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Ocean Freight Forwarding Market Share

Report ID: GMI10658
Published Date: Aug 2024
Report Format: PDF

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Ocean Freight Forwarding Market Share

Kuehne + Nagel, DSV A/S, and DHL hold a significant market share of 29% in 2023. Kuehne + Nagel excels in global logistics with a strong focus on integrated supply chain solutions and digital innovation. Its extensive network of offices and warehouses worldwide supports efficient cargo handling, while advanced technology platforms enhance real-time tracking and customer service, positioning it as a leading player in the industry.

DSV A/S leverages a broad range of services, including air, sea, and road freight, to offer comprehensive logistics solutions. Its strategic acquisitions and global expansion efforts strengthen its market presence. By investing in technology and operational efficiency, DSV enhances its service offerings and competitive edge in managing complex supply chains.

Ocean Freight Forwarding Market Companies

Major players operating in the ocean freight forwarding industry are:

Kuehne + Nagel
DHL
DB Schenker
GEODIS
Sinotrans
DSV A/S
Expeditors International

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of ocean freight forwarding reached USD 75.4 billion in 2023 and is set to register over 4% CAGR between 2024 and 2032, owing to the expansion of global trade and commerce.

The full container load segment in the ocean freight forwarding industry accounted for over 53% share in 2023, driven by more efficient logistics operations.

Asia Pacific market held 35% share in 2023, due to the expanding manufacturing base.

Kuehne + Nagel, DHL, DB Schenker, GEODIS, Sinotrans, DSV A/S, and Expeditors International.