Global Freight Forwarding Market Size & Outlook, 2023-2030
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 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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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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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.
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Global freight forwarding market size, by regions, 2018-2030 (US$M)
Top 10 countries: Freight forwarding market size, 2023 (US$M)
Global freight forwarding market share, by mode of transport, 2023 & 2030 (%, US$M)
Freight forwarding market: Opportunity assessment by country
Global freight forwarding market, by region, 2023 (US$M)
| Mode of Transport | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 39,945.1 | 40,881.9 | 41,674.3 | 42,399.2 | 43,991.8 | 45,289.5 | 46,721.5 | 48,303.6 | 50,054.1 | 51,983.9 | 54,115.8 | 56,476.8 | 59,097.6 | 3.9% |
| Europe | 47,757.8 | 49,714.7 | 51,545.8 | 53,340.2 | 56,291.2 | 58,943.9 | 61,848.7 | 65,037.9 | 68,548.6 | 72,410.0 | 76,670.3 | 81,385.0 | 86,619.6 | 5.7% |
| Asia Pacific | 55,081.3 | 56,997.5 | 58,745.8 | 60,429.8 | 63,394.3 | 65,987.2 | 68,827.8 | 71,946.8 | 75,380.0 | 79,153.3 | 83,312.3 | 87,910.1 | 93,008.7 | 5.0% |
| Latin America | 14,587.2 | 14,764.1 | 14,883.4 | 14,974.7 | 15,365.1 | 15,643.1 | 15,958.8 | 16,316.6 | 16,720.5 | 17,172.8 | 17,679.1 | 18,245.9 | 18,881.1 | 2.7% |
| MEA | 20,067.6 | 20,522.5 | 20,890.0 | 21,207.7 | 21,941.3 | 22,507.2 | 23,117.9 | 23,778.3 | 24,493.9 | 25,266.6 | 26,102.7 | 27,010.1 | 27,997.1 | 3.2% |
| Overall | 177,439.0 | 182,880.7 | 187,739.3 | 192,351.6 | 200,983.7 | 208,370.9 | 216,474.7 | 225,383.2 | 235,197.1 | 245,986.6 | 257,880.2 | 271,027.9 | 285,604.1 | 4.6% |
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