Freight Forwarding Market to reach $14.5 Billion by 2030; Increasing consumer demand for faster, more reliable deliveries, the rise of digitalization in logistics, and the growing need for flexible, cost-effective supply chain solutions are fueling t

The Freight Forwarding Market size is estimated to reach $14.5 Billion by 2030, growing at a CAGR of 6.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Freight Forwarding Market – By Service Type (Packaging, Documentation, Transportation and warehousing, Value added service and Others), By Delivery Mode (Roadways, Airways, Seaways and Railways) ,By Application (Food & Beverage, Industrial, Manufacturing, Retail, Healthcare, Oil and Gas and Others) and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

The growth of e-commerce is significantly driving the market, as businesses require faster and more efficient logistics solutions to meet rising consumer demand. Additionally, the globalization of trade is expanding cross-border shipping needs, further fueling the growth of the freight forwarding market growth during the forecast period.

In 2023, the North America region held the largest share of 35% in the Freight Forwarding Market, particularly driven by the rapid growth in e-commerce and retail sales. This success is attributed to the region's advanced digital infrastructure, high internet penetration, and strong consumer demand. A significant shift towards online shopping has been fueled by the increasing adoption of e-commerce platforms and digital payment solutions. According to a February 2024 article by Talking Logistics, the United States has solidified its position as the leader in the North American e-commerce logistics market, driven by its cutting-edge technologies and robust infrastructure. Over the past decade, online sales in the U.S. have seen impressive annual growth, ranging from 13% to 18%. Furthermore, North American retailers have increasingly embraced omnichannel strategies, blending online and offline sales to enhance efficiency and improve the customer experience. An August 2024 report by Digital Commerce 360 highlighted that U.S. retail e-commerce sales in Q2 2024 reached $291.6 billion, with total U.S. retail sales at approximately $1.827 trillion. This shift has significantly boosted demand for logistics and warehousing services in the region, as e-commerce companies and retailers continue to invest in infrastructure and technology to meet the rising need for faster deliveries and improved customer service.

 

According to the International Trade Administration, global e-commerce sales have been steadily increasing year over year, with the global B2B e-commerce market expected to reach $36 trillion by 2026, while global B2C e-commerce revenue is projected to grow to $5.5 trillion by 2027. The rise of online shopping has driven a massive increase in the volume of goods being transported, as consumers demand faster deliveries and greater convenience. This surge in demand for quicker, more reliable delivery services has compelled businesses to heavily invest in advanced logistics technologies and infrastructure. A critical component of this expanding market is reverse logistics, which focuses on managing product returns, exchanges, and disposal. As e-commerce volumes continue to grow, so does the volume of returns, making reverse logistics essential for maintaining customer satisfaction and ensuring efficient supply chain operations. Companies are investing in robust systems to handle returns quickly and cost-effectively, thereby reducing expenses and improving inventory management. The expansion of e-commerce has also spurred new business models, including omnichannel retailing and direct-to-consumer shipping. For instance, in November 2024, Unicommerce acquired Shipway, a Gurugram-based e-commerce technology platform, to enhance its capabilities in the competitive courier aggregation and shipping automation market.

As international trade continues to grow, there is an increasing demand for efficient, reliable, and cost-effective transportation solutions. The rise of globalization has led to more complex supply chains, with businesses sourcing raw materials and distributing goods across international borders to markets on different continents. This has amplified the need for seamless logistics services capable of managing long-distance transportation across various modes—sea, air, rail, and road—while navigating complex regulations, customs procedures, and diverse market conditions. For example, in August 2024, DP World, a global leader in logistics and trade, announced the launch of 51 new freight forwarding offices across the Asia-Pacific (APAC) region. This expansion strengthens the company’s position as a comprehensive supply chain solutions provider, addressing the growing demands of APAC’s dynamic logistics market. The expanded network, with a strong focus on air and ocean freight, is supported by DP World’s robust infrastructure, including ports, terminals, warehouses, trucks, rail, and vessels. As countries enhance trade agreements, invest in infrastructure, and ease trade barriers, the logistics sector plays an increasingly critical role in enabling smoother and more efficient global commerce.

Key companies profiled in the Freight Forwarding Market are Deutsche Post DHL Group, Kuehne + Nagel, C.H. Robinson, Bollore Logistics, Nippon Express Co. Ltd, DB Schenker, The Maersk Group, FedEx Corp., DSV Global Transports and Logistics, Hellmann Worldwide Logistics and others.

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