The global freight forwarding market is anticipated to grow at a CAGR of 4.5% during the forecast period (2023-2030). The freight forwarding market is driven by the increasing availability of different platforms that are built to deliver freight forwarding services in an effective and efficient manner. For instance, in May 2023, Melbourne, Australia-based Fluent Cargo launched its multimodal technology focused on advising and educating global shippers on their route planning decisions. This site was launched to offer a more transparent, user-friendly solution for small to medium-size shippers and freight forwarders. In the same month Jeena & Co. launched J5; a freight forwarding & custom clearance platform built on a completely modern technology architecture.
Browse the full report description of “Freight Forwarding Market Size, Share & Trends Analysis Report by Customer Type (Business-to-Business (B2B) and Business-to-Customer (B2C)), by Mode of Transport (Air, Ocean, Rail, and Railway), and by Application (Industrial & Manufacturing, Retail, Healthcare, Oil and Gas, Food and Beverages, and Others) Forecast Period (2022-2030)” at https://www.omrglobal.com/industry-reports/freight-forwarding-market
Freightify, a Singapore-based startup wants to make the freight forwarding process as simple as comparing airfare with its vertical SaaS platform. For this, the startup has raised a $12 million Series A led by Sequoia Capital India, with participation from Trail Mix Ventures and Alteria Capital. The round also included returning investors Nordic Eye Venture Capital and Motion Ventures. Freightify is now used by more than 200 freight forwarding companies in 45 countries and says its revenue has tripled over the last year. The company refers to itself as the “Shopify for maritime freight” because it provides white-label rate management and e-booking tools for freight forwarders to set up online stores. The startup’s SaaS platform also provides track and trace solutions to let freight forwarders see the live location of vessels.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Customer Type
o By Mode of Transport
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Kuehne+Nagel International AG, DB Schenker, Bollore Logistics, DHL Global Forwarding, and Nippon Express Co., Ltd. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Freight Forwarding Market Report Segment
By Product Type
By Mode of Transport
By Application
Global Freight Forwarding Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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