Digital freight forwarding is an Internet-based platform that provides end-to-end freight services for shippers and carriers. This platform simplifies and improves the efficiency of freight management by integrating data, automating processes, and providing real-time visibility. It utilizes technologies such as artificial intelligence, machine learning, and blockchain to provide customized solutions and enhanced decision support. The rise of digital freight forwarding platforms is consistent with the trend of global supply chain digital transformation, representing an important development direction of the freight forwarding industry.
Analysis of Market Driving Factors
The rise of e-commerce: The rapid development of e-commerce has brought tremendous growth momentum to the global digital freight forwarding market. More and more consumers are choosing online shopping, which has driven the prosperity of cross-border trade and further promoted the development of the digital freight forwarding market.
The promotion of global trade: With the continuous growth of global trade, trade exchanges between countries are becoming increasingly frequent. As a bridge connecting global trade, the market demand for digital freight forwarding has also increased.
The application of digital technology: The widespread application of digital technology has brought revolutionary changes to the digital freight forwarding market. Through the application of technologies such as big data, artificial intelligence, and the Internet of Things, digital freight forwarding enterprises can process orders more efficiently, optimize transportation routes, reduce operating costs, and improve market competitiveness.
Overview of Market Development
The global digital freight forwarding market, as an important component of the logistics industry, is gradually becoming a key link connecting global trade. With the rapid development of e-commerce, the sustained growth of global trade, and the widespread application of digital technology, the digital freight forwarding market has shown a strong growth momentum.
According to our research data, the global digital freight forwarding market is estimated to reach $17.13 billion in 2024, an increase of 42.45% compared to 2023. By 2029, the market size is expected to continue to increase to $81.11 billion, with an estimated compound annual growth rate of 36.48% from 2024 to 2029.
Global Digital Freight Forwarding Market Size and Market Share by Region Forecast
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, digital freight forwarding can usually be divided into several categories based on different vehicles and methods, including road freight forwarding, sea freight forwarding, air freight forwarding, and railway freight forwarding. Among them, the seaway freight forwarding sub-segment market occupies a dominant position, and the market share is expected to reach 59.86% in 2024.
From the perspective of downstream applications, digital freight forwarding is widely used in many fields such as machinery, electronic equipment, automobiles, chemicals, precious metals, textiles, as well as food and beverage. Among them, the chemical industry is the largest downstream application market, with an estimated application share of 15.81% in 2024.
Global Digital Freight Forwarding Segment Market Size and Market Share
Forecast in 2024
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|
Market Size (Million USD)
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Market Share
|
|
Segmented by Type
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|
Roadway Freight Forwarding
|
673
|
3.93%
|
|
Seaway Freight Forwarding
|
10254
|
59.86%
|
|
Airway Freight Forwarding
|
5813
|
33.93%
|
|
Railway Freight Forwarding
|
390
|
2.28%
|
|
Segmented by Application
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Machinery
|
2616
|
9.43%
|
|
Electronic Equipment
|
2423
|
14.14%
|
|
Automobiles
|
2578
|
15.05%
|
|
Chemicals
|
2708
|
15.81%
|
|
Precious Metals
|
1235
|
7.21%
|
|
Textiles
|
1192
|
6.96%
|
|
Food & Beverage
|
1655
|
9.66%
|
|
Others
|
3724
|
21.74%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "China Cosmeceuticals Industry Market Research Report 2023-2029".
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