In 2024, the freight forwarding market was estimated at 176 billion U.S. dollars and is expected to increase in the following years. In 2029, the market is projected to reach the size of almost 216 billion U.S. dollars. The leading companies in this field include DHL Supply Chain, Kuehne + Nagel, and Panalpina.

Explore the Freight Forwarding Market trends! Covers key players, growth rate 5.6% CAGR, market size $267.87 Billion, and forecasts to 2034. Get insights now!

The Sea Freight Logistics Market Report Forecast and Industry Trends, and It is Segmented by Type (FCL, LCL, and Other Types) and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The Report Offers the Market Size in Value (USD) for all the Above Mentioned Segments.

the Australia Freight Forwarding Market Report is Segmented by Mode of Transport (air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, and Rail Freight Forwarding), Customer Type (B2C and B2B), Application (industrial and Manufacturing, Retail, Healthcare, Oil and Gas, Food and Beverages and Other Application). the Market Size and Forecast are Provided in Terms of Values (USD) for all the Above Segments.

The global air freight forwarding market is projected to reach a value of $110.91 million by 2033, growing at a CAGR of 4.00% during the forecast period. The growth of the market is attributed to the increasing demand for air freight services for the transportation of time-sensitive and valuable goods, the growth of e-commerce, and the expansion of global trade. Key drivers for the growth of the air freight forwarding market include:

Increasing demand for air freight services for the transportation of time-sensitive and valuable goods: Air freight services are preferred for the transportation of time-sensitive and valuable goods, such as electronics, pharmaceuticals, and perishable goods, as they provide faster transit times and better security than other modes of transportation. Growth of e-commerce: The growth of e-commerce has led to an increase in the demand for air freight services, as e-commerce retailers rely on air freight to quickly deliver goods to their customers. Expansion of global trade: The expansion of global trade has led to an increase in the demand for air freight services, as businesses need to transport goods quickly and efficiently across borders.

Key trends in the air freight forwarding market include:

Increasing use of technology: Air freight forwarders are increasingly using technology to improve their efficiency and customer service. For example, many air freight forwarders now offer online tracking and tracing services, which allow customers to track the status of their shipments in real-time. Growing focus on sustainability: Air freight forwarders are increasingly focused on sustainability, as they seek to reduce their environmental impact. For example, many air freight forwarders are now using fuel-efficient aircraft and adopting sustainable practices in their operations. Recent developments include: August 2023: National Airlines (NASDAQ: NATUAL), a division of national air cargo group, Inc., and Etihad Cargo (MENA, a.k.a. Etihad Cargo), a dynamic Middle East-based freight carrier, has entered into an Interline Agreement for the successful implementation of the International Civil Aviation Regulations 23rd (ICAIR23) program for the U.S. Postal Service. This interline agreement establishes a unique partnership between National Airlines, which has decades of experience in international freight transportation, and Etihad Cargo, which has a global commercial network., April 2022: DHL Supply Chain (a freight and logistics company) launched a strategic partnership with ReverseLogix (one of the leading cloud-based platforms to automate end-to-end reverse logistics for e-commerce brands). The decision came when DHL Supply Chain continued to see impressive growth for its e-commerce business, which saw a 15% annual growth rate over the 2021 peak season. It is coupled with total national retail returns climbing 78% to more than USD 761 billion. According to data issued by the National Retail Federation, this growth level was commensurate with substantial returns volume growth from 2020 to 2021., March 2022: Cargojet's recent bet on more aircraft led it to secure an expanded agreement with DHL Express. The pair announced a five-year cooperation agreement, with an option for another two years, for ACMI, CMI, charter, and dry leases. Canada's Cargojet already uses 12 aircraft for DHL, which is adding five 767Fs in 2022 and next to handle 'expected cargo volume.' DHL expanded its capacity in the Americas by 18% in the 2021 peak season and launched a weekly service from Vietnam to the US. Also, Cargojet recently signed purchase and conversion agreements for six more 777s, making eight more by 2026.. Key drivers for this market are: Increase in the demand for the Air Cargo Capacity, The Rise of E-commerce. Potential restraints include: Cargo Restrictions. Notable trends are: The increase in E-Commerce is driving the Market.

