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Global Freight Forwarding Report Predicts Continued Growth in 2022

According to Transport Intelligence, the global forwarding market exceeded pre-pandemic levels in 2021, but limited capacity and record-high freight rates present a challenging market. Ti predicts that the market will grow 5.7% in 2022, slowing to 3.7% by 2026.

Their Global Freight Forwarding 2022 report provides an up to date view of the freight forwarding landscape, covering market sizes & growth rates, analysis of digital forwarders & marketplaces, the future for air freight, M&A activity and Top 10 comparative profiles.

Their key findings include:

  1. Total market grew 11.2% 2021, the fastest expansion in a decade and is forecast to grow 5.7% in 2022.
  2. 2026 forecasts are more pessimistic due to inflation, war in Ukraine, and consumer spending slowing down.
  3. Kuehne + Nagel & DSV lead the market having successfully integrated acquisitions in recent years.
  4. The entrance of shipping lines into the acquisition market creates a new driver of industry consolidation.
  5. Digital forwarders must combine smart technology with operational experience to be game changers in the industry.

To obtain a copy of this report, please visit Ti's website.

Article Credit: Transport Intelligence Ltd

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