Freight forwarding market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. Growth in cross-border and sea trade volume is driving the growth of the freight forwarding market. The growing e-commerce trade across the globe has promoted the freight forwarding market. According to the Brand Equity Foundation (BEF), the overall e-commerce market is expected to reach $350 billion by 2030 and will experience 21.5% growth in 2022 and reach $74.8 billion.
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The global freight forwarding market is segmented based on customer type, mode of transportation, and application. Based on customer type, the market is segmented into B2B and B2C. Based on mode of transportation, the market is segmented into air, ocean, rail, and road. Based on application, the market is sub-segmented into industrial & manufacturing, retail, healthcare, oil and gas, food and beverages, and other applications.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Freight Forwarding Market by Customer Type
- Business-to-Business (B2B)
- Business-to-Customer (B2C)
Global Freight Forwarding Markey by Mode of Transport
- Air
- Ocean
- Road
- Rail
Global Freight Forwarding Market by Application
- Industrial & Manufacturing
- Retail
- Healthcare
- Oil & Gas
- Food & Beverages
- Other
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Bollore Logistics
- H. Robinson
- CEVA Logistics
- Dachser Group SE & Co. KG
- DB Schenker
- DHL Global Forwarding
- DSV Global Transports and Logistics
- Expeditors International
- FedEx Corp.
- Hellmann Worldwide Logistics
- Imerco A/S
- Kuehne + Nagel International AG
- MGF (Manitoulin Global Forwarding)
- Nippon Express Co., Ltd.
- Panalpina Welttransport Holding AG
- Sinotrans India Private Limited
- The Maersk Group
- Uber Freight LLC
- United Parcel Service Inc.
- Walmart Group
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global freight forwarding market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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