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Freight Forwarding Market was valued at USD 181.92 Billion in 2023 and is projected to reach USD 221.68 Billion by 2031, growing at a CAGR of 2.76% during the forecast period 2024-2031.

Freight Forwarding Market: Definition/ Overview

Freight forwarding is a logistics service that organizes and oversees the transportation of goods from one location to another on behalf of shippers. Acting as intermediaries, freight forwarders handle complex processes including customs clearance, cargo insurance, warehousing, and choosing efficient routes and carriers. This service is essential for businesses that require cross-border shipping but lack the resources or expertise to navigate regulatory, logistical, and operational challenges independently.

The Freight Forwarding Market has seen substantial growth with the rise of global trade and e-commerce, driven by a demand for efficient, reliable, and cost-effective international shipping solutions. By leveraging digital tools and multimodal transport options—such as air, sea, and land—freight forwarders enhance shipment tracking, reduce transit times, and optimize cost efficiency. However, the industry faces challenges including regulatory complexity, fluctuating fuel costs, and the need for sustainable practices, all of which are shaping its evolution in an increasingly interconnected world.

The global freight forwarding market size was $209.14 billion in 2023 and is expected to have grown to $317.33 billion by 2032 with a CAGR of roughly 4.74%.

The global sea freight forwarding market size reached USD 83.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 107.4 Billion by 2033, exhibiting a growth rate (CAGR) of 2.77% during 2025-2033. The growing number of global and domestic trade activities, increasing demand for safe and fast delivery cargo, and rising cross-border e-commerce activities represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the global sea freight forwarding market report, along with forecasts at the global, regional, and country level from 2025-2033. Our report has categorized the market based on type, services, and vertical.

The global freight forwarding market is anticipated to grow from USD 216.47 billion in 2024 to USD 388.43 billion by 2037, registering a CAGR of around 4.6% during the forecast period, from 2025 through 2037. Key industry players include CEVA Logistics, FedEx Corp., Bollore Logistics, DB Schenker, among others.

Get detailed insights into the current valuation of Freight Forwarding market size, including growth analysis, current market status and future market projections.

The report covers Global Air Freight Forwarder Market Share and is segmented by service (airlines, mail, and other services), destination (domestic and international), Geography (North America, Europe , Asia-Pacific , Middle East & Africa , South America). The report offers the market sizes and forecasts for the Air Freight Forwarding Market in value (USD) for all the above segments.

The ASEAN Freight Forwarding Market is segmented by Mode of Transport (Air and Sea), Service (Freight Transport, Warehousing, and Value-added Services), Country, and End User.

The Report Covers Digital Freight Forwarding Companies in USA and it is segmented by Mode of Transportation (Ocean, Air, and Land) and by Firm Type (SMEs and Large Enterprises and Governments). The market size and forecasts for the US digital freight forwarding market are provided in terms of value (USD billion) for all the above segments.

Asia Pacific Sea Freight Logistics Market Report Forecast and Industry Trends, and It is Segmented by Type (FCL, LCL) and Country (Australia, China, India, Indonesia, Japan, Malaysia, Thailand, Vietnam). The Report Offers Market Size and Forecast Values (USD) for all the Above Segments.

The North American Sea Freight Forwarding Market Report is Segmented by Type (FCL, LCL, and Others) and by Region (USA, Canada, and Mexico). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

This statistic illustrates the leading global freight forwarding companies in 2020, by market share. In that year, DHL Logistics had a market share of six percent. DSV Panalpina is in the top five global freight forwarding market.

Global Freight Forwarding market size 2025 was XX Million. Freight Forwarding Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Freight and Logistics Market is segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others), by Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage) and by Region (Africa, Asia Pacific, Europe, GCC, North America, South America). Market Value (USD) and Market Volume (ton-km, number of parcels, warehousing & storage space in square feet) are both presented. Key Data Points observed include Freight Transport Volume (ton-km) by Mode of Transport; Production Trends (Manufacturing, E-Commerce etc. in USD); Import and Export trends (in USD); and Freight Pricing Trends (USD per ton-km).

The report covers Africa Freight Forwarding Market Sector, Leading Players in Africa Freight Forwarding Market, Major Players in Africa Freight Forwarding Market.