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 $ 41.60 bn and record a CAGR of 4% 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 presence of ftas and trade blocs at 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?

Freight-Brokerage-Market-Market-Size-2020-2025

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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.
  • Hub Group Inc.
  • XPO Logistics Inc.
  • United Parcel Service Inc.
  • J.B. Hunt Transport Services Inc.
  • Expeditors International of Washington Inc.
  • Kuehne + Nagel International AG
  • Nippon Yusen Kabushiki Kaisha.

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The freight brokerage market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This freight brokerage market report further entails segmentations by service (LTL, FTL, Temperature-controlled freight, and Others) and geography (North America, Europe, APAC, South America, and MEA). The available actionable insights on the segmentations, in this report, will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The freight brokerage market further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Freight Brokerage Market?

Freight-Brokerage-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. North America will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. The growth in global demand for transportation and logistics services will significantly influence freight brokerage market growth in this region. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

34% of the market’s growth will originate from North America during the forecast period. US, Japan, Germany, China, and UK are the key markets for freight brokerage market in the region. This report provides estimations of the contribution of all regions to the growth of the freight brokerage market size.

Freight Brokerage Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 41.60 billion

Market structure

Fragmented

YoY growth (%)

1.85

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, Japan, Germany, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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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 market 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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • LTL - Market size and forecast 2020-2025
    • FTL - Market size and forecast 2020-2025
    • Temperature-controlled freight - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Service

    Customer landscape

    • Customer Landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION SOURCES

    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
    Technavio

    TechnavioDATA ANALYSIS

    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
    Technavio

    TechnavioREPORT WRITING

    Qualitative

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

    Quantitative

    • 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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