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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
United States Customs Brokerage Market Report Snapshots
United States Customs Brokerage Market Size
United States Customs Brokerage Market Share
United States Customs Brokerage Companies
*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.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.99 billion.
The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 5.81 billion by 2032.
The major market drivers are the rise of global trade, the robust growth of the e-commerce sector, and increased demand for logistics services.
The key trends of the market include the growing complexity of customs regulations, increased integration of advanced technologies in customs brokerage, and growing acquisitions and mergers between the market players to expand their customs brokerage capabilities.
The major regions in the market are New England, the Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different modes of transport are sea, air, and cross border land transport.
The key players in the market are 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., and Livingston International Inc., among others.
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