Freight Forwarding 2024
Freight Forwarding 2024
The Global Freight Forwarding 2024 Report shows the global freight forwarding market continues to normalise, with demand for air and sea freight forwarding services remaining soft.
Challenges arising from a global economic downturn, shifts in consumer behaviour, and an oversupply surpassing demand have led the global freight forwarding market to contract by 1.3% in real terms (holding prices and exchange rates constant) in 2023. Global Freight Forwarding 2024 contains unrivalled insight into the state of the freight forwarding market in 2024 and out to 2028. The report contains bespoke market size, growth rates, 5 year ahead forecasts and analysis of 2024 State of Logistics Forwarding survey. Use the report to keep ahead of market trends, develop your digitisation strategy, and understand the growth trajectory of key markets and potential emerging markets amidst challenging market conditions. This report contains:
Extensive analysis of the State of Logistics Survey 2024 - Air & Sea Freight Forwarding Evaluation of Asset Light Freight Forwarding Technology The structure of the semiconductor supply chain and its logistics Global freight forwarding market size & forecasting 2023-2028 - split by region, air & sea freight Competitive landscape analysis - comparison of global forwarders In depth global freight forwarding provider profiles covering volumes, strategic outlook, finances and technologies
Key Questions:
How are regional markets performing in 2024? Which regions will grow the fastest out to 2028? What are the three most important challenges currently affecting the global freight forwarding industry? How is semiconductor demand impacting air freight growth? Will a return to normal market conditions result in the withdrawal of some freighter capacity? Who are the top 20 freight forwarders by market share and revenues? Will conventional freight forwarders lose volume share to other parties?
Key Findings:
Global market contracted 1.3% in 2023 and will expand slightly in 2024. Data shows that the total the global freight forwarding market will see a real CAGR of 3.3% over the five years to 2028. 91% of freight forwarders are experiencing increased pressure on margins. Profits and revenues fall ‘back-to-earth’ in 2023 as market returns to ‘normal’. Asia Pacific experienced the third-largest market contraction compared to other regions, but remains the largest region. All of the top 20 forwarders saw revenue declines in 2023.
This Report is Perfect For:
Supply chain managers and directors Logistics procurement managers Global manufacturers Banks and financial institutions Marketing managers Knowledge managers Investors All C-level executives