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Sea Freight Forwarding Market by Service (Full Container Load, Less-than Container Load, and Others), and Application (Agricultural, Automotive, Beverage, Electronic, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
Sea Freight Forwarding Market PPT
Sea Freight Forwarding Market by
Service (Full Container Load,
Less-than Container Load, Others)
and by Application (Agricultural,
Automotive, Beverage, Electronic,
Others): Global Opportunity
Analysis and Industry Forecast,
2023-2032
Sea Freight Forwarding Market by Service
Freight forwarding is a business that organizes shipments for individuals or corporations to
get goods from the manufacturer to a customer or a final point of distribution. Freight
forwarders specialize in lowering costs and facilitating the logistics of transportation.
Moreover, a freight forwarder is responsible for transportation of goods from one
destination to another. Sea freight forwarding market is a method of transporting large
amounts of goods using carrier ships. Goods are packed into containers and then loaded
onto a vessel.
A typical cargo ship can carry around 18,000 containers, which means that sea freight is a
cost-efficient way to transport high quantities over large distances.
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Sea Freight Forwarding Market by Service
Furthermore, sea freight forwarding is mostly done using containers loaded with cargoes
these containers are of two types of full container load (FCL) and less than container load
(LCL). FCL means a single container that is booked by the shipper exclusively for the
transportation of their cargo and the shipper does not have to share the container with
cargo booked by other shippers. Thus, FCL enhances security and simplifies sea freight
logistics management. Whereas in LCL the exporter does not have to book an entire
container because the size of the cargo is small. In addition, smaller shipments are
needed to be sent economically and are less time-sensitive therefore, sent via LCL
container.
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Sea Freight Forwarding Market by Service
The global e-commerce sales jumped to $26.7 trillion in 2019, up by 4% from 2018,
according to the latest available estimates which is expected to grow in the coming
years. Online shopping is one of the most popular online activities worldwide and with
flexible shipping methods both domestic and cross-border e-commerce, is booming in
developing markets such as China, India, and Indonesia. For instance, in China cross-
border e-commerce transactions already account for up to 20 percent of total import
and export trading volumes.
Sea Freight Forwarding Market by Service
Key Benefits
•This study presents the analytical depiction of the sea freight forwarding market along
with the current trends and future estimations to determine the imminent investment
pockets.
• The report presents information related to key drivers, restraints, and opportunities along
with challenges of the sea freight forwarding market.
• The current market is quantitatively analyzed to highlight the sea freight forwarding
market growth scenario.
• The report provides detailed sea freight forwarding market analysis based on competitive
intensity and how the competition will take shape in coming years.
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Sea Freight Forwarding Market by Service
Sea Freight Forwarding Market by Service Key Segments :
By Region
•North America
• U.S.
• Canada
•Europe
• UK
• Germany
• France
• Rest of Europe
• Latin America
• Brazil
• Mexico
• Rest of LATAM
•Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
• Middle East
• Africa
Sea Freight Forwarding Market by Service
Segment Overview
Rise in air freight charges has increased the demand for transportation of cargo through
waterways. Since, transportation of cargo through marines is economical & efficient and
heavy & bulky cargo can be easily transported. Moreover, demand for safe and
environment friendly transportation is increasing the demand for sea freight forwarding.
For instance, according to United Nations Conference on Trade and Development
(UNCTAD), approximately 1.68 billion tons of cargo is transported every year around the
world in 177.6 million containers covering 998 billion tons-miles. Moreover, in 2019 world’s
leading sea freight forwarding company Kuehne + Nagel generated around $28 billion
from its worldwide operations. Thus, the rise in cargo transportation through marines is
expected to drive growth of freight forwarding market.
Sea Freight Forwarding Market by Service
Key players profiled in the report
include
• DHL Supply Chain & Global Forwarding
• Expeditors International
• UPS Supply Chain Solutions
• Nippon Express Co. Ltd
• Kuehne + Nagel International AG
• Kerry Logistics
• Bollore Logistics
• CEVA Logistics
• DB Schenker
• Sinotrans Limited
Sea Freight Forwarding Market by Service
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected]
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