Market Share of Freight Forwarding Industry
A blend of global freight forwarding companies, regional, and local players exist in the freight forwarding market. Small and medium-sized local operators with limited fleets and storage space continue to serve the market. The market is dominated by the top 20 players, which account for more than 50% of it. DHL Global Forwarding, DB Schenker, Kuehne + Nagel International AG, DSV, Expeditors International, and other global freight forwarding companies in the freight forwarding market. The players need to embrace technology, become more digital, and increase the scale and efficiency of their operations as the freight forwarder market share continues to grow steadily, and there are numerous opportunities. For businesses, an extensive network across the globe is essential. Acquisitions and mergers in the ASEAN logistics market have become increasingly attractive to international investors. As a result of increased business and trade activities, global logistics companies have been expanding in the ASEAN region.
Freight Forwarding Market Leaders
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Kuehne + Nagel International AG
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DB Schenker
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Bollore Logistics
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DHL Global Forwarding
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Nippon Express Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
