North America Freight Forwarding Market Size & Outlook

The freight forwarding market in North America is expected to reach a projected revenue of US$ 59,097.6 million by 2030. A compound annual growth rate of 3.9% is expected of North America freight forwarding market from 2024 to 2030.
Revenue, 2023 (US$M)
$45,289.5
Forecast, 2030 (US$M)
$59,097.6
CAGR, 2024 - 2030
3.9%
Report Coverage
North America

North America freight forwarding market highlights

  • The North America freight forwarding market generated a revenue of USD 45,289.5 million in 2023.
  • The market is expected to grow at a CAGR of 3.9% 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.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 45,289.5 million
Market revenue in 2030USD 59,097.6 million
Growth rate3.9% (CAGR from 2023 to 2030)
Largest segmentRoad
Fastest growing segmentAir
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 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, North America region accounted for 21.7% of the global freight forwarding market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 86,619.6 million by 2030.

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Freight Forwarding Market Scope

Freight forwarding market segmentation & scope
Road
Maritime
Rail
Air
B2B
B2C
Transportation & Warehousing
Value Added Services
Packaging
Others
Retail & e-commerce
Healthcare
Food & Beverages
Media & Entertainment
Industrial & Manufacturing
Oil & Gas
Others

Freight Forwarding Market Companies

Name Profile # Employees HQ Website

North America 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 48.18% in 2023. Horizon Databook has segmented the North America 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 North America 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.).
  • 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 continent-level data and insights on the North America freight forwarding market , including forecasts for subscribers. This continent databook contains high-level insights into North America freight forwarding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America freight forwarding market size, by country, 2018-2030 (US$M)

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

North America freight forwarding market size, by country, 2018-2030 (US$M)

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