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E-Commerce Boom Fuels Growth In The International Freight Forwarding Market: Core Growth Enabler in the International Freight Forwarding Market, 2025
International Freight Forwarding
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What Will the International Freight Forwarding Industry Market Size Be by 2025?_x000D_
The global market size for freight forwarding has experienced robust growth in recent years. The market is projected to expand from $110.95 billion in 2024 to $117.71 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. This growth throughout the historic period is due to factors such as the surge in online shopping, economic evolution in developing markets, escalating complexity in supply chains, investments in transport infrastructure, and rigorous trade regulations._x000D_
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What's the Long-Term Growth Forecast for the International Freight Forwarding Market Size Through 2029?_x000D_
Over the coming years, the international freight forwarding market is predicted to experience substantial growth, eventually reaching a value of $147.1 billion in 2029, growing at a compound annual growth rate of 5.7%. The anticipated growth during this forecast period is attributed to an increase in consumer expectations for prompt and dependable deliveries, the need for proactive and flexible logistics solutions, rising urban populations, synergies between logistics providers and technology firms, and government regulations and economic incentives in different regions. The primary trends expected during this period incorporate the assimilation of technologies such as AI, IoT, and blockchain within logistics, advancements like digital platforms, the rising demand for automation, embracing environmentally friendly practices and alternatives, as well as the application of refined scanning and screening technologies._x000D_
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What Are the Key Growth Drivers Fueling the International Freight Forwarding Market Expansion?_x000D_
The exponential growth of the e-commerce sector is anticipated to drive the expansion of the international freight forwarding market. The term e-commerce refers to the electronic buying and selling of goods and services via the internet, enabling companies and shoppers to conduct deals remotely without any physical contact. The proliferation of e-commerce is attributed to factors like ease of use, mobile commerce expansion, reliable logistics and delivery offerings, and internet penetration. International freight forwarding plays a vital role in e-commerce by efficiently handling worldwide delivery logistics, customs management, price control, monitoring, and compliance with regulations, therefore ensuring the swift and effective delivery of goods across borders. For example, as per the International Trade Administration, a Department of Commerce in the US, in November 2023, consumer e-commerce accounted for 36.3% of the entire UK retail market as of January 2021, with a forecast of hitting $285.60 billion by 2025. In addition, e-commerce incomes in the UK are expected to rise at an average yearly pace of 12.6% by 2025. As such, burgeoning e-commerce is fueling the growth of the international freight forwarding market._x000D_
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What Are the Key Trends Driving International Freight Forwarding Market Growth?_x000D_
Leading enterprises in the global freight forwarding market are pivoting towards digital workflows and sophisticated analytics tools like enterprise resource planning (ERP) systems to optimize operational effectiveness and smooth out logistics procedures. ERP tools are comprehensive software platforms that gather data in a centralized manner and provide immediate insights into operations, thereby boosting coordination, effectiveness, and decision-making through simplified procedures. For example, in June 2022, DP World, a logistics firm based in the UAE, unveiled CARGOES Runner. This innovative system is built to streamline the entire freight forwarding operation, elevating efficiency and profitability per shipment. It offers an intuitive dashboard that makes the quote process more efficient by offering swift access to and management of proposals. It boasts key features such as digital invoicing, hence reducing paperwork and enhancing transaction efficiency. The platform promotes a digital-first approach, overpassing the limitations brought about by outdated legacy systems, thereby significantly enhancing the customer experience and operational efficiency._x000D_
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How Is the International Freight Forwarding Market Segmented?_x000D_
The international freight forwardingmarket covered in this report is segmented - _x000D_
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1) By Services: Freight Transportation, Warehousing And Distribution, Customs Brokerage, Freight Consolidation, Value-Added Services_x000D_
2) By Mode Of Transportation: Ocean, Road, Air, Rail_x000D_
3) By Customer: Business-To-Business (B2B), Business-To-Consumer (B2C)_x000D_
4) By End-User: Manufacturing, E-Commerce And Retail, Automotive, Healthcare And Pharmaceuticals, Oil And Gas, Food And Beverage, Consumer Goods, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Freight Transportation: Ocean Freight, Air Freight, Land Freight (Road and Rail), Multimodal Freight _x000D_
2) By Warehousing and Distribution: Inventory Management, Order Fulfillment, Cross-Docking, Distribution Center Services _x000D_
3) By Customs Brokerage: Import Customs Clearance, Export Customs Clearance, Tariff and Duty Management, Regulatory Compliance Services _x000D_
4) By Freight Consolidation: Less-than-Container Load (LCL), Less-than-Truckload (LTL), Full-Container Load (FCL), Groupage Services _x000D_
5) By Value-Added Services: Packaging and Labeling, Supply Chain Consulting, Insurance Services, Temperature-Controlled Logistics, Risk Management_x000D_
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Which Companies Are Leading the Charge in International Freight Forwarding Market Innovation?_x000D_
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_x000D_
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Which Regions Are Leading the Global International Freight Forwarding Market in Revenue?_x000D_
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._x000D_
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2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
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