Surge In International Trade To Drive Market Growth: A Key Factor Shaping the Future of the Freight Forwarding Market in 2025

What combination of drivers is leading to accelerated growth in the freight forwarding market?
The expansion of the freight forwarding market is being significantly fueled by the increase in international trade volumes. International trade refers to the cross-country exchange of goods and services. Exposure to goods and services, particularly those unavailable or pricier in their own countries, is a benefit for both consumers and nations engaged in global trade. Intermodal transportation of goods on behalf of shippers is managed by freight forwarders, and their activities are set to rise with the augmentation of trade volumes. In the projections released by the World Trade Organization (WTO), which governs and aids global trade, the world merchandise trade volume would see a growth of 3.2% in 2024. Consequently, it is predicted that the upsurge in international trade volumes will notably enhance the growth of the freight forwarding market in the future.

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What is the projected compound annual growth rate (CAGR) of the freight forwarding market from 2025 to 2034, and what factors influence it?
In recent times, the freight forwarding market has seen consistent growth. Its expansion from $207.1 billion in 2024 to an anticipated $215.08 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%, demonstrates this trend. Factors such as a robust economic landscape, optimized supply chains, increased customer appetite for value-added services, transport infrastructure advancements, incorporation of ERP systems, and shifts in regulations and trade agreements have all contributed to growth in this period.

The size of the freight forwarding market is projected to witness robust expansion in the coming years, reaching $267.87 billion in 2029, with a compound annual growth rate of 5.6%. The anticipated growth during the forecast period can be credited to factors such as the incorporation of AI and data analysis, the broadening of worldwide trade networks, the growth of e-commerce, and the adoption of autonomous vehicles. Important trends during this period include strategic collaborations and alliances, the impact of global economic circumstances, technological advancements in warehousing, demand for additional value services, and intermodal transportation solutions.

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How are the latest trends influencing the growth of the freight forwarding market?
The growing incorporation of artificial intelligence (AI) is a key trend that is gaining traction in the freight forwarding sector. AI is crucial in decreasing costs, saving time, enhancing efficiency, and improving accuracy by automating processes and utilizing real-time data. For example, in February 2022, Windward, a predictive intelligence firm based in Israel, rolled out its Ocean Freight Visibility solution. The system, powered by automated data gathering and analysis, allows freight forwarders to enhance their productivity and scalability while offering exact ETA projections in real-time, as well as insights into the likelihood of disruptions, reasons for delays, and location-specific information for containerized freight. Windward's Ocean Freight Visibility solution users can input their container details and proactively minimize risks by keeping an eye on significant shipment disruptions that could affect container ETAs. Real-time alerts on potential delays are provided by the solution, enabling quick response and communication with clients. Whether through an API integration with existing transportation management systems or a web application, the solution is available and provides daily email notifications and insights.

What are the major segments of the freight forwarding market and their role in driving growth?
The freight forwarding market covered in this report is segmented -

1) By Services: Transportation And Warehousing, Packaging And Documentation, Insurance, Value-added Services
2) By Logistics Model: First Party Logistics, Second Party Logistics, Third Party Logistics
3) By Mode of Transport: Air Freight Forwarding, Ocean Freight Forwarding, Road Freight Forwarding, Rail Freight Forwarding
4) By Customer Type: B2C, B2B
5) By Application: Industrial And Manufacturing, Retail, Healthcare, Media And Entertainment, Military, Oil And Gas, Food And Beverages, Other Applications

Subsegments:
1) By Transportation And Warehousing: Land Freight Services, Ocean Freight Services, Air Freight Services
2) By Packaging And Documentation: Custom Packaging Solutions, Documentation And Customs Clearance
3) By Insurance: Cargo Insurance, Liability Insurance
4) By Value-added Services: Inventory Management, Order Fulfillment, Supply Chain Consulting

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Which regions are key players in the growth of the freight forwarding market?
North America was the largest region in the freight forwarding market in 2024. The regions covered in the freight forwarding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the freight forwarding market?
Major companies operating in the freight forwarding market include Savino Del Bene S.p.A., A.P. Moller-Maersk Group, CMA CGM Group, Deutsche Bahn AG, DSV Panalpina A/S, DHL Global Forwarding, C.H. Robinson Worldwide Inc., Nippon Express Co. Ltd., Expeditors International of Washington Inc., Expeditors International of Washington Inc., Sinotrans Limited, GEODIS SA, Kuehne + Nagel International AG, Kerry Logistics Network Limited, Kerry Logistics Network Limited, UPS Supply Chain Solutions Inc., CJ Logistics Corporation, DACHSER SE, Bolloré Logistics, Bolloré Logistics, Hellmann Worldwide Logistics GmbH & Co. KG, Agility Public Warehousing Company K.S.C.P., Yusen Logistics Inc., Kintetsu World Express Inc., CTS International Logistics Corporation, LX Holding, Yusen Logistics Co. Ltd., Dimerco Express Group, Ceva Logistics LLC, Logisteed Co. Ltd., Seko Logistics

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What Is Covered In The Freight Forwarding Global Market Report?

•Market Size Forecast: Examine the freight forwarding market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the freight forwarding market for a structured understanding.
•Key Players Overview: Analyze major players in the freight forwarding market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the freight forwarding market.
•Segment Contributions: Evaluate how different segments drive overall growth in the freight forwarding market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the freight forwarding market.
•Industry Challenges: Identify potential risks and obstacles affecting the freight forwarding market.
•Competitive Landscape: Review strategic developments in the freight forwarding market, including expansions, agreements, and new product launches.

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