Product Code: ETC13320238 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 绿帽社 | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 绿帽社 internal database and industry insights, the Global Freight Brokerage Market was valued at USD 54 Billion in 2024 and is expected to reach USD 78.96 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Freight Brokerage Market is characterized by the intermediation services provided by freight brokers who act as intermediaries between shippers and carriers. These brokers help facilitate the movement of goods by leveraging their expertise in logistics, negotiating rates, and ensuring efficient transportation solutions. The market has been growing steadily due to the increasing globalization of trade, advancements in technology, and the need for cost-effective and reliable freight transportation services. Key trends shaping the market include the adoption of digital platforms for freight matching, the integration of artificial intelligence and data analytics for optimization, and the emphasis on sustainability and eco-friendly practices. The market is highly competitive, with key players focusing on expanding their service offerings, enhancing customer experience, and building strong partnerships with carriers to meet the evolving demands of the supply chain industry.
The Global Freight Brokerage Market is witnessing several key trends and opportunities. One significant trend is the increasing digitization and automation of freight brokerage services, leading to improved efficiency and transparency in operations. Another trend is the growing demand for specialized freight services, such as temperature-controlled and perishable goods transportation. Additionally, the rise of e-commerce is driving the need for fast and reliable freight services, presenting a major opportunity for freight brokers to cater to the evolving supply chain requirements of online retailers. Expansion into emerging markets and the adoption of advanced technologies like artificial intelligence and blockchain also offer promising avenues for growth in the global freight brokerage sector. Overall, the market presents opportunities for innovation, strategic partnerships, and service differentiation to meet the evolving demands of the logistics industry.
The Global Freight Brokerage market faces several challenges, including increasing competition from both traditional and digital freight brokers, fluctuating fuel prices impacting shipping costs, and regulatory complexities in different regions. Additionally, the industry is prone to economic uncertainties and geopolitical tensions, which can disrupt supply chains and impact freight volumes. Technology disruption and the need for digital transformation also present challenges for traditional brokers to stay competitive and meet evolving customer demands for real-time visibility and efficiency in logistics operations. Overall, navigating these challenges requires freight brokers to adapt quickly, innovate their service offerings, invest in technology solutions, and build strong relationships with carriers and shippers to thrive in the dynamic and competitive global market.
The Global Freight Brokerage Market is primarily driven by the increasing demand for efficient transportation solutions and the growing complexity of supply chain networks. Freight brokers play a crucial role in connecting shippers with carriers, offering cost-effective and streamlined logistics services. Additionally, the rise of e-commerce and international trade has led to a surge in freight volumes, further fueling the demand for brokerage services. Technological advancements, such as automation, data analytics, and digital platforms, are also driving market growth by enhancing operational efficiency and providing real-time visibility into shipments. Moreover, the trend towards outsourcing non-core activities to third-party logistics providers is boosting the adoption of freight brokerage services among companies looking to optimize their supply chain operations.
Government policies related to the Global Freight Brokerage Market vary by country, but generally focus on licensing and regulation to ensure fair competition and protect consumers. In the United States, freight brokers are required to obtain a license from the Federal Motor Carrier Safety Administration (FMCSA) and maintain a minimum level of insurance coverage. Additionally, there are regulations in place to prevent fraud and ensure transparency in transactions. In the European Union, freight brokers must comply with regulations set by the European Commission, including licensing requirements and adherence to competition laws. Overall, government policies aim to promote a level playing field in the global freight brokerage market, protect the rights of consumers, and maintain the integrity of the industry.
The Global Freight Brokerage Market is poised for significant growth in the coming years due to increasing globalization, e-commerce expansion, and the need for efficient supply chain management. Key drivers include the rising demand for cost-effective transportation solutions, advanced technology adoption for real-time tracking and visibility, and the growing trend towards outsourcing logistics services. Market players are expected to focus on offering value-added services, such as route optimization and customized solutions, to stay competitive. However, challenges like regulatory complexities, capacity constraints, and cybersecurity threats may impact market growth. Overall, the future outlook for the Global Freight Brokerage Market remains positive, with opportunities for innovation and strategic partnerships driving the industry forward.
In the global freight brokerage market, North America is the largest region due to the presence of key players and advanced transportation infrastructure. The market in Asia is rapidly growing, driven by increasing international trade, e-commerce growth, and ongoing infrastructure developments. Europe also holds a significant market share, supported by the well-established logistics industry and technological advancements. The Middle East and Africa region is experiencing growth opportunities due to improving infrastructure and government initiatives to boost trade. Latin America is witnessing steady growth, driven by expanding manufacturing sectors and rising demand for efficient logistics services. Overall, each region in the global freight brokerage market presents unique opportunities and challenges for market players to navigate and capitalize on.
