
Freight Forwarding Market Size Was Valued at USD 169.54 Billion in 2023, and is Projected to Reach USD 251.09 Billion by 2032, Growing at a CAGR of 4.46% From 2024-2032.
Freight forwarding is the coordination and Transportation of goods from one place to another place through single or multiple carriers via air, marine, rail, or highway.Freight forwarding plays a key role in international trade and logistics by being the foundation for the smooth and prompt transportation of goods between different regions.Freight Forwarding involves having skills in dealing with the details of customs regulations. They handle the necessary paperwork and procedures for customs clearance, guaranteeing compliance with import and export laws. This involves creating customs declarations, determining duties and taxes, and working with customs authorities to ensure the efficient clearance of goods.
Freight forwarding helps in the arrangement of transportation are expert in coordinating the shipment of goods, and selecting the most optimal and economical transportation methods depending on the type of cargo and the final location. They work with transportation companies and oversee the booking process to ensure shipments arrive at their destination promptly and undamaged, whether traveling by sea, air, road, or rail.A large number of papers are needed for global business transactions, like bills of lading, airway bills, commercial invoices, certificates of origin, and customs declarations. Effectively handling these documents is essential for facilitating the smooth flow of goods across international borders.
Freight forwarders can organize insurance protection for goods being transported by sea, air, or land being transported. This ensures that the cargo is safeguarded from loss or damage while being transported, giving the shipper and the recipient peace of mind.Freight Forwarding also offers storage services for goods to be temporarily kept before or after being shipped. This can be especially helpful for coordinating shipments or holding goods because of unexpected delays. Freight forwarders can serve as the sole point of contact for overseeing a complete supply chain. This involves working with suppliers, manufacturers, and retailers, and overseeing inventory.
Top Active Players Involved Are:
“DHL Global Forwarding (Germany), Kuehne + Nagel (Switzerland), DB Schenker (Germany), DSV Panalpina (Denmark), Expeditors International (USA), UPS Supply Chain Solutions (USA), Nippon Express (Japan), Sinotrans (China), Hellmann Worldwide Logistics (Germany), CEVA Logistics (France), Bolloré Logistics (France), Panalpina (Switzerland), Yusen Logistics (Japan), Geodis (France), Agility Logistics (Kuwait), C.H. Robinson Worldwide (USA), Kerry Logistics (Hong Kong), FedEx Trade Networks (USA), Pilot Freight Services (USA), Dachser (Germany), Damco (Denmark), Hitachi Transport System (Japan), Rhenus Logistics (Germany), Sankyu (Japan), Kintetsu World Express (Japan) and Other Active Players. and Other Active Players.”
The freight Forwarding market is segmented on the basis of Service Type, Mode of Transport, Customer Type, Logistics Model, and Application.
Freight Forwarding Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 169.54 Bn. |
Forecast Period 2024-32 CAGR: |
4.46 % |
Market Size in 2032: |
USD 251.09 Bn. |
Segments Covered: |
By Service Type |
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By Mode of Transport |
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By Customer Type |
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By Logistics Model |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Freight Forwarding Market by By Service Type
4.1 Freight Forwarding Market Snapshot and Growth Engine
4.2 Freight Forwarding Market Overview
4.3 Transportation and Warehousing
4.3.1 Introduction and Market Overview
4.3.2 Historic and
The forecast period in the Freight Forwarding Market research report is 2024-2032.
DHL Global Forwarding (Germany), Kuehne + Nagel (Switzerland), DB Schenker (Germany), DSV Panalpina (Denmark), Expeditors International (USA), UPS Supply Chain Solutions (USA), Nippon Express (Japan), Sinotrans (China), Hellmann Worldwide Logistics (Germany), CEVA Logistics (France), Bolloré Logistics (France), Panalpina (Switzerland), Yusen Logistics (Japan), Geodis (France), Agility Logistics (Kuwait), C.H. Robinson Worldwide (USA), Kerry Logistics (Hong Kong), FedEx Trade Networks (USA), Pilot Freight Services (USA), Dachser (Germany), Damco (Denmark), Hitachi Transport System (Japan), Rhenus Logistics (Germany), Sankyu (Japan), Kintetsu World Express (Japan) and Other Active Players.
The Freight Forwarding Market is segmented into Service Type, Mode of Transport, Customer Type, Logistics Model, Application, Segment6, and region. By Service Type, the market is categorized into Transportation and Warehousing, Packaging and Documentation, and Value-added Services. By Mode of Transport, the market is categorized into Land Freight Forwarding, Sea Freight Forwarding, and Air Freight Forwarding. By Customer Type, the market is categorized into B2B and B2C. The logistics Model categorizes the market into First Party Logistics, Second Party Logistics, and Third-Party Logistics. By Application, The Market Is Categorized into Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Freight forwarding is the coordination and Transportation of goods from one place to another place through single or multiple carriers via air, marine, rail, or highway.
Freight Forwarding Market Size Was Valued at USD 169.54 Billion in 2023, and is Projected to Reach USD 251.09 Billion by 2032, Growing at a CAGR of 4.46% From 2024-2032.