Freight forwarding is the management and shipment of goods from one place to another. A variety of shipping modes can be utilized by a carrier to transfer these goods, such as airplanes, trucks, railroads, ships, and others. When the process involves the use of ships to transfer these shipments, it is known as sea freight forwarding.
MARKET SCOPE
The "Global Sea Freight Forwarding Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sea freight forwarding market with detailed market segmentation by services, verticals, and geography. The report provides key statistics on the market status of the leading sea freight forwarding market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on services, the global Sea freight forwarding market market is segmented into packaging and labeling, documentation and PO management, charter services, transportation and warehousing, others.
- On the basis of verticals, the market is segmented into retail and fmcg, manufacturing, consumer appliances, healthcare, textile, others.
MARKET DYNAMICS
Drivers:
- The growing global cross-border e-commerce market propelling the LCL volume is one of the major factors driving the demand for sea freight forwarding in the forthcoming years.
- Increase in developments in infrastructure and services designed mainly for the e-commerce industry, the sea freight forwarding has appeared as a favored mode among the several end-user industries, this thereby is likely to promote the growth of sea freight forwarding during the forecast period.
Restraints
- Increase in reshoring and nearshoring manufacturing hinders the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sea freight forwarding market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sea freight forwarding market in these regions.
IMPACT OF COVID-19 ON SEA FREIGHT FORWARDING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the sea freight forwarding market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sea freight forwarding market market are anticipated to lucrative growth opportunities in the future with the rising demand for sea freight forwarding market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sea freight forwarding market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CEVA Logistics
- DAMCO
- DB Schenker
- DHL International GmbH
- GEODIS
- Hellmann Worldwide Logistics SE & Co. KG
- Hitachi Transport System, Ltd
- Kuehne+Nagel
- PANTOS Co., Ltd
- YUSEN LOGISTICS CO., LTD
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.