Global Freight Forwarding Market Size, Share, Challenges, Growth Report, 2029
Market Size and Growth The freight forwarding market is estimated to be worth USD 176.02 billion in 2024 and is expected to reach USD 215.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.16% during the forecast period. This growth is driven by the increasing need for efficient logistics solutions and the rising volume of global trade. Key Market Trends Increasing Air Freight Usage Air freight is becoming a preferred mode of transport for time-sensitive consignments. Its efficiency in handling perishable and high-value goods makes it an attractive option for businesses looking to minimize transit times. Growth in Cross-Border and Sea Trade The freight forwarding industry has seen significant growth due to the increase in seaborne transport and cross-border trade. The construction of transport, logistics , and trade centres in strategic locations is expected to further boost this trend. Adoption of Advanced Technologies The prompt adoptio