The Freight Forwarding Market is Predict to reach USD 310.11 Billion by 2032, at a CAGR of 5.0%

Freight Forwarding Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Freight Forwarding Market size is expected to reach $310.11 billion by 2032, rising at a market growth of 5.0% CAGR during the forecast period.

The B2B segment captured the maximum revenue in the Global Freight Forwarding Market by Customer Type in 2024, thereby, achieving a market value of $162.8 billion by 2032. This segment caters to commercial clients such as manufacturers, wholesalers, and retailers, managing large-scale logistics operations. It handles bulk shipments—pallets, containers, or full truckloads—and coordinates complex multimodal transport networks involving air, sea, road, and rail. Services are often delivered through long-term contracts and include customs clearance, warehousing, freight consolidation, and compliance with industry regulations.

The Road segment is experiencing a CAGR of 4 % during the forecast period. This segment emphasizes flexibility and widespread access. It supports everything from small, partial-load shipments to full-truck deliveries, with direct, door-to-door service and adaptable routing that can adjust for traffic or weather. It leverages real-time GPS tracking and specialized vehicles—reefers, tankers, flatbeds—to accommodate various cargo types.

The Transportation & Warehousing segment led the maximum revenue in the Global Freight Forwarding Market by Service in 2024, thereby, achieving a market value of $159.7 billion by 2032. Transportation and warehousing form the foundation of the freight forwarding market, encompassing the core logistics operations necessary for the movement and storage of goods. This service includes the planning and execution of freight transport across various modes—road, rail, air, and sea—along with inventory management, storage facilities, and distribution centers.

The Industrial & Manufacturing segment is growing at a CAGR of 2.9 % during the forecast period. The industrial and manufacturing sector represents one of the largest and most complex application areas within the freight forwarding market. This segment involves the transportation of raw materials, machinery, parts, and finished goods across domestic and international routes. Timely and reliable freight services are critical to maintaining production schedules, minimizing downtime, and supporting just-in-time (JIT) manufacturing models.

Full Report: https://www.kbvresearch.com/freight-forwarding-market/

The Asia Pacific region dominated the Global Freight Forwarding Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $110.3 billion by 2032. The Europe region is anticipated to grow at a CAGR of 4.4% during (2025 - 2032). Additionally, The North America region would witness a CAGR of 4.6% during (2025 - 2032).

List of Key Companies Profiled

• Kuehne + Nagel International AG (Kuehne Holding AG)
• Deutsche Post DHL Group (The Deutsche Post AG)
• Deutsche Bahn AG (DB Schenker)
• DSV A/S
• FedEx Corporation
• Nippon Express Co., Ltd.
• A.P. Moller - Maersk A/S
• CEVA Logistics (CMA CGM Group)
• Uber Freight Holding Corporation (Uber Technologies, Inc.)
• United Parcel Service, Inc.

Freight Forwarding Market Report Segmentation

By Customer Type

• B2B
• B2C

By Mode of Transport

• Road
• Maritime
• Rail
• Air

By Service

• Transportation & Warehousing
• Value Added Services
• Packaging
• Other Service

By Application

• Industrial & Manufacturing
• Retail & e-commerce
• Food & Beverages
• Healthcare
• Oil & Gas
• Media & Entertainment
• Other Application

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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