The global freight forwarding market is estimated to be worth USD 168.99 billion in 2023, with a projected CAGR of 4.16% during the forecast period. Despite challenges such as staffing shortages and trade disruptions, the industry has shown resilience. The market is fragmented, with the top 20 players holding half of the market share. Digitalization and mergers and acquisitions are key strategies for companies looking to capitalize on increased commerce and trade activities. Mordor Intelligence provides comprehensive market research reports for those interested in understanding the industry.