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What is the current market size of the international freight forwarding industry, and what growth rate is it expected to achieve?
The international freight forwarding market size has grown strongly in recent years. It will grow from $110.95 $ billion in 2024 to $117.71 $ billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to the rise in online shopping, economic development in emerging markets, increasing complexity in supply chains, investments in transportation infrastructure, and stringent trade regulations.
The international freight forwarding market size is expected to see strong growth in the next few years. It will grow to $147.1 $ billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising consumer expectations for fast and reliable deliveries need for resilient and adaptable logistics solutions, growing urban populations, collaborations between logistics providers and technology firms, government policies, and economic incentives in various countries. Major trends in the forecast period include the integration of AI, IoT, and blockchain in logistics, innovations such as digital platforms, demand for automation, adoption of eco-friendly practices and alternative, implementing of sophisticated scanning and screening technologies.
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What are the major drivers contributing to the growth of the international freight forwarding market?
The rise of the e-commerce industry is expected to propel the growth of the international freight forwarding market going forward. The e-commerce industry refers to purchasing and selling products and services over the Internet, allowing businesses and customers to make transactions electronically without physical interaction. The e-commerce industry is growing due to convenience and accessibility, mobile commerce growth, logistics and delivery services, and internet penetration. International freight forwarding supports e-commerce by managing global shipping logistics, customs clearance, cost management, tracking, and regulatory compliance to ensure efficient and timely delivery of goods across borders. For instance, in November 2023, according to the International Trade Administration, a US-based Department of Commerce, as of January 2021, consumer eCommerce made up 36.3% of the total retail market in the UK, with revenue expected to reach $285.60 billion by 2025. Additionally, eCommerce revenues in the UK are projected to grow at an average annual rate of 12.6% by 2025. Therefore, the rise of the e-commerce industry is driving the growth of the international freight forwarding market.
What are the major market segments driving the growth of the international freight forwarding industry?
The international freight forwardingmarket covered in this report is segmented –
1) By Services: Freight Transportation, Warehousing And Distribution, Customs Brokerage, Freight Consolidation, Value-Added Services
2) By Mode Of Transportation: Ocean, Road, Air, Rail
3) By Customer: Business-To-Business (B2B), Business-To-Consumer (B2C)
4) By End-User: Manufacturing, E-Commerce And Retail, Automotive, Healthcare And Pharmaceuticals, Oil And Gas, Food And Beverage, Consumer Goods, Other End-Users
Subsegments:
1) By Freight Transportation: Ocean Freight, Air Freight, Land Freight (Road and Rail), Multimodal Freight
2) By Warehousing and Distribution: Inventory Management, Order Fulfillment, Cross-Docking, Distribution Center Services
3) By Customs Brokerage: Import Customs Clearance, Export Customs Clearance, Tariff and Duty Management, Regulatory Compliance Services
4) By Freight Consolidation: Less-than-Container Load (LCL), Less-than-Truckload (LTL), Full-Container Load (FCL), Groupage Services
5) By Value-Added Services: Packaging and Labeling, Supply Chain Consulting, Insurance Services, Temperature-Controlled Logistics, Risk Management
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What technological trends are expected to redefine the international freight forwarding market?
Major companies in the international freight forwarding market are developing streamlined digital workflows and advanced analytics solutions, such as enterprise resource planning (ERP) products, to enhance operational efficiency and streamline logistics processes. Enterprise resource planning (ERP) products are integrated software systems that centralize data and provide real-time insight into operations, allowing for better coordination, efficiency, and decision-making by streamlining procedures. For instance, in June 2022, DP World, a UAE-based logistics company, launched CARGOES Runner. It is a creative system designed to streamline the entire freight forwarding business, increasing efficiency and profitability per shipment. It provides a user-friendly dashboard that streamlines the quotation process by providing quick access to and control over bids. It offers key advantages, including digital invoicing, which eliminates paperwork and increases transaction efficiency. The platform encourages a digital-first strategy, which overcomes the constraints caused by antiquated legacy systems to greatly improve the customer experience and operational efficiency.
Who are the key market players contributing to the growth of the international freight forwarding industry?
Major companies operating in the international freight forwarding market are DHL Group, United Parcel Service of America Inc., FedEx Corporation, Kühne + Nagel International AG, DSV Panalpina A/S, Schenker Deutschland AG, Nippon Express Co. Ltd., GEODIS SA, DACHSER Group SE & Co. KG, CJ Logistics Corporation, Hellmann Worldwide Logistics SE & Co. KG, Kintetsu World Express Inc., Yusen Logistics Co. Ltd., Sankyu Inc., Agility Public Warehousing Company, Bolloré Logistics Netherlands B.V, Dimerco Express India Private Limited, Uber Freight LLC, CEVA Logistics India Private Limited, Sinotrans India Private Limited, Panalpina Welttransport Holding AG
Which regions are leading the growth of the international freight forwarding market globally?
Asia-Pacific was the largest region in the international freight forwarding market in 2024. The regions covered in the international freight forwarding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The International Freight Forwarding Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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