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The Global Freight and Shipping Services Market

ID: MRFR/Professional Services/66428-CR
200 Pages
MRFR Team
December 2025

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The Global Freight and Shipping Services Market Summary

As per MRFR analysis, The Global Freight and Shipping Services was estimated at 4500.0 USD Million in 2024. The freight and shipping industry is projected to grow from 4630.0 in 2025 to 6200.0 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 experiencing a transformative shift driven by digitalization and sustainability efforts.

  • Digital transformation is reshaping operational efficiencies across the freight and shipping landscape.
  • Sustainability initiatives are becoming increasingly critical as companies seek to reduce their carbon footprints.
  • Geopolitical influences are impacting trade routes and logistics strategies, particularly in North America and Asia-Pacific.
  • E-commerce growth and technological advancements are key drivers propelling the expansion of freight forwarding and logistics management segments.

Market Size & Forecast

2024 Market Size 4500.0 (USD Million)
2035 Market Size 6200.0 (USD Million)
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), ZIM Integrated Shipping Services (IL), Hanjin Shipping (KR), PIL (Pacific International Lines) (SG)

The Global Freight and Shipping Services Market Trends

The Global Freight and Shipping Services is currently experiencing a transformative phase, driven by evolving consumer demands and advancements in technology. The integration of digital platforms has revolutionized traditional logistics, enabling more efficient tracking and management of shipments. This shift towards digitalization appears to enhance transparency and reduce operational costs, which may attract a broader range of businesses seeking reliable shipping solutions. Furthermore, sustainability initiatives are gaining traction, as companies increasingly prioritize eco-friendly practices in their operations. This trend suggests a potential shift in consumer preferences towards greener logistics options, which could reshape the competitive landscape. In addition, geopolitical factors and trade agreements are influencing the dynamics of The Global Freight and Shipping Services. As nations navigate complex trade relationships, the demand for adaptable and resilient supply chains becomes paramount. This environment may lead to increased collaboration among logistics providers and a focus on innovative solutions to address emerging challenges. Overall, the market seems poised for growth, with a focus on technology, sustainability, and adaptability shaping its future trajectory.

Digital Transformation

The ongoing digital transformation within The Global Freight and Shipping Services is reshaping how logistics operations are conducted. Companies are increasingly adopting advanced technologies such as artificial intelligence and blockchain to streamline processes, enhance visibility, and improve customer service. This trend indicates a shift towards more automated and data-driven decision-making, which could lead to greater efficiency and reduced costs.

Sustainability Initiatives

Sustainability initiatives are becoming a focal point for businesses within The Global Freight and Shipping Services. As environmental concerns rise, companies are exploring eco-friendly shipping options and implementing practices that minimize their carbon footprint. This trend suggests a growing awareness of corporate responsibility and may influence consumer choices, as customers increasingly favor companies that prioritize sustainability.

Geopolitical Influences

Geopolitical influences are playing a crucial role in shaping The Global Freight and Shipping Services. Trade agreements, tariffs, and international relations are affecting shipping routes and logistics strategies. This trend indicates that companies must remain agile and responsive to changing political landscapes, which could impact their operational strategies and market positioning.

Market Segment Insights

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

In The Global Freight and Shipping Services, the segment of Freight Forwarding stands out as the largest contributor, holding a significant share of the overall market pie. This service type enables seamless movement of goods across various transportation modes, providing value-added services such as packaging, documentation, and insurance. Meanwhile, Logistics Management is emerging rapidly, adapting to technological advancements and increasing supply chain complexities, leading to a growing foothold in the market. As digital transformation redefines logistics operations, the Logistics Management segment is witnessing the fastest growth. Factors such as the increasing demand for integrated solutions, a focus on cost efficiency, and enhanced visibility in supply chain processes are propelling this upward trend. Additionally, the rising e-commerce sector has necessitated efficient logistics management, further driving the growth of this segment and reshaping the landscape of the freight and shipping services market.

Freight Forwarding (Dominant) vs. Shipping Agency (Emerging)

Freight Forwarding remains the dominant service type in The Global Freight and Shipping Services, as it encompasses a broad spectrum of tasks that streamline the transportation process. This includes arranging cargo movements, negotiating freight costs, and managing documentation and customs clearance. Its established network and expertise make it essential for businesses looking to navigate international shipping. In contrast, the Shipping Agency segment is emerging, characterized by its role in representing shipowners and operators. As global trade grows, shipping agencies are pivotal in facilitating vessel operations and ensuring compliance with local regulations. While Freight Forwarding leverages extensive logistics networks, Shipping Agencies provide critical services to vessels, navigating through port regulations and assisting in the efficient completion of shipping transactions.

