Freight Forwarding Market Growth, Trends And Global Forecast

The freight forwarding market reached USD 175.1 billion in 2023 and is projected to reach USD 245.2 billion by 2031, growing at a CAGR of 4.3% from 2024 - 2031. The market facilitates global trade by managing the transportation of goods, among others, and is driven by factors such as the growth of e-commerce, and encompasses air, ocean, and land transportation services. Segmentation of the market includes segmentation by service, mode of transportation, customer, and end-user. The industry is growing rapidly due to factors such as advancements in healthcare technology. The report focuses on North America, South America, Europe, Asia-Pacific, and the Middle East and Africa, with strengths in various analytical and regional analysis methods such as supply and demand analysis, market size estimation, and also analyzes the competitive landscape using Porter's Five Forces model.