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Share: ResearchAndMarkets.com s offering. The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share. Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recoverin

United statesUnited kingdomRepublic ofSouth africaUnited arab emiratesSaudi arabiaSouth koreaLaura woodExpeditors internationalOffice hours callNippon express co ltdCompany profilesE st office hours callChain solutionsFreight volume movement statistics for key countriesInternational air transport association