Precision Business Insights has published a report on the global freight forwarding market, estimating its value at USD 111.1 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/freight-forwarding-market

The market refers to the industry that facilitates the transportation and shipment of goods across different locations, whether domestically or internationally. Freight forwarders act as intermediaries between shippers and carriers, managing logistics, documentation, customs clearance, and supply chain operations to ensure the smooth movement of cargo

The freight forwarding market is driven by several key factors that shape its growth and evolution:

• Globalization & Trade Expansion: Increasing international trade and cross-border commerce fuel the demand for efficient freight forwarding services.
• E-commerce Boom: The rapid rise of online shopping has intensified the need for streamlined logistics and last-mile delivery solutions.
• Technological Advancements: Innovations like AI, blockchain, and cloud computing are transforming freight forwarding operations, enhancing efficiency and transparency.
• Manufacturing Growth: Expanding industrial production and supply chain diversification contribute to the rising demand for freight forwarding.
• Regulatory & Geopolitical Factors: Trade policies, tariffs, and geopolitical shifts influence market dynamics and create new trade corridors.
• Infrastructure Development: Investments in transportation networks, ports, and logistics hubs improve freight movement and efficiency

The global freight forwarding market segmentation:

1) By Service Type: Transportation & Warehousing, Packaging & Documentation, Cargo Insurance, Value-added Services, Others
2) By Mode of Transport: Ocean, Air, Road, Rail

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Regional Overview:

The report also examines the current concerns and their Future Effects on the X market by the region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Agility, Baltic Transline, Bollore Logistics, CEVA Logistics, DB Schenker, DHL, Dimerco, DSV Panalpina A/S, EFL, GEODIS, Hellmann Worldwide Logistics, Kuehne + Nagel International AG, Nippon Express Co., Ltd

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