Transportation Products & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Freight Forwarding Services
Overview
Market size
$225.3B
global, USD
CAGR
4.8%
base to forecast
Buyer power
-1.6
supplier-favoured
Suppliers
5
tracked players
Signals
12
6 high severity
Market outlook
2031$284.8B
What changed
Demand by region
Asia Pacific demand40%
North America demand25%
Europe demand22%
Latin America demand7%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Aviation fuel and ocean bunker fuel30%
Labor and freight handling operations25%
Carrier capacity procurement (ocean and air freight buy)25%
Digital infrastructure and cloud logistics systems12%
Facility overhead and last-mile integration8%
share of delivered cost (analyst estimate)