Freight Brokerage Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The rapidly increasing global trade and the need to control the time-in-transit is exponential boosting the automotive freight brokerage services market. The mounting adoption of blockchain in freight management, as well as rapidly growing communication technologies and IoT, is further supporting the growth of the market.
MARKET DYNAMICS
The emergence of advanced solutions in cargo security, safety, and transportation is driving the growth of the Freight brokerage services market. However, the cross-border trade risks may restrain the growth of the Freight brokerage services market. Furthermore, the autonomous trucking and smart freight transport is anticipated to create market opportunities for the freight brokerage services market during the forecast period.
MARKET SCOPE
The "Global Freight brokerage services market Analysis to 2028" is a specialized and in-depth study of the Freight brokerage services market with a special focus on the global market trend analysis. The report aims to provide an overview of Freight brokerage services market with detailed market segmentation by type, industry vertical, and geography. The global Freight brokerage services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Freight brokerage services market players and offers key trends and opportunities in the Freight brokerage services market.
MARKET SEGMENTATION
The global Freight brokerage services market is segmented on the basis of type and industrial vertical. Based on system the market is fragmented into truckload freight and LTL Freight introduction. Similarly, based on type the market is segmented food and beverage, manufacturing, auto and industrial, chemical, and other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Freight brokerage services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Freight brokerage services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Freight brokerage services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Freight brokerage services market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Freight brokerage services market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Freight brokerage services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Freight brokerage services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Freight brokerage services market in these regions.
MARKET PLAYERS
The reports cover key developments in the Freight brokerage services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Freight brokerage services market are anticipated to lucrative growth opportunities in the future with the rising demand for Freight brokerage services market. Below mentioned is the list of few companies engaged in the Freight brokerage services market.
The report also includes the profiles of key Freight brokerage services market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- C.H. Robinson
- Coyote Logistics
- Echo Global Logistics
- GlobalTranz
- J.B. Hunt Transport
- Landstar System
- Mode Transportation
- NTG Freight
- Total Quality Logistics (TQL)
- XPO Logistics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Freight Brokerage Services Market - By Type
1.3.2 Freight Brokerage Services Market - By Industry Vertical
1.3.3 Freight Brokerage Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FREIGHT BROKERAGE SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FREIGHT BROKERAGE SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FREIGHT BROKERAGE SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. FREIGHT BROKERAGE SERVICES - GLOBAL MARKET OVERVIEW
6.2. FREIGHT BROKERAGE SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FREIGHT BROKERAGE SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TRUCKLOAD FREIGHT
7.3.1. Overview
7.3.2. Truckload Freight Market Forecast and Analysis
7.4. LTL FREIGHT INTRODUCTION
7.4.1. Overview
7.4.2. LTL Freight Introduction Market Forecast and Analysis
8. FREIGHT BROKERAGE SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.4. MANUFACTURING
8.4.1. Overview
8.4.2. Manufacturing Market Forecast and Analysis
8.5. AUTO AND INDUSTRIAL
8.5.1. Overview
8.5.2. Auto and Industrial Market Forecast and Analysis
8.6. CHEMICAL
8.6.1. Overview
8.6.2. Chemical Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. FREIGHT BROKERAGE SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Freight Brokerage Services Market Overview
9.1.2 North America Freight Brokerage Services Market Forecasts and Analysis
9.1.3 North America Freight Brokerage Services Market Forecasts and Analysis - By Type
9.1.4 North America Freight Brokerage Services Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Freight Brokerage Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Freight Brokerage Services Market
9.1.5.1.1 United States Freight Brokerage Services Market by Type
9.1.5.1.2 United States Freight Brokerage Services Market by Industry Vertical
9.1.5.2 Canada Freight Brokerage Services Market
9.1.5.2.1 Canada Freight Brokerage Services Market by Type
9.1.5.2.2 Canada Freight Brokerage Services Market by Industry Vertical
9.1.5.3 Mexico Freight Brokerage Services Market
9.1.5.3.1 Mexico Freight Brokerage Services Market by Type
9.1.5.3.2 Mexico Freight Brokerage Services Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Freight Brokerage Services Market Overview
9.2.2 Europe Freight Brokerage Services Market Forecasts and Analysis
9.2.3 Europe Freight Brokerage Services Market Forecasts and Analysis - By Type
9.2.4 Europe Freight Brokerage Services Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Freight Brokerage Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Freight Brokerage Services Market
