Freight Forwarding Market Size

Freight Forwarding Market size was valued at USD 216.47 billion in 2024 and is set to exceed USD 378.88 billion by 2037, expanding at over 4.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of freight forwarding is evaluated at USD 224.09 billion..  In the year 2024, the industry size of freight forwarding is assessed at USD 198.1 Billion.

The freight forwarding market is expanding due to globalization and extensive growth in international trade. According to a report by the World Bank Organization in 2020, the world's exports of goods and services as a percentage of GDP were 28.88%, while imports were 27.94%.  As a result, the rise in the value of commodities exported globally reflects technological developments, globalization, and shifts in international trade.