Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Freight Brokerage Market by Type (Truckload, LTL, Other, Freight Brokerag), By Application (Food & Beverage, Manufacturing, Retail, Auto & Industrial, Chemical, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Freight Brokerage Market by Type (Truckload, LTL, Other, Freight Brokerag), By Application (Food & Beverage, Manufacturing, Retail, Auto & Industrial, Chemical, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 172013 3300 IT & Telecom 377 230 Pages 4.5 (34)
                                          

Market Overview:


The global freight brokerage market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for freight brokerage services from various end-use industries, such as food & beverage, manufacturing, retail, auto & industrial and chemical. In addition, the growth of e-commerce is also contributing significantly to the growth of this market. Based on type, the truckload segment is expected to account for a major share of the global freight brokerage market in 2018.


Global Freight Brokerage Industry Outlook


Product Definition:


Freight Brokerage is the business of brokering the transportation of goods for others. It is a service that connects customers who need to ship goods with truckers and other transportation providers. Freight brokerage can be an important part of a company's logistics operation, as it can help to reduce shipping costs and save time.


Truckload:


Truckload is a transportation term that refers to the quantity of goods being carried by a single vehicle. The number of truckloads that can be carried by an individual semi-trailer varies according to the dimensions and loading capacity of the trailer. A standard 20-wheeler can carry up to 48,000 pounds (22 tons) on each trip, for example.


LTL:


LTL is a freight brokerage service that helps businesses to transport goods at a fixed price. The service includes the transportation of goods from the source to destination by any mode of transport including road, rail, sea or air. It also covers services such as customs and excise duties collection and warehousing along with other related services like document management.


Application Insights:


The food & beverage segment accounted for the largest share in 2016 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for packaged foods, beverages and other products from developed countries such as U.S., Germany, France, U.K., etc.


Regional Analysis:


The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing manufacturing, retail, and food & beverage activities across countries such as China, India, Japan, South Korea, Australia among others. In addition to this factor; improving standards of living coupled with growing disposable income levels are expected to drive regional market growth during the forecast period.


North America freight brokerage industry is characterized by high investments in automation technology along with a rise in e-commerce sales which has resulted into an increase in demand for efficient logistics services providers throughout the region. Europe also holds a prominent position owing to factors such as technological advancements and increased adoption of automation technologies resulting into improved productivity levels amongst other things that have contributed significantly towards regional market development over past few years.


Growth Factors:


  • Increasing demand for freight brokerage services from small and medium-sized businesses (SMBs) due to the growth of e-commerce.
  • The increasing popularity of third-party logistics (3PL) providers, which has led to a rise in demand for freight brokerage services.
  • The growth of the transportation industry as a whole, which has led to an increase in the need for freight brokerage services.
  • The increasing use of technology by transportation companies, which has made it easier for them to work with freight brokers.
  • The growing number of regulations governing the transportation industry, which has created a need for specialized freight brokerage services

Scope Of The Report

Report Attributes

Report Details

Report Title

Freight Brokerage Market Research Report

By Type

Truckload, LTL, Other, Freight Brokerag

By Application

Food & Beverage, Manufacturing, Retail, Auto & Industrial, Chemical, Other

By Companies

C.H. Robinson, Expeditors, Landstar System, TQL, Coyote Logistics, XPO Logistics, Yusen Logistics, Echo Global Logistics, JB Hunt Transport, Worldwide Express, Hub Group, GlobalTranz Enterprises, Allen Lund, Transplace, Werner Logistics, BNSF Logistics, Freight Brokerag

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

230

Number of Tables & Figures

161

Customization Available

Yes, the report can be customized as per your need.


Global Freight Brokerage Market Report Segments:

The global Freight Brokerage market is segmented on the basis of:

Types

Truckload, LTL, Other, Freight Brokerag

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Food & Beverage, Manufacturing, Retail, Auto & Industrial, Chemical, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. C.H. Robinson
  2. Expeditors
  3. Landstar System
  4. TQL
  5. Coyote Logistics
  6. XPO Logistics
  7. Yusen Logistics
  8. Echo Global Logistics
  9. JB Hunt Transport
  10. Worldwide Express
  11. Hub Group
  12. GlobalTranz Enterprises
  13. Allen Lund
  14. Transplace
  15. Werner Logistics
  16. BNSF Logistics
  17. Freight Brokerag

Global Freight Brokerage Market Overview


Highlights of The Freight Brokerage Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Truckload
    2. LTL
    3. Other
    4. Freight Brokerag
  1. By Application:

    1. Food & Beverage
    2. Manufacturing
    3. Retail
    4. Auto & Industrial
    5. Chemical
    6. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Freight Brokerage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Freight Brokerage Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Freight brokerage is the process of finding and arranging transportation for goods. Freight brokers work with a variety of carriers, including trucking companies, railroads, air cargo carriers and sea ports. They help their clients find the best way to move their products from one place to another.