9.2.5.1.1 Germany Freight Brokerage Services Market by Type
9.2.5.1.2 Germany Freight Brokerage Services Market by Industry Vertical
9.2.5.2 France Freight Brokerage Services Market
9.2.5.2.1 France Freight Brokerage Services Market by Type
9.2.5.2.2 France Freight Brokerage Services Market by Industry Vertical
9.2.5.3 Italy Freight Brokerage Services Market
9.2.5.3.1 Italy Freight Brokerage Services Market by Type
9.2.5.3.2 Italy Freight Brokerage Services Market by Industry Vertical
9.2.5.4 United Kingdom Freight Brokerage Services Market
9.2.5.4.1 United Kingdom Freight Brokerage Services Market by Type
9.2.5.4.2 United Kingdom Freight Brokerage Services Market by Industry Vertical
9.2.5.5 Rest of Europe Freight Brokerage Services Market
9.2.5.5.1 Rest of Europe Freight Brokerage Services Market by Type
9.2.5.5.2 Rest of Europe Freight Brokerage Services Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Freight Brokerage Services Market Overview
9.3.2 Asia-Pacific Freight Brokerage Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Freight Brokerage Services Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Freight Brokerage Services Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Freight Brokerage Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Freight Brokerage Services Market
9.3.5.1.1 Australia Freight Brokerage Services Market by Type
9.3.5.1.2 Australia Freight Brokerage Services Market by Industry Vertical
9.3.5.2 China Freight Brokerage Services Market
9.3.5.2.1 China Freight Brokerage Services Market by Type
9.3.5.2.2 China Freight Brokerage Services Market by Industry Vertical
9.3.5.3 India Freight Brokerage Services Market
9.3.5.3.1 India Freight Brokerage Services Market by Type
9.3.5.3.2 India Freight Brokerage Services Market by Industry Vertical
9.3.5.4 Japan Freight Brokerage Services Market
9.3.5.4.1 Japan Freight Brokerage Services Market by Type
9.3.5.4.2 Japan Freight Brokerage Services Market by Industry Vertical
9.3.5.5 South Korea Freight Brokerage Services Market
9.3.5.5.1 South Korea Freight Brokerage Services Market by Type
9.3.5.5.2 South Korea Freight Brokerage Services Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Freight Brokerage Services Market
9.3.5.6.1 Rest of Asia-Pacific Freight Brokerage Services Market by Type
9.3.5.6.2 Rest of Asia-Pacific Freight Brokerage Services Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Freight Brokerage Services Market Overview
9.4.2 Middle East and Africa Freight Brokerage Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Freight Brokerage Services Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Freight Brokerage Services Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Freight Brokerage Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Freight Brokerage Services Market
9.4.5.1.1 South Africa Freight Brokerage Services Market by Type
9.4.5.1.2 South Africa Freight Brokerage Services Market by Industry Vertical
9.4.5.2 Saudi Arabia Freight Brokerage Services Market
9.4.5.2.1 Saudi Arabia Freight Brokerage Services Market by Type
9.4.5.2.2 Saudi Arabia Freight Brokerage Services Market by Industry Vertical
9.4.5.3 U.A.E Freight Brokerage Services Market
9.4.5.3.1 U.A.E Freight Brokerage Services Market by Type
9.4.5.3.2 U.A.E Freight Brokerage Services Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Freight Brokerage Services Market
9.4.5.4.1 Rest of Middle East and Africa Freight Brokerage Services Market by Type
9.4.5.4.2 Rest of Middle East and Africa Freight Brokerage Services Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Freight Brokerage Services Market Overview
9.5.2 South and Central America Freight Brokerage Services Market Forecasts and Analysis
9.5.3 South and Central America Freight Brokerage Services Market Forecasts and Analysis - By Type
9.5.4 South and Central America Freight Brokerage Services Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Freight Brokerage Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Freight Brokerage Services Market
9.5.5.1.1 Brazil Freight Brokerage Services Market by Type
9.5.5.1.2 Brazil Freight Brokerage Services Market by Industry Vertical
9.5.5.2 Argentina Freight Brokerage Services Market
9.5.5.2.1 Argentina Freight Brokerage Services Market by Type
9.5.5.2.2 Argentina Freight Brokerage Services Market by Industry Vertical
9.5.5.3 Rest of South and Central America Freight Brokerage Services Market
9.5.5.3.1 Rest of South and Central America Freight Brokerage Services Market by Type
9.5.5.3.2 Rest of South and Central America Freight Brokerage Services Market by Industry Vertical
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FREIGHT BROKERAGE SERVICES MARKET, KEY COMPANY PROFILES
11.1. C.H. ROBINSON
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COYOTE LOGISTICS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ECHO GLOBAL LOGISTICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GLOBALTRANZ
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. J.B. HUNT TRANSPORT
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LANDSTAR SYSTEM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MODE TRANSPORTATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NTG FREIGHT
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOTAL QUALITY LOGISTICS (TQL)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XPO LOGISTICS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. C.H. Robinson
2. Coyote Logistics
3. Echo Global Logistics
4. GlobalTranz
5. J.B. Hunt Transport
6. Landstar System
7. Mode Transportation
8. NTG Freight
9. Total Quality Logistics (TQL)
10. XPO Logistics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.