How big is the Sea Freight Forwarding Market?

The Sea Freight Forwarding Market size is expected to reach USD 75.21 billion in 2024 and grow at a CAGR of 5.19% to reach USD 96.86 billion by 2029. Read More

What is the current Sea Freight Forwarding Market size?

In 2024, the Sea Freight Forwarding Market size is expected to reach USD 75.21 billion. Read More

Who are the key players in Sea Freight Forwarding Market?

Kuehne + Nagel, Sinotrans, DHL Supply Chain & Global Forwarding , DB Schenker and DSV Panalpina are the major companies operating in the Sea Freight Forwarding Market. Read More

Which is the fastest growing region in Sea Freight Forwarding Market?

Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

What years does this Sea Freight Forwarding Market cover, and what was the market size in 2023?

In 2023, the Sea Freight Forwarding Market size was estimated at USD 71.50 billion. The report covers the Sea Freight Forwarding Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Sea Freight Forwarding Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is the major restraint for the Sea Freight Forwarding Market growth?

The major restraint for the Sea Freight Forwarding Market growth is the high cost of logistics operations and inventory management. Read More

Sea Freight Forwarding Market Analysis | Industry Report, Size & Forecast

Sea Freight Forwarding Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Global Sea Freight Logistics Market Forecast & Industry Trends and it is Segmented by Type (FCL, LCL, and Others) and By Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South America). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

Sea Freight Forwarding Industry Overview

The Sea Freight Forwarding Market is highly competitive and is highly fragmented with the presence of many players. A Sea Freight forwarder is an individual or company that acts as an intermediary and dispatches the shipments via common sea carriers and makes all arrangements for those shipments on behalf of its clients.

Sea Freight forwarders handle all the logistics needed and perform activities pertaining to shipments. With the Ocean freight volumes tripling from 2012 to 2022, the market has seen many new players entering in the last few years.

Some of the existing major players in the market include Kuehne + Nagel, DHL Supply Chain & Global Forwarding, DB Schenker, DSV Panalpina, Sinotrans, Expeditors, Nippon Express, CEVA Logistics, C.H. Robinson, and Kerry Logistics.