An ocean freight forwarder is an individual or company that acts as an intermediary and dispatches shipments via common sea carriers and makes all arrangements for those shipments on behalf of its clients. Ocean freight forwarders handle all the logistics needed and performs related activities pertaining to shipments.
Ocean Freight Forwarding Market contains market size and forecasts of Ocean Freight Forwarding in Global, including the following market information:
- Global Ocean Freight Forwarding Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Ocean Freight Forwarding market was valued at 133750 million in 2021 and is projected to reach US$ 215930 million by 2028, at a CAGR of 7.1% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
LCL Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Ocean Freight Forwarding include Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bollor Logistics, Expeditors and Nippon Express, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Ocean Freight Forwarding companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Ocean Freight Forwarding Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Ocean Freight Forwarding Market Segment Percentages, by Type, 2021 (%)
Global Ocean Freight Forwarding Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Ocean Freight Forwarding Market Segment Percentages, by Application, 2021 (%)
- Agricultural
- Automotive
- Beverage
- Electronic
- Others
Global Ocean Freight Forwarding Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Ocean Freight Forwarding Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Ocean Freight Forwarding revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Ocean Freight Forwarding revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Kuehne + Nagel
- DHL Group
- DB Schenker Logistics
- GEODIS
- Panalpina
- DSV
- Bollor Logistics
- Expeditors
- Nippon Express
- CEVA Logistics
- Pantos Logistics
- Agility Logistics
- Hellmann
- Damco
- KWE
- Hitachi Transport
- Sankyu
- Kerry Logistics
- Logwin
- C.H.Robinson
- Yusen Logistics
Industry Market Size
