Ocean Freight Forwarding Market Size to Grow by $10.78 Billion | 40% of the market growth is said to come from Europe

The sea freight forwarding market includes the following areas:

Market size for sea freight forwarding
Sea Freight Forwarding Market Forecast
Market analysis for sea freight forwarding

driver and challenge

That growing global cross-border e-commerce market driving LCL volume is one of the key factors driving the growth of ocean freight forwarding market. The global cross-border e-commerce market has been assessed $460 billion in 2017 and is expected to be achieved $1,265 billion during the forecast period. The US and China are the major contributors for the global cross-border e-commerce market. Growing Internet penetration and rising Purchasing Power Parity (PPP) in all regions are contributing to the growth of the cross-border e-commerce market. This growth should have a positive impact on global sea freight volumes. LCL ocean freight shipments are being driven by the increasing number of small parcel shipments. The providers are also planning to expand their service portfolio. Sea transportation is becoming a preferred mode for e-commerce due to developments in infrastructure. In addition, there is an increasing use of intermodal freight transport due to the cost advantages for shippers compared to using a single mode of transport.

Consolidation in the shipping industry leading to high freight costs and operational difficulties will challenge the ocean freight forwarding market over the forecast period. The consolidation push in the shipping industry is expected to continue in the forecast period. Large shipping companies have formed alliances in order to reduce ship overcapacity and the cost of scrapping ships in port. Such consolidations in the shipping industry will result in an oligopolistic market that may result in fewer choices for shippers. This in turn will lead to an increase in freight rates.

Regional Analysis

Europe will account for 40% of the market growth during the forecast period. The growing volume of trade on the European trade routes, increasing container port throughput and increasing number of free trade agreements in the region will drive the growth of the ocean freight forwarding market Europe during the forecast period. Market growth in this region will be faster than market growth in other regions. Germany and UK are the major countries for ocean freight forwarding market Europe.


companies mentioned

  • Agility Public Warehousing Company KSCP
  • CH Robinson Worldwide Inc.
  • CEVA Logistics AG
  • CJ Logistics Corp.
  • Deutsche Bahn AG
  • German Post AG
  • DSV Panalpina A/S
  • Hellmann Worldwide Logistics SE & Co. KG
  • Kuehne + Nagel International AG
  • United Parcel Service Inc.

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Market scope for sea freight forwarding

report coverage

details

page number

120

base year

2019

forecast period

2020-2024

Growth Dynamics & CAGR

Accelerate with a CAGR of 3%

Market growth 2020-2024

$10.78 billion

market structure

fragmented

YoY Growth (%)

1.92

Regional Analysis

Europe, APAC, North America, South America and MEA

make a market contribution

Europe at 40%

Important consumer countries

China, Germany, USA, UK, Canada and Japan

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Agility Public Warehousing Company KSCP, CH Robinson Worldwide Inc., CEVA Logistics AG, CJ Logistics Corp., Deutsche Bahn AG, Deutsche Post AG, DSV Panalpina A/S, Hellmann Worldwide Logistics SE & Co. KG, Kuehne + Nagel International AG, and United Parcel Service Inc.

market dynamics

Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market Condition Analysis for Forecast Period,

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Main topics covered:

summary

market landscape

  • market ecosystem
  • Analysis of the value chain

market size

  • market definition
  • Market Segment Analysis
  • Market size 2019
  • Market Outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Summary of the Five Forces
  • bargaining power of buyers
  • bargaining power of suppliers
  • Threat of new entrants
  • Danger from substitutes
  • threat of rivalry
  • market condition

Market segmentation by service

  • market segments
  • Comparison by service
  • FCL – Market Size and Forecast 2019-2024
  • LCL – Market Size and Forecast 2019-2024
  • Market opportunity through service

customer landscape

geographic landscape

  • Geographic Segmentation
  • Geographical comparison
  • Europe – Market size and forecast 2019-2024
  • APAC – Market Size and Forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market Size and Forecast 2019-2024
  • Important Leading Countries
  • Market Opportunities by Geography
  • market leader
  • market challenges
  • market trends

provider landscape

  • overview
  • disturbance of the landscape

Vendor Analysis

  • providers covered
  • Market positioning of providers
  • Agility Public Warehousing Company KSCP
  • CH Robinson Worldwide Inc.
  • CEVA Logistics AG
  • CJ Logistics Corp.
  • Deutsche Bahn AG
  • German Post AG
  • DSV Panalpina A/S
  • Hellmann Worldwide Logistics SE & Co. KG
  • Kuehne + Nagel International AG
  • United Parcel Service Inc.

attachment

  • scope of the report
  • Currency conversion rates for US$
  • research methodology
  • List of abbreviations

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