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International Freight Forwarding Market Share

Report ID: GMI10382
Published Date: Jul 2024
Report Format: PDF

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International Freight Forwarding Market Share

DHL, Kuehne + Nagel, and DSV Global dominate the market with around 8% of the market share. DHL Supply Chain & Global Forwarding is a global leader in contract logistics and international freight forwarding. They provide a wide range of services, including warehousing, transportation, packaging, and value-added services such as customs brokerage and lead logistics management. They serve businesses of all sizes across diverse industries, from automotive and consumer goods to life sciences and retail.

Kuehne + Nagel specializes in contract logistics, air, ocean, and overland freight forwarding, along with tailored solutions for specific industries. The company is renowned for its expertise in sea freight and integrated logistics solutions, which seamlessly combine multiple services for clients. They prioritize innovation and technology adoption, investing in areas such as artificial intelligence and data analytics to enhance transportation and logistics efficiency.

International Freight Forwarding Market Companies

Major players operating in the international freight forwarding industry are:

Kuehne + Nagel
DB Schenker
DHL Supply Chain & Global Forwarding
UPS Supply Chain Solutions
DHL Express
Expeditors International
C.H. Robinson
CEVA Logistics
Panalpina (part of DSV Panalpina)
Nippon Express
Expeditors International
Sinotrans

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of international freight forwarding reached USD 112.1 billion in 2023 and will witness 4.5% CAGR from 2024 to 2032, owing to increasing globalization and international trade agreements, the rise of e-commerce and just-in-time delivery practices.

The ocean segment recorded 40% of the international freight forwarding industry share in 2023, attributed to the cost-effectiveness and capacity of ocean freight, the growing global trade and the expansion of port infrastructure.

Asia Pacific market held over 35% share in 2023, driven by the region's strategic location, extensive port infrastructure, robust economic growth and expanding manufacturing sector.

Kuehne + Nagel, DB Schenker, DHL Supply Chain & Global Forwarding, UPS Supply Chain Solutions, DHL Express, Expeditors International, C.H. Robinson, CEVA Logistics, Panalpina (part of DSV Panalpina), Nippon Express, Expeditors International, and Sinotrans, among others.