By end-use industry, the retail and e-commerce segment is anticipated to exhibit significant growth in the near future.
Surge in international trade, expansion of the e-commerce industry worldwide, and rise in free trade agreements between many nations propel the growth of the global freight forwarding market.โ
โ Allied Market Research
WILMINGTON, NEW CASTLE, DE, UNITED STATES, September 13, 2024 /EINPresswire.com/ — Increase in international trade activities, the expansion of the e-commerce sector across the globe, and surge in the free trade agreements between various countries drive the growth of the global ๐ ๐ซ๐๐ข๐ ๐ก๐ญ ๐๐จ๐ซ๐ฐ๐๐ซ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ. However, strict regulations regarding emission levels hinder the market growth. On the other hand, advancements in technologies and attaining cost cutting & reducing lead time became possible through the adoption of multimodal systems. This, in turn, is estimated to present opportunities during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/2875
The transportation and warehousing segment accounted for a major share in 2021. Transportation & warehousing are the two major functions of logistics. Transportation management is the effective planning and management of logistics operations to maximize use of resources. Transportation management aids in identification of vendor and routing solutions for inbound and outbound orders. Warehousing is defined as the storage of goods, raw materials, semi-finished goods, or finished goods. Warehousing includes functions such as inventory management and order fulfillment. Transportation & warehousing are the two major functions of logistics.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐๐ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐, ๐๐๐ ๐/๐, ๐๐ฑ๐ฉ๐๐๐ข๐ญ๐จ๐ซ๐ฌ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐จ๐ ๐๐๐ฌ๐ก๐ข๐ง๐ ๐ญ๐จ๐ง, ๐๐ง๐., ๐๐๐ , ๐๐ข๐ฆ๐๐ซ๐๐จ, ๐๐จ๐ฅ๐ฅ๐จ๐ซรฉ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐๐ฎ๐ญ๐ฌ๐๐ก๐ ๐๐จ๐ฌ๐ญ ๐๐๐, ๐ ๐๐๐๐ฑ, ๐๐ข๐ฉ๐ฉ๐จ๐ง ๐๐ฑ๐ฉ๐ซ๐๐ฌ๐ฌ ๐๐จ., ๐๐ญ๐., ๐๐๐๐ซ ๐ ๐ซ๐๐ข๐ ๐ก๐ญ ๐๐๐, ๐๐ง๐ข๐ญ๐๐ ๐๐๐ซ๐๐๐ฅ ๐๐๐ซ๐ฏ๐ข๐๐ ๐จ๐ ๐๐ฆ๐๐ซ๐ข๐๐, ๐๐ง๐., ๐๐ฎ๐๐ก๐ง๐+๐๐๐ ๐๐ฅ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐, ๐๐๐ฅ๐ฅ๐ฆ๐๐ง๐ง ๐๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐๐, ๐๐๐ก๐๐ง๐ค๐๐ซ ๐๐๐ฎ๐ญ๐ฌ๐๐ก๐ฅ๐๐ง๐ ๐๐
The growth of the global freight forwarding market is propelling, owing to growth in international trade, expansion of the e-commerce industry worldwide, and rise in free trade agreements between nations.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/e88d3e00db80382e6c25598e6ed746b8
The transportation and warehousing segment accounted for a major share in 2021. Transportation & warehousing are the two major functions of logistics. Transportation management is the effective planning and management of logistics operations to maximize use of resources. Transportation management aids in identification of vendor and routing solutions for inbound and outbound orders. Warehousing is defined as the storage of goods, raw materials, semi-finished goods, or finished goods. Warehousing includes functions such as inventory management and order fulfillment. Transportation & warehousing are the two major functions of logistics. Transportation management is the effective planning and management of logistics operations to maximize use of resources. Transportation management aids in identification of vendor and routing solutions for inbound and outbound orders. Warehousing is defined as the storage of goods, raw materials, semi-finished goods, or finished goods. Warehousing includes functions such as inventory management and order fulfillment.
Based on mode of transport, the sea freight forwarding segment contributed to the highest market share in 2021, accounting for nearly half of the global freight forwarding market, and is expected to maintain its dominant share during the forecast period. This is due to new technological developments such as machine-to-machine (M2M) communication and focus on reducing carbon footprints. However, the air freight forwarding segment is projected to manifest the fastest CAGR of 5.2% from 2022 to 2031. This is attributed to increase in offering of multi-modal services and rise in express-parcel deliveries worldwide.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Based on region, Asia-Pacific contributed to the highest market share in 2021, accounting for nearly two-fifths of the global freight forwarding market, and is estimated to maintain its dominance by 2031. This is attributed to surge in the e-commerce industry in emerging economies and supportive initiatives for the development of logistics infrastructure. However, North America is projected to manifest the largest CAGR of 5.0% during the forecast period. This is due to technological advancements that led to digitalization and the presence of leading players.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/2875
However, stringent emission regulations restrain growth of the freight forwarding industry. Furthermore, increase in technological advancements, cost cutting and lead time reduction due to adoption of multi-modal system are the factors expected to offer growth opportunities during the forecast period.
