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Freight Forwarding Market is outweighed by heavy investments in the shipping industry amidst growing to develop economy

global freight forwarding market

#3200,SEATTLE, WASHINGTION , UNITED STATES, February 23, 2022 /EINPresswire.com/ -- The global freight forwarding market was valued at US$ 204.6 Bn in 2019 and is expected to reach US$ 277.5 Bn by 2028 at a CAGR of 5.0% between 2021 and 2028.

Overview:
Freight forwarding is a service that coordinates the shipment from the point of manufacture to the point of distribution or final destination. A freight forwarder, also known as a forwarding agent, is a non-vessel operating common carrier. It coordinates transportation from the producer to the market and from the customer to the final point of distribution. A freight forwarding service will coordinate the transport of goods, which will take place through a single carrier or multiple carriers. It can be done via air, sea, rail, or highway. While the service has evolved over the years, the basic premise of freight forwarding is the same everywhere: coordinate the movement of goods from one point to another.


๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฎ ๐—ฃ๐——๐—™ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:
https://www.coherentmarketinsights.com/insight/request-pdf/4464


Drivers:

Growing maritime trade amidst increasing trade deals among developed economies is expected to foster growth of the freight forwarding market throughout the forecast period.

In addition to this, increasing penetration of ports and air cargo for freight transportation is expected to boost growth of the freight forwarding market over the forecast period.

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ ๐˜„๐—ถ๐˜๐—ต ๐—ž๐—ฒ๐˜† ๐—ฃ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€:
โžฉ Agility
โžฉ Bollorรฉ Logistics
โžฉ CEVA Logistics
โžฉ DB Schenker
โžฉ DHL Global Forwarding
โžฉ Dimerco
โžฉ DSV Panalpina A/S
โžฉ Expeditors International
โžฉ Hellmann Worldwide Logistics
โžฉ Kuehne + Nagel International AG
โžฉ MGF (Manitoulin Global Forwarding)
โžฉ Nippon Express Co. Ltd.
โžฉ UPS Supply Chain Solutions


๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ฎ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—•๐—ฟ๐—ผ๐—ฐ๐—ต๐˜‚๐—ฟ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ :
https://www.coherentmarketinsights.com/insight/request-sample/4464


Summary of the COVID-19 Debacle
The emergence of the COVID-19 virus has created a serious dent in the progress of the global freight forwarding market. The pandemic-led delay/suspension of shipments, waterway and airway freight transportation, has significantly affected the prospects of the market. On the plus side, the market is looking more like the somewhat front-loaded forecasted period, which is showing some solid trends such as the adoption of IoT (Internet of Things) technology to clear the logistic backlogs.

Key Takeaways:
โž  The global freight forwarding market is anticipated to grow at a CAGR of XX % during the forecast period owing to the increasing investments in the freight shipping sector amidst growing cross-border trade.

โž  For instance, in December 2021, a logistic service provider, Nuvocargo, raised around US$ 20 million in a series of funding rounds conducted by Tiger Global Management to boost trade between the U.S. and Mexico.

โž  In the cluster of regions, the European region is well-positioned to reign supreme in the global freight forwarding market at the helm of high demand from OEMs (Original Equipment Manufacturers) in Germany, the U.K., and others to export automotive parts.

โž  Also standing out in the global freight forwarding market is the Asia Pacific region, which is driven by a robust rail transportation network, a booming e-commerce industry, and growing import/export activities.


๐—š๐—ฒ๐˜ ๐—˜๐—ป๐—ฎ๐—บ๐—ผ๐—ฟ๐—ผ๐˜‚๐˜€ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ | ๐—™๐—น๐—ฎ๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—จ๐—ฆ๐—— ๐—ข๐—ณ๐—ณ
https://www.coherentmarketinsights.com/promo/buynow/4464


Key Insights of Report:-
The study focuses on the market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other characteristics of the top players in the global Freight Forwarding market. It also illuminates the vendor landscape, allowing attendees to better predict future competitive movements in the global Freight Forwarding business. This study provides a comprehensive overview of market value for the Freight Forwarding industry, including product pricing, demand, gross margin, and supply. The competitive viewpoint part of the study provides a comprehensive overview of the industry's main competitors' market share analysis.

Key Highlights of the Report:-
โœค Market Performance
โœค Market Outlook (2022-2027)
โœค Market Trends
โœค Market Drivers and Success Factors
โœค The Impact of COVID-19 on the Global Market
โœค Value Chain Analysis
โœค Structure of the Global Market
โœค Comprehensive mapping of the competitive landscape


๐—”๐˜€๐—ธ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—˜๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐—ณ๐˜‚๐—น๐—น ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐˜„๐—ถ๐˜๐—ต ๐—ง๐—ข๐—– & ๐—Ÿ๐—ถ๐˜€๐˜ ๐—ผ๐—ณ ๐—™๐—ถ๐—ด๐˜‚๐—ฟ๐—ฒ๐˜€:
https://www.coherentmarketinsights.com/insight/talk-to-analyst/4464


๐‘ป๐’‰๐’‚๐’๐’Œ ๐’š๐’๐’– ๐’‡๐’๐’“ ๐’“๐’†๐’‚๐’…๐’Š๐’๐’ˆ ๐’๐’–๐’“ ๐’“๐’†๐’‘๐’๐’“๐’•. ๐‘ฐ๐’‡ ๐’š๐’๐’– ๐’๐’†๐’†๐’… ๐’”๐’‘๐’†๐’„๐’Š๐’‡๐’Š๐’„ ๐’Š๐’๐’‡๐’๐’“๐’Ž๐’‚๐’•๐’Š๐’๐’ ๐’•๐’‰๐’‚๐’• ๐’Š๐’” ๐’๐’๐’• ๐’„๐’–๐’“๐’“๐’†๐’๐’•๐’๐’š ๐’˜๐’Š๐’•๐’‰๐’Š๐’ ๐’•๐’‰๐’† ๐’”๐’„๐’๐’‘๐’† ๐’๐’‡ ๐’•๐’‰๐’† ๐’“๐’†๐’‘๐’๐’“๐’•, ๐’˜๐’† ๐’˜๐’Š๐’๐’ ๐’‘๐’“๐’๐’—๐’Š๐’…๐’† ๐’Š๐’• ๐’•๐’ ๐’š๐’๐’– ๐’‚๐’” ๐’‚ ๐’‘๐’‚๐’“๐’• ๐’๐’‡ ๐’•๐’‰๐’† ๐’„๐’–๐’”๐’•๐’๐’Ž๐’Š๐’›๐’‚๐’•๐’Š๐’๐’.

Mr. Shah
Coherent Market Insights Pvt. Ltd.
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