Global Seafreight Forwarding Market to grow at a CAGR of 3.71% during the period 2017 - 2021; Finds New Report

Report forecast the global seafreight forwarding market to grow at a CAGR of 3.71% during the period 2017-2021.

Seafreight forwarders, also known as non-vessel operating common carriers, are intermediary agents that arrange shipments for industries from manufacturers to the final point of distribution. They have long-term contracts with shipping line carriers for the movement of cargo. This enables them to offer secure movement of cargo at low rates. They act as supply chain experts, and their services include commercial invoicing, declaration of shipper's export, packaging, documentation, warehousing, and distribution at a destination.

The report covers the present scenario and the growth prospects of the global seafreight forwarding market for 2017-2021. To calculate the market size, the report considers the the volume of seafreight transported by vendors in the market.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is increase in trade agreements between nations. The global economy recovery has resulted in the increase in trade volumes between countries. The trade barriers have reduced because of the relaxation of government policies, increasing imports and exports between nations. Favorable government trade policies have resulted in a high demand for freight forwarding services.

Further, the report states that one of the major factors hindering the growth of this market is increase in reshoring and nearshoring manufacturing. Manufacturers are reconsidering their offshoring policies. The advantages that drove offshoring, such as low labor and overhead costs, are diminishing rapidly, and companies are shifting toward reshoring and nearshoring. Reshoring is the process of bringing offshore production back to the home country.

Global Seafreight Forwarding Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global seafreight forwarding market: eutsche Post DHL Group, Kuehne + Nagel, DB Schenker, and Sinotrans.

Other Prominent Vendors in the market are: C.H. Robinson Worldwide, CEVA Logistics, CJ Korea Express, DACHSER, Dimerco, DSV, Expeditors International, GEODIS, Hellmann Worldwide Logistics, Hitachi Transport System, Kerry Logistics Network, Logwin, Nippon Express, NNR Global Logistics, Panalpina, Pantos Logistics, Pilot Freight Services, Bolloré Logistics, Toll Holdings, UPS Supply Chain Solutions, and Yusen Logistics.

Market driver

• Increase in trade agreements between nations
• For a full, detailed list, view our report

Market challenge

• Increase in reshoring and nearshoring manufacturing
• For a full, detailed list, view our report

Market trend

• Growing intermodal freight transportation
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 31 Exhibits “Global Seafreight Forwarding Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by service, Geographical segmentation, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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