Global Freight Forwarding Market Research Report 2024

Freight Forwarding Market Statistics 

Freight forwarders, also known as non-vessel operating common carriers, are agents that arrange shipments for industries from manufacturers to the final destination. Forwarders have contracts with shipping line carriers to move cargo. This provides help them offer a secure network of movement of cargo at low prices.

The global Freight Forwarding market was valued at US$ 386.7 million in 2023 and is anticipated to reach US$ 559.6 million by 2030, witnessing a CAGR of 5.5% during the forecast period 2024-2030.

North American market for Freight Forwarding is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Asia-Pacific market for Freight Forwarding is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The global market for Freight Forwarding in Airfreight Forwarding is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The major global companies of Freight Forwarding include DSV, Deutsche Post DHL Group, Kuehne + Nagel, DB Schenker, Sinotrans, Expeditors International, NIPPON EXPRESS, UPS Supply Chain Solutions and Hellmann Worldwide Logistics, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Freight Forwarding, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Freight Forwarding.

Report Scope
The Freight Forwarding market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Freight Forwarding market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Freight Forwarding companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Report Metric	Details
Report Name	Global Freight forwarding Market
Base Year	2023
Forecasted years	2024-2030
By Company	DSV Deutsche Post DHL Group Kuehne + Nagel DB Schenker Sinotrans Expeditors International NIPPON EXPRESS UPS Supply Chain Solutions Hellmann Worldwide Logistics Panalpina C.H. Robinson Worldwide CJ Korea Express DACHSER Dimerco GEODIS Bollore Logistics
Segment by Type	Packaging Documentation Transportation and warehousing VAS (Value-added services)
Segment by Application	Airfreight Forwarding Rail Freight Transportation Sea Freight Forwarding
Consumption by Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Asia-Pacific (China, Japan, South Korea, Taiwan) Southeast Asia (India) Latin America (Mexico, Brazil)
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends