Expected to drive market expansion in the near future at a CAGR of 5.45% during the forecast period 2024 to 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 Global Freight Forwarding Market is estimated to register a CAGR of 5.45% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Global Freight Forwarding Market— DHL Supply Chain, Kuehne + Nagel International AG, DB SCHENKER, SINOTRANS Limited, DSV A/S, Expeditors International of Washington, Inc, Nippon Express Co., Ltd, United Parcel Service of America, Inc, Bolloré Logistics, CEVA Logistics, CMA CGM Group, C.H. Robinson Worldwide, Inc., Dachser Group SE & Co. KG, Dimerco, and CJ Logistics Corp.

Market Highlights

The Global Freight Forwarding Market is estimated to register a CAGR of 5.45% during the forecast period and is estimated to reach USD 287,495.6 Million by 2032.

The e-commerce boom has undeniably catalyzed a significant surge in demand for efficient freight forwarding services globally. This surge is propelled by several key factors. Firstly, the increased volume of shipments, driven by the growing trend of consumers turning to online shopping, has placed unprecedented pressure on logistics providers to handle the escalating volume effectively. Additionally, the evolving expectations of consumers for faster delivery times have necessitated agile freight forwarding solutions, prompting businesses to explore various transportation options and optimize routes to meet expedited delivery windows. Moreover, the complexities inherent in cross-border trade, including challenges such as customs clearance and navigating diverse regulations, further underline the indispensability of freight forwarders who possess the expertise to navigate these intricate landscapes seamlessly. Furthermore, the demand for specialized services, ranging from last-mile delivery for time-sensitive products to specific handling requirements for delicate goods, underscores the pivotal role of freight forwarding companies in catering to the diverse and evolving needs of e-commerce businesses. The surge in e-commerce activities translates directly to an increased demand for freight forwarding services, presenting significant growth opportunities for companies operating in the sector. To effectively manage the rising volume and diverse requirements of e-commerce logistics, freight forwarders are increasingly focusing on technology and innovation. This includes leveraging data analytics platforms for real-time tracking, integrating with e-commerce platforms for seamless order fulfillment, and adopting automation tools to enhance efficiency.

In today's interconnected global economy, the efficiency of transportation networks is paramount for businesses aiming to remain competitive and responsive to market demands. Diverse transportation networks, encompassing various modes such as road, rail, sea, and air, play a pivotal role in facilitating the movement of goods across different regions and continents. Within this intricate web of logistics, freight forwarding emerges as a crucial intermediary, orchestrating the seamless transfer of cargo between disparate modes of transport. This essay delves into the significance of diverse transportation networks in maximizing efficiency and explores the opportunities they create for the freight forwarding industry. Diverse transportation networks offer unparalleled flexibility and resilience, enabling businesses to optimize their supply chains and adapt to dynamic market conditions. Each mode of transport possesses distinct advantages and is suited to particular types of cargo, distances, and time constraints. Road transportation, for instance, provides last-mile connectivity and flexibility in reaching remote locations, while rail transport offers cost-effective and environmentally friendly solutions for long-distance haulage. Sea freight remains indispensable for bulk cargo and international trade, leveraging economies of scale and extensive maritime routes. Conversely, air freight stands out for its unparalleled speed and reliability, catering to time-sensitive shipments and urgent deliveries.

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Segment Analysis

The Global Freight Forwarding Market has been segmented based on Delivery Mode, Services, and application.

Based on Delivery Mode, global Freight Forwarding are segmented into Roadways, Airways, Railways, and Seaways. The Roadways dominated the global market in 2023, while Airways are projected to be the fastest–growing segment during the forecast period. The roadways segment growth is further propelled by the escalating demand for efficient and cost-effective transportation solutions, spurred by the surge in international trade and e-commerce activities. Moreover, technological advancements and the integration of digital solutions have notably enhanced operational efficiency and supply chain visibility in the road freight sector.

Based on Services, global Freight Forwarding are segmented into Transportation, Warehousing, Packaging, Documentation, and Other Services. The Transportation segment dominated the global market in 2023 and projected to be the fastest–growing segment during the forecast period. This growth is propelled by factors such as increasing globalization, adoption of advanced technologies like IoT and AI, and the burgeoning e-commerce sector. Major players in this segment, including DHL, Kuehne + Nagel, and DB Schenker, leverage their extensive networks and technological prowess to meet the rising demand for efficient transportation solutions.

Based on Services, global Freight Forwarding are segmented into Transportation, Warehousing, Packaging, Documentation, and Other Services. The Transportation segment dominated the global market in 2023 and projected to be the fastest–growing segment during the forecast period. This growth is propelled by factors such as increasing globalization, adoption of advanced technologies like IoT and AI, and the burgeoning e-commerce sector. Major players in this segment, including DHL, Kuehne + Nagel, and DB Schenker, leverage their extensive networks and technological prowess to meet the rising demand for efficient transportation solutions.

Regional Analysis

The Global Freight Forwarding Market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe Freight Forwarding Market comprises of Germany, France, UK, Spain, Italy, and the rest of Europe. The Global Freight Forwarding Market in Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. The Middle East & Africa Freight Forwarding Market consists of Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. The Global Freight Forwarding Market in South America has been segmented into Brazil, Argentina, and Rest of South America.