Global Freight Brokerage Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Freight Brokerage Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Freight Brokerage Market Revenues & Volume, 2021 & 2031F |
3.3 Global Freight Brokerage Market - Industry Life Cycle |
3.4 Global Freight Brokerage Market - Porter's Five Forces |
3.5 Global Freight Brokerage Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Freight Brokerage Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.7 Global Freight Brokerage Market Revenues & Volume Share, By Transportation Mode, 2021 & 2031F |
3.8 Global Freight Brokerage Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Freight Brokerage Market Revenues & Volume Share, By Business Model, 2021 & 2031F |
4 Global Freight Brokerage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Freight Brokerage Market Trends |
6 Global Freight Brokerage Market, 2021 - 2031 |
6.1 Global Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Freight Brokerage Market, Revenues & Volume, By Full Truckload, 2021 - 2031 |
6.1.3 Global Freight Brokerage Market, Revenues & Volume, By Less than Truckload, 2021 - 2031 |
6.1.4 Global Freight Brokerage Market, Revenues & Volume, By Intermodal, 2021 - 2031 |
6.2 Global Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Freight Brokerage Market, Revenues & Volume, By Road, 2021 - 2031 |
6.2.3 Global Freight Brokerage Market, Revenues & Volume, By Rail, 2021 - 2031 |
6.2.4 Global Freight Brokerage Market, Revenues & Volume, By Air, 2021 - 2031 |
6.2.5 Global Freight Brokerage Market, Revenues & Volume, By Sea, 2021 - 2031 |
6.3 Global Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Freight Brokerage Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.3.3 Global Freight Brokerage Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.3.4 Global Freight Brokerage Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.3.5 Global Freight Brokerage Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.4 Global Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Freight Brokerage Market, Revenues & Volume, By Asset-Based Brokers, 2021 - 2031 |
6.4.3 Global Freight Brokerage Market, Revenues & Volume, By Non-Asset-Based Brokers, 2021 - 2031 |
7 North America Freight Brokerage Market, Overview & Analysis |
7.1 North America Freight Brokerage Market Revenues & Volume, 2021 - 2031 |
7.2 North America Freight Brokerage Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
7.4 North America Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
7.5 North America Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
8 Latin America (LATAM) Freight Brokerage Market, Overview & Analysis |
8.1 Latin America (LATAM) Freight Brokerage Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Freight Brokerage Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
8.4 Latin America (LATAM) Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
8.5 Latin America (LATAM) Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
9 Asia Freight Brokerage Market, Overview & Analysis |
9.1 Asia Freight Brokerage Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Freight Brokerage Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
9.4 Asia Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
9.5 Asia Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
10 Africa Freight Brokerage Market, Overview & Analysis |
10.1 Africa Freight Brokerage Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Freight Brokerage Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
10.4 Africa Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
10.5 Africa Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
11 Europe Freight Brokerage Market, Overview & Analysis |
11.1 Europe Freight Brokerage Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Freight Brokerage Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
11.4 Europe Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
11.5 Europe Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
12 Middle East Freight Brokerage Market, Overview & Analysis |
12.1 Middle East Freight Brokerage Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Freight Brokerage Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Freight Brokerage Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Freight Brokerage Market, Revenues & Volume, By Service Type, 2021 - 2031 |
12.4 Middle East Freight Brokerage Market, Revenues & Volume, By Transportation Mode, 2021 - 2031 |
12.5 Middle East Freight Brokerage Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Freight Brokerage Market, Revenues & Volume, By Business Model, 2021 - 2031 |
13 Global Freight Brokerage Market Key Performance Indicators |
14 Global Freight Brokerage Market - Export/Import By Countries Assessment |
15 Global Freight Brokerage Market - Opportunity Assessment |
15.1 Global Freight Brokerage Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Freight Brokerage Market Opportunity Assessment, By Service Type, 2021 & 2031F |
15.3 Global Freight Brokerage Market Opportunity Assessment, By Transportation Mode, 2021 & 2031F |
15.4 Global Freight Brokerage Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Freight Brokerage Market Opportunity Assessment, By Business Model, 2021 & 2031F |
16 Global Freight Brokerage Market - Competitive Landscape |
16.1 Global Freight Brokerage Market Revenue Share, By Companies, 2024 |
16.2 Global Freight Brokerage Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |