Freight Forwarding Market is expected to reach US$ 245.2 billion by 2031 | Major Companies - Kuehne+Nagel, DB SCHENKER, CEVA Logistics, FedEx.

Market Size and Growth:

The Global Freight Forwarding Market size 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 refers to the global industry that manages and coordinates the transportation of goods across domestic and international borders. It includes services such as logistics planning, cargo consolidation, customs clearance, documentation, warehousing, and multimodal transport coordination, helping businesses move shipments efficiently, cost-effectively, and in compliance with trade regulations.

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Recent Key Developments of United States:

✅ February 2026: Blockchain platforms for customs clearance went live nationwide, cutting paperwork delays by 30% and enhancing real-time tracking for e-commerce shippers.

✅ January 2026: Federal incentives spurred electric truck adoption in intermodal forwarding, with companies like J.B. Hunt piloting 500 zero-emission units for cross-country hauls.

✅ December 2025: U.S. forwarders ramped up nearshoring routes to Mexico, boosting air and rail freight volumes by 15% due to ongoing tariff shifts on Asian imports.

✅ November 2025: Major ports like Los Angeles and Long Beach adopted advanced AI-driven congestion management systems, slashing dwell times by 20% amid holiday peak surges.

Recent Key Developments of Japan:

✅ February 2026: Yusen Logistics integrated AI route optimization, reducing fuel use by 18% on transpacific lanes while handling semiconductor surges.

✅ January 2026: Yamato launched dedicated cargo flights linking Haneda to regional hubs, improving JIT delivery for automotive parts amid US tariff pressures.

✅ December 2025: Government greenlit the Tokyo-Osaka freight tunnel project planning, aiming to shift 10% of road cargo to underground rails by 2028.

✅ November 2025: Nippon Express expanded cold-chain networks in Kyushu for perishable exports, supporting a 12% rise in agri-freight to Southeast Asia.

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
United Parcel Service of America, Inc.
NIPPON EXPRESS HOLDINGS.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ 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).

Segments 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:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Freight Forwarding market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Freight Forwarding Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Freight Forwarding market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Freight Forwarding Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

◆ How big is the Freight Forwarding Market in 2025?
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