FREIGHT FORWARDING MARKET ANALYSIS

Freight Forwarding Market, By Mode of Transport (Air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, and Rail Freight Forwarding), By Services (Transportation & Warehousing, Packaging & Documentation, Insurance, and Value-added Services), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2024
Code : CMI4464
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Market Challenge: Disintermediation Through Technology

Technological advancements have empowered shippers to bypass traditional freight forwarders and manage their own logistics and transportation online. This trend towards disintermediation threatens the traditional business model of freight forwarders, who must now adapt by integrating advanced digital solutions to stay competitive.

Market Opportunities: Growth of E-commerce and the Need for Enhanced Logistics Support

The boom in e-commerce has increased the volumes of smaller parcels and non-bulk shipments, demanding additional logistics support. Outsourcing of transportation and warehousing functions continues to rise as manufacturers seek flexibility. Furthermore, the market remains highly fragmented, allowing larger players to gain share through additional mergers and acquisitions.