- The key vendors in the Global Freight Forwarding Market 2014-2018 are DB Schenker, Deutsche Post DHL, Kuehne + Nagel International AG and Panalpina Welttransport (Holding) AG.
London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Freight Forwarding Market 2014-2018. One of the major trends affecting the growth of this market is the model shift to the Ocean Freight industry from the Air Freight industry. Ocean freight is utilized by industries that have heavy bulk material to transport. Also, air freight generally involves transportation of light goods. The market is expected to grow at a CAGR of 5.32 percent during the forecast period of 2013-2018.
Freight Forwarders are intermediary agents that organize the safe, economical and efficient storage and transportation of goods for industries from manufacturers to the final point of distribution. They have long-term contracts with shippers, airline carriers, and road and rail freight operators for the movement of cargo.
“As a result of the growing number of industries and favorable economic conditions, developing countries in South Asia are also being targeted by major players for expansion, because the demand for transportation of goods and materials in these countries is rapidly increasing,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, the growth in international trade and rising consumer income in these countries is expected to give a boost to the Global Freight Forwarding market in the coming years.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
