Global Sea Freight Forwarding Market Delivers Growth Opportunities at 2.5% CAGR During 2018-2025
Albany, NY -- (SBWire) -- 11/14/2018 --Market Research Hub (MRH) has included a new report titled "Global Sea Freight Forwarding Market Size, Status and Forecast 2018-2025", to its wide online database. This assessment talks about the global sea freight forwarding status together with future forecast and growth opportunities expected until 2025. The overall market for sea freight forwarding is analyzed based on the different segments, which are carefully enclosed in this report. According to research findings, the global sea freight forwarding market size in 2017 was recorded to be 66300 million US$. This count is likely to reach 80700 million US$ by the end of the forecast period, with a CAGR of 2.5% by the end of 2025.
Sea freight forwarder is basically an individual or company which functions as an intermediary to dispatch shipments through common sea carriers. This company is also responsible to handle all arrangements associated to those shipments on behalf of their clients. The overall market for sea freight forwarder has increased primarily due to increased trading activities. Geographically, the global sea freight forwarding market is split into North America, China, EU, Japan, Southeast Asia, India and RoW. Among these, the EU region manages to hold the largest share in the global sea freight forwarding market, with its revenue share exceeding 30% in 2017.
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The research starts with the study scope followed by key market segments. This analysis bifurcates the global sea freight forwarding market on the basis of type and application. Based on type, the target market is divided into full-container load (FCL), ess-than container load (LCL) and others. Further, on the basis of application, the global sea freight forwarding market is segregated into automotive, agricultural, electronic, beverage and others. Each of these segments are studied in terms of growth rate and market share for the period between 2013 and 2025.
As the report proceeds, readers are enlightened about the various market players operating in the global sea freight forwarding market. The concerned market is fragmented and delivers revenue statistics related to top twenty-nine players which accounted close to 67% of the overall revenue in 2016. The leading manufacturers included in the report are Kuehne + NagelDHL Group, DHL Group, Sinotrans, GEODIS, DB Schenker Logistics and Panalpina. Among these, Kuehne + Nagel is the largest manufacturer which managed to acquire 13% additional market revenue in 2017. The overall report is a useful data source for new investors and active market players to plan their way for the coming years.
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