Digital Freight Forwarding Market Growth, Size, Trends, Share, Revenue and Future Outlook
Digital Freight Forwarding Market Size- By Mode of Transport, By Function, By Vertical, By Deployment Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AMIN2475 | Pages: 1 - 227 | Formats*: |
| Category : Automotive & Transportation | |||
Digital Freight Forwarding Market Introduction and Overview
According to SPER Market Research, the Global Digital Freight Forwarding Market is estimated to reach USD 42.97 billion by 2033 with a CAGR of 23.31%.
The report includes an in-depth analysis of the Global Digital Freight Forwarding Market, including market size and trends, product mix, applications, and supplier analysis. A digital freight forwarder makes use of digital tools to speed up shipment status updates and enable effective communication. Digital freight forwarders compare shippers and provide their clients the best value using a transparent system. The goal is to reduce the quantity of paper work by creating, uploading, and sharing all documents online and making them immediately accessible to all stakeholders. Two major factors propelling the global digital freight forwarding market's growth are the increase of the e-commerce sector and the rise in free trade agreements. The market's growth was hindered by inadequate infrastructure, rising logistical costs, and stringent air freight regulations.
- May 2021: Apex International Corporation was acquired by Switzerland-based logistics and transportation company. Kuehne+Nagel in May 2021 for an unknown amount. Through this partnership, Apex and Kuehne+Nagel focus on providing their customers with a robust offering in the competitive Asian logistics industry, specifically in the areas of e-mobility, hi-tech, and e-commerce fulfilment. Apex International Corporation is a Chinese logistics firm that specializes in products forwarding.
- July 2020: Global Internet of Things (IoT) solutions provider ORBCOMM Inc. unveiled its next-generation analytics and reporting platform in July 2020. With improved features like dynamic user interfaces and deep data insights, the platform gives users a unified view of all the transportation asset types they own with just one sign-on.
Market Opportunities and Challenges
Self-driving cars have been more significant in the logistics sector over the past few years. But the next big step for the sector may be to use self-driving cars in shared and public areas like city streets and highways, which would improve safety and logistics. Self-driving cars promise to unlock new levels of safety, efficiency, and quality in logistics, moving the focus from trucks to last-mile robots. For example, to support each driver's health and safety, digital logistics providers might leverage several driverless technologies like autonomous highway and platooning. Self-driving cars may carry out jobs that have historically required a lot of work, which will enhance indoor and outdoor logistical operations. Numerous businesses are attempting to hasten the adoption of completely autonomous vehicles.
High capital expenditures are necessary for the digitalization of logistics operations, which also entails the costly installation of automation software, hardware, and solutions. The expense of replacing current procedures is high. One other problem impeding the growth of the digital logistics market is the slow adoption brought on by the different protocols, complicated integrations of multiple IoT platforms, and a vast number of APIs. The slow adoption of digital logistics solutions might be attributed to firms' unwillingness to switch from manual processes to digitalized ones that require significant financial reinvestment. The majority of businesses approach new digital technologies with a lax attitude and rely more on their gut feeling than on implementing digital technologies to help them make wise business decisions.
Market Competitive Landscape
There are numerous companies in the fiercely competitive and highly fragmented digital freight forwarding market. Compared to marketplaces and connectivity providers, digital freight forwarders (DFFs) provide a wider range of logistics services through the use of a digital platform. The smooth user experience of moving items from one location to another while compiling data on a single platform with a single user interface is the foundation of DFFs' fundamental value proposition. Some of the Key Players are Deutsche Post DHL Group, Descartes Kontainers, Flexport Inc., Forto GmbH, Icontainers, Kuehne+Nagel International AG, Turvo Inc., Twill, Transporteca, Uber Freight LLC.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Mode of Transport, By Function, By Vertical, By Deployment Mode |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Deutsche Post DHL Group, Descartes Kontainers, Flexport Inc., Forto GmbH, Icontainers, Kuehne+Nagel International AG, Turvo Inc., Twill, Transporteca, Uber Freight LLC. |
COVID-19 Impact on Global Digital Freight Forwarding Market
The influence of the COVID-19 pandemic on the digital freight forwarding sector is subject to fluctuations and is anticipated to last until the second quarter of 2021. Global logistics activity saw a sharp fall as a result of the COVID-19 outbreak forcing governments to enact stringent lockdown measures that included the cancelation of flights and the outlawing of e-commerce. The COVID-19 pandemic's negative effects caused significant supply and demand problems as well as protracted delays in the global operations of digital freight forwarding.
Key Target Audience:
- Automobile Manufacturers
- Aftermarket Retailers and Distributors
- Fleet Management Companies
- Luxury Car Owners and Enthusiasts
- Safety-Conscious Customers
- Drivers in Regions With Harsh Weather Condition
- Commercial Vehicle Owners
- Insurance Companies
Our in-depth analysis of the Digital Freight Forwarding Market includes the following segments:
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| By Function: |
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Key Topics Covered in the Report:
- Global Digital Freight Forwarding Market Size (FY’2024-FY’2033)
- Overview of Global Digital Freight Forwarding Market
- Segmentation of Global Digital Freight Forwarding Market By Mode of Transport (Land, Air, Sea)
- Segmentation of Global Digital Freight Forwarding Market By Function(Warehouse Management, Transportation Market )
- Segmentation of Global Digital Freight Forwarding Market By Vertical (Retail and E Commerce, Healthcare, Automotive, Manufacturing, Others.)
