Freight Brokerage Trends and Forecast
The future of the global freight brokerage market looks promising with opportunities in the retail & e-commerce, manufacturing, healthcare, and automotive markets. The global freight brokerage market is expected to reach an estimated $87.9 billion by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are increasing e-commerce and online retail activities, escalating demand for supply chain optimization, and growth in international trade activities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Freight Brokerage by Segment
The study includes a forecast for the global freight brokerage by mode of transportation, end use, and region.
Freight Brokerage Market by Mode of Transportation [Shipment Analysis by Value from 2018 to 2030]:
• Waterways
• Roadways
• Others
Freight Brokerage Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Retail & E-Commerce
• Manufacturing
• Healthcare
• Automotive
• Others
Freight Brokerage Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Freight Brokerage Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies freight brokerage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the freight brokerage companies profiled in this report include-
• Redwood Logistics
• Worldwide Express
• Total Quality Logistics
• Hub Group
• ArcBest Corporation
• Coyote Logistics
• Echo Global Logistics
• Schneider
• JB Hunt Integrated Capacity Solutions
• CH Robinson
Freight Brokerage Market Insights
Lucintel forecasts that roadway is expected to witness the highest growth over the forecast period.
Within this market, retail & e-commerce is expected to witness the highest growth over the forecast period.
APAC will remain the largest region over the forecast period.
Features of the Global Freight Brokerage Market
Market Size Estimates: Freight brokerage market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Freight brokerage market size by mode of transportation, end use, and region in terms of value ($B).
Regional Analysis: Freight brokerage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mode of transportations, end uses, and regions for the freight brokerage market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the freight brokerage market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the freight brokerage market size?
Answer: The global freight brokerage market is expected to reach an estimated $87.9 billion by 2030.
Q2. What is the growth forecast for freight brokerage market?
Answer: The global freight brokerage market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the freight brokerage market?
Answer: The major drivers for this market are increasing e-commerce and online retail activities, escalating demand for supply chain optimization, and growth in international trade activities.
Q4. What are the major segments for freight brokerage market?
Answer: The future of the freight brokerage market looks promising with opportunities in the retail & e-commerce, manufacturing, healthcare, and automotive markets.
Q5. Who are the key freight brokerage market companies?
Answer: Some of the key freight brokerage companies are as follows:
• Redwood Logistics
• Worldwide Express
• Total Quality Logistics
• Hub Group
• ArcBest Corporation
• Coyote Logistics
• Echo Global Logistics
• Schneider
• JB Hunt Integrated Capacity Solutions
• CH Robinson
Q6. Which freight brokerage market segment will be the largest in future?
Answer: Lucintel forecasts that roadway is expected to witness the highest growth over the forecast period.
Q7. In freight brokerage market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the freight brokerage market by mode of transportation (waterways, roadways, and others), end use (retail & e-commerce, manufacturing, healthcare, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Freight Brokerage Market, Freight Brokerage Market Size, Freight Brokerage Market Growth, Freight Brokerage Market Analysis, Freight Brokerage Market Report, Freight Brokerage Market Share, Freight Brokerage Market Trends, Freight Brokerage Market Forecast, Freight Brokerage Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.