Global Freight Brokerage Market Demand Outlook, COVID-19 Impact, Trend Analysis by Industry, by Services (Manufacturing, Distribution Services, Electronic Services, Financial Services, Professional Services, Others) by Freight Movement (Truck, Air, Water, Rail, Multiple Modes and Mail) and Industry Estimates 2021-2027
- Published: Dec, 2021
- Report ID: QAR-AT02024
- Format: Electronic (PDF)
- Historical Data : 2017 - 2019
The Global Freight Brokerage Market is projected to grow at a CAGR of 3.9% over the next six years. The freight brokerage industry is the middle man of the shipping industry. Freight brokers provide a service by linking customers with shippers and trucking companies. With the slowdown in world economic growth, the freight brokerage industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the penetration of freight brokerage in the total North America freight market is significantly increasing. Freight brokerage platforms help match shippers and carriers to maximize truckload utilization. decrease deadhead miles, and accelerate shipping times, effectively addressing the inefficiency challenge. In February, Convoy announced that it could automatically match l00% of loads to carriers without human intervention.
The North America digital freight brokerage market is expected to expand at a significant rate over the coming years. Empty miles account for a staggering 25-40%, depending on the type of operation, of total road-freight miles every year in North America. They result in fuel wastage. non-productive emissions. lost driver hours, inflated operational costs, and unnecessary road congestion. The need to minimize empty miles presents an enormous opportunity for digital freight brokerage providers to streamline and efficiently handle logistics
Multi Model Offerings
- The major players are offering wide range of multimodality to stay competitive and hold their share of the market. The offerings include flatbed trucks for long and short haul along with refrigerated trucks with different temperature ranges. The companies are also offering intermodal logistics, encompassing rail, road, ocean, and air allowing the clients to choose the routes and modes.
- When it comes to oceans, companies are providing drayage and ware house facilities. Whether it is a Full Truck Load or less than Truck Load, Full container Load or LCL, the key companies offer global freight consolidation services and even incorporate small parcel services reducing the overall price.
- One of the giants, C.H. Robinson also recently started its Last ivlile service enabling better reverse logistics and retail merchandising and home delivery. It also provides consulting services for trade compliance. It provides consulting services for Customs Trade Partnership Against Terrorism (CTPAT) which is a voluntary Public and Private partnership to enhance cargo secuSty. It provides consulting for HTSUS classification and ECC.
Scope of the report
The main purpose of QuantAlign report is to provide a broad and exhaustive overview of the Global Freight Brokerage Market, and associated trends
This report fulfils the following objectives:
- Assess the market for Freight Brokerages
- Explain the market dynamics for different Freight Brokerage services and Industries
- Identify the key drivers that will shape the market’s future
- Provide an overview of the price cost analysis
- Deliver a concise overview of the different trends and opportunities driving the Freight Brokerage business and explore niches within the industry
- Present data rankings for the industry leaders, describing and analyzing the opportunity over the forecast period, the latest developments, and future trends across the player landscape
- Provide the overview of the industry supply chain, with the main players and their market shares as well as their product portfolio
This report covers all the different Freight Brokerages by Industries, and related markets This includes
Type such as:
- Food & Beverage
- Manufacturing
- Retail
- Auto / Industrial
- Chemicals
- Paper Packaging
- Professional Services
- Healthcare
- Energy Utilities
- Healthcare
- Others
This report is both application and technology oriented:
- Each important industry aspect is targeted, with specific needs and pricing analyzed, in order to determine opportunity and challenges to be faced for companies and their impact on the overall market
- Technology integration and choices of the freight brokerage companies in the world are analyzed, and technology advancement is provided
Special focuses are also included in this report, based on current trends both for technology and supply chain organization
- Main technological trends and ongoing development of freight brokerages
- Analyze how business models and supply chains evolve
- Current & future trends, challenges to face, especially for increasing economic competitiveness overriding environmental protection
The report provides detailed market outlook, and forecast of the Global Freight Brokerage Market based on, material, structure, application, floor type, end-user, and region.
