Surge In International Trade To Drive Market Growth: The Driving Engine Behind Freight Forwarding Market Evolution in 2025

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Freight Forwarding Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of freight forwarding has been consistently expanding over the past few years. It is projected to rise from $207.1 billion in 2024 to $215.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.9%. Factors such as economic prosperity, efficiency in supply chain management, increased customer need for value-added services, advancements in transport infrastructure, the incorporation of ERP systems, regulatory shifts, and trade pacts all contributed to the growth during the historical period.

Freight Forwarding Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the freight forwarding market is projected to enjoy robust expansion. The market is predicted to achieve a value of $267.87 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth within this period can be credited to several factors such as the incorporation of AI and data analytics, the growth of global trading networks, the surge in e-commerce and related services, a focus towards sustainable logistics and the implementation of self-driving vehicles. Key trends to look out for in this forecast period would be strategic partnerships and alliances, impact of the global economic environment, technological advancements in warehouse management, a rising demand for additional services, alongside intermodal transportation solutions.

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What Are the Drivers Transforming the Freight Forwarding Market?
The surge in volumes of international trade is significantly contributing to the expansion of the freight forwarding market. International trade involves the exchange of goods and services across various countries. Engaging in global trade provides countries and consumers the opportunity to access products and services that are either unavailable in their own countries or more expensive domestically. Freight forwarders are responsible for managing intermodal transportation of goods for shippers, and a rise in trade volume will amplify freight forwarding activities. The World Trade Organization (WTO), an intergovernmental institution responsible for regulating and promoting international trade, estimates that the global merchandise trade volume will increase by 3.2% in 2024. Hence, the increase in volumes of international trade is predicted to drive the growth of the freight forwarding market in the future.

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What Long-Term Trends Will Define the Future of the Freight Forwarding Market?
Artificial intelligence (AI) incorporation is becoming a significant trend in the freight forwarding market, noted for its cost-cutting, time-saving, productivity-enhancing, and accuracy-increasing benefits through automation and instant data. For example, Windward, a Predictive Intelligence firm from Israel, launched its Ocean Freight Visibility solution in February 2022. This system, equipped with automated data collection and interpretation capabilities, allows freight forwarders to enhance productivity and scalability while offering real-time, accurate estimates of arrival, predictions of disruption risks, causes of delays, and location-focused insights for containerized freight. Users of Windward's solution can input their containers and proactively mitigate risks by monitoring essential shipment disruptions affecting container arrival times. The solution alerts users in real-time about potential delays, enabling appropriate client communications. The platform, integrated through an API with existing transportation management systems or available as a web application, sends out daily email warnings and insights.

Which Segments in the Freight Forwarding Market Offer the Most Profit Potential?
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, Healare, 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 Firms Dominate the Freight Forwarding Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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.

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