Intra-Asia Freight Forwarding Market Size and Share

Intra-Asia Freight Forwarding Market (2025 - 2030)
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Intra-Asia Freight Forwarding Market Analysis by Mordor Intelligence

The Intra-Asia Freight Forwarding Market size is estimated at USD 18.97 billion in 2025, and is expected to reach USD 24.13 billion by 2030, at a CAGR of 4.93% during the forecast period (2025-2030).

Robust e-commerce expansion, RCEP-driven tariff reductions, and relocation of manufacturing to Southeast Asia are boosting cargo volumes and intensifying demand for integrated logistics. Sea freight remains the preferred mode for containerized goods, yet air freight is expanding swiftly as shippers of temperature-sensitive pharmaceuticals and high-value parcels seek time-critical options. Digitalization, encompassing AI-based freight audit and blockchain-enabled document flows, is redefining service expectations, while ongoing port automation across China, Singapore, and Vietnam is lifting throughput and lowering unit costs. Simultaneously, geopolitical uncertainty and periodic port congestion oblige forwarders to diversify routing, implement multimodal solutions, and actively manage capacity.

Key Report Takeaways

  • By mode of transport, sea freight held 56% of the Intra-Asia freight forwarding market share in 2024, whereas air freight is forecast to expand at a 4.50% CAGR through 2030.
  • By end user, manufacturing & automotive accounted for 29% of the Intra-Asia freight forwarding market size in 2024; distributive trade is on track for the fastest growth at a 5.50% CAGR to 2030.
  • By trade lane, the China–Vietnam corridor captured 13.50% of the 2024 value, while China–Japan is projected to post the highest 4.10% CAGR between 2025 and 2030.

Segment Analysis

By Mode of Transport: Sea Freight Dominance Amid Air Growth

Sea freight generated 56% of the total 2024 value, underscoring its cost-efficiency for mass-market manufacturing goods that move in container lots across dense Asian corridors. The segment benefits from tight-knit carrier alliances—Premier Alliance and Gemini Cooperation now control 80% of global capacity—allowing forwarders to negotiate slot commitments across multiple weekly sailings. Air freight, while only a minor revenue share, is projected to post a 4.50% CAGR as e-commerce parcels and bio-pharma consignments demand next-day or two-day delivery across megacity pairs. High-speed rail pilots between China and Southeast Asia are also carving a niche by offering 20% faster transit than trucking at comparable costs, broadening shipper choices.

Forwarders differentiate sea-freight offerings through guaranteed equipment availability, real-time container tracking, and carbon-offset booking options. Less-than-container-load growth is particularly vibrant; SMEs leveraging consolidation hubs in Singapore and Hong Kong can save up to 18% on logistics spend compared with origin-stuffed FCL shipments. Meanwhile, airports including Ezhou Huahu are being purpose-built for freight, providing all-cargo runways and bonded warehousing that slash dwell time to six hours. Such upgrades position air cargo as the fastest-growing service line in the Intra-Asia freight forwarding market.

Intra-Asia Freight Forwarding Market: Market Share by Mode of Transport
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By End User: Manufacturing Leadership with Distributive Trade Acceleration

Manufacturing & automotive retained a 29% share of 2024 revenue, buoyed by Chinese vehicle exports surging 33.62% in Q1 2025 as OEMs leveraged rail-sea links and expanded port connectivity. The segment favors multimodal chains that blend inland waterways, feeder vessels, and block trains to minimize landed cost. Automotive tiers increasingly demand just-in-sequence deliveries to ASEAN assembly plants, prompting forwarders to establish cross-dock platforms adjacent to industrial parks.

Distributive trade—covering wholesale, retail, and FMCG activities—is forecast for a 5.50% CAGR to 2030, propelled by intra-regional consumer spending and venture-backed marketplace expansion. Platforms such as J&T Express lifted parcel volumes 24% year on year, generating downstream demand for pick-and-pack, returns processing, and seller-fulfilled prime services. Other verticals display mixed fortunes: oil & gas faces emissions-driven scrutiny, mining & quarrying wrestles with volatile commodity prices, while agriculture benefits from stable food-security policies. Forwarders customizing sector-specific value-added services capture superior yields within the Intra-Asia freight forwarding industry.

Intra-Asia Freight Forwarding Market: Market Share by End User
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Note: Segment shares of all individual segments available upon report purchase

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By Trade Lanes: China–Vietnam Leadership with Japan Corridor Growth

The China–Vietnam lane delivered 13.50% of 2024 market revenue, reflecting Vietnam’s ascent as a near-shore manufacturing hub and its seamless integration into Pearl River Delta supply chains. Bilateral trade is forecast to exceed USD 750 billion by 2030, sustaining dense feeder and cross-border trucking rotations. China–Japan, although a mature route, is set for the fastest 4.10% CAGR as electric-vehicle components and semiconductor equipment shuttle between Suzhou, Nagoya, and Osaka ports.

Supplementary corridors such as China–South Korea remain critical for electronics; China–Singapore serves transshipment re-export flows; and Singapore–Indonesia grows on the back of omni-channel retail fulfillment. Kerry Logistics, for example, has shortened Asia–Europe lead times by instituting Singapore-based sea-air solutions that bypass Middle-East congestion. Fragmentation across emerging routes provides an opportunity for forwarders deploying digital freight-matching tools to stitch together capacity and secure competitive pricing.

Geography Analysis

Southeast Asia is the fastest-advancing sub-region as relocation of factories doubles export volumes toward 2030. Vietnam capitalizes on preferential access to both Chinese upstream suppliers and Western buyers, while Thailand and Malaysia leverage established automotive and electronics clusters to attract incremental FDI. Port automation in Laem Chabang and Tanjung Pelepas accelerates throughput, enhancing regional competitiveness.

Northeast Asia commands sophisticated infrastructure but grapples with aging workforces and tight trucking capacity. Japan’s overtime limits compel shippers to adopt proximity sourcing, repositioning inventory nearer to end markets, and raising demand for value-added warehousing in Osaka and Tokyo Bay. South Korea continues to pioneer digital customs clearance and 5G-enabled terminal operations, yet must contend with wage inflation and driver shortages.

Competitive Landscape

The market is moderately fragmented; however, DSV’s EUR 14.3 billion (USD 14.9 billion) acquisition of DB Schenker in April 2025 pushed the combined entity’s sales to EUR 41.6 billion (USD 43.3 billion), creating the world’s largest player and sharpening focus on multimodal benefits. DHL Express, by contrast, strengthened its Asia-Pacific network through new gateways in Singapore and Kuala Lumpur and by launching dedicated Hong Kong–Jakarta freighters that trim transit times for e-commerce shippers.

Technology adoption remains a decisive differentiator. Portcast joined Google’s AI-First Startups Program to refine algorithms that spot invoice anomalies and automate contract management, potentially reducing billing errors by 80%. UPS deployed its Gateway Technology Automation Platform, harvesting USD 24 million in 2024 savings via predictive routing and robotic induction at Worldport. Regional specialists such as Sinotrans and Nippon Express pair local-market know-how with investments in cross-border digital corridors, enabling rapid customs clearance and in-country distribution.

Strategic alliances also shape competition. NYK partnered with Sembcorp in October 2024 to explore green-ammonia shipping and to advance digital freight visibility, aligning fleets with decarbonization mandates. GEODIS completed its purchase of Keppel Logistics in June 2024, reinforcing Southeast Asian contract-logistics reach. Such moves underscore an arms race for network density, sustainability credentials, and data-rich customer interfaces within the Intra-Asia freight forwarding market.

Intra-Asia Freight Forwarding Industry Leaders

  1. DHL Global Forwarding

  2. DSV

  3. Kuehne + Nagel

  4. CEVA Logistics

  5. UPS Supply Chain Solutions

  6. *Disclaimer: Major Players sorted in no particular order
Intra-Asia Freight Forwarding Market
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Recent Industry Developments

  • April 2025: DSV completed its EUR 14.3 billion (USD 14.9 billion) acquisition of DB Schenker, forming one of the largest freight forwarders globally with nearly 160,000 employees across more than 90 countries.
  • February 2025: DHL Express upgraded its Asia-Pacific infrastructure by expanding the Singapore South Asia Hub, launching a new Kuala Lumpur gateway with automated sorting, and operating direct Hong Kong–Jakarta flights.
  • October 2024: NYK formed a strategic alliance with Sembcorp for green-ammonia shipping and announced a significant share-buyback program to support digitalization in logistics services.
  • March 2024: Yusen Logistics started cargo-terminal operations at Ezhou Huahu Airport, establishing an air-cargo hub with integrated sea, air, rail, and warehousing capabilities.

Table of Contents for Intra-Asia Freight Forwarding Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surge in intra-Asian e-commerce volumes
    • 4.2.2 Regional Comprehensive Economic Partnership (RCEP) liberalisation
    • 4.2.3 Manufacturing shift from China to SE-Asia (“China + 1”)
    • 4.2.4 Expansion of regional port infrastructure
    • 4.2.5 Multi-leg consolidation hubs enabling cost savings
    • 4.2.6 Rise in temperature-controlled pharma trade within Asia
  • 4.3 Market Restraints
    • 4.3.1 Port congestion in key Asian hubs
    • 4.3.2 Geopolitical & trade-policy uncertainty
    • 4.3.3 Logistics labour shortages
    • 4.3.4 Emerging carbon-pricing schemes on intra-Asia lanes
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Digitalisation of Freight Forwarding
  • 4.9 Impact of COVID-19 and Geo-Political Events