Report Scope
| Research Attribute | Coverage |
|---|---|
| Years Considered | 2017-2027 |
| Historical Years | 2017, 2018, 2019 |
| Base Year | 2020 |
| Forecast Period | 2021-2027 |
| Units Considered | USD Million |
| Segmentation By Industry |
|
| Segmentation by Services |
|
| Segmentation by Freight Movement |
|
| Regions Covered |
|
| Key Company Profiles | Echo Global Logistics, Inc., United Parcel Service of America Inc., Eurosonix, Hub Group, England Logistics, C.H. Robinson Worldwide, Inc., Kuehne + Nagel International AG, Nippon Yusen, Sinotrans Ltd. Kabushiki,Kaisha, XPO Logistics,UBER Freight, Coyote Logistics, Schneider, Redwood Logistics are among others. |
CHAPTER 1. Market Scope and Methodology
1.1. Research methodology
1.2. Objectives of the report
1.3. Research scope & assumptions
1.4. List of data sources
CHAPTER 2. Executive Summary
2.1. Freight Brokerage Market – Key industry insights
CHAPTER 3. Market Outlook
3.1. Market definition
3.2. Market segmentation
3.3. Value chain analysis
3.4. Technological overview
3.5. Freight Brokerage Market: developed v/s developing countries
3.6. Market opportunities & trends
3.7. Market dynamics
3.7.1. Market driver analysis
3.7.1.1. Impact analysis
3.7.2. Market restraint analysis
3.7.2.1. Impact analysis
3.8. Industry analysis – Porter’s
3.8.1. Bargaining power of suppliers
3.8.2. Bargaining power of buyers
3.8.3. Threat of new entrants
3.8.4. Threat of substitutes
3.8.5. Competitive rivalry
3.9. PESTEL analysis
3.10. SWOT Analysis
3.11. Cost Model
CHAPTER 4. Competitive Outlook
4.1. Competitive framework
4.2. Company market share analysis
4.3. Strategic layout
4.4. Opportunity Assessment
CHAPTER 5. COVID-19 Implications
5.1. Global industry impact of COVID-19 pandemic
5.1.1. Impact analysis
5.1.2. Analyst recommendations
CHAPTER 6. Global Freight Brokerage Market Size and Forecast (2017 - 2027)
6.1. Global Freight Brokerage Market, By Industry (USD Million)
6.1.1. Food & Beverage
6.1.2. Manufacturing
6.1.3. Retail
6.1.4. Auto / Industrial
6.1.5. Chemicals
6.1.6. Paper Packaging
6.1.7. Professional Services
6.1.8. Healthcare
6.1.9. Energy Utilities
6.1.10. Healthcare
6.1.11. Others
6.2. Global Freight Brokerage Market, By Services (USD Million)
6.2.1. Manufacturing
6.2.2. Distribution Services
6.2.3. Electronic Services
6.2.4. Financial Services
6.2.5. Professional Services
6.2.6. Others
6.3. Global Freight Brokerage Market, By Freight Movement (USD Million)
6.3.1. Truck
6.3.2. Air
6.3.3. Water
6.3.4. Rail
6.3.5. Multiple Modes and Mail
6.4. Global Freight Brokerage Market, By Region (USD Million)
6.4.1. North America
6.4.2. Europe
6.4.3. Asia-Pacific
6.4.4. Central & South America (CSA)
6.4.5. Middle East & Africa (MEA)
CHAPTER 7. Global Freight Brokerage Market Size and Forecast, By Region (2017 - 2027)
7.1. North America Freight Brokerage Market (USD Million)
7.1.1. North America Freight Brokerage Market, By Industry (USD Million)
7.1.2. North America Freight Brokerage Market, By Services(USD Million)
7.1.3. North America Freight Brokerage Market, By Freight Movement (USD Million)
7.1.4. The U.S. Freight Brokerage Market (USD Million)
7.1.4.1. U.S. Freight Brokerage Market, By Industry (USD Million)
7.1.4.2. U.S. Freight Brokerage Market, By Services (USD Million)
7.1.4.3. U.S. Freight Brokerage Market, By Freight Movement (USD Million)
7.1.5. Canada Freight Brokerage Market (USD Million)
7.1.5.1. Canada Freight Brokerage Market, By Industry (USD Million)
7.1.5.2. Canada Freight Brokerage Market, By Services (USD Million)
7.1.5.3. Canada Freight Brokerage Market, By Freight Movement (USD Million)
7.1.5.4. Canada Freight Brokerage Market, By End-Use (USD Million)
7.1.6. Mexico Freight Brokerage Market (USD Million)
7.1.6.1. Mexico Freight Brokerage Market, By Industry (USD Million)
7.1.6.2. Mexico Freight Brokerage Market, By Services (USD Million)
