Freight Brokerage Market: Top Geographies and Market Highlights

Regional Growth Analysis and Market Trends 2021-2025

The freight brokerage market will grow by $ 41.60 bn, fragmented at a CAGR of over 4% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.

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Freight Brokerage Market: North America to lead market growth during the forecast period

• North America emerged as the leading geographical segment in recent years and is expected to contribute 34% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the CMOS image sensors market size.
• Presence of FTAs and trade blocs at global level will be a significant factor in driving the growth of the freight brokerage market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
• The report segments the market by Service (LTL, FTL, Temperature-controlled freight, and Others) and Geography (North America, Europe, APAC, South America, and MEA). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Freight Brokerage Market: Vendor Landscape

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.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 4%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 41.60 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Presence of FTAs and trade blocs at global level will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   34% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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.
    
7. What are the market segments covered in this report?
   The market is segmented by Service (LTL, FTL, Temperature-controlled freight, and Others) and Geography (North America, Europe, APAC, South America, and MEA).

Market Segmentation by Service

• • Freight Brokerage Market Split by Service
    • LTL
    • FTL
    • Temperature-controlled freight
    • Others
  • Freight Brokerage Market Split by Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Customer landscape

• Customer landscape

Geographic Landscape

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

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption

Vendor Analysis

• 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.

Freight Brokerage Market Size to Grow by $ 41.60 Billion through 2021-2025  

Technavio research projects the freight brokerage market to grow by $ 41.60 billion, accelerating at a CAGR of over 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Freight Brokerage Market: Key Market Driver

One of the primary factors that will trigger the growth of the freight brokerage market size is the presence of FTAs and trade blocs at global level. The growth in global demand for transportation and logistics services will significantly influence freight brokerage market growth in this region. 34% of the market growth will originate from North America during the forecast period, with the US being a key market for freight brokerage in the region. 

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Freight Brokerage Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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., and XPO Logistics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of over 4%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 41.60 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Presence of FTAs and trade blocs at global level will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   34% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are 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., and XPO Logistics Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Service (LTL, FTL, Temperature-controlled freight, and Others) and Geography (North America, Europe, APAC, South America, and MEA)