As per the study initiated by Evolve Business Intelligence, the global Freight forwarding market size accounted for USD 200.2 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The freight forwarding market refers to the industry segment that involves the coordination and management of the transportation of goods from one location to another on behalf of shippers or importers/exporters. Freight forwarders are intermediaries who handle various aspects of the logistics process, including booking cargo space, arranging transportation modes (such as air, sea, road, or rail), completing documentation, and managing customs clearance. The freight forwarding market is a significant component of the global logistics industry. It plays a crucial role in facilitating international trade by ensuring the efficient movement of goods across borders. The market size is influenced by factors such as international trade volumes, globalization, outsourcing trends, and the complexity of supply chains.
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- The global Freight forwarding Market size was valued at USD 2 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
- Asia Pacific dominated the market in 2022
- North America is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Freight forwarding Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Freight forwarding market report also includes the following data points:
- COVID19 Impact on Freight forwarding market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Freight forwarding market
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Some of the major Freight forwarding players holding high market share include Kuehne+Nagel International AG, MGF, Nippon Express Co., Ltd., and Transporteca. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Kuehne+Nagel International AG
- Nippon Express Co., Ltd.
- United Parcel Service of America, Inc.
- Bolloré Logistics
- CEVA Logistics AG
- Schenker Deutschland AG
- Deutsche Post DHL
- DSV A/S
- Expeditors International of Washington, Inc.
- Hellmann Worldwide Logistics
- Uber Freight LLC
Market Segment By Service with focus on market share, consumption trend, and growth rate of Freight forwarding Market:
- Transportation and Warehousing
- Packaging and Documentation
- Value-added Services
Market Segment By Mode of Transport with focus on market share, consumption trend, and growth rate of Freight forwarding Market:
- Land Freight Forwarding
- Sea Freight Forwarding
- Air Freight Forwarding
Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Freight forwarding Market:
- Retail and E-Commerce
|Market Size (2022)||$ 200.2 Billion|
|CAGR (2023 to 2033)||7.2%|
|Market Segmentation||Service, Mode of Transport, End User|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America|
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Global Freight forwarding Geographic Coverage:
- North America
- Nordic Countries
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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