Freight Forwarding Market Growth, Trends & Analysis 2025 | Top key players - CEVA Logistics, DSV, FedEx.

The Global Freight Forwarding Market reached US$ 175.1 billion in 2023 and is expected to reach US$ 245.2 billion by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.

Freight Forwarding Market report, published by DataM Intelligence, delivers detailed insights and analysis on major market trends, growth prospects, and emerging challenges. With a strong focus on providing actionable intelligence, DataM Intelligence enables businesses to make well-informed decisions and maintain a competitive edge. By blending both qualitative and quantitative research approaches, the company offers thorough reports that support clients in navigating complex market environments, driving strategic expansion, and capitalizing on new opportunities in today's rapidly evolving global landscape.

The Freight Forwarding Market involves companies that organize the shipment of goods on behalf of individuals or businesses. These firms manage logistics, documentation, customs clearance, and transport-by land, sea, or air-to ensure goods move smoothly across borders. Acting as intermediaries, freight forwarders simplify global trade by coordinating with carriers and navigating complex international shipping regulations.

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Market opportunities and Growth Drivers:

Rising E-Commerce Across the World

The rise of e-commerce has significantly transformed consumer purchasing habits and reshaped supply chain operations, driving a surge in demand for freight forwarding services. E-commerce platforms have enabled businesses to reach global customers, increasing the need for efficient and reliable logistics solutions to manage inventories, process orders, and ensure timely delivery to end-users. Freight forwarders are crucial in providing comprehensive, end-to-end logistics solutions tailored to the unique needs of e-commerce companies, ensuring that products are delivered seamlessly and efficiently across vast distances.

Freight Forwarding Market Recent Development:

In June 2023, Kuehne+Nagel, a global logistics leader, announced its acquisition of Morgan Cargo, a prominent freight forwarder operating in South Africa, the UK, and Kenya. This strategic acquisition significantly bolsters Kuehne+Nagel's perishables logistics services and enhances its connections to and from these key regions. The move also brings cutting-edge cold chain capabilities, ensuring that temperature-sensitive goods are handled efficiently across the supply chain.

In April 2023, DHL Global Forwarding strengthened its operations by signing a Memorandum of Understanding (MoU) with Turkish Cargo to expand its presence at SMARTIST, Turkish Cargo's state-of-the-art cargo facility at Istanbul Airport. This partnership not only improves operational efficiency but also helps position Istanbul as a key global logistics hub. By integrating resources and operations, DHL and Turkish Cargo aim to offer enhanced services across the globe, leveraging Istanbul's strategic location at the crossroads of Europe, Asia, and Africa.

List of the Key Players in the Freight Forwarding Market:

Kuehne+Nagel, Deutsche Post AG (DHL Group), DB SCHENKER, Expeditors International of Washington, Inc., CEVA Logistics, DSV, FedEx, Uber Technologies, Inc., United Parcel Service of America, Inc. and NIPPON EXPRESS HOLDINGS.

Research Process:

Both primary and secondary data sources have been used in the global Freight Forwarding Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Freight Forwarding Market:

By Service: Transportation and Warehousing, Packaging and Documentation, Value-added Services.

By Mode Of Transport: Land Freight Forwarding, Sea Freight Forwarding, Air Freight Forwarding.

By Customer: B2B, B2C.

By End-User: Retail and E-Commerce, Industrial & Manufacturing, Healthcare, Automotive, Others.

Regional Analysis for Freight Forwarding Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

People Also Ask:

Most Frequently Asked Questions in the Freight Forwarding Market Research Industry:

➠ What are the global figures for sales, production, consumption, imports, and exports in the Freight Forwarding market?

➠ Who are the top manufacturers in the global Freight Forwarding industry, and what is their current status in terms of production capacity, output, sales performance, pricing structure, cost analysis, profit margins, and overall revenue?

➠ What key opportunities are available for vendors in the Freight Forwarding market, and what challenges are they likely to encounter?

➠ Which application areas, end-user segments, or product types are projected to experience significant growth, and how is the market share distributed among them?

➠ What are the major drivers and barriers influencing the growth trajectory of the Freight Forwarding market?

➠ What are the primary sales, marketing, and distribution strategies used across the global Freight Forwarding industry landscape?

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