How big is the Asean Freight Forwarding Market?

The Asean Freight Forwarding Market size is expected to reach USD 27.48 billion in 2024 and grow at a CAGR of 11% to reach USD 46.32 billion by 2029. Read More

What is the current Asean Freight Forwarding Market size?

In 2024, the Asean Freight Forwarding Market size is expected to reach USD 27.48 billion. Read More

Who are the key players in Asean Freight Forwarding Market?

Deutsche Post DHL Group (DHL Global Forwarding), Kuehne + Nagel International AG, DB Schenker, Nippon Express Co. Ltd and Kintetsu World Express Inc. are the major companies operating in the Asean Freight Forwarding Market. Read More

What years does this Asean Freight Forwarding Market cover, and what was the market size in 2023?

In 2023, the Asean Freight Forwarding Market size was estimated at USD 24.76 billion. The report covers the Asean Freight Forwarding Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asean Freight Forwarding Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

ASEAN Freight Forwarding Market Size | Industry Analysis & Growth Trends Report

ASEAN Freight Forwarding Industry Overview

The freight forwarding market in the region is fragmented with a large number of players. The region has the presence of large international freight forwarders, such as DHL, DB Schenker, Ceva Logistics, Sinotrans, Nippon Express, and other companies. Apart from these international players, a lot of domestic companies that are small- and medium-sized firms are also engaged in the freight forwarding business. Having a presence in land transport in the region presents an advantage to the companies involved in freight forwarding business.

With a high growth potential, the region is witnessing entry of new players in the logistics sector. For instance, in May 2019, Mahindra Logistics announced that the company is looking for an acquisition in the ASEAN region to strengthen the freight forwarding business of the company.