Freight Forwarding Market Overview:
Freight Forwarding Market Size Was Valued at USD 169.54 Billion in 2023, and is Projected to Reach USD 251.09 Billion by 2032, Growing at a CAGR of 4.46% From 2024-2032.
AkViS Intelligence has released a new report titled, Freight Forwarding Market: Global Opportunity Analysis and Industry Forecast, 2024–2032, The freight forwarding market plays a crucial role in global trade, serving as an intermediary among shippers and vendors to streamline the motion of goods across borders. This industry, worth over $two hundred billion, is seeing constant boom pushed by globalization, e-commerce expansion, and trade liberalization. Freight forwarders cope with logistics, customs clearance, and file control, optimizing deliver chain performance and allowing organizations to attain global markets.
Key developments shaping the market encompass digital transformation, sustainability efforts, and supply chain resilience. Digitalization, with technology like AI, blockchain, and IoT, is enabling real-time monitoring, facts analytics, and automation, improving operational efficiency and transparency. There’s additionally a growing awareness on sustainable practices, as corporation’s intention to reduce carbon footprints and comply with environmental regulations. Additionally, the COVID-19 pandemic highlighted the significance of resilient supply chains, pushing forwarders to diversify routes and adopt threat control strategies.
Top Key Players involved are:
DHL Global Forwarding (Germany), Kuehne + Nagel (Switzerland), DB Schenker (Germany), DSV Panalpina (Denmark), Expeditors International (USA), UPS Supply Chain Solutions (USA), Nippon Express (Japan), Sinotrans (China), Hellmann Worldwide Logistics (Germany), CEVA Logistics (France), Bolloré Logistics (France), Panalpina (Switzerland), Yusen Logistics (Japan), Geodis (France), Agility Logistics (Kuwait), C.H. Robinson Worldwide (USA), Kerry Logistics (Hong Kong), FedEx Trade Networks (USA), Pilot Freight Services (USA), Dachser (Germany), Damco (Denmark), Hitachi Transport System (Japan), Rhenus Logistics (Germany), Sankyu (Japan), Kintetsu World Express (Japan) and Other Active Players. and Other Active Players.
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The latest report on the Freight Forwarding Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Freight Forwarding industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Freight Forwarding market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
Freight Forwarding Market Trend Analysis:
- Impact of E-commerce Expansion on Freight Forwarding:
The booming e-commerce sector has significantly influenced the freight forwarding industry, driving demand for fast, efficient, and flexible logistics solutions. Online shopping has led to a surge in parcel volumes and prompted the need for advanced last-mile delivery networks and options such as same-day or next-day delivery. To meet these demands, freight forwarders have adopted digital tools and technologies, enhancing tracking, speed, and reliability. Additionally, with a wider variety of products being sold online—ranging from perishables to electronics—freight forwarders are adapting to handle specialized needs such as temperature control and secure packaging.
- Growth in Intermodal Freight Transportation:
The rise of intermodal freight transportation—integrating rail, road, sea, and air modes—has opened new opportunities in the freight forwarding market by optimizing logistics processes and reducing environmental impact. Intermodal solutions offer cost savings, improved transit times, and greater sustainability, meeting the growing demand for greener shipping options. By diversifying transportation methods, freight forwarders can also better manage disruptions and maintain supply chain resilience. With advanced technologies like real-time tracking and predictive analytics, intermodal transport enhances operational flexibility, transparency, and client satisfaction, positioning freight forwarders as adaptable, eco-conscious logistics partners in a globalized market.
Key Offerings:
- Market Size, Share, Size & Forecast by Different Segments | 2024−2032
- Freight Forwarding Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Trend Analysis
- Pestle Analysis
- Porter’s Five Forces Analysis
- Industry Value Chain Analysis
- Ecosystem
- Regulatory Landscape
- Price Trend Analysis
- Patent Analysis
- Technology Evolution
- Investment Pockets
- Freight Forwarding Market Segmentation
- Competitive Landscape – Profiles of selected key players in a strategic perspective
- Competitive landscape – Competitive Benchmarking, Freight Forwarding Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
- Analyst Viewpoint and Conclusion
Segmentation of Freight Forwarding Market:
By Service Type
- Transportation and Warehousing
- Packaging and Documentation
- Value-added Services
By Mode of Transport
- Land Freight Forwarding
- Sea Freight Forwarding
- Air Freight Forwarding
By Customer Type
- B2B
- B2C
By Logistics Model
- First Party Logistics
- Second Party Logistics
- Third Party Logistics
By Application
- Industrial and Manufacturing
- Retail
- Healthcare
- Media and Entertainment
- Military
- Oil and Gas
- Food and Beverages
By Regions: –
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key proposals of this report:
- Insights studies the important trends that advance the growth potential of the market.
- Important trends and factors driving or hindering request growth.
- Freight Forwarding market segmentation including data on products, types and end users, including key developments
- Competitive situation and market concentration status along with basic information of these players.
- Competitive developments such as expansions, agreements, new product launches and subscriptions.
- Detailed information on key factors affecting the growth of Freight Forwarding market opportunities, drivers, industry-specific challenges and risks.
- Information on the growth prospects of each region’s market share.
Our study encompasses major growth determinants and drivers, along with extensive segmentation areas. Through in-depth analysis of supply and sales channels, including upstream and downstream fundamentals, we present a complete market ecosystem.
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