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

In The Global Freight and Shipping Services, the distribution of market share among the modes of transport reveals a dominant presence of maritime transport, which continues to hold the largest share due to its cost-effectiveness and capacity for bulk shipping. Road and rail transport account for a significant portion of the market as well, benefiting from their versatility and reliability in domestic freight segments. Air transport, while historically smaller, is increasingly gaining traction as it meets the rising demand for quick delivery services. Growth trends indicate that the air transport segment is emerging as the fastest-growing mode due to the global shift towards e-commerce and the need for expedited shipping solutions. Key drivers include technological advancements in logistics, increasing consumer expectations for faster delivery times, and the expansion of global trade networks. This shift underscores a competitive landscape where efficiency and speed are paramount in meeting customer demands.

Maritime: Dominant vs. Rail: Emerging

Maritime transport is the backbone of The Global Freight and Shipping Services, characterized by its ability to move vast quantities of goods over long distances at relatively low costs. This mode is particularly advantageous for international trade, allowing shipping companies to leverage large vessels for consistent delivery schedules. In contrast, rail transport is emerging as a viable option for inland shipping, capitalizing on sustainability and lower carbon emissions. Rail offers efficient long-distance haulage capabilities, especially for bulk commodities. Despite its smaller market share, rail is witnessing innovations such as intermodal solutions and increased investment in infrastructure, positioning it as a competitive alternative for companies seeking to optimize their logistics operations.

By End User: E-commerce (Largest) vs. Retail (Fastest-Growing)

The Global Freight and Shipping Services experiences varied dynamics across its end-user segments. E-commerce remains the largest segment, significantly impacting the demand for logistics and transportation services, driven by the surge in online shopping trends. Retail, while traditionally significant, is being challenged by the rapid growth of E-commerce, leading to a shift in shipping strategies and an increased emphasis on supply chain efficiency.

E-commerce (Dominant) vs. Retail (Emerging)

E-commerce is reshaping the landscape of The Global Freight and Shipping Services, characterized by its need for rapid delivery, flexible shipping options, and innovative logistics solutions. As the dominant segment, e-commerce relies on advanced technology and real-time tracking, which are essential for meeting consumer expectations. Conversely, retail is emerging as it adapts to the changes brought about by e-commerce growth. Retailers are increasingly leveraging omnichannel approaches and enhancing their shipping capabilities to compete effectively, thereby driving the demand for tailored freight solutions that accommodate evolving consumer behaviors.

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

The Global Freight and Shipping Services showcases a varied distribution of cargo types, with containerized cargo holding the lion's share. This segment has continued to dominate due to advancements in shipping technology and enhanced logistics. Bulk cargo, accounting for a significant but lesser proportion, is witnessing rapid growth as a result of increasing demand for commodities and raw materials, reflecting shifts in global trade dynamics and supply chain optimization efforts.

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

Containerized cargo offers significant advantages in terms of efficiency and versatility, facilitating smooth transport of goods across various trade routes. This segment thrives on the backbone of intermodal transportation, where containers can be seamlessly moved between ships, trucks, and trains. Conversely, bulk cargo is emerging as a vital segment, driven by the rising demand for raw resources in developing economies. While it requires specialized handling and logistics, it is growing rapidly owing to increased manufacturing and construction activities, thereby demanding better integration into the global shipping networks.

Get more detailed insights about The Global Freight and Shipping Services Market

Regional Insights

North America : Market Leader in Freight Services

North America continues to lead The Global Freight and Shipping Services, holding a significant market share of $2250.0 million in 2024. The region's growth is driven by robust demand for e-commerce, increased trade activities, and advancements in logistics technology. Regulatory support, including streamlined customs processes and infrastructure investments, further catalyzes market expansion. The region's strategic location and extensive transportation networks enhance its competitive edge. The United States and Canada are the primary players in this market, with major shipping companies like A.P. Moller - Maersk and Mediterranean Shipping Company establishing strong operations. The competitive landscape is characterized by a mix of established players and emerging companies, all vying for market share. The presence of key players ensures a dynamic environment, fostering innovation and efficiency in freight services.

Europe : Growing Hub for Shipping Services

Europe's freight and shipping services market is projected to reach $1350.0 million by 2025, driven by increasing intra-European trade and a shift towards sustainable shipping practices. Regulatory frameworks, such as the European Green Deal, are pushing for greener logistics solutions, which are expected to reshape the market landscape. The demand for efficient supply chains and digitalization in logistics is also contributing to growth in this region. Leading countries like Germany, France, and the Netherlands are at the forefront of this market, with major players such as CMA CGM and Hapag-Lloyd dominating the competitive landscape. The presence of advanced port facilities and a strong logistics infrastructure supports the growth of freight services. The competitive environment is marked by collaborations and partnerships aimed at enhancing service offerings and operational efficiency.

