According to Coherent Market Insights, Freight Forwarding Market is estimated to be valued at US$ 184.94 billion in 2025 and is expected to reach US$ 260.41 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.0% from 2025 to 2032. The global freight forwarding market is projected to experience sustained growth through 2032, driven by the expansion of international trade, the surge in e-commerce activity, and the growing demand for efficient global logistics solutions. Freight forwarding services are essential for ensuring the smooth and timely movement of goods across borders, leveraging key transportation modes such as air, sea, and land.
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Global Freight Forwarding Market Key Takeaways
According to Coherent Market Insights (CMI), the global freight forwarding market size is anticipated to grow steadily, totaling USD 184.94 Bn in 2025 and USD 260.41 Bn by 2032.
Global freight forwarding service demand is expected to rise at a CAGR of 5% between 2025 and 2032.
Transportation & warehousing remains a highly sought-after service, accounting for a market revenue share of 46.2% in 2025.
Air freight forwarding segment is set to account for more than two-fifths of the global freight forwarding market share by 2025.
North America, with an estimated share of 41.7% in 2025, is forecast to retain its market dominance during the assessment period.
Rise in International Trade Fueling Freight Forwarding Market Growth
Coherent Market Insights’ latest freight forwarding market analysis outlines key factors spurring industry growth. One such prominent growth driver is the increasing international trade.
There is a significant rise in international trade, especially in emerging nations like India and China. For instance, according to UNCTAD, India’s services export in 2023 surged by 11.4% to $345 billion, despite economic uncertainties.
This surge is expected to drive demand for efficient logistics and freight forwarding services throughout the forecast period. It will likely create numerous revenue-generation opportunities for freight forwarding companies.
Nations are increasingly importing and exporting electronics, automotive, food products, and pharmaceuticals. This is creating a conducive environment for the growth of the freight forwarding market.
Freight forwarders streamline shipping process for businesses by handling the complexities of international trade as well as logistics. They ensure that goods are moved efficiently and compliantly.
Geopolitical Tensions Limiting Market Growth
The global freight forwarding market outlook looks promising, owing to expanding trade activities. However, geopolitical tensions might limit market growth to some extent during the forthcoming period.
Political instability, trade wars, and sanctions disrupt global supply chains. For example, the Russia-Ukraine war and unrest in the Middle East have caused ships to take longer routes, fuel prices to rise, and insurance costs to go up, all of which make shipping more expensive. This, in turn, can negatively impact the freight forwarding market demand.
Booming E-Commerce Sector Opening Revenue Streams for Companies
Rapid growth of e-commerce platforms is creating a strong need for timely and reliable shipping solutions. This is where freight forwarding services step in. They help companies to quickly and cost-effectively transport goods across borders.
Specialized freight forwarding services support cross-border e-commerce by efficiently handling international shipments, customs documentation, and compliance requirements. Thus, e-commerce boom globally will create lucrative opportunities for freight forwarding companies during the assessment period.
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Emerging Freight Forwarding Market Trends
Rising adoption of advanced technologies is a key trend in the freight forwarding market. Companies are using digital platforms, AI, IoT, automation, and blockchain to improve shipment tracking, route optimization, and documentation processes.
Increasing supply chain complexities are putting freight forwarding services into the spotlight. Businesses are outsourcing logistics to freight forwarders for customs clearance, documentation, and multimodal transportation.
Enforcement of stringent compliance regulations is giving a big push to the freight forwarding market. Companies rely on freight forwarders for navigating customs regulations, trade policies, and security standards.
Sustainability is becoming a key area of focus for freight forwarding service providers. They are increasingly using green logistics like electric vehicles and biofuels to reduce carbon footprints and woo eco-conscious customers. For instance, in July 2025, DP World and Asia Terminal Inc. deployed first fleet of electric internal transfer vehicles in Philippines. These new solutions are intended to boost efficiency as well as reduce overall environmental impact.
Analyst’s View
“The global freight forwarding industry is set to experience moderate growth, owing to rising international trade, booming e-commerce, technological advancements, and increasing demand for efficient supply chain solutions,” said a senior analyst at CMI.
Current Events and Their Impact on the Freight Forwarding Market
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Event |
Description and Impact |
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Geopolitical Disruptions & Shipping Reroutes |
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Surge in Alternative Overland Corridors |
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Digital Transformation Pressure |
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Competitor Insights
Key companies in the freight forwarding market report:
– Bolloré Logistics
– Agility Logistics
– DSV
– C.H. Robinson Worldwide Inc.
– DB Schenker
– GEODIS
– CEVA Logistics (a subsidiary of CMA CGM)
– DHL (part of Deutsche Post AG)
– Expeditors International of Washington, Inc.
– FedEx Corporation
– Kuehne+Nagel Inc.
– Hellmann Worldwide Logistics
– UPS (United Parcel Service of America, Inc.)
– Kerry Logistics Network Limited
– Maersk
– Sinotrans Limited
– Nippon Express Co., Ltd.
– Panalpina (part of DSV)
– XPO Logistics, Inc.
– Yusen Logistics Co., Ltd.
Market Segmentation
Mode of Transport Insights (Revenue, US$ Bn, 2020 – 2032)
- Air Freight Forwarding
- Ocean Freight Forwarding
- Road Freight Forwarding
- Rail Freight Forwarding
Services Insights (Revenue, US$ Bn, 2020 – 2032)
- Transportation & Warehousing
- Packaging & Documentation
- Insurance
- Value-added Services (Customs Clearance, Transportation Tracking, and Others)
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Key Developments
In May 2025, DP World and VIMC Lines launched the Mekong Express, a novel domestic coastal logistics service, in Vietnam. The new service provides a quicker, more affordable, and environmentally friendly transport option for cargo owners.
In July 2024, CEVA Logistics began merging Bolloré Logistics into its brand. Together, they now operate as CEVA Logistics, offering services in ocean, air, ground, and rail transport, as well as vehicle logistics, contract logistics, and customs solutions.
In May 2025, DSV expanded its air freight services with the launch of a new Chicago-Shanghai air charter (Shanghai Star). The new charter will deliver multiple weekly scheduled services to streamline shipping as well as support trade between the two nations.
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