Sea Freight Forwarding Trends and Forecast
The future of the global sea freight forwarding market looks promising with opportunities in the retail & FMCG, manufacturing, consumer appliance, healthcare, and textile markets. The global sea freight forwarding market is expected to reach an estimated $97.7 billion by 2030 with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increase in the demand for marine cargo transportation, growing international e-commerce, and rising need for environmentally friendly & safe modes of transportation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sea Freight Forwarding by Segment
The study includes a forecast for the global sea freight forwarding by service, end use, and region.
Sea Freight Forwarding Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• Full Container Load
• Less-than Container Load
• Others
Sea Freight Forwarding Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Retail & FMCG
• Manufacturing
• Consumer Appliances
• Healthcare
• Textile
• Others
Sea Freight Forwarding Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sea freight Forwarding Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sea freight forwarding companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sea freight forwarding companies profiled in this report include-
• UPS Supply Chain Solutions
• DB Schenker
• Kuehne + Nagel International
• Expeditors International
• DHL Supply Chain & Global Forwarding
• Nippon Express
• Kerry Logistics
• Bollore Logistics
• Sinotrans Limited
• CEVA Logistics
Sea Freight Forwarding Market Insights
Lucintel forecasts that full container load is expected to witness the higher growth over the forecast as it is more affordable option for sending goods abroad..
Within this market, manufacturing will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization and rising levels of global trade in the region.
Features of the Global Sea Freight Forwarding Market
Market Size Estimates: Sea freight forwarding market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sea freight forwarding market size by service, end use, and region in terms of value ($B).
Regional Analysis: Sea freight forwarding market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different services, end uses, and regions for the sea freight forwarding market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sea freight forwarding market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sea freight forwarding market size?
Answer: The global sea freight forwarding market is expected to reach an estimated $97.7 billion by 2030.
Q2. What is the growth forecast for sea freight forwarding market?
Answer: The global sea freight forwarding market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sea freight forwarding market?
Answer: The major drivers for this market are increase in the demand for marine cargo transportation, growing international e-commerce and rising need for environmentally friendly & safe modes of transportation.
Q4. What are the major segments for sea freight forwarding market?
Answer: The future of the sea freight forwarding market looks promising with opportunities in the retail & FMCG, manufacturing, consumer appliance, healthcare, and textile markets.
Q5. Who are the key sea freight forwarding market companies?
Answer: Some of the key sea freight forwarding companies are as follows:
• UPS Supply Chain Solutions
• DB Schenker
• Kuehne + Nagel International
• Expeditors International
• DHL Supply Chain & Global Forwarding
• Nippon Express
• Kerry Logistics
• Bollore Logistics
• Sinotrans Limited
• CEVA Logistics
Q6. Which sea freight forwarding market segment will be the largest in future?
Answer: Lucintel forecasts that full container load is expected to witness the higher growth over the forecast as it is more affordable option for sending goods abroad..
Q7. In sea freight forwarding market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and rising levels of global trade in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sea freight forwarding market by service (full container load, less-than container load, and others), end use (retail & FMCG, manufacturing, consumer appliances, healthcare, textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sea Freight Forwarding Market, Sea Freight Forwarding Market Size, Sea Freight Forwarding Market Growth, Sea Freight Forwarding Market Analysis, Sea Freight Forwarding Market Report, Sea Freight Forwarding Market Share, Sea Freight Forwarding Market Trends, Sea Freight Forwarding Market Forecast, Sea Freight Forwarding Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.