Freight Forwarding Market Size, Share & Trends Analysis growing at a CAGR of 4.9% from 2025 to 2030

The global freight forwarding market size was estimated at USD 216.47 billion in 2024 and is projected to reach USD 285.60 billion by 2030, growing at a CAGR of 4.9% from 2025 to 2030. Globalization has played a central role in propelling the growth of the market.

Key Market Trends & Insights

  • Asia Pacific freight forwarding market led the global market with a revenue share of 31.8% in 2024.
  • The rapid expansion of e-commerce in India freight forwarding market.
  • By mode of transport, the road segment dominated the overall market with a revenue share of 48.5% in 2024.
  • By customer type, the B2B segment dominated with a revenue share of 55.1% in 2024.
  • Based on service, the transportation & warehousing segment held a dominant position in 2024 and is anticipated to reach a CAGR of 5.2%.

Market Size & Forecast

  • 2024 Market Size: USD 216.47 Billion
  • 2030 Projected Market Size: USD 285.60 Billion
  • CAGR (2025-2030): 4.9%
  • Asia Pacific: Largest market in 2024

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As businesses increasingly expand their operations beyond their domestic borders and engage in international trade, the demand for efficient and dependable freight forwarding services has experienced a substantial upswing. This surge in demand is primarily attributed to companies actively sourcing raw materials, components, and finished products from various countries while simultaneously selling their goods to a global customer base. This global expansion and integration of business activities necessitate the specialized knowledge and services freight forwarders offer to manage the intricate logistics inherent in global trade effectively.

As businesses venture into the global marketplace, they encounter many logistical challenges and complexities. These complexities stem from varying regulations, customs procedures, transport modes, and geographic distances in international commerce. To navigate these challenges successfully, companies require the expertise and support of freight forwarders who understand the intricacies of international logistics. Freight forwarders serve as intermediaries between businesses and the various entities involved in transporting and delivering goods, including shipping lines, airlines, trucking companies, customs authorities, and more. 

The rapid expansion of e-commerce has also profoundly impacted the market’s growth. Online retail and digital marketplaces have experienced significant growth as consumers increasingly prefer to shop online, transforming how products are sourced and sold. This shift towards digital commerce often involves international trade, which presents intricate supply chain logistics challenges that are met by freight forwarders. Online retailers and e-commerce platforms rely heavily on freight forwarders to efficiently move goods from manufacturers, often located in different countries, to consumers spread across the globe. This reliance on specialized logistics companies has become a hallmark of the e-commerce supply chain.

Online retail businesses acquire goods from a worldwide network of manufacturers to provide customers with various products. Freight forwarding holds a pivotal position in orchestrating the movement of these goods, guaranteeing their smooth transition from the manufacturer’s base to the online retail firm’s distribution hubs or storage facilities. This entails managing the intricate aspects of international shipping, customs processes, and legal requirements, which can significantly differ between countries. Additionally, online retail firms often need to disseminate products to customers across the globe, necessitating a sophisticated approach to worldwide supply chain management. Freight forwarders are indispensable collaborators in devising transportation routes, opting for the most suitable modes of transport (whether by air, sea, or land), and overseeing the freight forwarding processes necessary for delivering goods to customers’ residences. They possess the necessary expertise to navigate the complexities of international trade and guarantee the timely and efficient movement of merchandise.

Freight Forwarding Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 225.38 billion

Revenue forecast in 2030

USD 285.60 billion

Growth rate

CAGR of 4.9% from 2025 to 2030

Base year for estimation

2024

Historical data

2018 – 2023

Forecast period

2025 – 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2025 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Mode of transport, customer type, service, application, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Mexico; UK; Germany; France; China; India; Japan; Australia; South Korea; Brazil; UAE; Saudi Arabia; South Africa

Key companies profiled

Kuehne+Nagel; Deutsche Post AG; DB Schenker; Expeditors International of Washington, Inc.; CEVA Freight forwarding; DSV; FedEx; Uber Technologies, Inc.; United Parcel Service of America, Inc.; NIPPON EXPRESS HOLDINGS

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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