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Global Freight and Shipping Services Market

ID: MRFR/Professional Services/66225-CR
200 Pages
MRFR Team
December 2025

Global Freight and Shipping Services Market Size, Share and Trends Analysis Research Report Information By End Use (Retail, Manufacturing, Construction, Pharmaceutical), By Cargo Type (Containerized Cargo, Bulk Cargo, Liquid Cargo, Breakbulk Cargo), By Service Type (Freight Forwarding, Shipping Agency, Customs Brokerage, Logistics Management), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035.

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Global Freight and Shipping Services Market Summary

As per MRFR analysis, The Global Freight and Shipping Services was estimated at 4.5 USD Billion in 2024. The freight and shipping industry is projected to grow from 4.63 USD Billion in 2025 to 6.2 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.96 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Global Freight and Shipping Services is poised for robust growth driven by technological advancements and evolving consumer demands.

  • Technological integration is reshaping operational efficiencies across the freight and shipping landscape.
  • Sustainability initiatives are increasingly influencing corporate strategies in North America and Asia-Pacific.
  • E-commerce growth is significantly impacting logistics management, particularly in the Asia-Pacific region.
  • Technological advancements and The Global Freight and Shipping Services forward.

Market Size & Forecast

2024 Market Size 4.5 (USD Billion)
2035 Market Size 6.2 (USD Billion)
CAGR (2025 - 2035) 2.96%

Major Players

A.P. Moller - Maersk (DK), Mediterranean Shipping Company (CH), CMA CGM (FR), Hapag-Lloyd (DE), Evergreen Marine Corporation (TW), COSCO Shipping (CN), Yang Ming Marine Transport Corporation (TW), Hanjin Shipping (KR)

Global Freight and Shipping Services Market Trends

The Global Freight and Shipping Services is currently experiencing a dynamic transformation, driven by various factors that influence logistics and transportation. The increasing demand for efficient supply chain solutions appears to be a primary catalyst for growth. Companies are increasingly seeking innovative methods to enhance their operational efficiency, which may involve adopting advanced technologies and optimizing routes. Furthermore, the rise of e-commerce has significantly altered consumer expectations, necessitating faster and more reliable shipping options. This shift in consumer behavior suggests that businesses must adapt to remain competitive in a rapidly evolving landscape. In addition to technological advancements, sustainability has emerged as a critical consideration within The Global Freight and Shipping Services. Stakeholders are increasingly aware of the environmental impact of logistics operations, prompting a shift towards greener practices. This trend indicates a growing emphasis on reducing carbon footprints and implementing eco-friendly solutions. As the market continues to evolve, it is likely that companies will prioritize sustainability alongside efficiency, creating a more balanced approach to freight and shipping services. Overall, the interplay of technology, consumer demands, and environmental considerations shapes the current state of the market, suggesting a complex yet promising future ahead.

Technological Integration

The integration of advanced technologies into logistics operations is reshaping The Global Freight and Shipping Services. Automation, artificial intelligence, and data analytics are being utilized to streamline processes, enhance tracking capabilities, and improve decision-making. This trend indicates a shift towards more efficient and transparent supply chains.

Sustainability Initiatives

Sustainability initiatives are gaining traction within The Global Freight and Shipping Services. Companies are increasingly adopting eco-friendly practices, such as utilizing alternative fuels and optimizing transportation routes to minimize emissions. This focus on environmental responsibility suggests a long-term commitment to reducing the industry's carbon footprint.

E-commerce Influence

The influence of e-commerce on The Global Freight and Shipping Services is profound. As online shopping continues to grow, the demand for rapid and reliable shipping solutions intensifies. This trend highlights the necessity for logistics providers to adapt their services to meet the evolving expectations of consumers.

Market Segment Insights

By Service Type: Freight Forwarding (Largest) vs. Logistics Management (Fastest-Growing)

In The Global Freight and Shipping Services, the distribution of market share reveals that Freight Forwarding dominates as the largest service type, significantly outpacing its competitors. Meanwhile, Logistics Management has emerged as a vital player with a growing footprint, reflecting an increasing demand for integrated solutions. As a result, these segments collectively illustrate the dynamic landscape of freight services, with emerging players gaining momentum against established leaders.

