Global Ocean Freight Forwarding Market Growth (Status and Outlook) 2023-2029

Global Ocean Freight Forwarding Market Growth (Status and Outlook) 2023-2029

Product Code:456165

Published Date: Feb 08,2023

Pages: 124

Region: Global

Category: Service & Software

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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.

LPI (LP Information)' newest research report, the “Ocean Freight Forwarding Industry Forecast” looks at past sales and reviews total world Ocean Freight Forwarding sales in 2022, providing a comprehensive analysis by region and market sector of projected Ocean Freight Forwarding sales for 2023 through 2029. With Ocean Freight Forwarding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ocean Freight Forwarding industry.

This Insight Report provides a comprehensive analysis of the global Ocean Freight Forwarding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ocean Freight Forwarding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ocean Freight Forwarding market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ocean Freight Forwarding and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ocean Freight Forwarding.

The global Ocean Freight Forwarding market size is projected to grow from US$ 127160 million in 2022 to US$ 213410 million in 2029; it is expected to grow at a CAGR of 7.7% from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Ocean Freight Forwarding market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    LCL
    FCL
    Others

Segmentation by application
    Agricultural
    Automotive
    Beverage
    Electronic
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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