by
According to the Foreclaro Global Research, the
Global
Freight Forwarding Market size was valued at USD 195.6 billion in 2024. The
report “Global Freight Forwarding Market Segmentation By Mode
of Transport (Air Freight, Ocean Freight, Road Freight, Rail Freight, Multimodal
Transport), By Service Type (Full Container Load (FCL), Less than Container
Load (LCL), Breakbulk, Dangerous Goods (HAZMAT)), By Customer Type (B2B
(Manufacturers, Retailers), B2C (E-commerce)), By End-Use Industry (Automotive,
Healthcare & Pharmaceuticals, Consumer Electronics, Food & Beverage, Industrial
& Machinery)- Industry
Trends and Forecast to 2033” gives a detailed insight into current market dynamics and provides
analysis on future market growth.
Freight forwarding is a critical link within
the global supply chain, dealing with and coordinating the movement of
merchandise at some point of international borders through modes alongside air,
sea, rail, road, and multimodal transport. Freight forwarders act as logistics
experts, handling critical services collectively with customs clearance, cargo
insurance, warehousing, and documentation to ensure objects reach their destinations
efficiently and cost-effectively. The sector allows industries beginning from
car and healthcare to consumer electronics and food & beverages, adapting
to the complex desires of global change. Recent developments alongside digital
transformation, real-time shipment tracking, and the upward push of e-commerce
have extensively reshaped operations, the usage of the need for faster and
additional flexible services. While traumatic conditions like volatile gas
prices, regulatory compliance, and geopolitical tensions persist, freight
forwarding keeps increasing through supplying integrated, value-added solutions
tailored to several consumer desires. This evolution positions the business
enterprise as a vital associate in facilitating seamless and resilient
worldwide change.
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Global Freight
Forwarding Market Report Highlights
· The
fast growth of the world's line retail is fueling the demand for speedy,
dependable freight forwarding solutions, specifically for last-mile transport.
· Adoption
of AI, IoT tracking, blockchain, and virtual reserving structures is improving
operational performance and transparency throughout the logistics chain.
· Combining
air, sea, road, and rail shipping allows forwarders to optimize transport time,
cost, and sustainability, specifically on key global alternate routes.
· Offering
services like customs brokerage, temperature-managed shipping, warehousing, and
opposite logistics is becoming vital to satisfy numerous consumer needs.
· Asia-Pacific
leads the increase because of production and alternative growth, even as Europe
and North America become more aware of sustainable, tech-driven freight
solutions.
· Volatile
gas prices, regulatory complexity, and geopolitical dangers persist; however,
the need for resilient, incorporated delivery chains keeps forcing innovation
and investment.
Foreclaro
Global Research has segmented the Freight Forwarding Market report based on Mode
of Transport, Service Type, Customer Type, End-Use Industry and region:
Freight Forwarding Market, Mode of Transport
Outlook (Revenue - USD Million, 2020 - 2033)
Air Freight
Ocean Freight
Road Freight
Rail Freight
Multimodal Transport
Freight Forwarding Market, Service
Type Outlook (Revenue - USD Million, 2020 - 2033)
Full Container Load (FCL)
Less than Container Load (LCL)
Breakbulk
Dangerous Goods (HAZMAT)
Freight Forwarding Market, Customer
Type Outlook (Revenue - USD Million, 2020 - 2033)
B2B (Manufacturers, Retailers)
B2C (E-commerce)
Freight Forwarding Market, End User
Industry Outlook (Revenue - USD Million, 2020 - 2033)
Automotive
Healthcare & Pharmaceuticals
Consumer Electronics
Food & Beverage
Industrial & Machinery
Freight Forwarding Market, Regional
Outlook (Revenue - USD Million, 2020 - 2033)
North
America
·
United
States
·
Canada
·
Mexico
Europe
·
United
Kingdom
·
Germany
·
France
·
Spain
·
Italy
·
Rest
of Europe
Asia
Pacific
·
China
·
India
·
Japan
·
Australia
·
South
Korea
·
Rest
of Asia Pacific
Latin
America
·
Brazil
·
Argentina
·
Rest
of Latin America
Middle East
& Africa
·
Saudi
Arabia
·
South
Africa
·
Rest
of MEA
Global Freight Forwarding Market Key Players
·
DHL Global Forwarding
·
Kuehne + Nagel
·
DB Schenker
·
DSV Panalpina
·
Expeditors International
·
C.H. Robinson
·
Nippon Express
·
UPS Supply Chain Solutions
·
Hellmann Worldwide Logistics
·
Agility Logistics
