An ocean freight forwarder is an individual or company that acts as an intermediary and dispatches shipments via common sea carriers and makes all arrangements for those shipments on behalf of its clients. Ocean freight forwarders handle all the logistics needed and performs related activities pertaining to shipments.
According to our (Global Info Research) latest study, the global Ocean Freight Forwarding market size was valued at USD 133750 million in 2022 and is forecast to a readjusted size of USD 215930 million by 2029 with a CAGR of 7.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global ocean freight forwarding key players include Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, etc. Global top 4 manufacturers hold a share nearly 20%.
China is the largest market, with a share about 25%, followed by Europe, and North America, both have a share about 40 percent.
In terms of product, LCL is the largest segment, with a share about 55%. And in terms of application, the largest application is electronic, followed by automotive, beverage, agricultural, etc.
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This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Ocean Freight Forwarding market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
LCL
FCL
Others
Market segment by Application
Agricultural
Automotive
Beverage
Electronic
Others
Market segment by players, this report covers
Kuehne + Nagel
DHL Group
DB Schenker Logistics
GEODIS
Panalpina
DSV
Bolloré Logistics
Expeditors
Nippon Express
CEVA Logistics
Pantos Logistics
Agility Logistics
Hellmann
Damco
KWE
Hitachi Transport
Sankyu
Kerry Logistics
Logwin
C.H.Robinson
Yusen Logistics
This report is a detailed and comprehensive analysis for global Ocean Freight Forwarding market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
This report profiles key players in the global Ocean Freight Forwarding market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS and Panalpina, etc.
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