Home > Automotive > Automotive Logistics > Freight Logistics > shipping agency services market
Get a free sample of Shipping Agency Services Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Shipping Agency Services Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Prominent companies operating in the shipping agency services industry are:
Hutchison Ports holds the largest market share due to their global network of ports and terminals is extensive, enabling them to serve as local agents for vessels calling at their facilities and providing a broad spectrum of agency services. Hutchison Ports benefits from vertical integration within the CK Hutchison Holdings conglomerate, offering comprehensive end-to-end services, including terminal management, vessel agency, cargo handling, and logistics solutions.
North America market is expected to record around 5% CAGR from 2023 to 2032, as the region's strong economy, increased consumer demand for imported goods, and the expansion of e-commerce that has fueled international trade.
Cargo agency segment share was around 37% in 2022, due to their pivotal role in facilitating the movement of goods and establishing direct relationships with cargo owners, shippers, and consignees, making them key intermediaries in the supply chain.
The market size of shipping agency services reached USD 338.2 billion in 2022 and is set to record over 6.2% between 2023 and 2032, says this GMI report.
Hutchison Ports, Kuehne + Nagel, PSA International, Cargotec, CEVA Logistics, CMA CGM Group, DHL Global Forwarding, DP World, Expeditors International, and Flexport.