentation and PO Management
- Charter Services
- Transportation and Warehousing
- Retail and FMCG
- Consumer Appliances
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=6755&flag=C
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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