Industry Background:
The sea freight forwarding is the coordination and shipments of goods from one place to another via a single or multiple carriers via marine. The sea freight forwarding service providers act as an intermediary between the shipper and transportation services, liaising with various carriers to negotiate on price and decide on the most reliable, economical, and fastest route. It saves time as well as potential headache while providing reliable transportation of products at competitive rates. The sea freight forwarding companies specialize in arranging the whole process for their shippers, from the storage to the shipping of their merchandise. The sea freight forwarding services ensure the delivery of undamaged products, by specified dates. And in the event a product breaks during shipping, freight forwarders can furnish clients with insurance services that can compensate them for losses.
According to AMA, the market for Sea Freight Forwarding is expected to register a CAGR of 3.2% during the forecast period to 2026. This growth is primarily driven by The Rising International Trade, Rapid Expansion of the Companies and Favorable Regulatory Policies.
Globally, a noticeable market trend is evident Introduction Of Block Chain In The Shipping Industry
. The Marine Ports & Services sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as C.H. Robinson (United States), CEVA Logistics (Switzerland), CJ Logistics (South Korea), DHL Group (Germany), Kuehne + Nagel (Switzerland), Sinotrans Changhang Group (China), DB Schenker Logistics (Germany), GEODIS (France), Panalpina (Switzerland) and DSV (Denmark) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 17 April 2018, Agility, a prominent international logistics provider, has declared the launch of Shipa Freight, the first fully integrated online freight service that permits users to get rate quotes as well as a book, pay and track ocean shipments around the world.
Market Drivers
- The Rising International Trade
- Rapid Expansion of the Companies
- Favorable Regulatory Policies
Market Trend
- Introduction Of Block Chain In The Shipping Industry
- Increasing Deployment Of Mega-Ships
- Increasing Deployment Of Online Freight Management Platforms
Restraints
- Ocean Volatility & Climate Changes
Opportunities
Emerging Demand From Economies
Challenges
Intense Competition Among the Sea Freight Forwarding Companies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sea Freight Forwarding Study Sheds Light on
The Sea Freight Forwarding Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sea Freight Forwarding industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sea Freight Forwarding industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.