The North America Freight Forwarding market accounted for largest market share in 2023. This growth can be attributed to several key factors. Firstly, the region benefits from strong economic growth and robust consumer demand, which have led to increased trade activities. Furthermore, technological advancements in logistics and supply chain management have enhanced efficiency, while the expansion of e-commerce has resulted in higher demand for freight forwarding services. Additionally, ongoing infrastructure investments have improved transportation networks and connectivity, further bolstering the growth of the market. In North America, the freight forwarding industry is dominated by several key players. Expeditors International, renowned for its expertise in global logistics solutions, holds a prominent position alongside C.H. Robinson, known for its innovative transportation and supply chain services. FedEx Trade Networks and United Parcel Service (UPS) also play significant roles, leveraging their extensive networks and advanced technology to facilitate efficient freight movement. DHL Global Forwarding and Kuehne + Nagel are recognized for their comprehensive range of services, while XPO Logistics and DB Schenker offer tailored solutions across various industries. Crowley Logistics and Penske Logistics further contribute to the competitive landscape, providing specialized services in maritime and supply chain management, respectively.

Moreover, Asia Pacific is the second-largest region in the Freight Forwarding Market and expected to exhibit significant CAGR growth during the study period. Expansion of manufacturing activities and global supply chains in the region, coupled with increasing consumption and urbanization, have driven demand for consumer goods and subsequently, logistics services across the region. Moreover, government initiatives promoting trade liberalization and infrastructure development have further fueled the growth of the market. In the Asia-Pacific region, DHL Global Forwarding one of the leading companies across the region in the market with its extensive network and advanced logistics capabilities. Kuehne + Nagel and Nippon Express also hold significant market share, leveraging their expertise in air and ocean freight forwarding. C.H. Robinson and Expeditors International are recognized for their innovative solutions and customer-centric approach. DB Schenker and Yusen Logistics further contribute to the competitive landscape, offering integrated logistics services across various industries. Sinotrans, Kerry Logistics, and Toll Group complete the top players in the Asia-Pacific region, providing reliable and efficient freight forwarding solutions.

Additionally, the Europe Freight Forwarding Market has grown significantly in recent years. This growth is fueled by various factors, including the region's geographic proximity to major markets, which facilitates trade flows within Europe. Moreover, the growth of manufacturing and automotive industries has driven demand for logistics services. Additionally, there's an increasing emphasis on sustainability and environmental regulations, influencing logistics practices. Investment in digitalization and automation has further enhanced supply chain efficiency, contributing to the overall growth of the market. In Europe, DSV Panalpina emerges as a leading player, offering integrated logistics solutions across air, sea, and road transport. Kuehne + Nagel, with its global presence and extensive expertise, holds a prominent position alongside DHL Global Forwarding and DB Schenker, known for their comprehensive freight services. Expeditors International and CEVA Logistics are recognized for their innovative solutions and customer-centric approach. Geodis and Hellmann Worldwide Logistics also feature prominently, providing tailored logistics solutions to meet diverse client needs. UPS Supply Chain Solutions and XPO Logistics round out the top players in Europe, offering efficient and reliable freight forwarding services.

Also, the Freight Forwarding in the MEA region has witnessed sizable growth and promising prospects in recent years. The region's strategic location as a transit hub for trade between Asia, Europe, and Africa has contributed to its growth. Furthermore, growth in industries such as energy, construction, and infrastructure development has increased demand for logistics services. Increasing foreign investment and government initiatives aimed at diversifying economies have also played a role in driving market growth. Additionally, the expansion of ports and logistics infrastructure has supported growing trade volumes. In the Middle East and Africa, Agility Logistics leads the market with its comprehensive logistics solutions and extensive network. DHL Global Forwarding and Kuehne + Nagel also hold significant market share, offering a wide range of freight forwarding services. Panalpina and Bollore Logistics are recognized for their expertise in complex supply chain solutions. CEVA Logistics and Hellmann Worldwide Logistics further contribute to the competitive landscape, providing tailored logistics solutions to meet diverse client needs. Geodis, Expeditors International, and UPS Supply Chain Solutions complete the top players in the Middle East and Africa, offering reliable and efficient freight forwarding services.

Furthermore, the Freight Forwarding Market in South America is anticipated to grow at a substantial rate over the forecast period. The region has witnessed recovery from economic downturns and stabilization of political environments, fostering a favorable business climate. Growth of agricultural exports and mining industries has driven demand for logistics services, while the expansion of e-commerce and retail sectors has boosted freight volumes. Investment in infrastructure projects to improve transportation networks has further contributed to the growth of the market. In South America, DHL Global Forwarding emerges as a key player, offering comprehensive logistics solutions tailored to meet diverse client needs. Kuehne + Nagel and DB Schenker also hold significant market share, leveraging their global networks and expertise in freight forwarding.

Key Findings of the Study

• The Global Freight Forwarding Market is expected to reach USD 287,495.6 Million by 2032, at a CAGR of 5.45% during the forecast period.


• The North America region accounted for the fastest-growing global market due to the strong economic growth and robust consumer demand, which have led to increased trade activities. Furthermore, technological advancements in logistics and supply chain management have enhanced efficiency.


• Based on application, the retail segment was attributed to holding the largest market in 2023.


• DHL Supply Chain, Kuehne + Nagel International AG, DB SCHENKER, SINOTRANS Limited, DSV A/S, Expeditors International of Washington, Inc, Nippon Express Co., Ltd, United Parcel Service of America, Inc, Bolloré Logistics, CEVA Logistics, CMA CGM Group, C.H. Robinson Worldwide, Inc., Dachser Group SE & Co. KG, Dimerco, and CJ Logistics Corp are the key market players.