Market Size of China Digital Freight Forwarding Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.58 Billion |
| Market Size (2029) | USD 8.37 Billion |
| CAGR (2024 - 2029) | 8.43 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Digital Freight Forwarding Market Analysis
The China Digital Freight Forwarding Market size is estimated at USD 5.58 billion in 2024, and is expected to reach USD 8.37 billion by 2029, at a CAGR of 8.43% during the forecast period (2024-2029).
The China Digital Freight Forwarding Market Analysis focuses on the application of digital technologies to streamline and enhance the traditional freight forwarding process within China. Freight forwarding involves organizing and facilitating the shipment of goods across international borders on behalf of shippers, utilizing ocean, air, rail, or truck transportation modes. By employing online platforms, software, and advanced data analytics, digital freight forwarders in China are modernizing this process, optimizing various facets of shipping.
In recent years, China's digital freight forwarding market has experienced significant growth, driven by e-commerece boom and incresing demand for real-time logistics solutions as mentioned by the Chinese Ministry of Transport in 2023.
According to the Government of China, in 2023, Shanghai, Shenzhen, and Ningbo-Zhoushan led the world as some of the busiest container ports, with Shanghai processing over 36 million TEUs, closely followed by Ningbo-Zhoushan at 35 million TEUs, and Shenzhen surpassing 27 million TEUs. This surge underscores China's economic recovery and its expanding port infrastructure, bolstering both regional and global trade. By September 2023, Chinese ports collectively managed over 230 million TEUs, reflecting a year-on-year uptick of 5.2%. As China's digital freight forwarding market expands, both domestic and international companies are harnessing technology to optimize operations and curtail costs.
China Digital Freight Forwarding Industry Segmentation
Digital freight forwarders use digital tools that help smoothen the flow of communication and quickly get status updates regarding any shipment. Digital freight forwarder employs a completely transparent system that compares various shippers to offer the best deal to the customers. A complete background analysis of the Chinese digital freight forwarding market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.
China's Digital Freight Forwarding Market is segmented by Mode of Transportation (Ocean, Air, Road, and Rail) and Firm Type (SMEs and Large Enterprises, and Governments). The report offers market size and forecasts for the China Digital Freight Forwarding Market in value (USD billion) for above all segments.
| By Mode of Transportation | |
| Ocean | |
| Air | |
| Road | |
| Rail |
| By Firm Type | |
| SMEs | |
| Large Enterprises and Governments |
China Digital Freight Forwarding Market Size Summary
The digital freight forwarding market in China is poised for significant growth, driven by the rapid adoption of digital technologies in response to the challenges posed by the COVID-19 pandemic. The logistics sector in China is increasingly leveraging digital solutions to enhance efficiency and meet the rising demand, supported by government initiatives promoting digital transformation. The country's robust e-commerce sector, which holds a substantial share of the global market, is a key driver of this growth. The demand for improved logistics services, characterized by transparency, speed, and cost-effectiveness, is pushing freight forwarders to digitize their operations. This shift is further fueled by the expansion of air cargo services and the increasing volume of cross-border e-commerce, which necessitate more efficient and technologically advanced logistics solutions.
The competitive landscape of China's digital freight forwarding market is fragmented, with major players like DHL, Flexport, Agility Logistics, and Freightos vying for market share. Recent strategic moves, such as China Southern Airlines' partnership with WebCargo and Agility's merger with iContainers, highlight the industry's focus on integrating digital platforms to enhance service offerings. These developments underscore the market's trajectory towards greater digitalization, aiming to improve service quality and operational efficiency. As the market continues to evolve, the emphasis on digital transformation is expected to drive further growth, positioning China as a leading player in the global digital freight forwarding industry.
China Digital Freight Forwarding Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Value Chain / Supply Chain Analysis
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1.3 Insights on Investment Scenarios
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1.4 Insights on Government Regulations and Initiatives
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1.5 Brief on Technology Development in Online Freight Forwarding and Digital Platforms
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1.6 Overview on E-commerce Logistics and Freight Forwarding in China
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1.7 Impact of Geopolitics and Pandemic on the Market
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2. MARKET SEGMENTATION
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2.1 By Mode of Transportation
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2.1.1 Ocean
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2.1.2 Air
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2.1.3 Road
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2.1.4 Rail
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2.2 By Firm Type
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2.2.1 SMEs
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2.2.2 Large Enterprises and Governments
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China Digital Freight Forwarding Market Size FAQs
How big is the China Digital Freight Forwarding Market?
The China Digital Freight Forwarding Market size is expected to reach USD 5.58 billion in 2024 and grow at a CAGR of 8.43% to reach USD 8.37 billion by 2029.
What is the current China Digital Freight Forwarding Market size?
In 2024, the China Digital Freight Forwarding Market size is expected to reach USD 5.58 billion.
