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China Digital Freight Forwarding Market 2021 Business Scenario – Flexport, Youtrans, Full Truck Alliance (Manbang group), CS Global, LTL Services Limited, Twill, Shanghai Huihang Jiexun Network Technology Co. Ltd (YunQuna), Agility Logistics Pvt. Ltd

The China Digital Freight Forwarding Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

The China Digital Freight Forwarding Market is expected to grow at a CAGR of around 24% during the forecasted period. Digitization is continuing to be one of the key drivers supporting growth of the Chinese economy. High penetration of mobile commerce has led to large disruption in B2B segment, with market participants being able capture a lion’s share of the market  due to high smartphone penetration and acceptance rate of Chinese large and medium businesses, to carry out businesses online. Success stories such as that of Manbang and Yunquna speak volumes of the success the digital freight forwarding model has achieved.

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The 120 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the China Digital Freight Forwarding Market: Flexport, Youtrans, Full Truck Alliance (Manbang group), CS Global, LTL Services Limited, Twill, Shanghai Huihang Jiexun Network Technology Co. Ltd (YunQuna), Agility Logistics Pvt. Ltd (Shipa Freight), Freightos, China Division , DHL Group, Kuehne + Nagel International AG, NYSHEX, FreightBro, Cogoport and FreightHub.

Market Overview:

Digital transformation driving growth of the market

The digital freight forwarding has witnessed a remarkable growth in the past few years with the digital transformation of the logistics industry. Some of the key advantages such as instant quotes, transparent pricing, comparison of rates and carriers, tracking, easy documentation and others have boosted the growth of these platforms in the recent years.The digital freight forwarding market in China is emerging and the major traditional freight forwarding companies, like Kuehne Nagel, DHL, Sinotrans, and SF Express, are gradually digitizing their services to provide online freight booking, live tracking of shipments, and documentation, among other services. Digitizing the supply chain network offers a new degree of resiliency and responsiveness enabling companies to provide customers with the most efficient and transparent service delivery. It improves the accuracy and adds guaranteed integrated technology to reduce process costs. With reduced costs many manufacturers are moving towards digital logistics hence, the revenue growth in the industry.

Small Freight Forwarders to experience accelerated growth with Digital Freight Forwarding

It is expected that small freight forwarders will see a faster growth, as they become asset light, supported by technology and mainly being able to serve niche segments/industries locations with high demand for exports and imports. Also, the medium sized freight forwarders are expected to stay put in the market  however they are expected to grow at a slower rate, as it will take them more time to adapt from traditional forwarding to digital forwarding. Due to digital abilities and asset light models, supported by supply chain visibility solutions and forward integration of shipping liners  medium sized forwarders are expected to be affected the most. The total freight forwarding market is expected to grow but at a lower rate than digital freight forwarding market. The small freight forwarders market size is expected to grow at a higher growth rate than medium freight over the next few years.

Competitive Landscape

The China Digital Freight Forwarding Market is competitive and is highly fragmented with presence of many players. Digital freight forwarders (DFFs) use a digital platform to offer a broader range of logistics services than marketplaces and connectivity providers. DFFs build their core value proposition around a seamless user experience of shipping goods from one point to another while aggregating information on one platform with a single user interface.

Some of the existing major players in the market include  Flexport, Youtrans, Full Truck Alliance (Manbang group), CS Global, LTL Services Limited, Twill, Shanghai Huihang Jiexun Network Technology Co. Ltd (YunQuna), Agility Logistics Pvt. Ltd (Shipa Freight), Freightos, China Division , DHL Group, Kuehne + Nagel International AG, NYSHEX, FreightBro, Cogoport and FreightHub.

Influence Of The China Digital Freight Forwarding Market Report:

-Comprehensive assessment of all opportunities and risk in the China Digital Freight Forwarding market.

– China Digital Freight Forwarding market recent innovations and major events.

-A detailed study of business strategies for growth of the China Digital Freight Forwarding market-leading players.

-Conclusive study about the growth plot of China Digital Freight Forwarding market for forthcoming years.

-In-depth understanding of China Digital Freight Forwarding market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the China Digital Freight Forwarding market.

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.

Analytical Tools: The China Digital Freight Forwarding Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/10192355397/china-digital-freight-forwarding-market-growth-trends-and-forecasts-2020-2025?Mode=12

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