The freight forwarding global market experienced its fasted expansion rate in a decade, growing by 11.2%. 2022 growth is forecast to slow to 5.7% as global conditions shift, and new pressures emerge. Port congestion, sky high freight rates and e-commerce trends provided the perfect environment for impressive freight forwarding growth in 2021, according to the “Global Freight Forwarding 2022” report.
Key points from the report:
- 2021 market sizes & growth rates, 2022 projections & forecasts to 2026 – split by region, air & sea.
- Digital freight forwarding landscape analysis.
- The publisher’s 2022 Digital Freight Forwarding & Global Freight Procurement survey findings.
- Examination of M&A activity within the market.
- Analysis of the state, and future of air freight.
- Comparative profiles of the largest freight forwarding companies.
- Analysis of the present & future of freight forwarding.
Key Findings:
- The global freight forwarding market grew by 11.2% in 2021 and is forecast to grow 5.7% in 2022.
- 2022 growth will be driven by air freight.
- 2026 forecasts are more pessimistic.
- Congestion in the ocean freight market continues to push traditional ocean shippers into the air freight market.
- Ocean freight and port congestion show few signs of improvement.
- Ti’s 2022 Digital Forwarding Survey reveals digital forwarders and booking platforms are used by 81% of surveyed shippers & LSPs.
- To become game-changers, digital forwarders must combine smart technology with operational experience.
- The entrance of shipping lines into the acquisition market has created a new driver of industry consolidation.
For more information about this report visit https://www.researchandmarkets.com/r/i775mf