Ocean Freight Forwarding Market worth $106.86 billion by 2030, growing at a CAGR of 5.05% - Exclusive Report by 360iResearch

The "Ocean Freight Forwarding Market by Type (Full Container Load, Less than Container Load), Service (Charter Services, Documentation & PO Management, Packaging & Labeling), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Ocean Freight Forwarding Market to grow from USD 75.64 billion in 2023 to USD 106.86 billion by 2030, at a CAGR of 5.05%.

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Ocean freight forwarding encompasses the range of services provided by logistics companies to facilitate international trade via sea transportation. These services include the booking of cargo space on ships, cargo consolidation, warehousing, cargo insurance, documentation, and customs clearance. Ocean freight forwarding is an essential component of global trade, facilitating the transport of large volumes of goods across continents. Increases in international trade agreements and economic cooperation between countries contribute to the growth of the market. The rising trend of online shopping has led to increased demand for international shipping services, subsequently driving the growth of the market. Expanding investments in port facilities and shipping technologies that improve handling capabilities are driving the market growth. The high cost of navigating the complex web of international trade laws hampers the growth of the ocean freight forwarding market. The growing development of sustainable shipping practices to reduce the carbon footprint of maritime transport and platforms for better tracking and transparency across the entire supply chain is expected to create opportunities for market growth.

In the Americas, the demand for ocean freight forwarding is driven by both imports and exports of goods, inclduing consumer electronics, automotive parts, and commodities. The customer purchasing behavior shows a penchant for reliable and timely deliveries, often with an emphasis on advanced tracking features and cost efficiency. Major ports such as Los Angeles, Long Beach, and New York play a critical role in handling cargo volumes. The EU region exhibits diverse consumer needs influenced by strict regulations, environmental considerations, and a focus on supply chain resilience. Market players emphasize efficiency, integrated logistics services, and digitalization in response to customer expectations. The Middle East has been rapidly growing as a logistics hub due to its strategic location and investment in port infrastructure, including the Jebel Ali Port in Dubai. Africa's ocean freight forwarding market is emerging, with infrastructure developments and increased trade. The customer base is cost-sensitive, requiring economical options without compromising on the transit times. Asia-Pacific, as a major global exporter, contributes significantly to the ocean freight forwarding industry. The Asia-Pacific market demands high efficiency, fast shipping times, and robust logistics networks, reflected in the capabilities of ports such as Shanghai and Shenzhen. There is a trend toward a more digitalized and automated supply chain management approach.

Market Segmentation & Coverage:

This research report categorizes the Ocean Freight Forwarding Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Full Container Load and Less than Container Load. The Less than Container Load is projected to witness significant market share during forecast period.

Based on Service, market is studied across Charter Services, Documentation & PO Management, Packaging & Labeling, and Transportation & Warehousing. The Transportation & Warehousing is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Consumer Appliances, Healthcare, Manufacturing, Oil & Gas, Retail & FMCG, and Textile. The Oil & Gas is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.81% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Ocean Freight Forwarding Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Ocean Freight Forwarding Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Ocean Freight Forwarding Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk, AFM LOGISTICS PVT. LTD., Agility Logistics, Asiana USA, Bolloré Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics SA, China Merchants Group Limited, Crane Worldwide Logistics LLC, DB Schenker, Deutsche Post AG, DSV A/S, Expeditors International of Washington, Inc., Freightos Limited, GEODIS, Hellmann Worldwide Logistics SE & Co. KG, Kerry Logistics Network Limited, Kuehne+Nagel, LOGISTEED, Ltd., LX International Corp, Nippon Express CO., LTD., Ocean-Air Freight Ltd, Sarvam Logistics, United Parcel Service, Inc., and YUSEN LOGISTICS CO., LTD.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Ocean Freight Forwarding Market, by Type
7. Ocean Freight Forwarding Market, by Service
8. Ocean Freight Forwarding Market, by End-User
9. Americas Ocean Freight Forwarding Market
10. Asia-Pacific Ocean Freight Forwarding Market
11. Europe, Middle East & Africa Ocean Freight Forwarding Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Ocean Freight Forwarding Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Ocean Freight Forwarding Market?
3. What is the competitive strategic window for opportunities in the Ocean Freight Forwarding Market?
4. What are the technology trends and regulatory frameworks in the Ocean Freight Forwarding Market?
5. What is the market share of the leading vendors in the Ocean Freight Forwarding Market?
6. What modes and strategic moves are considered suitable for entering the Ocean Freight Forwarding Market?

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