Global Freight Forwarding Market Accelerates Amid Surge in E-Commerce and Supply Chain Optimization 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.

The Freight Forwarding Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.

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The Freight Forwarding Market involves the coordination and shipment of goods from one place to another via air, sea, rail, or road. Freight forwarders act as intermediaries, managing logistics, documentation, customs clearance, and cargo insurance. This market plays a crucial role in global trade by ensuring efficient, timely, and cost-effective transportation of goods across international borders.

Major players in the Freight Forwarding Market

The prominent players in Freight Forwarding market research report are: 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.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Key Development

In June 2023, Kuehne+Nagel, a global logistics leader, announced the acquisition of Morgan Cargo, a prominent freight forwarder operating in South Africa, the UK, and Kenya. This strategic move enhances Kuehne+Nagel's perishables logistics capabilities, particularly with advanced cold chain infrastructure, and strengthens connectivity for customers across key global trade lanes.

In April 2023, DHL Global Forwarding signed a Memorandum of Understanding (MoU) with Turkish Cargo to expand its operations at SMARTIST, Turkish Cargo's state-of-the-art cargo facility located at Istanbul Airport. This collaboration aims to boost operational efficiency and reinforces Istanbul's role as a critical global logistics hub.

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Market Segments

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.

The Freight Forwarding industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

The global Freight Forwarding Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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