Freight Brokerage Global Market to Reach $90.7 Billion by 2031 at a 6.3% CAGR

DUBLIN, Nov. 24, 2022 /PRNewswire/ — The “Freight Brokerage Market By End Use Industry, By Customer Type, By Services, By Mode of Transport: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.

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The freight brokerage market was valued at $48.1 billion in 2021, and is estimated to reach $90.7 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

Asia Pacific dominated the market in terms of revenue, followed by Europe, North Americaand LAMEA. China dominated the freight brokerage market in 2021, whereas India is expected to grow at a significant rate during the forecast period. The booming e-commerce industry in these economies is expected to fuel the growth of the automotive aftermarket. In addition, increased adoption of outsourced logistics services in the region drives the growth of the freight brokerage market in Asia Pacific. Moreover, high government support for development of logistics infrastructure in the region fosters market growth.

Prominent key factors that drive the growth of the freight brokerage market are the increase in international trade activities, the growth of e-commerce industry, and the rise in popularity of consolidated air freight service. Countries such as China, India, Braziland South Africa are developing economies. Thus, the logistics sector witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the market.

Moreover, in some undeveloped countries, there is an increase in freight forwarding services, which is expected to boost the freight brokerage market.

Freight brokerage market is segmented on the basis of end use industry, customer type, services, mode of transport, and region. By end use industry, it is divided into retail & e-Commerce, manufacturing, healthcare, automotive, and others. By customer type, it is divided into B2B and B2C. Based on services, it is segmented into intermodal, truckload, less than truckload. By transport, it is divided into waterways, roadways, and others. By region, the market is analyzed across North America, Europe, Asia Pacific and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimates, and dynamics of the freight brokerage market analysis from 2021 to 2031 to identify the prevailing freight brokerage market opportunities.

  • The market research is offered along with information related to key drivers, restraints, and opportunities.

  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the freight brokerage market segmentation assists to determine the prevailing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution to the global market.

  • Market player positioning facilitates benchmarking and provides a clear understanding of the current position of the market players.

  • The report includes the analysis of the regional as well as global freight brokerage market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

At End Use Industry

  • Others

  • Retail and E-Commerce

  • Manufacturing

  • Healthcare

  • Automotive

By Customer Type

At Services

  • Intermodal

  • Truckload

  • Less Than Truckload

By Mode of Transport

By Region

  • North America

  • U.S

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • Russia

  • Netherlands

  • United Kingdom

  • Poland

  • Spain

  • Rest of Europe

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • ASEAN

  • Rest of Asia Pacific

  • LAMEA

  • Brazil

  • UAE

  • Saudi Arabia

  • South Africa

  • Rest of LAMEA

Key Market Players

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: FREIGHT BROKERAGE MARKET, BY END USE INDUSTRY

CHAPTER 5: FREIGHT BROKERAGE MARKET, BY CUSTOMER TYPE

CHAPTER 6: FREIGHT BROKERAGE MARKET, BY SERVICES

CHAPTER 7: FREIGHT BROKERAGE MARKET, BY MODE OF TRANSPORT

CHAPTER 8: FREIGHT BROKERAGE MARKET, BY REGION

CHAPTER 9: COMPANY LANDSCAPE

CHAPTER 10: COMPANY PROFILES

For more information about this report visit https://www.researchandmarkets.com/r/2zef6m

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