Freight Forwarding Market

1. Analysis of Freight Forwarding Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~4.1% During 2024- 2036 and Attain ~USD 308 Billion by 2036 Research Nester’s recent market research analysis on “Freight Forwarding Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global freight forwarding market in terms of market segmentation by mode of transportation, customer type, application, and by region. Expansion of E-commerce Industry to Promote Global Market Share of Freight Forwarding Logistics services are used by the e-commerce sector to monitor and manage the supply chains of online retailers, freeing up their owners to concentrate on marketing and other business-related tasks. Due to its easy accessibility, pleasant shopping experiences, substantial discounts, and offers, e-commerce has become a popular way of purchasing a wide variety of products. Request Report Sample@ https://www.researchnester.com/sample-request-6074 For instance, in 2024, global retail e-commerce sales are estimated to reach more than 6.3 trillion U.S. dollars, and this figure is expected to increase further in the coming years. Therefore, all of these factors have worked together to support the expansion of the e-commerce freight forwarding sector. In addition, the emergence of e-commerce has compelled freight forwarders to embrace digital technology to meet the growing demands of their clientele. To guarantee that clients receive their orders of goods or products on time, they have also begun to deploy

2. artificial intelligence, the Internet of Things, and other technologies. As a result, the worldwide e-commerce sector's rise drives the market for freight forwarding. Some of the major growth factors and challenges that are associated with the growth of the global freight forwarding market are: Growth Drivers: •Growing Focus by Major Key Players to Reduce Carbon Emissions •Surge in Industrialization in Developing Nations Challenges: Adding unpredictability and uncertainty to the cost structures could slow down the expansion of the freight transport sector because of fuel price fluctuations. Transport costs for freight forwarders and their clients are immediately influenced by fuel price changes, which have an impact on profit margins. This may lead to difficulties in budget planning, pricing, and general financing plans. Some other factors such as data privacy concerns and lack of skilled labor force may hinder the growth of the freight forwarding market. By mode of transportation, the global freight forwarding market is segmented into air, road, ocean, and rail. The air segment is expected to hold a share of 26% during the forecast period. Demand for air transport has been significantly boosted by the ongoing globalization of supply chains. The need for prompt and effective transport of cargo is increasing as businesses expand their activities around the world. Air transport has emerged as a preferred option for enterprises dealing with high-value and time-sensitive commodities due to its exceptional speed. In addition, the booming e-commerce sector has played an important role in promoting air freight growth. In particular, online retailers heavily depend on air

3. transportation to satisfy customer expectations for prompt deliveries. This has resulted in heightened utilization of air cargo services, especially for compact parcels and high-demand products. The ability to deliver merchandise swiftly and reliably has evolved into a pivotal competitive advantage within the e-commerce industry. By region, the Europe freight forwarding market is anticipated to gain a share of 18% by the end of 2036. In the area of European freight forwarding intermodal transport has been making important progress. It involves the use of a wide range of transport modes, such as road, rail, sea, and air, to move goods efficiently. For instance, the road transport sector accounted for the majority of Europe's traffic in 2022. In Poland, where more than 385 billion-ton kilometers were transported, the largest volume of freight transport was conducted. It is an attractive option for businesses seeking to optimize their supply chains, as it offers cost savings, reduces environmental impact, and increases overall efficiency in freight transport. Access our detailed report at: https://www.researchnester.com/reports/freight-forwarding-market/6074 This report also provides the existing competitive scenario of some of the key players of the global freight forwarding market which includes company profiling of CEVA Logistics, FedEx Corp., Bollore Logistics, DB Schenker, DHL Global Forwarding, DSV Global Transports and Logistics, Expeditors International, United Parcel Service, Kuehne + Nagel International AG, CJ Logistics Corporation, and others. Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to

4. take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919