Freight Forwarding Market Analysis

Customer Type (B2B, B2C)

The B2B segment is estimated to capture freight forwarding market share of around 56% by the end of 2037. B2B clients use their participation in complex supply chain networks to maintain their market supremacy. When items are traded between businesses, they frequently travel through a convoluted process that involves several steps, such as obtaining raw materials, production, and distribution.

Furthermore, technology-driven solutions to improve supply chain visibility and control are actively sought after by B2B customers. This involves implementing real-time tracking, transportation management systems (TMS), and sophisticated analytics tools to optimize routes, cut expenses, and boost overall productivity.

Mode of Transportation (Air, Ocean, Road, Rail)

By 2037, ocean segment share in the freight forwarding market is poised to reach 23%. The segment growth can be credited to the growing transportation of bulky and voluminous goods. According to a report by the World Bank Group, over 80% of commodities are transported by sea, making maritime transport the backbone of global trade. Developing nations rely heavily on shipping, which makes up around 55% of seaborne exports and 61% of imports.

Industries handling enormous items tend to favor ocean freight due to its ability to efficiently handle huge weights and larger quantities. The movement of heavy machinery, raw materials, and other big cargo via ocean freight is cost-effective and logistically convenient, which benefits industries like mining, building, and manufacturing and contributes to its dominance in the global supply chain.

Services (Transportation & Warehousing, Value-added Services, Packaging)

Till 2037, transportation & warehousing segment in the freight forwarding market is expected to witness significant growth rate. E-commerce has been a major driving force in the transportation and logistics sector. Efficient freight forwarding solutions for the management of inventories, order fulfillment, and timely customer delivery are needed by retailers on the Internet.

Furthermore, last-mile delivery is an essential component of e-commerce freight transport, and companies are increasingly investing in innovative solutions to optimize this end part of the shipment process.

Our in-depth analysis of the global freight forwarding market includes the following segments: