The size of global freight forwarding market was valued at USD 191.6 billion in 2022 and is anticipated to register a CAGR of 4% between 2023 and 2032. It will reach USD 289.3 billion in 2032. The freight forwarding market in North America accounted for over 30% in 2022. Globalization and the expansive growth in international trade are major factors propelling market growth. As businesses extend their reach across borders, the need for efficient, reliable & cost-effective movement of goods becomes paramount. Freight forwarders navigate intricate customs regulations, optimize supply chain routes & ensure timely deliveries, playing a pivotal role in facilitating the seamless flow of goods across the global marketplace.

According to the data from Grand View Research, the freight forwarding market in North America generated a revenue of USD 45,289.5 million in 2023. The market is expected to grow at a CAGR of 3.9% from 2024 to 2030. The freight forwarding market in North America is expected to reach a projected revenue of USD 59,097.6 million by 2030. The rapid expansion of e-commerce has dramatically increased the demand for efficient and timely freight forwarding services in North America.

Freight forwarding market in North America, 2023-2030 (US$M)

According to the data from Grand View Research, the freight forwarding market in Canada generated a revenue of USD 19,536.7 million in 2023 and is expected to reach USD 24,056.0 million by 2030. The market in Canada is expected to grow at a CAGR of 3% from 2024 to 2030. The market is experiencing robust growth driven by e-commerce expansion, significant government infrastructure investments, and technological advancements.

Freight forwarding market in Canada, 2023-2030 (US$M)

The recent years has seen a significant trend of trade growth between China and Canada. According to Chinese customs data, the total value of goods imported from Canada to China reached USD 43.94 billion in 2023, representing a year-on-year increase of 3.9%. With the transformation and upgrading of China’s economy, especially the continuous growth in demand for consumer goods and technological products, natural and non-irritating, environment-friendly, and high-quality products are becoming increasingly emphasized in the demand for daily necessities and household appliances in the Chinese market. The younger generation and emerging middle class, in particular, prefer high-performance household appliances of unique design, and environment-friendly daily supplies. According to CIEDATA’s import & export statistics, from January to November 2024, China imported 17.04 million sets of household appliances worth USD 1.679 billion. In addition, according to Chinese customs data, China’s total imports reached RMB 18.39 trillion in 2024, a year-on-year increase of 2.3%. According to data from the United Nations Statistics Division in Trade, China imported consumer goods worth USD 170.361 billion in 2020, an increase of 13.22% over 2019. In order to attract overseas consumption and serve the upgrading of residents’ consumption, China reduced import tariffs on daily consumer goods four times since 2015, ensuring policy-based facilitation for DARUN TRADING (CANADA) CO., LTD.’s export business.

Canada enjoys significant product competitiveness in daily necessities and household appliances, particularly in terms of quality, technology, and environmental friendliness. Canadian daily necessities are mostly based on environment-friendly, harmless, and sustainable materials that comply with increasingly strict global environmental regulations, meeting the preferences of Chinese consumers for green products. In the field of household appliances, Canada not only enjoys advantages in quality and design, but also satisfies the demand for energy conservation and environmental protection in the Chinese market through new technologies. For instance, household appliances such as refrigerators, washing machines, and air conditioners in Canada often integrate up-to-date intelligent technologies, energy-efficient designs, and user-friendly interfaces to ensure more comfortable and efficient home use. It follows that DARUN TRADING (CANADA) CO., LTD. enjoys a lot of opportunities for the development of its exports.