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.
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:
- 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
Highlights of The Freight Brokerage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Truckload
- LTL
- Other
- Freight Brokerag
- By Application:
- Food & Beverage
- Manufacturing
- Retail
- Auto & Industrial
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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