Some of the major companies in the freight brokerage market are C.H. Robinson, Expeditors, Landstar System, TQL, Coyote Logistics, XPO Logistics, Yusen Logistics, Echo Global Logistics, JB Hunt Transport, Worldwide Express, Hub Group, GlobalTranz Enterprises, Allen Lund, Transplace, Werner Logistics, BNSF Logistics, Freight Brokerag.

The freight brokerage market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Freight Brokerage Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Freight Brokerage Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Freight Brokerage Market - Supply Chain
   4.5. Global Freight Brokerage Market Forecast
      4.5.1. Freight Brokerage Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Freight Brokerage Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Freight Brokerage Market Absolute $ Opportunity

5. Global Freight Brokerage Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Freight Brokerage Market Size and Volume Forecast by Type
      5.3.1. Truckload
      5.3.2. LTL
      5.3.3. Other
      5.3.4. Freight Brokerag
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Freight Brokerage Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Freight Brokerage Market Size and Volume Forecast by Application
      6.3.1. Food & Beverage
      6.3.2. Manufacturing
      6.3.3. Retail
      6.3.4. Auto & Industrial
      6.3.5. Chemical
      6.3.6. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Freight Brokerage Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Freight Brokerage Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Freight Brokerage Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Freight Brokerage Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Freight Brokerage Demand Share Forecast, 2019-2026

9. North America Freight Brokerage Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Freight Brokerage Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Freight Brokerage Market Size and Volume Forecast by Application
      9.4.1. Food & Beverage
      9.4.2. Manufacturing
      9.4.3. Retail
      9.4.4. Auto & Industrial
      9.4.5. Chemical
      9.4.6. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Freight Brokerage Market Size and Volume Forecast by Type
      9.7.1. Truckload
      9.7.2. LTL
      9.7.3. Other
      9.7.4. Freight Brokerag
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Freight Brokerage Demand Share Forecast, 2019-2026

10. Latin America Freight Brokerage Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Freight Brokerage Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Freight Brokerage Market Size and Volume Forecast by Application
      10.4.1. Food & Beverage
      10.4.2. Manufacturing
      10.4.3. Retail
      10.4.4. Auto & Industrial
      10.4.5. Chemical
      10.4.6. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Freight Brokerage Market Size and Volume Forecast by Type
      10.7.1. Truckload
      10.7.2. LTL
      10.7.3. Other
      10.7.4. Freight Brokerag
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Freight Brokerage Demand Share Forecast, 2019-2026

11. Europe Freight Brokerage Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Freight Brokerage Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Freight Brokerage Market Size and Volume Forecast by Application
      11.4.1. Food & Beverage
      11.4.2. Manufacturing
      11.4.3. Retail
      11.4.4. Auto & Industrial
      11.4.5. Chemical
      11.4.6. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Freight Brokerage Market Size and Volume Forecast by Type
      11.7.1. Truckload
      11.7.2. LTL
      11.7.3. Other
      11.7.4. Freight Brokerag
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Freight Brokerage Demand Share, 2019-2026

12. Asia Pacific Freight Brokerage Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Freight Brokerage Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Freight Brokerage Market Size and Volume Forecast by Application
      12.4.1. Food & Beverage
      12.4.2. Manufacturing
      12.4.3. Retail
      12.4.4. Auto & Industrial
      12.4.5. Chemical
      12.4.6. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Freight Brokerage Market Size and Volume Forecast by Type
      12.7.1. Truckload
      12.7.2. LTL
      12.7.3. Other
      12.7.4. Freight Brokerag
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Freight Brokerage Demand Share, 2019-2026

13. Middle East & Africa Freight Brokerage Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Freight Brokerage Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Freight Brokerage Market Size and Volume Forecast by Application
      13.4.1. Food & Beverage
      13.4.2. Manufacturing
      13.4.3. Retail
      13.4.4. Auto & Industrial
      13.4.5. Chemical
      13.4.6. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Freight Brokerage Market Size and Volume Forecast by Type
      13.7.1. Truckload
      13.7.2. LTL
      13.7.3. Other
      13.7.4. Freight Brokerag
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Freight Brokerage Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Freight Brokerage Market: Market Share Analysis
   14.2. Freight Brokerage Distributors and Customers
   14.3. Freight Brokerage Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. C.H. Robinson
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Expeditors
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Landstar System
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. TQL
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Coyote Logistics
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. XPO Logistics
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Yusen Logistics
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Echo Global Logistics
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. JB Hunt Transport
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Worldwide Express
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Hub Group
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. GlobalTranz Enterprises
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Allen Lund
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Transplace
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Werner Logistics
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. BNSF Logistics
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Freight Brokerag
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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