The global market for Sea Freight Forwarding was estimated at US$72.8 Billion in 2023, and is projected to reach US$92.8 Billion by 2030, growing at a CAGR of 3.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the sea freight forwarding market is driven by several factors, including the expansion of global trade, the rise of e-commerce, and advancements in digital technology. The continuous growth of international trade, spurred by economic globalization and the interdependence of markets, fuels demand for reliable and cost-effective sea freight services. The e-commerce boom has significantly increased the volume of goods requiring efficient shipping solutions, further boosting the market. Additionally, digital technologies such as blockchain, IoT, and AI are enhancing operational efficiencies, improving security, and reducing costs, thereby driving the adoption of advanced freight forwarding solutions. Regulatory changes aimed at improving the sustainability and security of shipping practices are also shaping the market, pushing companies to innovate and adopt new standards. As these factors converge, the sea freight forwarding market is poised for robust growth, continually adapting to the evolving needs of global commerce and technological advancements.
The growth in the sea freight forwarding market is driven by several factors, including the expansion of global trade, the rise of e-commerce, and advancements in digital technology. The continuous growth of international trade, spurred by economic globalization and the interdependence of markets, fuels demand for reliable and cost-effective sea freight services. The e-commerce boom has significantly increased the volume of goods requiring efficient shipping solutions, further boosting the market. Additionally, digital technologies such as blockchain, IoT, and AI are enhancing operational efficiencies, improving security, and reducing costs, thereby driving the adoption of advanced freight forwarding solutions. Regulatory changes aimed at improving the sustainability and security of shipping practices are also shaping the market, pushing companies to innovate and adopt new standards. As these factors converge, the sea freight forwarding market is poised for robust growth, continually adapting to the evolving needs of global commerce and technological advancements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Less-than Container Load (LCL) segment, which is expected to reach US$56.6 Billion by 2030 with a CAGR of a 3.0%. The Full Container Load (FCL) segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $19.8 Billion in 2023, and China, forecasted to grow at an impressive 6.6% CAGR to reach $19.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Sea Freight Forwarding Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sea Freight Forwarding Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Sea Freight Forwarding Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as C.H. Robinson Worldwide, Inc., CEVA Logistics SA, DB Schenker, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- C.H. Robinson Worldwide, Inc.
- CEVA Logistics SA
- DB Schenker
- DHL International GmbH
- Expeditors International of Washington, Inc.
- Fr. Meyer`s Sohn (GmbH & Co.) KG
- GEODIS SA
- Hellmann Worldwide Logistics SE & Co. KG
- Kerry Logistics Network Limited
- Kintetsu World Express, Inc.
- Kuehne + Nagel International AG
- Mainfreight Ltd.
- Nippon Express Co., Ltd.
- Sinotrans Ltd.
- UPS Supply Chain Solutions, Inc.;
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- C.H. Robinson Worldwide, Inc.
- CEVA Logistics SA
- DB Schenker
- DHL International GmbH
- Expeditors International of Washington, Inc.
- Fr. Meyer`s Sohn (GmbH & Co.) KG
- GEODIS SA
- Hellmann Worldwide Logistics SE & Co. KG
- Kerry Logistics Network Limited
- Kintetsu World Express, Inc.
- Kuehne + Nagel International AG
- Mainfreight Ltd.
- Nippon Express Co., Ltd.
- Sinotrans Ltd.
- UPS Supply Chain Solutions, Inc.;
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 271 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 72.8 Billion |
Forecasted Market Value ( USD | $ 92.8 Billion |
Compound Annual Growth Rate | 3.5% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |