Freight Forwarding Market is Expected to Reach USD 302.6 billion by 2032

Market Research Future (MRFR) has published a cooked research report on the Global Freight Forwarding Market that contains information from 2018 to 2032. The Freight Forwarding market is estimated to register a CAGR of 4.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Freight Forwarding market— Uber Freight LLC, Kuehne+Nagel International AG, Schenker Deutschland AG, Deutsche Post DHL, FedEx, MGF, Nippon Express Co., Ltd., Expeditors International of Washington, Inc., CEVA Logistics AG, Hellmann Worldwide Logistics.

Freight Forwarding Market Highlights

The global Freight Forwarding market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 302.6 billion by 2032.

The freight forwarding market is marked by significant growth, propelled by globalization of trade, increasing complexity in international supply chains, technological advancements enhancing logistics efficiency, and a growing demand for specialized services to handle diverse cargo types and transportation modes. The market is characterized by a competitive landscape, with companies striving to offer end-to-end solutions, digitalization of freight forwarding processes, and the expansion of services to meet the evolving needs of global trade.

Segment Analysis

The global Freight Forwarding market has been segmented based on service, mode of transportation and customer type.

On the basis of service, the market is segmented into Transportation & Warehousing, Packaging & Documentation and Value-Added Services. The transportation & warehousing segment was attributed to holding the largest market share in 2022, as it provides the essential backbone for the seamless movement of goods across the supply chain.

Based on mode of transportation, the global Freight Forwarding market has been segmented into Land Freight Forwarding, Sea Freight Forwarding and Air Freight Forwarding. The sea freight segment was expected to hold the largest market share in 2022, due to its cost-effectiveness, capacity for handling large volumes of cargo, and its role as a primary mode for international trade.

Based on customer type, the global Freight Forwarding market has been segmented into B2B and B2C. The B2B segment was expected to hold the largest market share in 2022, due to the inherently complex and expansive nature of industrial and commercial supply chains.

Regional Analysis

The global Freight Forwarding market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Freight Forwarding market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Freight Forwarding market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Freight Forwarding market comprises of Middle East, Africa, and Latin America.

The largest market share for Freight Forwarding was maintained by the North American regional sector. This increase is attributed to the region's extensive trade relationships, both within the continent and globally, with a significant volume of goods transported across borders. The advanced logistics infrastructure and technological innovations in supply chain management contribute to the efficiency of freight forwarding services, meeting the demands of a diverse range of industries. Additionally, the strategic geographical location of North America as a gateway for international trade further fuels the growth of market.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Freight Forwarding is driven by the region's robust international trade, extensive logistics infrastructure, and the demand for efficient and seamless transportation solutions within the European Union and with global trading partners.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's robust international trade activities, the rapid expansion of manufacturing and export-oriented industries, and the growing demand for efficient and integrated logistics solutions to navigate complex supply chains across diverse markets. Additionally, the continuous development of e-commerce and cross-border trade contributes to the increasing demand for freight forwarding services in the Asia-Pacific region.

Furthermore, the rest of the world's Freight Forwarding market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's increasing trade activities, infrastructure development, and a growing need for efficient logistics services to support economic expansion and global connectivity.

Key Findings of the Study

• The global Freight Forwarding market is expected to reach USD 302.6 billion by 2032, at a CAGR of 4.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the booming trade activities, rapid industrialization, e-commerce growth, and the increasing need for efficient and reliable logistics solutions.


• Based on service, the transportation & warehousing segment was attributed to holding the largest market in 2022, with an approximate market share of 45–60%.


• Uber Freight LLC, Kuehne+Nagel International AG, Schenker Deutschland AG, Deutsche Post DHL, FedEx, MGF, Nippon Express Co., Ltd., Expeditors International of Washington, Inc., CEVA Logistics AG, Hellmann Worldwide Logistics.

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