Global Freight Forwarding Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Freight Forwarding Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Mode of Transport (Road, Maritime, Rail, and Air), Customer Type (B2B, and B2C), Service (Transportation & Warehousing, Value-added Services, Packaging, and Others), Application (Retail & e-commerce, Healthcare, Food & Beverages, Media & Entertainment, Industrial & Manufacturing, Oil & Gas, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Freight Forwarding Market was valued at USD 211,274.7 million in 2023 and is expected to reach USD 302,761.8 million by 2031 while growing at a CAGR of 4.6% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global freight forwarding market growth. Freight forwarding, a vital service in the global supply chain, involves companies or individuals known as freight forwarders. These intermediaries organize and facilitate the shipment of goods between shippers and various transportation services, including shipping lines, airlines, trucking companies, and railroads.
Increasing globalization and technological advancements drive the growth of the freight forwarding market, while obstacles such as stringent regulatory compliance and security concerns may hinder further market expansion.
Furthermore, the global freight forwarding industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Mode of Transport Analysis
The Global Freight Forwarding Market is segmented among Road, Maritime, Rail, and Air, based on Mode of Transport. In 2023, Road accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Customer Type Analysis
The Global Freight Forwarding Market is segmented among B2B, and B2C, based on Customer Type. In 2023, B2B accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Freight Forwarding Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Kuehne+Nagel, Deutsche Post AG, DB Schenker, Expeditors International of Washington, Inc., CEVA Freight forwarding, DSV, FedEx, Uber Technologies, Inc., United Parcel Service of America, Inc., and NIPPON EXPRESS HOLDINGS.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Freight Forwarding Market Dynamics
Drivers
Restraints
Opportunity
4. Global Freight Forwarding Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Freight Forwarding Market Segmentation, By Mode of Transport
Global Freight Forwarding Market Share Analysis, By Mode of Transport
Global Freight Forwarding Market Growth Analysis, By Mode of Transport
Global Freight Forwarding Market Trends, By Mode of Transport
o Road
o Maritime
o Rail
o Air
6. Global Freight Forwarding Market Segmentation, By Customer Type
Global Freight Forwarding Market Share Analysis, By Customer Type
Global Freight Forwarding Market Growth Analysis, By Customer Type
Global Freight Forwarding Market Trends, By Customer Type
o B2B
o B2C
7. Global Freight Forwarding Market Segmentation, By Service
Global Freight Forwarding Market Share Analysis, By Service
Global Freight Forwarding Market Growth Analysis, By Service
Global Freight Forwarding Market Trends, By Service
o Transportation & Warehousing
o Value-added Services
o Packaging
o Others
8. Global Freight Forwarding Market Segmentation, By Application
Global Freight Forwarding Market Share Analysis, By Application
Global Freight Forwarding Market Growth Analysis, By Application
Global Freight Forwarding Market Trends, By Application
o Retail & e-commerce
o Healthcare
o Food & Beverages
o Media & Entertainment
o Industrial & Manufacturing
o Oil & Gas
o Others
9. Global Freight Forwarding Market Segmentation, By Region
Global Freight Forwarding Market Share Analysis, By Region
Global Freight Forwarding Market Growth Analysis, By Region
Global Freight Forwarding Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
Kuehne+Nagel*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Deutsche Post AG
DB Schenker
Expeditors International of Washington, Inc.
CEVA Freight forwarding
DSV
FedEx
Uber Technologies, Inc.
United Parcel Service of America, Inc.
NIPPON EXPRESS HOLDINGS
*Similar analysis will be provided for each company listed above.
