FREIGHT FORWARDING MARKET ANALYSIS

Freight Forwarding Market Size and Trends

The 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.

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Freight forwarding helps manufacturers and shippers to transport their goods safely and efficiently to their customers worldwide. The industry handles a huge volume of cargo shipments on a daily basis including important and time-critical shipments.

The freight forwarding market is expected to witness positive growth over the next decade. Increasing global trade and demand for overseas goods driven by growing e-commerce is expected to boost the demand for freight forwarding services. Adoption of technology and digitization of documentation processes is also anticipated to provide opportunities for freight forwarders to enhance operational efficiencies and provide value added services to customers. Consolidation of freight forwarders is another trend being witnessed in the industry.

Globalization of Supply Chains

As international trade continues to grow exponentially, the need for efficient logistics and transportation networks has never been greater. Manufacturers and retailers are sourcing materials, components and finished goods from all corners of the globe in their efforts to reduce costs and stay competitive. This complex web of global supply chains has made the role of freight forwarders increasingly important. As companies extend their reach into new international markets and pursue multi-continental sourcing strategies, they rely on freight forwarders to expertly navigate the numerous regulatory hassles, paperwork demands and logistical challenges associated with cross-border shipments. Freight forwarders allow businesses to focus on their core operations while seamlessly coordinating the movement of goods across land, sea and air. Their expertise in customs clearance, warehousing, tracking shipments and dealing with various transport modes empowers companies of all sizes to import and export with ease. Outsourcing freight logistics to experienced providers simply makes good business sense as global sourcing becomes the norm rather than exception. This rapid globalization of supply chains serves as a major driver propelling the freight forwarding industry forward.