Us Freight Forwarding Services Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Freight Forwarding Services Market was valued at USD 150 Billion in 2022 and is projected to reach USD 200 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The U.S. freight forwarding services market is experiencing significant growth, driven by globalization and the increasing complexity of international trade. In 2023, the market generated a revenue of USD 25.75 billion and is projected to reach USD 35.04 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.
Several factors contribute to this upward trajectory:
Globalization: As businesses expand beyond domestic borders, the demand for efficient freight forwarding services rises.
Technological Advancements: Innovations in logistics technology streamline operations, making freight forwarding more efficient and reliable.
Economic Growth: A robust economy boosts manufacturing and trade activities, increasing the need for freight services.
In 2023, road transport dominated the U.S. freight forwarding market, accounting for the largest revenue share. However, air freight is emerging as the fastest-growing segment, expected to register significant growth during the forecast period. This shift is attributed to the need for faster delivery times and the increasing demand for high-value, time-sensitive goods.
Industry discussions reveal a dynamic landscape. For instance, a Reddit user noted that freight forwarders faced challenges securing vessel space for active customers over the past two years. Now, with increased vessel capacity and dropping rates, forwarders are eager to expand their market share after a period of stagnation.
Another Reddit discussion highlighted the potential for growth in the freight forwarding sector. A user suggested that starting a freight forwarding company could be feasible by hiring knowledgeable shippers, securing contracts with shipping companies, and gradually building a client base. This perspective underscores the market's openness to new entrants and the opportunities available for businesses willing to navigate the complexities of the industry.
In my experience, the freight forwarding industry requires adaptability and a keen understanding of global trade dynamics. Collaborating with reliable partners and investing in technology are crucial steps to stay competitive. The market's projected growth offers promising opportunities for those prepared to meet the evolving demands of international logistics.
It's worth noting that the global freight forwarding market is also on an upward trend, with projections estimating it will reach USD 344.46 billion by 2033, growing at a CAGR of 4.6% from 2025 to 2033. This global perspective indicates a robust and expanding industry, with the U.S. playing a significant role in its development.
As the market continues to evolve, stakeholders must stay informed about industry trends, technological advancements, and regulatory changes to capitalize on emerging opportunities in the U.S. freight forwarding services market.
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Kuehne + Nagel
DHL Group
Sinotrans
DB Schenker Logistics
GEODIS
Panalpina
DSV
Bolloré Logistics
Expeditors
Dachser
Nippon Express
CEVA Logistics
Pantos Logistics
Agility Logistics
Hellmann
Damco
KWE
Hitachi Transport
UPS Supply Chain
Sankyu
Kerry Logistics
Logwin
CJ Korea Express
C.H.Robinson
Yusen Logistics
NNR Global Logistics
Dimerco
Toll Holdings
Pilot Freight Services
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Freight Forwarding Services Market
Air Freight Forwarding
Ocean Freight Forwarding
Ground Freight Forwarding
Rail Freight Forwarding
Multimodal Freight Forwarding
Manufacturing
Retail
Pharmaceuticals
Automotive
Consumer Goods
Aerospace
Containerized Cargo
Bulk Cargo
Project Cargo
Break-bulk Cargo
Refrigerated Cargo
Small and Medium Enterprises (SMEs)
Large Enterprises
E-commerce Companies
Third-Party Logistics Providers (3PLs)
Government Agencies
Traditional Freight Forwarding
Digital Freight Forwarding
Automated Freight Solutions
Blockchain-based Freight Solutions
Artificial Intelligence and Machine Learning Integration
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Freight Forwarding Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Freight Forwarding Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Freight Forwarding Services Market, By Type
6. Global Freight Forwarding Services Market, By Application
7. Global Freight Forwarding Services Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Freight Forwarding Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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