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The global freight brokerage market reached nearly USD 59.62 billion in 2023. The market is estimated to grow at a CAGR of 5.90% between 2024 and 2032, reaching a value of around USD 99.77 billion by 2032.
Freight brokerage is a branch of business, acting as an intermediary between the shipper and carrier. It also facilitates communication between the shipper and carrier. The role of a freight broker is to match shippers with suitable carriers to meet their transportation requirements and to provide the most efficient and cost-effective shipping solutions for their clients.
Freight Brokerage Market Share
Freight Brokerage Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Freight Brokerage Market Analysis
8.1 Key Industry Highlights
8.2 Global Freight Brokerage Historical Market (2018-2023)
8.3 Global Freight Brokerage Market Forecast (2024-2032)
8.4 Global Freight Brokerage Market by Services
8.4.1 Intermodal
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Truckload
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Less than Truckload
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Freight Brokerage Market by Customer Type
8.5.1 Business to Business (B2B)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Business to Consumer (B2C)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Freight Brokerage Market by Mode of Transport
8.6.1 Waterways
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Roadways
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Freight Brokerage Market by End-Use Industry
8.7.1 Retail and E-commerce
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Manufacturing
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Automotive
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Freight Brokerage Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Freight Brokerage Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Freight Brokerage Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Freight Brokerage Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Freight Brokerage Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Freight Brokerage Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 C.H. Robinson Worldwide, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Total Quality Logistics, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 XPO, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Echo Global Logistics, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Worldwide Express, LLC,
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Coyote Logistics, LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Landstar System Holdings, Inc
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Mode Global, LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 GlobalTranz Enterprises, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Hub Group, Inc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Freight Brokerage Market: Key Industry Highlights, 2018 and 2032
2. Global Freight Brokerage Historical Market: Breakup by Services (USD Billion), 2018-2023
3. Global Freight Brokerage Market Forecast: Breakup by Services (USD Billion), 2024-2032
4. Global Freight Brokerage Historical Market: Breakup by Customer Type (USD Billion), 2018-2023
5. Global Freight Brokerage Market Forecast: Breakup by Customer Type (USD Billion), 2024-2032
6. Global Freight Brokerage Historical Market: Breakup by Mode of Transport (USD Billion), 2018-2023
7. Global Freight Brokerage Market Forecast: Breakup by Mode of Transport (USD Billion), 2024-2032
8. Global Freight Brokerage Historical Market: Breakup by End-Use Industry (USD Billion), 2018-2023
9. Global Freight Brokerage Market Forecast: Breakup by End-Use Industry (USD Billion), 2024-2032
10. Global Freight Brokerage Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Freight Brokerage Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Freight Brokerage Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Freight Brokerage Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Freight Brokerage Market Structure
In 2023, the market reached an approximate value of USD 59.62 billion
The market is projected to grow at a CAGR of 5.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 99.77 billion by 2032.
The market is being driven by the steadily increasing demand for cross-border freight services and the growing dependency of countries on international trade for resources.
The market is augmented by the rising adoption of automation and data analytics and the rapid growth of the e-commerce sector, enhancing the demand for freight services.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end-use industries considered in the market report include retail and e-commerce, manufacturing, healthcare, and automotive, among others.
The key players in the global freight brokerage market include C.H. Robinson Worldwide, Inc, Total Quality Logistics, LLC, XPO, Inc., Echo Global Logistics, Inc., Worldwide Express, LLC, Coyote Logistics, LLC, Landstar System Holdings, Inc, Mode Global, LLC, GlobalTranz Enterprises, LLC, and Hub Group, Inc., among others.
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