The global sea freight forwarding market size will grow by USD 11.05 billion during 2019-2025.
Sea Freight forwarder is an individual or company that acts as an intermediary and dispatches 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 related activities pertaining to shipments. The rising popularity of blockchain technology in the shipping industry is one of the key factors gaining traction in the market. Blockchain systems are increasingly being used to make the processes more efficient and cut costs by eliminating the need for a central authority for maintaining records.
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Top Key Players:
C.H. Robinson, CEVA Logistics, CJ Logistics, DHL Group, Kuehne + Nagel, DHL Group, Sinotrans, DB Schenker Logistics, GEODIS, Panalpina, DSV, Bolloré Logistics, Expeditors, Dachser, Nippon Express, CEVA Logistics, Pantos Logistics, Agility Logistics, Hellmann, Damco, KWE, Hitachi Transport, UPS Supply Chain, Sankyu, Kerry Logistics, Logwin, CJ Korea Express, Yusen Logistics, NNR Global Logistics, Dimerco, Toll Holdings, and Pilot Freight Services
Emerging countries such as India, Japan, France, and China are the primary targets of the Sea Freight Forwarding market. Increasing demand for the commodities, increasing losses and changing practices and storage technologies are some of the major driving factors for this market. Additionally, restraints are also mentioned to give a clear picture of risks that can limit the growth of the businesses.
The sea freight forwarding market is highly fragmented with several players incorporating blockchain technology to meet the evolving demands of the end-users. There has been a significant increase in the global cross-border e-commerce trade. Such a continuous increase in foreign trade is likely to influence the sea freight forwarding positively. Factors such as the rising purchasing power parity and internet penetration are likely to contribute majorly to the growth of the market.
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Key findings of this research report:
-Detailed elaboration on market dynamics such as drivers, restraints, and opportunities
-It offers extensive research on business profiles of leading industry key players
-It defines, describes and presents projections of the global Sea Freight Forwarding market
-It gives different strategic planning methodologies
-Holistic snapshot of the competitive landscape
Report Consultant concluded, with effective innovation, introduction, and improvement of products and processes. It throws light on effective research in various domains, which helps to give insight into desired solutions. Each and every segment of the Sea Freight Forwarding Market such as drivers, restraints, and opportunities are examined carefully to understand the ups and downs of the businesses.
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