Sea Freight Forwarding Market Report: Trends, Forecast and Competitive Analysis to 2030

Sea Freight Forwarding Trends and Forecast

The future of the global sea freight forwarding market looks promising with opportunities in the retail and FMCG, manufacturing, consumer appliances, healthcare, and textile markets. The global sea freight forwarding market is expected to reach an estimated $110.47 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are expansion of e-commerce, increasing demand for low-cost cargo transportation methods, and rising number of global and domestic trade activities across the globe.

A more than 150-page report is developed to help in your business decisions.

Sea Freight Forwarding by Segment

The study includes a forecast for the global sea freight forwarding by type, service, end use, and region.

Sea Freight Forwarding Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Full Container Load (FCL)
• Less-Than Container Load (LCL)
• Others

Sea Freight Forwarding Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Packaging and Labeling
• Documentation and PO Management
• Charter Services
• Transportation and Warehousing
• Others

Sea Freight Forwarding Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Retail And Fmcg
• Manufacturing
• Consumer Appliances
• Healthcare
• Textile
• Others

Sea Freight Forwarding Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sea Freight Forwarding Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sea freight forwarding companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sea freight forwarding companies profiled in this report include-

• Kuehne + Nagel
• Sinotrans
• DHL
• DB Schenker
• DSV Panalpina

Sea Freight Forwarding Market Insights

Lucintel forecasts that full container load (FCL) is expected to witness the higher growth over the forecast period as it provides more cost-effective way to ship goods internationally.

Within this market, manufacturing will remain the largest segment due to growing need for transportation of large volumes of goods.

APAC will remain the largest region over the forecast period due to rapid industralization, rising international trade volumes, and existence of emerging economies in the region.

Features of the Global Sea Freight Forwarding Market

Market Size Estimates: Sea freight forwarding market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Sea freight forwarding market size by type, service, end use, and region in terms of value ($B).

Regional Analysis: Sea freight forwarding market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, services, end uses, and regions for the sea freight forwarding market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sea freight forwarding market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the sea freight forwarding market size?

Answer: The global sea freight forwarding market is expected to reach an estimated $110.47 billion by 2030.

Q2. What is the growth forecast for sea freight forwarding market?

Answer: The global sea freight forwarding market is expected to grow with a CAGR of 4.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the sea freight forwarding market?

Answer: The major drivers for this market are expansion of e-commerce, increasing demand for low-cost cargo transportation methods, and rising number of global and domestic trade activities across the globe.

Q4. What are the major segments for sea freight forwarding market?

Answer: The future of the sea freight forwarding market looks promising with opportunities in the retail and FMCG, manufacturing, consumer appliances, healthcare, and textile markets.

Q5. Who are the key sea freight forwarding market companies?

Answer: Some of the key sea freight forwarding companies are as follows.

• Kuehne + Nagel
• Sinotrans
• DHL
• DB Schenker
• DSV Panalpina

Q6. Which sea freight forwarding market segment will be the largest in future?

Answer: Lucintel forecasts that full container load (FCL) is expected to witness the higher growth over the forecast period as it provides more cost-effective way to ship goods internationally.

Q7. In sea freight forwarding market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid industralization, rising international trade volumes, and existence of emerging economies in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the sea freight forwarding market by type (full container load (FCL), less-than container load (LCL), and others), service (packaging and labeling, documentation and po management, charter services, transportation and warehousing, and others), end use (retail and FMCG, manufacturing, consumer appliances, healthcare, textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?