Canada Freight Forwarding Market Size & Outlook, 2023-2030

The freight forwarding market in Canada is expected to reach a projected revenue of US$ 24,056.0 million by 2030. A compound annual growth rate of 3% is expected of Canada freight forwarding market from 2024 to 2030.
Revenue, 2023 (US$M)
$19,536.6
Forecast, 2030 (US$M)
$24,056.0
CAGR, 2024 - 2030
3%
Report Coverage
Canada

Canada freight forwarding market highlights

  • The Canada freight forwarding market generated a revenue of USD 19,536.6 million in 2023 and is expected to reach USD 24,056.0 million by 2030.
  • The Canada market is expected to grow at a CAGR of 3% from 2024 to 2030.
  • In terms of segment, road was the largest revenue generating mode of transport in 2023.
  • Air is the most lucrative mode of transport segment registering the fastest growth during the forecast period.


Freight forwarding market data book summary

Market revenue in 2023USD 19,536.6 million
Market revenue in 2030USD 24,056.0 million
Growth rate3% (CAGR from 2023 to 2030)
Largest segmentRoad
Fastest growing segmentAir
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationRoad, Maritime, Rail, Air
Key market players worldwideKuehne + Nagel International AG, DHL Group, DB Schenker, Expeditors International of Washington Inc, CEVA Inc, DSV AS, FedEx Corp, Uber Technologies Inc, United Parcel Service Inc Class B, Nippon Express Holdings Inc


Other key industry trends

  • In terms of revenue, Canada accounted for 9.4% of the global freight forwarding market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. freight forwarding market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 35,041.5 million by 2030.

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Freight Forwarding Market Companies

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Canada 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 69.42% in 2023. Horizon Databook has segmented the Canada freight forwarding market based on road, maritime, rail, air covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Canada freight forwarding market databook

  • Our clientele includes a mix of freight forwarding market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 country-level data and insights on the Canada freight forwarding market , including forecasts for subscribers. This country databook contains high-level insights into Canada freight forwarding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada freight forwarding market size, by mode of transport, 2018-2030 (US$M)

Canada Freight Forwarding Market Outlook Share, 2023 & 2030 (US$M)

Canada freight forwarding market size, by mode of transport, 2018-2030 (US$M)

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