India Freight Forwarding Market Size & Outlook, 2024-2030
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India freight forwarding market highlights
- The India freight forwarding market generated a revenue of USD 11,653.1 million in 2023 and is expected to reach USD 17,732.1 million by 2030.
- The India market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, road was the largest revenue generating mode of transport in 2023.
- Air is the most lucrative mode of transport segment registering the fastest growth during the forecast period.
Freight forwarding market data book summary
| Market revenue in 2023 | USD 11,653.1 million |
| Market revenue in 2030 | USD 17,732.1 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Road |
| Fastest growing segment | Air |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Road, Maritime, Rail, Air |
| Key market players worldwide | Kuehne + Nagel International AG, DHL Group, DB Schenker, Expeditors International of Washington Inc, CEVA Inc, DSV AS, FedEx Corp, Uber Technologies Inc, United Parcel Service Inc Class B, Nippon Express Holdings Inc |
Other key industry trends
- In terms of revenue, India accounted for 5.6% of the global freight forwarding market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China freight forwarding market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,732.1 million by 2030.
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Freight Forwarding Market Scope
Freight Forwarding Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nippon Express Holdings Inc | View profile | 85442 | 2 Kanda Izumicho, Chiyoda-ku, Tokyo, Japan, 101-0024 | - |
| DSV AS | View profile | 73879 | Hovedgaden 630, Hedehusene, Denmark, 2640 | https://www.dsv.com |
| Expeditors International of Washington Inc | View profile | 18100 | 1015 Third Avenue, Seattle, WA, United States, 98104 | https://www.expeditors.com |
| DB Schenker | View profile | 10001+ | Essen, Nordrhein-Westfalen, Germany, Europe | https://www.dbschenker.com/global |
| Kuehne + Nagel International AG | View profile | 93064 | Dorfstrasse 50, P.O. Box 67, Schindellegi, Switzerland, CH-8834 | http://www.kuehne-nagel.com |
| FedEx Corp | View profile | 787400 | 942 South Shady Grove Road, Memphis, TN, United States, 38120 | https://www.fedex.com |
| United Parcel Service Inc Class B | View profile | 500000 | 55 Glenlake Parkway, N.E. Atlanta, Atlanta, GA, United States, 30328 | https://www.ups.com |
| DHL Group | View profile | 594396 | Platz der Deutschen Post, Bonn, NW, Germany, 53250 | http://www.dpdhl.com |
| CEVA Inc | View profile | 424 | 15245 Shady Grove Road, Suite 400, Rockville, MD, United States, 20850 | https://www.ceva-dsp.com |
| Uber Technologies Inc | View profile | 30700 | 1725 3rd Street, San Francisco, CA, United States, 94158 | https://www.uber.com |
India freight forwarding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to freight forwarding market will help companies and investors design strategic landscapes.
Road was the largest segment with a revenue share of 31.85% in 2024. Horizon Databook has segmented the India freight forwarding market based on road, maritime, rail, air covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of India freight forwarding market databook
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Our clientele includes a mix of freight forwarding market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India freight forwarding market , including forecasts for subscribers. This country databook contains high-level insights into India freight forwarding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India freight forwarding market size, by mode of transport, 2018-2030 (US$M)
India Freight Forwarding Market Outlook Share, 2024 & 2030 (US$M)
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