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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1509226

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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1509226

Freight Forwarding Market, By Mode of Transport, By Services, By Geography

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The freight forwarding market is estimated to be valued at US$ 176.12 billion in 2024 and is expected to reach US$ 245.31 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

Figure 1. Freight Forwarding Market Share (%), By Region, 2024
Freight Forwarding Market - IMG1

The global freight forwarding market refers to the services provided by freight forwarders to facilitate the transportation and logistics of shipments from one destination to another. Freight forwarders manage a complex network of logistics to handle transportation through different modes such as sea, air, road, and rail as per the needs of customers. They take on responsibilities like customs clearance, warehousing, and tracking of shipments during transit. With increasing globalization and outsourcing of manufacturing, the demand for efficient trade logistics has grown, thereby propelling the freight forwarding industry.

Market Dynamics:

The global freight forwarding market is driven by the robust growth in international trade volumes over the past few decades. Lower tariff barriers and emergence of free trade agreements between countries have boosted global commerce. Rising outsourcing and offshoring activities particularly from developed nations has augmented cross-border movement of goods. However, factors like uncertainties arising from global trade policies, supply chain disruptions, and fluctuations in fuel prices pose challenges to stable operations. Meanwhile, opportunities exist in areas such as multimodal transportation, technological upgrades, and expansion into emerging trade corridors.

Key Features of the Study:

This report provides in-depth analysis of the global freight forwarding market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global freight forwarding market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Agility Logistics, Bollore Logistics, CEVA Logistics (a subsidiary of CMA CGM), C.H. Robinson Worldwide Inc., DB Schenker, DHL (part of Deutsche Post AG), DSV, Expeditors International of Washington, Inc., FedEx Corporation, GEODIS, Hellmann Worldwide Logistics, Kerry Logistics Network Limited, Kuehne+Nagel Inc., Maersk, Nippon Express Co., Ltd., Panalpina (part of DSV), Sinotrans Limited, UPS (United Parcel Service of America, Inc.), Yusen Logistics Co., Ltd., and XPO Logistics, Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global freight forwarding market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global freight forwarding market

Detailed Segmentation-

  • By Mode of Transport
    • Air Freight Forwarding
    • Ocean Freight Forwarding
    • Road Freight Forwarding
    • Rail Freight Forwarding
  • By Services
    • Transportation & Warehousing
    • Packaging & Documentation
    • Insurance
    • Value-added Services (Customs Clearance, Transportation Tracking, and Others)
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Key Players Insights
    • Agility Logistics
    • Bollore Logistics
    • CEVA Logistics (a subsidiary of CMA CGM)
    • C.H. Robinson Worldwide Inc.
    • DB Schenker
    • DHL (part of Deutsche Post AG)
    • DSV
    • Expeditors International of Washington, Inc.
    • FedEx Corporation
    • GEODIS
    • Hellmann Worldwide Logistics
    • Kerry Logistics Network Limited
    • Kuehne+Nagel Inc.
    • Maersk
    • Nippon Express Co., Ltd.
    • Panalpina (part of DSV)
    • Sinotrans Limited
    • UPS (United Parcel Service of America, Inc.)
    • Yusen Logistics Co., Ltd.
    • XPO Logistics, Inc.
Product Code: CMI4464

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Mode of Transport
    • Market Snippet, By Services
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Regulatory Scenario
  • Industry Trend
  • Merger and Acquisitions
  • New System Launches/Approvals
  • Impact of COVID-19 Pandemic

4. Global Freight Forwarding Market, By Mode of Transport, 2019-2031 (US$ Billion)

  • Introduction
    • Market Share Analysis, 2024 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020-2031
    • Segment Trends
  • Air Freight Forwarding
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)
  • Ocean Freight Forwarding
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)
  • Road Freight Forwarding
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)
  • Rail Freight Forwarding
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Freight Forwarding Market, By Services, 2019-2031 (US$ Billion)

  • Introduction
    • Market Share Analysis, 2024 and 2031 (%)
    • Y-o-Y Growth Analysis, 2020-2031
    • Segment Trends
  • Transportation & Warehousing
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)
  • Packaging & Documentation
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)
  • Insurance
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)
  • Value-added Services (Customs Clearance, Transportation Tracking, and Others)
    • Introduction
    • Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Freight Forwarding Market, By Region, 2019-2031 (US$ Billion)

  • Introduction
    • Market Share Analysis, By Region, 2024 and 2031 (%)
  • North America
    • Regional Trends
    • Market Size and Forecast, By Mode of Transport, 2019-2031 (US$ Billion)
    • Market Size and Forecast, By Services, 2019-2031 (US$ Billion)
    • Market Share Analysis, By Country, 2024 and 2031 (%)
      • U.S.
      • Canada
  • Europe
    • Regional Trends
    • Market Size and Forecast, By Mode of Transport, 2019-2031 (US$ Billion)
    • Market Size and Forecast, By Services, 2019-2031 (US$ Billion)
    • Market Share Analysis, By Country, 2024 and 2031 (%)
      • U.K.
      • Germany
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Regional Trends
    • Market Size and Forecast, By Mode of Transport, 2019-2031 (US$ Billion)
    • Market Size and Forecast, By Services, 2019-2031 (US$ Billion)
    • Market Share Analysis, By Country, 2024 and 2031 (%)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • Regional Trends
    • Market Size and Forecast, By Mode of Transport, 2019-2031 (US$ Billion)
    • Market Size and Forecast, By Services, 2019-2031 (US$ Billion)
    • Market Share Analysis, By Country, 2024 and 2031 (%)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Regional Trends
    • Market Size and Forecast, By Mode of Transport, 2019-2031 (US$ Billion)
    • Market Size and Forecast, By Services, 2019-2031 (US$ Billion)
    • Market Share Analysis, By Country, 2024 and 2031 (%)
      • South Africa
      • GCC Countries
      • Rest of the Middle East and Africa

7. Competitive Landscape

  • Company Profiles
    • Agility Logistics
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Bollore Logistics
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • CEVA Logistics (a subsidiary of CMA CGM)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • C.H. Robinson Worldwide Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • DB Schenker
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • DHL (part of Deutsche Post AG)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • DSV
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Expeditors International of Washington, Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • FedEx Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • GEODIS
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Hellmann Worldwide Logistics
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Kerry Logistics Network Limited
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Kuehne+Nagel Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Maersk
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Nippon Express Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Panalpina (part of DSV)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Sinotrans Limited
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • UPS (United Parcel Service of America, Inc.)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Yusen Logistics Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • XPO Logistics, Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates

8. Wheel of Fortune

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

9. Section

  • References
  • Research Methodology
  • About us and Sales Contact
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