Freight forwarding Market by Service (Packaging, Documentation, Transportation & warehousing and VAS (Value-added services) - Global Opportunity Analysis.
Portland, OR -- (SBWIRE) -- 09/04/2017 -- Freight forwarders, also known as non-vessel operating common carriers, are agents that arrange shipments for industries from manufacturers to the final destination. Forwarders have contracts with shipping line carriers to move cargo. This provides help them offer a secure network of movement of cargo at low prices. They act as supply chain experts and their services include commercial invoicing, warehousing, packaging, documentation, declaration of shippers export, and distribution at the final destination.
The market segmentation is based on service. By service, it is divided into packaging, documentation, transportation & warehousing, and VAS (value-added services). Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key factors that drive the growth of the market are the high demand for low-cost shipping, ability to identify customer's needs, and respond quickly with logistics solutions. Trends such as the high demand for integrated services further propel the market growth. Generally, freight forwarders provide customers with a wide range of integrated services, which not only includes the usual transport of cargo from source to destination, but also a host of other services.
- Transportation and warehousing
Moreover, rise in trade agreements between nations also help increase the market growth. However, increase in reshoring and nearshoring manufacturing hinders the market growth. Irrespective of challenges, the increasing trend of intermodal freight transportation will further boost the market growth in future.
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Prominent players profiled in the report include C.H. Robinson Worldwide, CEVA Logistics, CJ Korea Express, DACHSER, Dimerco, DSV, Expeditors International, GEODIS, Hellmann Worldwide Logistics, Deutsche Post DHL Group, and Kuehne + Nagel International AG.
- North America
o Rest of Asia-Pacific
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