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Global Freight Forwarding Industry Report 2023-2027: Growing Adoption Digital Freight Booking Platforms - Start-Ups See Surge in Funding and Innovation
Research and Markets
6 min read
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Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The "Global Freight Forwarding 2023" report has been added to ResearchAndMarkets.com's offering.

The Global Freight Forwarding 2023 report is your comprehensive source for staying informed about the evolving global forwarding landscape.

This report delves into market growth rates spanning from 2022 to 2027, offering a detailed analysis of findings from the State of Logistics Freight Forwarding survey. Additionally, it provides valuable insights into the digital freight forwarding landscape, along with comparative profiles of key providers and an exploration of the most critical market trends, developments, challenges, and opportunities.

In recent years, the global freight forwarding market faced challenges, contracting by 3.7% in 2022 and projected to shrink further by 3.9% in 2023. However, there's a silver lining on the horizon as the market is expected to embark on a gradual recovery path, with a promising 1.6% compound annual growth rate (CAGR) predicted over the following five years, leading up to 2027.

As we navigate the continuation of significant forces that influenced the world economy in 2022, the report sheds light on the anticipated contraction of 3.9% in the global forwarding market for 2023. For those seeking insights into the future, it addresses key questions such as the market outlook for 2027, regions poised for the fastest growth, and the top 20 freight forwarders based on market share and revenues.

Leverage this report to stay ahead of market trends, craft your digitization strategy, and gain a comprehensive understanding of the growth trajectory in critical markets, including potential emerging markets, even amidst challenging market conditions.

Key Findings:

  • Air freight forwarding is forecast to expand 1.7% out to 2027. Sea freight forwarding will expand 1.6%.

  • The majority of freight forwarders expect to continue seeing air and sea freight volume increases in the next 12 months.

  • De-globalisation will have a negative impact on freight forwarding revenues.

  • Access to technology is the most important challenge currently affecting the global freight forwarding industry.

  • Rising competition and stronger negotiation by clients are the main reasons for the increased pressure on margins.

  • Leveraging technology and offering more value-added serves will be the most successful strategies in pulling back eroding margins in the freight forwarding market.

Key Questions:

  • How are regional markets performing in 2023?

  • Which regions will grow the fastest out to 2027?

  • Which three sectors offer the best prospects for volume growth in air and sea freight?

  • Will conventional freight forwarders lose volume share to other parties?

  • What are the three most important challenges currently affecting the global freight forwarding industry?

  • Who are the leading digital freight forwarders? And what is their core offering?

  • How is semiconductor demand impacting air freight growth?

  • Will a return to normal market conditions result in the withdrawal of some freighter capacity?

  • Who are the top 20 freight forwarders by market share and revenues?

  • What are the technological capabilities of the top 10 freight forwarders, and how do they compare?

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