Freight Forwarding Market | Powering Global Trade with Efficient Logistics Solutions | Major Companies - Kuehne+Nagel, Deutsche Post AG (DHL Group), DB SCHENKER, Expeditors International of Washington, Inc., CEVA Logistics

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 receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.

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Freight forwarding is a logistics service that manages the shipment of goods from one location to another on behalf of exporters and importers. Freight forwarders coordinate various transportation modes-such as air, sea, rail, and road-while handling documentation, customs clearance, warehousing, and insurance. By streamlining complex global shipping processes, freight forwarding ensures timely, cost-effective, and compliant delivery of goods across international borders.

Market 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.

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Freight Forwarding Market Key Development

➤ Kuehne+Nagel Acquires Morgan Cargo: In June 2023, Kuehne+Nagel announced the acquisition of Morgan Cargo, a top freight forwarder in South Africa, the UK, and Kenya. The deal expands Kuehne+Nagel's perishables logistics services and cold chain capabilities across these regions.

➤ DHL Partners with Turkish Cargo: In April 2023, DHL Global Forwarding signed an MoU with Turkish Cargo to operate from SMARTIST, Turkish Cargo's facility at Istanbul Airport, boosting operational efficiency and reinforcing Istanbul's role as a global logistics hub.

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Freight Forwarding 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.

Research Methodology

Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.

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

This Report Covers:

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✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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