Global Freight Forwarding Market is estimated to be valued at USD 184.94 Bn in 2025 and is expected to reach USD 260.41 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 184.94 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
5.00%
2032 Value Projection:
USD 260.41 Bn
Figure. Freight Forwarding Market Share (%), By Region 2025
Introduction:
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 (2025-2032), considering 2024 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.
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, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Air Freight Forwarding
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Ocean Freight Forwarding
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Road Freight Forwarding
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Rail Freight Forwarding
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
5. Global Freight Forwarding Market, By Services, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Transportation & Warehousing
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Packaging & Documentation
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Insurance
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
Value-added Services (Customs Clearance, Transportation Tracking, and Others)
Introduction
Market Size and Forecast, 2020-2032, (US$ Billion)
6. Global Freight Forwarding Market, By Region, 2020-2032 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
North America
Regional Trends
Market Size and Forecast, By Mode of Transport, 2020-2032 (US$ Billion)
Market Size and Forecast, By Services, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Mode of Transport, 2020-2032 (US$ Billion)
Market Size and Forecast, By Services, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Mode of Transport, 2020-2032 (US$ Billion)
Market Size and Forecast, By Services, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Mode of Transport, 2020-2032 (US$ Billion)
Market Size and Forecast, By Services, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Mode of Transport, 2020-2032 (US$ Billion)
Market Size and Forecast, By Services, 2020-2032 (US$ Billion)
Market Share Analysis, By Country, 2025 and 2032 (%)