Global Ocean Freight Forwarding Market Growth (Status and Outlook) 2025-2031

Global Ocean Freight Forwarding Market Growth (Status and Outlook) 2025-2031

The global Ocean Freight Forwarding market size is predicted to grow from US$ 146520 million in 2025 to US$ 228360 million in 2031; it is expected to grow at a CAGR of 7.7% from 2025 to 2031.

An ocean freight forwarder is an individual or company that acts as an intermediary and dispatches shipments via common sea carriers and makes all arrangements for those shipments on behalf of its clients. Ocean freight forwarders handle all the logistics needed and performs related activities pertaining to shipments.

Global ocean freight forwarding key players include Kuehne + Nagel, DHL Group, DB Schenker Logistics, GEODIS, etc. Global top 4 manufacturers hold a share nearly 20%.

China is the largest market, with a share about 25%, followed by Europe, and North America, both have a share about 40 percent.

In terms of product, LCL is the largest segment, with a share about 55%. And in terms of application, the largest application is electronic, followed by automotive, beverage, agricultural, etc.

LPI (LP Information)' newest research report, the “Ocean Freight Forwarding Industry Forecast” looks at past sales and reviews total world Ocean Freight Forwarding sales in 2024, providing a comprehensive analysis by region and market sector of projected Ocean Freight Forwarding sales for 2025 through 2031. With Ocean Freight Forwarding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ocean Freight Forwarding industry.

This Insight Report provides a comprehensive analysis of the global Ocean Freight Forwarding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Ocean Freight Forwarding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ocean Freight Forwarding market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ocean Freight Forwarding and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ocean Freight Forwarding.

This report presents a comprehensive overview, market shares, and growth opportunities of Ocean Freight Forwarding market by product type, application, key players and key regions and countries.

Segmentation by Type:
LCL
FCL
Others

Segmentation by Application:
Agricultural
Automotive
Beverage
Electronic
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kuehne + Nagel
DHL Group
DB Schenker Logistics
GEODIS
Panalpina
DSV
Bolloré Logistics
Expeditors
Nippon Express
CEVA Logistics
Pantos Logistics
Agility Logistics
Hellmann
Damco
KWE
Hitachi Transport
Sankyu
Kerry Logistics
Logwin
C.H.Robinson
Yusen Logistics

Please note: The report will take approximately 2 business days to prepare and deliver.