United States Customs Brokerage Market Outlook Report - Market Size, Share Analysis and Forecast (2024-2032)

United States Customs Brokerage Market Outlook

The United States customs brokerage market size reached approximately USD 3.99 billion in 2023. The market is estimated to grow at a CAGR of 4.2% in the forecast period of 2024-2032, reaching a value of around USD 5.81 billion by 2032.

Key Trends in the Market

Customs brokerage is a process of handling import, export, tariffs, customs laws, and other regulations for the clearance of goods before shipments across borders. Customs brokerage services can be offered by independent contractors, freight forwarders, and governments, among other agencies.

• The growing complexity of customs regulations is boosting the demand for expert customs brokers who can navigate through the stringent regulations seamlessly, hence driving the United States customs brokerage market growth. Expert customs brokers stay updated with the latest customs laws to help companies avoid penalties, manage all the processes efficiently, and mitigate overall business risks during international or cross-border trades.

• Increased deployment of advanced technologies such as data analytics and process automation to simplify the customs clearance process is another prominent trend boosting the United States customs brokerage market expansion. Data analytics can offer valuable insights into international trade patterns for risk assessment and informed decision making whereas process automation can automate several customs processes such as data entry and documentation to save time, free up resources, and reduce the risk of human error.

• Growing acquisitions and mergers between market players to expand their customs brokerage capabilities are also expected to support the United States customs brokerage market demand in the coming years. For example, in November 2023, Kuehne Nagel, a US-based logistics company, acquired Farrow, a Canada-based customs brokerage company, to ease up the customs clearance process at the Canada-USA and Mexico-USA border.

United States Customs Brokerage Market Segmentation

Based on the mode of transport, the market is divided into sea, air, and cross border land transport. On the basis of industry vertical, the market is classified into healthcare, manufacturing, automotive, and retail and consumer goods, among others. The major regional markets of customs brokerage in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States customs brokerage market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• United Parcel Service, Inc.

• FedEx Corp. 

• Deutsche Post AG

• Kuehne and Nagel International AG

• CMA CGM Group (CEVA) 

• C.H. Powell Company

• Schenker AG

• C.H. Robinson Worldwide, Inc. 

• Expeditors International of Washington, Inc. 

• Livingston International Inc.

• Others

Market Share by Mode of Transport

Sea transport occupies a significant portion of the United States customs brokerage market share, as it is a major mode of shipment in the US, which boosts the demand for efficient customs brokerage services to ease the customs clearance process. It offers a cost-effective option for the transport of large volumes of goods internationally compared to air transport, which further makes it an attractive option among traders.

Additionally, the rising trade activities between the USA-Mexico as well as the USA-Canada have fuelled the demand for customs brokerage in road transport.

Market Share by Industry Vertical

As per the United States customs brokerage market analysis, the manufacturing sector accounts for a healthy market share, as manufacturers in the country generally import raw materials from other countries, due to their cost-effectiveness. Customs brokerage services ensure that the supply chain for the manufacturing sector is streamlined and facilitate the smooth delivery of goods across borders.

The retail and consumer goods sector is also expected to gain sizeable growth in the foreseeable future, due to the rising popularity of online retail.

Competitive Landscape

United Parcel Service, Inc. is a global shipping and supply chain management company, incorporated in 1907 and based in Georgia, the United States. The company offers its freight, logistics, and courier services in over 200 countries. It aids enterprises with custom brokerage solutions such as customs clearance, regulatory compliance, and document imaging, among others.

FedEx Corp., established in 1971 and based in Tennessee, the United States, is an e-commerce and transportation company. Some of its primary services include air freight forwarding, ocean freight forwarding, transportation management, and customs brokerage, among others. The company has a robust supply chain in over 220 countries through which it connects businesses with customers.

Deutsche Post AG, founded in 1995 and headquartered in Bonn, Germany, is a brand of DHL that offers mail services. The company offers air freight, road freight, ocean freight, domestic freight, and customs services. It provides customs consulting to its clients to optimise duties and identify potential risk areas.

Other United States customs brokerage market players include Kuehne and Nagel International AG, CMA CGM Group (CEVA), C.H. Powell Company, Schenker AG, C.H. Robinson Worldwide, Inc., Expeditors International of Washington, Inc., and Livingston International Inc., among others.

Key Highlights of the Report

United States Customs Brokerage Market Report Snapshots

United States Customs Brokerage Market Size

United States Customs Brokerage Market Share

United States Customs Brokerage Companies