Emerging International Freight Forwarding Market Trend 2025-2034: Advanced ERP Solutions Enhance Efficiency And Streamline Logistics In Freight Forwarding

How Is the International Freight Forwarding Market Projected to Grow, and What Is Its Market Size?
The size of the international freight forwarding market has seen substantial growth over the past few years. The market is projected to expand from $110.95 billion in 2024 to $117.71 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The significant growth observed during the historical period is as a result of factors such as the surge in e-commerce activities, economic growth in upcoming markets, intricate supply chain dynamics, investments in transport infrastructure, and strict trade laws.

The global market for international freight forwarding is set to experience substantial expansion in the coming years, with a projected growth to $147.1 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. This projected growth during the forecast period could be due to several factors such as increased consumer demand for prompt and dependable delivery services, the need for flexible and robust logistics solutions, expanding urban populations, alliances between logistics companies and tech firms, governmental regulations, and economic incentives across different countries. The forecast period may also see dominant trends like the incorporation of AI, IoT, and blockchain technologies in logistics, innovative elements like digital platforms, increased demand for automation, the adoption of environmentally friendly practices and alternatives, as well as the introduction of advanced scanning and screening technologies.

What Are the Key Drivers Behind the Growth of the International Freight Forwarding Market?
The expansion of the e-commerce sector is anticipated to drive the growth of the international freight forwarding market in the future. E-commerce involves the electronic buying and selling of goods and services over the Internet, enabling transactions between businesses and consumers without in-person interaction. Factors such as convenience, rising mobile commerce, improved logistics and delivery services, and increasing internet penetration are driving the growth of the e-commerce sector. International freight forwarding facilitates e-commerce by managing worldwide shipping logistics, customs procedures, cost control, tracking, and adherence to regulations, ensuring effective and prompt delivery of products internationally. For instance, the International Trade Administration, an agency of the US Department of Commerce, reported in November 2023 that as of January 2021, e-commerce accounted for 36.3% of the total retail market in the UK, with anticipated revenues of $285.60 billion by 2025. Furthermore, e-commerce revenues in the UK are expected to grow at an average annual pace of 12.6% by 2025. As a result, the burgeoning e-commerce sector is boosting the growth of the international freight forwarding market.

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Who Are the Major Industry Players Fueling International Freight Forwarding Market Expansion?
Major companies operating in the international freight forwarding market are DHL Group, United Parcel Service of America Inc., FedEx Corporation, Kühne + Nagel International AG, DSV Panalpina A/S, Schenker Deutschland AG, Nippon Express Co. Ltd., GEODIS SA, DACHSER Group SE & Co. KG, CJ Logistics Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kintetsu World Express Inc., Yusen Logistics Co. Ltd., Sankyu Inc., Agility Public Warehousing Company, Bolloré Logistics Netherlands B.V, Dimerco Express India Private Limited, Uber Freight LLC, CEVA Logistics India Private Limited, Sinotrans India Private Limited, Panalpina Welttransport Holding AG

Which Key Developments Are Influencing the International Freight Forwarding Market?
Prominent enterprises in the global freight forwarding market are focusing on developing innovative digital workflows and sophisticated analytics tools, such as enterprise resource planning (ERP) products, to boost operational effectiveness and simplify logistics procedures. ERP products are comprehensive software systems that compile data and offer real-time views of operations, promoting improved coordination, efficiency, and decision-making through the simplification of processes. For instance, in June 2022, UAE's logistics enterprise, DP World, introduced CARGOES Runner. This innovative system is aimed at optimizing the entire freight forwarding operation, thereby enhancing efficiency and increasing profitability on each shipment. The system furnishes a user-friendly dashboard that makes the quoting process more efficient by offering immediate access and control over bids. It brings major benefits like digital invoicing that eliminates the need for paperwork and boosts the speed of transactions. This platform endorses a digital-centric approach, which effectively addresses the limitations imposed by outdated legacy systems, resulting in enhanced customer experience and operational efficiency.

How Is the Segmentation of the International Freight Forwarding Market Defined?
The international freight forwardingmarket covered in this report is segmented -

1) By Services: Freight Transportation, Warehousing And Distribution, Customs Brokerage, Freight Consolidation, Value-Added Services
2) By Mode Of Transportation: Ocean, Road, Air, Rail
3) By Customer: Business-To-Business (B2B), Business-To-Consumer (B2C)
4) By End-User: Manufacturing, E-Commerce And Retail, Automotive, Healthcare And Pharmaceuticals, Oil And Gas, Food And Beverage, Consumer Goods, Other End-Users

Subsegments:
1) By Freight Transportation: Ocean Freight, Air Freight, Land Freight (Road and Rail), Multimodal Freight
2) By Warehousing and Distribution: Inventory Management, Order Fulfillment, Cross-Docking, Distribution Center Services
3) By Customs Brokerage: Import Customs Clearance, Export Customs Clearance, Tariff and Duty Management, Regulatory Compliance Services
4) By Freight Consolidation: Less-than-Container Load (LCL), Less-than-Truckload (LTL), Full-Container Load (FCL), Groupage Services
5) By Value-Added Services: Packaging and Labeling, Supply Chain Consulting, Insurance Services, Temperature-Controlled Logistics, Risk Management

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What Is the Leading Region in the International Freight Forwarding Market?
Asia-Pacific was the largest region in the international freight forwarding market in 2024. The regions covered in the international freight forwarding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The International Freight Forwarding Global Market Report?

- Market Size Analysis: Analyze the International Freight Forwarding Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the International Freight Forwarding Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall International Freight Forwarding Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the International Freight Forwarding Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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