- Segmentation of Global Digital Freight Forwarding Market By Deployment Mode (Cloud, On Premises)
- Statistical Snap of Global Digital Freight Forwarding Market
- Expansion Analysis of Global Digital Freight Forwarding Market
- Problems and Obstacles in Global Digital Freight Forwarding Market
- Competitive Landscape in the Global Digital Freight Forwarding Market
- Impact of COVID-19 and Demonetization on Global Digital Freight Forwarding Market
- Details on Current Investment in Global Digital Freight Forwarding Market
- Competitive Analysis of Global Digital Freight Forwarding Market
- Prominent Players in the Global Digital Freight Forwarding Market
- SWOT Analysis of Global Digital Freight Forwarding Market
- Global Digital Freight Forwarding Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Digital Freight Forwarding Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Digital Freight Forwarding Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Digital Freight Forwarding Market
7. Global Digital Freight Forwarding Market, By Mode of Transportation (USD Million)
7.1. Global Digital Freight Forwarding Market Value Share and Forecast, By Mode of Transportation, 2024-20337.2. Land7.3. Sea7.4. Air
8. Global Digital Freight Forwarding Market, By Function (USD Million)
8.1. Global Digital Freight Forwarding Market Value Share and Forecast, By Function, 2024-20338.2. Warehouse Management8.3. Transportation Management
9. Global Digital Freight Forwarding Market, By Vertical (USD Million)
9.1. Global Digital Freight Forwarding Market Value Share and Forecast, By Vertical, 2024-20339.2. Retail and E Commerce9.3. Automotive9.4. Healthcare9.5. Manufacturing
9.6. Others
10. Global Digital Freight Forwarding Market, By Deployment Mode (USD Million)
10.1. Global Digital Freight Forwarding Market Value Share and Forecast, By Deployment Mode, 2024-203310.2. Cloud10.3. On Premises
11. Global Digital Freight Forwarding Market Forecast, 2020-2033 (USD Million)
11.1. Global Digital Freight Forwarding Market Size and Market Share
12. Global Digital Freight Forwarding Market, By Mode of Transportation 2020-2033 (USD Million)
12.1. Global Digital Freight Forwarding Market Size and Market Share By Mode of Transportation (2020-2026)
12.2. Global Digital Freight Forwarding Market Size and Market Share By Mode of Transportation (2027-2033)
13. Global Digital Freight Forwarding Market, By Function 2020-2033 (USD Million)
13.1. Global Digital Freight Forwarding Market Size and Market Share By Function (2020-2026)
13.2. Global Digital Freight Forwarding Market Size and Market Share By Function (2027-2033)
14. Global Digital Freight Forwarding Market, By Vertical, 2020-2033 (USD Million)
14.1. Global Digital Freight Forwarding Market Size and Market Share By Vertical (2020-2026)14.2. Global Digital Freight Forwarding Market Size and Market Share By Vertical (2027-2033)
15. Global Digital Freight Forwarding Market, By Deployment Mode , 2020-2033 (USD Million)
15.1. Global Digital Freight Forwarding Market Size and Market Share By Deployment Mode (2020-2026)15.2. Global Digital Freight Forwarding Market Size and Market Share By Deployment Mode (2027-2033)
16. Global Digital Freight Forwarding Market, By Region, 2020-2033 (USD Million)
16.1. Global Digital Freight Forwarding Market Size and Market Share By Region (2020-2026)16.2. Global Digital Freight Forwarding Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Deutsche Post DHL Group17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Descartes Kontainers17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Flexport,Inc.17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Forto GmbH17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Icontainers17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Kuehne+Nagel International AG17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Turvo Inc.17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Twill17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Transporteca17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Uber Freight LLC17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Digital Freight Forwarding Market is projected to reach USD 42.97 Billion by 2033, growing at a CAGR of 23.31% during the forecast period.
Digital Freight Forwarding Market size from 2022. The Market is expected to reach USD 42.97 Billion by 2033, at a CAGR of 23.31% during the forecast period.
Digital Freight Forwarding Market CAGR of 23.31% during the forecast period.
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Digital Freight Forwarding Market size is 42.97 Billion from 2024 to 2033.
Digital Freight Forwarding Market Segment is covered By Mode of Transport, By Function, By Vertical, By Deployment Mode .
The Automotive & Transportation is anticipated to have the highest market share in the Digital Freight Forwarding Market.
The key players in the market include Companies Covered Deutsche Post DHL Group, Descartes Kontainers, Flexport Inc., Forto GmbH, Icontainers, Kuehne+Nagel International AG, Turvo Inc., Twill, Transporteca, Uber Freight LLC.
Digital freight forwarders compare shippers and provide their clients the best value using a transparent system. The goal is to reduce the quantity of paper work by creating, uploading.
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