Industry Background:
Land Freight forwarding is the coordination & shipment of goods from one place to another via a highway. The importance of land freight forwarding around the globe is increasing for assurance that goods flow in a timely as well as proficient manner across borders, and throughout the world. The principles of freight forwarding are based on the efficient as well as cost-effective transfer of goods which are maintained in good condition throughout their travels. To complete this, freight forwarders around the globe become experts in handling the logistics essential to ensure that goods arrive on time. Successful trade & shipping in increasing globalized markets means having the right tools at your disposal. The growing demand for land freight forwarding services around the globe is the factor that impel the global land freight forwarding market growth over the coming years.This growth is primarily driven by Growing trade agreements between nations
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Air Freight & Logistics sector in the
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 Kuehne + Nagel International AG (Switzerland), DHL International GmbH (Germany), DB Schenker Logistics (Germany), GEODIS (France), Panalpina World Transport (Holding) Ltd. (Switzerland), DSV A/S (Denmark), Bolloré Logistics (France), Expeditors International (United States), Pantos Logistics (South Kores), Hitachi Transport System, Ltd. (Japan) and C.H.Robinson (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2024,Gebrüder Weiss, a logistics company, has recently acquired Cargo-Link, a family-owned freight forwarding company based in Salt Lake City, Utah. Cargo-Link specialises in shipping less-than-container load (LCL) and imports from Asia to mid-west-based customers in the U.S. The acquisition is a part of Gebrüder Weiss’s growth plans in North America.
In March 2024,DP World has inaugurated more than 100 freight forwarding offices across the world, marking a significant expansion aimed at supporting customers navigating the complexities of global tradeOne of the key player in the global land freight forwarding market, DB Schenker Logistics (Germany) has announced in November 2018, the launch for first commercial installation of a T-pod (an all-electric, autonomous truck) in partnership with Einride (a Swedish transport company). The T-pod will travel constantly to & from a warehouse, pavement the way for an ecological transition of road freight transportation. This move will help the DB Schenker Logistics to remain competitive in the market over coming f
Influencing Trend:
Increasing numbers & volumes of land transport around the globe
Market Growth Drivers:
Growing trade agreements between nations, High demand for time-definite shipments for perishable products, Increasing demand for integrated services and Technologically advanced freight services
Challenges:
New players with technological ability and innovative agility entering market
Restraints:
Increasing land freight forwarding services price
Opportunities:
The growing trend of intermodal freight transportation
AMA Research follows 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 mainly 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 showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Land Freight Forwarding Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Land Freight Forwarding Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Land Freight Forwarding players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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, Land Freight Forwarding Study Sheds Light on
The Land Freight Forwarding Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Land Freight Forwarding industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Land Freight Forwarding industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.