Freight Forwarding (Dominant) vs. Logistics Management (Emerging)

Freight Forwarding remains the dominant force within The Global Freight and Shipping Services, thanks to its well-established networks and strategic partnerships that enhance efficiency and reliability in transportation. This segment is pivotal for businesses needing comprehensive shipping solutions across borders. Conversely, Logistics Management is an emerging segment, characterized by its rapid adoption of technology and innovative practices that streamline operations. As businesses seek to optimize their supply chains, Logistics Management offers integrated approaches to inventory, distribution, and transportation, positioning itself as a crucial solution for future growth.

By Mode of Transport: Maritime (Largest) vs. Air (Fastest-Growing)

In The Global Freight and Shipping Services, the maritime transport segment commands the largest share, showcasing its integral role in global trade. This mode is preferred for transporting large volumes over long distances, characterized by its cost-effectiveness for bulk shipments. Conversely, the air transport segment, while holding a smaller share, has emerged as the fastest-growing mode due to its speed and efficiency, catering to a market that increasingly values rapid delivery times. The growth of the air transport segment is driven by rising e-commerce activities and heightened demand for just-in-time delivery systems. Innovations in logistics technology, enhanced air cargo capacities, and the expansion of international trade routes further contribute to air freight's rapid rise. Meanwhile, the maritime segment continues to thrive, bolstered by strong demand in international shipping driven by globalization and supply chain optimization strategies.

Maritime (Dominant) vs. Rail (Emerging)

The maritime segment stands as the dominant player in The Global Freight and Shipping Services due to its unparalleled capacity for transporting bulk goods across extensive distances. Its efficiency in shipping large volumes at lower costs makes it a preferred choice for international trade. Conversely, the rail sector has emerged as an up-and-coming alternative, gaining traction for its cost-effective and eco-friendly transportation solutions. Rail freight benefits from advancements in infrastructure and technology, positioning it as a viable contender for markets seeking sustainable logistics solutions. While maritime transport excels in volume capacity, rail's rapid development and environmental advantages render it an attractive emerging option, particularly for landlocked regions seeking reliable freight solutions.

By End Use: Retail (Largest) vs. Pharmaceutical (Fastest-Growing)

In The Global Freight and Shipping Services, the retail segment holds the largest market share, driven by the demand for swift delivery solutions in e-commerce and brick-and-mortar stores. This segment's contribution is significantly bolstered by increased consumer spending patterns and the rising trend of online shopping. Meanwhile, the pharmaceutical sector, while smaller in comparison, is emerging as a crucial driver in the logistics space due to the demand for temperature-controlled supply chains and timely delivery of essential medications.

Retail (Dominant) vs. Pharmaceutical (Emerging)

The retail segment in The Global Freight and Shipping Services is characterized by its vast network of distribution channels and the need for rapid logistics to meet consumer demands. Retailers are investing heavily in optimizing their shipping processes and supply chains, creating a strong demand for freight services. In contrast, the pharmaceutical sector, marked as an emerging segment, focuses on specialized logistics to handle sensitive drugs that require specific storage and transportation conditions. This growing sub-sector prioritizes efficiency and reliability, reflecting the increasing importance of swift delivery in maintaining the quality and efficacy of healthcare products. As regulations tighten and global demand for pharmaceuticals rises, this segment is expected to expand rapidly.

By Cargo Type: Containerized Cargo (Largest) vs. Liquid Cargo (Fastest-Growing)

The Global Freight and Shipping Services has distinctive segments, with containerized cargo leading in market share. This segment benefits from the efficiency and versatility of containers, making it the preferred choice for international trade. Bulk cargo follows closely, with significant contributions from sectors like agriculture and mining, while liquid cargo, including chemicals and oils, holds a crucial position in the market. Breakbulk cargo, though valuable, represents a smaller share due to its handling complexities.

Containerized Cargo (Dominant) vs. Liquid Cargo (Emerging)

Containerized cargo stands out as the dominant segment in The Global Freight and Shipping Services due to its adaptability and cost-effectiveness, facilitating the transport of a diverse range of goods. The rise of online retail and globalization further solidifies its position. In contrast, liquid cargo is an emerging segment that is gaining traction, largely driven by the increasing demand for oil and chemical products. As industries evolve, the infrastructure for transporting liquid cargo is improving, thereby enhancing its market presence and creating growth opportunities.

