The global freight forwarding report anticipates additional expansion in 2022

According to Transport Intelligence, the global market for freight forwarding surpassed pre-pandemic levels in 2021, but limited capacity and record-high freight prices offer a tough call. Ti estimates the market will expand 5.7 % in 2022, falling to 3.7% by 2026.

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

Among their significant results are:

The overall market is expanded by 11.2% in 2021, the most significant expansion in a decade, and is projected to grow by 5.7% in 2022.

Inflation, the war in Ukraine, and a slowdown in consumer spending contributed to the negative outlook for 2026.

The entry of shipping lines into the acquisition market generates a new industry consolidation driver.

To be the industry game changers, digital forwarders must combine new technology with operational expertise.

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