Global Freight Forwarding Market Size & Outlook
The freight forwarding industry worldwide is expected to reach a projected revenue of US$ 285,604.1 million by 2030. A compound annual growth rate of 4.6% is expected of the worldwide freight forwarding industry from 2024 to 2030.
Revenue, 2023 (US$M)
$208,370.9
Forecast, 2030 (US$M)
$285,604.1
CAGR, 2024 - 2030
4.6%
Report Coverage
Worldwide
Global freight forwarding market, 2018-2030 (US$M)
Related Markets
Global freight forwarding market highlights
- The global freight forwarding market generated a revenue of USD 208,370.9 million in 2023 and is expected to reach USD 285,604.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.6% by 2030.
- In terms of segment, road accounted for a revenue of USD 104,499.8 million in 2023.
- Air is the most lucrative mode of transport segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 208,370.9 million |
| Market revenue in 2030 | USD 285,604.1 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Road |
| Fastest growing segment | Air |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Road, Maritime, Rail, Air |
Other key industry trends
- In terms of revenue, the North America accounted for 21.7% of the global freight forwarding market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 6,870.1 million by 2030.
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Freight Forwarding Market Scope
Freight forwarding market segmentation & scope
Retail & e-commerce
Healthcare
Food & Beverages
Media & Entertainment
Industrial & Manufacturing
Oil & Gas
Others
Freight Forwarding Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global freight forwarding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to freight forwarding market will help companies and investors design strategic landscapes.
road was the largest segment with a revenue share of 50.15% in 2023. Horizon Databook has segmented the Global freight forwarding market based on road, maritime, rail, air covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Freight Forwarding Mode of Transport Outlook (Revenue, USD Million, 2018-2030)
- Road
- Maritime
- Rail
- Air
- Global Freight Forwarding Customer Type Outlook (Revenue, USD Million, 2018-2030)
- B2B
- B2C
- Global Freight Forwarding Service Outlook (Revenue, USD Million, 2018-2030)
- Transportation & Warehousing
- Value Added Services
- Packaging
- Others
- Global Freight Forwarding Application Outlook (Revenue, USD Million, 2018-2030)
- Retail & e-commerce
- Healthcare
- Food & Beverages
- Media & Entertainment
- Industrial & Manufacturing
- Oil & Gas
- Others
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Target buyers of Global freight forwarding market databook
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Our clientele includes a mix of freight forwarding market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global freight forwarding market , including forecasts for subscribers. This global databook contains high-level insights into Global freight forwarding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global freight forwarding market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Freight forwarding market size, 2023 (USD Million)
Top 10 countries: Freight forwarding market size, 2023 (USD Million)
Global freight forwarding market, by region, 2023 (US$M)
Related regional statistics
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