MUMBAI, India, April 18, 2018 (GLOBE NEWSWIRE) -- Freight forwarding is done by freight forwarders who are the intermediate representatives and organize the economical, safe and efficient transportation and storage of goods for several industries, especially from manufacturers to the end user or the final place of distribution. Freight forwarders have continuing contracts with airline carriers, shippers as well as rail and road operators for the transportation of cargo.
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Market Dynamics
Disintermediation, especially from cloud-based services is improbable, although the technology is anticipated to become increasingly popular for freight forwarders operating across the globe which is anticipated to drive the global market. Moreover, a cooperative supply chain network, further driven by technology and computer software is projected to bring impetus in the enhancement of overall freight forwarding industry over the forecast period. Also, acquisitions and mergers in the global freight forwarding industry have disturbed the sea and air freight positions. Furthermore, owing to the lesser demands in global market, various companies are focusing on enhancing their profitability rather than growth of product portfolio. This is further established via investments in technology and software, rationalization as well as focus on high capital agreement opportunities.
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Market Classification
The global freight forwarding market can be segmented on the basis of shipping mode and geography. On the basis of shipping mode, the global freight forwarding market can be segmented into ships, aircraft, trucks, and railroads. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.
Report Coverage
Analysis Period: 2015 - 2026
Historic Data: 2015 – 2016
Base Year: 2017
Forecast Data: 2018 – 2026
Market Stratification: Shipping Mode and Geography
Regional Scope: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage: Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
Market Participants
Some of the major players in the global freight forwarding market include Agility Global Integrated Logistics, BDP International, C.H. Robinson, CEVA Logistics, DAMCO, DSV, Expeditors International, Geodis, Hellmann Worldwide Logistics and Kerry Logistics among others.
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Market Segmentation
Market By Shipping Mode
o Ships
o Aircraft
o Trucks
o Railroads
Market By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Latin America
o Brazil
o Chile
o Rest of Latin America
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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