Get more detailed insights about Global Freight and Shipping Services Market

Key Players and Competitive Insights

The Global Freight and Shipping Services is characterized by a dynamic competitive landscape, driven by factors such as increasing global trade, technological advancements, and a growing emphasis on sustainability. Major players like A.P. Moller - Maersk (DK), Mediterranean Shipping Company (CH), and CMA CGM (FR) are strategically positioned to leverage these trends. A.P. Moller - Maersk (DK) has focused on digital transformation and sustainability initiatives, aiming to achieve carbon neutrality by 2050. Mediterranean Shipping Company (CH) emphasizes fleet modernization and operational efficiency, while CMA CGM (FR) is investing in innovative logistics solutions to enhance service offerings. Collectively, these strategies shape a competitive environment that is increasingly focused on efficiency and environmental responsibility.Key business tactics within the market include supply chain optimization and localized service offerings, which are essential for meeting diverse customer needs. The competitive structure appears moderately fragmented, with several key players exerting significant influence. This fragmentation allows for a variety of service offerings, yet the presence of dominant players like A.P. Moller - Maersk (DK) and Mediterranean Shipping Company (CH) suggests a competitive hierarchy that shapes market dynamics.

In November A.P. Moller - Maersk (DK) announced a partnership with a leading technology firm to develop AI-driven logistics solutions aimed at enhancing operational efficiency. This strategic move is likely to bolster Maersk's position in the market by streamlining processes and reducing costs, thereby improving service delivery. Similarly, in October 2025, Mediterranean Shipping Company (CH) unveiled a new eco-friendly vessel designed to reduce emissions by 30%, reflecting its commitment to sustainability and innovation in fleet management. This initiative not only enhances MSC's environmental credentials but also positions the company favorably in a market increasingly driven by eco-conscious consumers.

In September CMA CGM (FR) launched a digital platform that integrates real-time tracking and predictive analytics for its shipping services. This platform is expected to enhance customer experience by providing greater transparency and reliability in shipping schedules. Such advancements indicate a shift towards technology-driven solutions that cater to the evolving demands of the market.

As of December current competitive trends in The Global Freight and Shipping Services are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, supply chain reliability, and sustainable practices. This shift underscores the importance of adapting to market demands and leveraging technology to maintain a competitive edge.

Future Outlook

Global Freight and Shipping Services Market Future Outlook

The Global Freight and Shipping Services is projected to grow at a 2.96% CAGR from 2025 to 2035, driven by technological advancements, increasing e-commerce demand, and sustainability initiatives.

New opportunities lie in:

  • Investment in automated logistics management systems
  • Expansion of green shipping technologies
  • Development of integrated supply chain solutions

By 2035, the market is expected to achieve robust growth, driven by innovation and evolving consumer demands.

Market Segmentation

Global Freight and Shipping Services Market End Use Outlook

  • Retail
  • Manufacturing
  • Construction
  • Pharmaceutical

Global Freight and Shipping Services Market Cargo Type Outlook

  • Containerized Cargo
  • Bulk Cargo
  • Liquid Cargo
  • Breakbulk Cargo

Global Freight and Shipping Services Market Service Type Outlook

  • Freight Forwarding
  • Shipping Agency
  • Customs Brokerage
  • Logistics Management

Global Freight and Shipping Services Market Mode of Transport Outlook

  • Maritime
  • Air
  • Road
  • Rail

Report Scope

MARKET SIZE 20244.5(USD Billion)
MARKET SIZE 20254.63(USD Billion)
MARKET SIZE 20356.2(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.96% (2025 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledA.P. Moller - Maersk (DK), Mediterranean Shipping Company (CH), CMA CGM (FR), Hapag-Lloyd (DE), Evergreen Marine Corporation (TW), COSCO Shipping (CN), Yang Ming Marine Transport Corporation (TW), Hanjin Shipping (KR)
Segments CoveredService Type, Mode of Transport, End Use, Cargo Type
Key Market OpportunitiesIntegration of advanced technologies enhances efficiency in The Global Freight and Shipping Services.
Key Market DynamicsTechnological advancements and regulatory changes are reshaping competitive dynamics in freight and shipping services.
Countries CoveredNorth America, Europe, APAC, South America, MEA
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