7.1.6.3. Mexico Freight Brokerage Market, By Freight movement (USD Million)
7.2. Europe Freight Brokerage Market (USD Million)
7.2.1. Europe Freight Brokerage Market, By Industry (USD Million)
7.2.2. Europe Freight Brokerage Market, By Services (USD Million)
7.2.3. Europe Freight Brokerage Market, By Freight movement (USD Million)
7.2.4. Germany Freight Brokerage Market (USD Million)
7.2.4.1. Germany Freight Brokerage Market, By Industry (USD Million)
7.2.4.2. Germany Freight Brokerage Market, By Services (USD Million)
7.2.4.3. Germany Freight Brokerage Market, By Freight movement (USD Million)
7.2.5. The U.K Freight Brokerage Market (USD Million)
7.2.5.1. The U.K. Freight Brokerage Market, By Industry (USD Million)
7.2.5.2. The U.K. Freight Brokerage Market, By Services (USD Million)
7.2.5.3. The U.K. Freight Brokerage Market, By Freight movement (USD Million)
7.2.5.4. The U.K. Freight Brokerage Market, By End-Use (USD Million)
7.2.6. France Freight Brokerage Market (USD Million)
7.2.6.1. France Freight Brokerage Market, By Industry (USD Million)
7.2.6.2. France Freight Brokerage Market, By Services (USD Million)
7.2.6.3. France Freight Brokerage Market, By Freight movement (USD Million)
7.2.7. Italy Freight Brokerage Market (USD Million)
7.2.7.1. Italy Freight Brokerage Market, By Industry (USD Million)
7.2.7.2. Italy Freight Brokerage Market, By Services (USD Million)
7.2.7.3. Italy Freight Brokerage Market, By Freight movement (USD Million)
7.2.8. Spain Freight Brokerage Market (USD Million)
7.2.8.1. Spain Freight Brokerage Market, By Industry (USD Million)
7.2.8.2. Spain Freight Brokerage Market, By Services (USD Million)
7.2.8.3. Spain Freight Brokerage Market, By Freight movement (USD Million)
7.3. Asia-Pacific Freight Brokerage Market (USD Million)
7.3.1. APAC Freight Brokerage Market, By Industry (USD Million)
7.3.2. APAC Freight Brokerage Market, By Services (USD Million)
7.3.3. APAC Freight Brokerage Market, By Freight movement (USD Million)
7.3.4. China Freight Brokerage Market (USD Million)
7.3.4.1. China Freight Brokerage Market, By Industry (USD Million)
7.3.4.2. China Freight Brokerage Market, By Services (USD Million)
7.3.4.3. China Freight Brokerage Market, By Freight movement (USD Million)
7.3.5. Japan Freight Brokerage Market (USD Million)
7.3.5.1. Japan Freight Brokerage Market, By Industry (USD Million)
7.3.5.2. Japan Freight Brokerage Market, By Services (USD Million)
7.3.5.3. Japan Freight Brokerage Market, By Freight movement (USD Million)
7.3.6. India Freight Brokerage Market (USD Million)
7.3.6.1. India Freight Brokerage Market, By Industry (USD Million)
7.3.6.2. India Freight Brokerage Market, By Services (USD Million)
7.3.6.3. India Freight Brokerage Market, By Freight movement (USD Million)
7.3.7. South Korea Freight Brokerage Market (USD Million)
7.3.7.1. South Korea Freight Brokerage Market, By Industry (USD Million)
7.3.7.2. South Korea Freight Brokerage Market, By Services (USD Million)
7.3.7.3. South Korea Freight Brokerage Market, By Freight movement (USD Million)
7.3.8. Malaysia Freight Brokerage Market (USD Million)
7.3.8.1. Malaysia Freight Brokerage Market, By Industry (USD Million)
7.3.8.2. Malaysia Freight Brokerage Market, By Services (USD Million)
7.3.8.3. Malaysia Freight Brokerage Market, By Freight movement (USD Million)
7.3.9. Thailand Freight Brokerage Market (USD Million)
7.3.9.1. Thailand Freight Brokerage Market, By Industry (USD Million)
7.3.9.2. Thailand Freight Brokerage Market, By Services (USD Million)
7.3.9.3. Thailand Freight Brokerage Market, By Freight movement (USD Million)
7.3.10. Australia Freight Brokerage Market (USD Million)
7.3.10.1. Australia Freight Brokerage Market, By Industry (USD Million)
7.3.10.2. Australia Freight Brokerage Market, By Services (USD Million)
7.3.10.3. Australia Freight Brokerage Market, By Freight movement (USD Million)
7.4. Central & South America (CSA) Freight Brokerage Market (USD Million)
