Press release
International Freight Forwarding Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
International Freight Forwarding Market Share
The upward trend in the e-commerce sector is predicted to fuel the expansion of the global freight forwarding market in the future. E-commerce refers to the online buying and selling of goods and services, facilitating electronic transactions between businesses and consumers, eliminating the need for physical interaction. The growth in this industry can be attributed to factors like convenience, accessibility, the rise of mobile commerce, efficient logistics, delivery services, and increased internet usage. International freight forwarding plays a crucial role in e-commerce by handling global shipping logistics, facilitating customs clearance, minimizing costs, and ensuring regulatory compliance for the prompt and efficient delivery of goods across international borders. For example, the International Trade Administration, a US Department of Commerce, stated in November 2023 that consumer e-commerce accounted for 36.3% of the UK's total retail market as of January 2021. It is forecasted that the revenue will touch $285.60 billion by 2025. Moreover, the UK's e-commerce revenues are anticipated to see an average annual growth of 12.6% by 2025. Therefore, the surge in the e-commerce sector is contributing to the growth of the global freight forwarding market.
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What Is the projected market size and growth rate for the international freight forwarding market?
The global market for freight forwarding has experienced robust growth in recent times. The market, which was estimated to be $110.95 billion in 2024, is expected to rise to $117.71 billion in 2025, at a compound annual growth rate (CAGR) of 6.1%. Factors such as the surge in online shopping, development in emerging economies, increasing intricacy in supply chains, investments towards improving transportation infrastructure, and strict trade regulations have contributed to the market's expansion during the historic period.
In the coming years, the international freight forwarding market is anticipated to experience robust growth, expanding to a market size of $147.1 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. This growth during the forecast period can be traced back to increasing consumer demands for quick and dependable deliveries, the need for robust and flexible logistics solutions, swelling urban populations, strategic partnerships between logistics service providers and technology companies, government policies, and financial incentives across different nations. Noteworthy trends for the projected period comprise the incorporation of AI, IoT, and blockchain into logistics, emerging innovations like digital platforms, the push for automation, the embracement of environmentally-friendly procedures and alternatives, and the application of advanced scanning and screening technologies.
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What new trends are reshaping the international freight forwarding market and its opportunities?
Leading firms in the global freight forwarding market are adopting advanced analytics solutions and digital workflows, such as enterprise resource planning (ERP) systems, to increase logistical effectiveness and operational efficiency. Enterprise resource planning (ERP) systems are unified software procedures that centralize data and deliver real-time business insights to enhance coordination, decision-making and efficiency by simplifying processes. For example, in June 2022, DP World, a logistics firm based in the UAE, debuted CARGOES Runner. It is an inventive platform purposed to simplify the whole freight forwarding operation, thereby boosting efficiency and profitability per shipment. The platform features a user-friendly dashboard that facilitates the quotation process by providing easy control and quick availability of bids. It presents numerous benefits such as digital invoicing, which reduces paperwork and enhances transactional efficiency. The system fosters a digital-first approach, overcoming obstacles presented by outmoded legacy systems significantly enhancing operational efficiency and customer experience.
What major market segments define the scope and growth of the international freight forwarding market?
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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Which region dominates 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.
Which key market leaders are driving the international freight forwarding industry growth?
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
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What Is Covered In The International Freight Forwarding Global Market Report?
•Market Size Forecast: Examine the international freight forwarding market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the international freight forwarding market for a structured understanding.
•Key Players Overview: Analyze major players in the international freight forwarding market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the international freight forwarding market.
•Segment Contributions: Evaluate how different segments drive overall growth in the international freight forwarding market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the international freight forwarding market.
•Industry Challenges: Identify potential risks and obstacles affecting the international freight forwarding market.
•Competitive Landscape: Review strategic developments in the international freight forwarding market, including expansions, agreements, and new product launches.
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