Freight Forwarding, also known as non-vessel operating common carriers, are agents that arrange shipments for industries from manufacturers to the final destination. Forwarders have contracts with shipping line carriers to move cargo. This provides help them offer a secure network of movement of cargo at low prices. They act as supply chain experts and their services include commercial invoicing, warehousing, packaging, documentation, declaration of shippers export, and distribution at the final destination.
Vietnam Freight Forwarding market consists of a number of organized and unorganized players consisting of freight forwarders specializing in land, sea or air transportation, warehouse service providers, companies specializing in cold chain services, courier, express and parcel service providers and total logistics services providers that operate a multimodal transport model. In 2016, Vietnam was ranked 33rd in LPI index which shows that the Vietnam Freight Forwarding Market has a huge potential to grow.
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Top Key Players Covered in Vietnam Freight Forwarding Market:
Agility Logistics, BDP International, C.H. Robinson, CEVA Logistics, DAMCO, DSV, Expeditors International, Geodis, Hellmann Worldwide Logistics, Kerry Logistics etc., Convoy, Flexport, Full Truck Alliance, Freightos, CargoX, Echo Global Logistics, Coyote Logistics, Transfix, Convoy, Cargomatic, Trucker Path, B. Hunt Transport, Cargocentric, Uber Freight, and TGMatrix, PKP Cargo, DSV Group, Kuehne + Nagel, Lotos Kolej Sp. Z o. o.,Yusen Logistics (Polska) Sp. z o.o., DB Schenker, DHL Vietnam, DPD Polska, Rhenus and Raben Group)
The report covers Vietnam freight forwarding market size, market segment by freight mode (land & pipeline freight, water freight and air freight), by international and domestic freight forwarding, by major flow corridors (European countries, Asian Countries, North American countries and rest of the world), by delivery (normal and express), competitive landscape of major players in Vietnam logistics market and Vietnam freight forwarding market future outlook and projections.
Vietnam has become a power for the transport and logistics market. The Vietnam Freight Forwarding Market has shown a strong growth momentum backed by the entry into the EU and the opening of European markets. The Polish freight transport market is expected to be driven by increased industrial activities, growth of the e-commerce industry, increased purchasing power, high demand for food, upcoming infrastructure projects and focused investment of government in the development of the industry. The free trade agreement between Vietnam and other countries, especially in Europe, is expected to create a positive market for the country. Not only European countries, Vietnam is in a push to increase trade flows with countries in other regions as well.
Vietnam Freight Forwarding Market Segment by Type:
Vietnam Freight Forwarding Market Segment by Application:
- Transportation and warehousing
- VAS (Value-added services)
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Key Benefits of Vietnam Freight Forwarding Market:
- This report provides an extensive analysis of the current & emerging market trends and dynamics in the Vietnam Freight Forwarding market.
- Market sizing including 2018 and 5-year CARG growth rates 2019-2027
- In-depth analysis has been carried out by constructing market estimations for key market segments between 2019 and 2027.
- An analysis of modal shift in forwarding
- The report provides a quantitative analysis of the current trends and future estimations from 2019 to 2025, which helps identify prevailing market opportunities.
- Competitive intelligence of the industry helps understand the competitive scenario across geographies.
The research report offers deep dive insights into the Vietnam Freight Forwarding market by scrutinizing different perspectives of business. Additionally, it offers significant trends, current global market development status has been explained for a better understanding of subject matter. Collectively, this analytical report offers effective strategies for shaping the future of businesses by making complex business decisions.
In This Study, The Years Considered To Estimate The Size Of Vietnam Freight Forwarding Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027