7.4.1. CSA Freight Brokerage Market, By Industry (USD Million)
7.4.2. CSA Freight Brokerage Market, By Services (USD Million)
7.4.3. CSA Freight Brokerage Market, By Freight movement (USD Million)
7.4.4. Brazil Freight Brokerage Market (USD Million)
7.4.4.1. Brazil Freight Brokerage Market, By Industry (USD Million)
7.4.4.2. Brazil Freight Brokerage Market, By Services (USD Million)
7.4.4.3. Brazil Freight Brokerage Market, By Freight movement (USD Million)
7.4.5. Argentina Freight Brokerage Market (USD Million)
7.4.5.1. Argentina Freight Brokerage Market, By Industry (USD Million)
7.4.5.2. Argentina Freight Brokerage Market, By Services (USD Million)
7.4.5.3. Argentina Freight Brokerage Market, By Freight movement (USD Million)
7.5. Middle East & Africa (MEA) Freight Brokerage Market (USD Million)
7.5.1. MEA Freight Brokerage Market, By Industry (USD Million)
7.5.2. MEA Freight Brokerage Market, By Services (USD Million)
7.5.3. MEA Freight Brokerage Market, By Freight movement (USD Million)
7.5.4. UAE Freight Brokerage Market (USD Million)
7.5.4.1. UAE Freight Brokerage Market, By Industry (USD Million)
7.5.4.2. UAE Freight Brokerage Market, By Services (USD Million)
7.5.4.3. UAE Freight Brokerage Market, By Freight movement (USD Million)
7.5.5. Saudi Arabia Freight Brokerage Market (USD Million)
7.5.5.1. Saudi Arabia Freight Brokerage Market, By Industry (USD Million)
7.5.5.2. Saudi Arabia Freight Brokerage Market, By Services (USD Million)
7.5.5.3. Saudi Arabia Freight Brokerage Market, By Freight movement (USD Million)
7.5.6. South Africa Freight Brokerage Market (USD Million)
7.5.6.1. South Africa Freight Brokerage Market, By Industry (USD Million)
7.5.6.2. South Africa Freight Brokerage Market, By Services (USD Million)
7.5.6.3. South Africa Freight Brokerage Market, By Freight movement (USD Million)
CHAPTER 8. Key Players and Strategic Developments
8.1. Echo Global Logistics, Inc.
8.1.1. Business Overview
8.1.2. Product and Service Offering
8.1.3. Financial Overview
8.1.4. Strategic Developments
8.2. United Parcel Service of America Inc.
8.2.1. Business Overview
8.2.2. Product and Service Offering
8.2.3. Financial Overview
8.2.4. Strategic Developments
8.3. Eurosonix
8.3.1. Business Overview
8.3.2. Product and Service Offering
8.3.3. Financial Overview
8.3.4. Strategic Developments
8.4. Hub Group
8.4.1. Business Overview
8.4.2. Product and Service Offering
8.4.3. Financial Overview
8.4.4. Strategic Developments
8.5. England Logistics
8.5.1. Business Overview
8.5.2. Product and Service Offering
8.5.3. Financial Overview
8.5.4. Strategic Developments
8.6. C.H. Robinson Worldwide, Inc.
8.6.1. Business Overview
8.6.2. Product and Service Offering
8.6.3. Financial Overview
8.6.4. Strategic Developments
8.7. Kuehne + Nagel International AG
8.7.1. Business Overview
8.7.2. Product and Service Offering
8.7.3. Financial Overview
8.7.4. Strategic Developments
8.8. Nippon Yusen
8.8.1. Business Overview
8.8.2. Product and Service Offering
8.8.3. Financial Overview
8.8.4. Strategic Developments
8.9. Sinotrans Ltd.
8.9.1. Business Overview
8.9.2. Product and Service Offering
8.9.3. Financial Overview
8.9.4. Strategic Developments
8.10. XPO Logistics
8.10.1. Business Overview
8.10.2. Product and Service Offering
8.10.3. Financial Overview
8.10.4. Strategic Developments
8.11. Uber Freight
8.11.1. Business Overview
8.11.2. Product and Service Offering
8.11.3. Financial Overview
8.11.4. Strategic Developments
8.12. Coyote Logistics
8.12.1. Business Overview
8.12.2. Product and Service Offering
8.12.3. Financial Overview
8.12.4. Strategic Developments
8.13. Schneider
8.13.1. Business Overview
8.13.2. Product and Service Offering
8.13.3. Financial Overview
8.13.4. Strategic Developments
8.14. Redwood Logistics
8.14.1. Business Overview
8.14.2. Product and Service Offering
8.14.3. Financial Overview
8.14.4. Strategic Developments