Asia-Pacific : Emerging Market Potential

The Asia-Pacific region is witnessing rapid growth in the freight and shipping services market, projected to reach $900.0 million by 2025. This growth is fueled by increasing trade activities, urbanization, and the rise of e-commerce. Countries in this region are investing heavily in infrastructure development and regulatory reforms to enhance logistics efficiency. The demand for reliable shipping services is on the rise, driven by both domestic and international trade. China, Japan, and India are the leading countries in this market, with key players like COSCO Shipping and Evergreen Marine Corporation making significant contributions. The competitive landscape is evolving, with both established companies and new entrants striving to capture market share. The region's diverse shipping routes and strategic ports play a crucial role in facilitating trade and enhancing service delivery.

Middle East and Africa : Untapped Market Opportunities

The Middle East and Africa region currently shows minimal activity in the freight and shipping services market, with a market size of $0.0 million. However, this region presents untapped opportunities for growth, driven by increasing trade and investment in logistics infrastructure. Regulatory improvements and economic diversification efforts are expected to stimulate market development in the coming years. The demand for efficient shipping solutions is anticipated to rise as regional economies continue to grow. Countries like the UAE and South Africa are poised to lead the market as they enhance their logistics capabilities. The competitive landscape is still developing, with potential for both local and international players to establish a presence. As infrastructure projects progress, the region may become a significant player in The Global Freight and Shipping Services.

The Global Freight and Shipping Services Market Regional Image

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 at the forefront, each adopting distinct strategies to enhance their market positioning. A.P. Moller - Maersk (DK) has focused on digital transformation, investing heavily in technology to optimize operations and improve customer experience. Mediterranean Shipping Company (CH) has pursued aggressive fleet expansion, enhancing its capacity to meet rising demand. Meanwhile, CMA CGM (FR) has emphasized sustainability, integrating eco-friendly practices into its operations, which collectively shapes a competitive environment increasingly oriented towards innovation and environmental responsibility.

Key business tactics within this market include supply chain optimization and localized service offerings, which are essential for meeting diverse customer needs. The market structure appears moderately fragmented, with a mix of large multinational corporations and regional players. The collective influence of these key players fosters a competitive atmosphere where agility and responsiveness to market changes are paramount.

In November 2025, A.P. Moller - Maersk (DK) announced a strategic partnership with a leading technology firm to develop AI-driven logistics solutions. This initiative aims to enhance operational efficiency and reduce costs, reflecting the company's commitment to leveraging technology for competitive advantage. The strategic importance of this move lies in its potential to streamline processes and improve service delivery, positioning Maersk as a leader in digital logistics.

In October 2025, Mediterranean Shipping Company (CH) unveiled plans to expand its fleet with the acquisition of several new vessels, aimed at increasing its market share in Asia-Pacific. This expansion is significant as it not only enhances MSC's capacity but also strengthens its competitive position in a region experiencing robust trade growth. The strategic implications suggest a proactive approach to capturing emerging market opportunities.

In September 2025, CMA CGM (FR) launched a new initiative focused on carbon neutrality, committing to reduce emissions across its fleet by 30% by 2030. This move underscores the growing trend towards sustainability in the shipping industry, as companies increasingly recognize the importance of environmental stewardship. The strategic relevance of this initiative is profound, as it aligns with global regulatory trends and customer preferences for greener shipping solutions.

As of December 2025, current competitive trends in The Global Freight and Shipping Services are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, enabling companies to pool resources and expertise to navigate complex market challenges. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability, reflecting a broader shift in industry priorities.

Key Companies in the The Global Freight and Shipping Services Market include

Future Outlook

The Global Freight and Shipping Services Market Future Outlook

The Global Freight and Shipping Services is projected to grow at a 2.96% CAGR from 2024 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 and practices.
  • Development of integrated supply chain solutions for e-commerce.

By 2035, the market is expected to exhibit robust growth, adapting to evolving global trade dynamics.

Market Segmentation

The Global Freight and Shipping Services Market End User Outlook

  • Retail
  • Manufacturing
  • E-commerce
  • Pharmaceutical

The Global Freight and Shipping Services Market Cargo Type Outlook

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

The Global Freight and Shipping Services Market Service Type Outlook

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

The Global Freight and Shipping Services Market Mode of Transport Outlook

  • Maritime
  • Air
  • Road
  • Rail

Report Scope

MARKET SIZE 20244500.0(USD Million)
MARKET SIZE 20254630.0(USD Million)
MARKET SIZE 20356200.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.96% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
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), ZIM Integrated Shipping Services (IL), Hanjin Shipping (KR), PIL (Pacific International Lines) (SG)
Segments CoveredService Type, Mode of Transport, End User, 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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