Freight Brokerage Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40504

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The freight brokerage market size is expected to grow by USD 41.60 billion and record a CAGR of 4.13% during 2021-2025.

This post-pandemic freight brokerage market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this freight brokerage market analysis report, key drivers such as the presence of FTAs and trade blocs at the global level have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as consolidation of global shipping industry, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Freight Brokerage Market Size be in 2021?


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Who are the Key Vendors in the Freight Brokerage Market?

The freight brokerage market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:


  • C.H. Robinson Worldwide Inc.
  • DSV Panalpina AS
  • Echo Global Logistics Inc.
  • Expeditors International of Washington Inc.
  • Hub Group Inc.
  • J.B. Hunt Transport Services Inc.
  • Kuehne + Nagel International AG
  • Nippon Yusen Kabushiki Kaisha
  • United Parcel Service Inc.
  • XPO Logistics Inc.


The freight brokerage market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This freight brokerage market report further entails segmentation by service (LTL, FTL, temperature-controlled freight, and others) and geography (North America, Europe, APAC, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.


Which are the Key Regional Markets for Freight Brokerage Market?


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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the freight brokerage market in 2021, and the region will offer several growth opportunities to market vendors during the forecast period. The growth in global demand for transportation and logistics services will significantly influence freight brokerage market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

34% of the market’s growth will originate from North America during the forecast period. The US is a key market for freight brokerage in the region. This report provides estimations of the contribution of all regions to the growth of the freight brokerage market size.


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What are the Key Factors Covered in this Freight Brokerage Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive freight brokerage market growth during the next five years
  • Precise estimation of the freight brokerage market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the freight brokerage industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of freight brokerage market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The freight brokerage market growth will increase by $41.47 billion during 2019-2024.
The freight brokerage market is expected to grow at a CAGR of 4.29% during 2019-2024.
Technavio has segmented the freight brokerage market by service (LTL, FTL, Temperature-controlled freight, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
C.H. Robinson Worldwide Inc., Echo Global Logistics Inc., Expeditors International of Washington Inc., Hub Group Inc., J.B. Hunt Transport Services Inc., Kuehne + Nagel International AG, Nippon Yusen Kabushiki Kaisha, Panalpina World Transport (Holding) Ltd., United Parcel Service of America Inc., XPO Logistics Inc. are a few of the key vendors in the freight brokerage market.
North America will register the highest growth rate of 32.79% among the other regions. Therefore, the freight brokerage market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • Japan
  • China
  • France
  • UK
The key factors driving the freight brokerage market growth are:
  • Presence of FTAs and trade blocs at global level
  • Growth in global demand for transportation and logistics services
The freight brokerage market vendors should focus on grabbing business opportunities from the ltl segment as it accounted for the largest market share in the base year.
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