5. Market Size & Growth Forecasts

  • 5.1 By Mode of Transport
    • 5.1.1 Air Freight Forwarding
    • 5.1.2 Sea Freight Forwarding
    • 5.1.2.1 Full-Container-Load (FCL)
    • 5.1.2.2 Less-than-Container-Load (LCL)
    • 5.1.3 Others
  • 5.2 By End User
    • 5.2.1 Manufacturing & Automotive
    • 5.2.2 Oil & Gas, Mining & Quarrying
    • 5.2.3 Agriculture, Fishing & Forestry
    • 5.2.4 Construction
    • 5.2.5 Distributive Trade (Wholesale/Retail, FMCG)
    • 5.2.6 Other End Users (Telecom, Pharmaceutical, etc.)
  • 5.3 By Trade Lanes
    • 5.3.1 China and Vietnam
    • 5.3.2 China and South Korea
    • 5.3.3 China and Japan
    • 5.3.4 China and Singapore
    • 5.3.5 Singapore and Indoneisa
    • 5.3.6 Japan and Vietnam
    • 5.3.7 South Korea and Vietnam
    • 5.3.8 Thailand and Vietnam
    • 5.3.9 Singapore and Malaysia
    • 5.3.10 Others

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 DHL Global Forwarding
    • 6.4.2 DSV
    • 6.4.3 Kuehne + Nagel
    • 6.4.4 CEVA Logistics
    • 6.4.5 UPS Supply Chain Solutions
    • 6.4.6 Sinotrans
    • 6.4.7 Yusen Logistics
    • 6.4.8 Nippon Express
    • 6.4.9 Geodis
    • 6.4.10 Kerry Logistics
    • 6.4.11 NYK Line
    • 6.4.12 Logisteed Ltd
    • 6.4.13 Kintetsu World Express (KWE)
    • 6.4.14 Alps Logistics
    • 6.4.15 PT Cahaya Pundimas Indonusa
    • 6.4.16 Freight Management Holdings Bhd
    • 6.4.17 PT Samudera Indonesia Tbk
    • 6.4.18 LOGISTEED
    • 6.4.19 Gemadept Logistics
    • 6.4.20 CJ Logistics

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment
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Intra-Asia Freight Forwarding Market Report Scope

Freight forwarders are an important part of the supply chain. They act as middlemen between the company that ships the goods and the place where the goods will end up.It is the coordination and shipment of goods from one place to another via single or multiple carriers via air, marine, rail, or highway. The report provides a complete background analysis of the global freight forwarding market, which includes an assessment of the economy, a market overview, market size estimations for key segments, emerging trends in the market, market dynamics, and key company profiles. The report also covers the impact of COVID-19 on the market.

The Intra-Asia Freight Forwarding Market is segmented by mode of transport (air freight forwarding, ocean freight forwarding, road freight forwarding, and rail freight forwarding), by customer type (business-to-business (B2B)), by application (industrial and manufacturing, retail, healthcare, oil and gas, food and beverage, and other applications), and by geography (China, Japan, South Korea, India, and the Rest of Asia). The Intra-Asia Freight Forwarding Market report offers market size and forecast values (in USD billion) for all the above segments.

By Mode of Transport
Air Freight Forwarding
Sea Freight Forwarding Full-Container-Load (FCL)
Less-than-Container-Load (LCL)
Others
By End User
Manufacturing & Automotive
Oil & Gas, Mining & Quarrying
Agriculture, Fishing & Forestry
Construction
Distributive Trade (Wholesale/Retail, FMCG)
Other End Users (Telecom, Pharmaceutical, etc.)
By Trade Lanes
China and Vietnam
China and South Korea
China and Japan
China and Singapore
Singapore and Indoneisa
Japan and Vietnam
South Korea and Vietnam
Thailand and Vietnam
Singapore and Malaysia
Others
By Mode of Transport Air Freight Forwarding
Sea Freight Forwarding Full-Container-Load (FCL)
Less-than-Container-Load (LCL)
Others
By End User Manufacturing & Automotive
Oil & Gas, Mining & Quarrying
Agriculture, Fishing & Forestry
Construction
Distributive Trade (Wholesale/Retail, FMCG)
Other End Users (Telecom, Pharmaceutical, etc.)
By Trade Lanes China and Vietnam
China and South Korea
China and Japan
China and Singapore
Singapore and Indoneisa
Japan and Vietnam
South Korea and Vietnam
Thailand and Vietnam
Singapore and Malaysia
Others
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Key Questions Answered in the Report

How big will the Intra-Asia freight forwarding sector be in 2030?

It is forecast to reach USD 24.13 billion by 2030, advancing at a 4.93% CAGR.

Which mode is expanding fastest across Asian lanes?

Air freight is projected to grow at a 4.50% CAGR thanks to e-commerce parcels and pharmaceutical cold-chain traffic.

What drives the China–Vietnam corridor’s prominence?

Vietnam’s manufacturing upswing and RCEP tariff benefits pushed the lane to 13.50% of 2024 value, the largest share among intra-Asian routes.

Why are consolidation hubs important to small exporters?

Facilities in Singapore and Hong Kong let SMEs pool shipments, cutting logistics costs by up to 25% compared with direct full-container bookings.

How is technology reshaping competition?

AI-powered freight audit, blockchain documents, and automated terminals are improving accuracy, reducing costs, and differentiating leading forwarders.

Which end-user segment is set for the quickest gains?

Distributive trade, encompassing retail and FMCG, is slated for a 5.50% CAGR as intra-Asian consumer spending climbs.

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