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Freight Forwarding Market Share

Report ID: GMI6509
Published Date: Aug 2023
Report Format: PDF

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Freight Forwarding Market Share

Major companies operating in the freight forwarding market are

Bollore Logistics
CEVA Logistics
DB Schenker
DHL Global Forwarding
DSV Global Transports and Logistics
Expeditors International
FedEx Corp.
Kuehne + Nagel International AG
Nippon Express Co. Ltd.
United Parcel Service

These key companies adopt strategies, such as technology integration, global network expansion, specialized services, supply chain optimization, and customer-centric solutions, to stay competitive in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of freight forwarding reached USD 191.6 billion in 2022 and is set to witness 4% CAGR through 2023-2032, due to globalization and the expansive growth in international trade.

Ocean freight forwarding segment registered 25% of market share in 2022, impelled by rising application scope in the transportation of bulky & voluminous goods.

North America held 30% of the freight forwarding market share in 2022, due to the increasing advances in the manufacturing and industrial sectors in the region.

Some of the leading freight forwarding companies are Bollore Logistics, CEVA Logistics, DB Schenker, DHL Global Forwarding, DSV Global Transports and Logistics, Expeditors International, FedEx Corp., and Kuehne + Nagel International AG.