Freight Broker Market Overview
The Freight service comes up with advanced technological offerings that ease the method product is being transferred. Advanced ideas of AI are used for automatic matching. as an example, corporations like Transfix, Uber Freight, Load smart etc. use completely different Machine Learning Algorithms which may match the carrier and cargo supported the origin, destination, price, etc. ancient means that sometimes build the Transport delayed. However with this method, it's in no time and simple to observe. Owing to the Digital Freight Booking, the load may be half-track every minute. These conveniences play a bigger role in its acceptableness.
The potential of this market is big, that's why massive players ar getting into this market. They need huge capital. So, they're investment heavily. Since they're investment heavily, so that they ar adopting advanced technologies in their business for automating. Career 260 and Navisphere ar investment heavily and that they have machine-driven their infrastructure to handle billions of bucks value of freight. Uber has used technology and leveraged it extensively. There ar several Freight brokers UN agency registered during this business. Thus, the rise in investment is additionally increasing the chances of Business.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Service Type , Industry Vertical and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | 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., Nippon Yusen Kabushiki Kaisha, United Parcel Service Inc., and XPO Logistics Inc. |
The covid-19 Impact on Freight Broker Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor Industry. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor Industry. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Freight Broker Market Segment Overview
Based on Service, the market is divided into FTL and LTL. FTL means Full Truck Load and LTL suggests that but Truck Load. Within the FTL entire space has to be reserved whereas within the case of LTL solely the area that's needed for the load is employed and therefore the payment is additionally created consequently. So, LTL is additional convenient for little transports. Thus, LTL is additional common and has the best market share in respect of the quantity of bookings.
Based on Industry Vertical, the market is divided into Manufacture and Automotive, Oil and Gas, Mining, Agriculture, Fishing, and forestry, Construction et al. the best market share is in Manufacture and Automotive because of the revenue generated from this sector. However, the frequency of use for Agriculture, Fishing, and biology is additional furthermore.
Market Analysis, Insights and Forecast – By Service Type
· LTL
· FTL
· Temperature-controlled freight
· Others
Market Analysis, Insights and Forecast – By Industry Vertical
· Manufacture and Automotive
· Oil and Gas, Mining
· Agriculture, Fishing, and Forestry
· Construction
· Others
Freight Broker Market Regional Overview
Region-wise, in terms of regions, On the basis of regional analysis, the worldwide Freight Broker Market is assessed into North America, Europe, Asia Pacific, and remainder of the planet. The most important share within the market are going to be dominated by North America. The technological advancements and an increase in applications of IDaaS in producing, government, and retail fields within the USA and Canada.
Freight Broker Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Freight Broker Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Freight Broker are highlighted below.
· In 2022, Genpact Ltd, the business process outsourcing (BPO) company listed on the new york stock exchange (NYSE), bought Milpitas, California-based information analytics firm Enquero inc. within the 14th acquisition.
Freight Broker Market, Key Players
· 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.
· Nippon Yusen Kabushiki Kaisha
· United Parcel Service Inc.
· XPO Logistics Inc
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Freight Broker market during the forecast period?
Freight Broker market is expected to record a CAGR of ~ xx% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Freight Broker Market?
Manufacture and Automotive segment is projected to hold the largest share in the Freight Broker Market.
Q3. What are the driving factors for the Freight Broker market?
The demand for identity and access management-as-a-service is anticipated to grow thanks to rising would like of controlled access systems in more and more connected and vulnerable enterprises throughout the forecast amount are key factors that boost the growth of the Freight Broker market progressively
Q4. Which Segments are covered in the Freight Broker market report?
Service Type, Industry Vertical, and Region, these segments are covered in the Freight Broker market report.
Q5. Which are the prominent players offering Freight Broker?
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., Nippon Yusen Kabushiki Kaisha, United Parcel Service Inc., and XPO Logistics Inc. are the prominent players offering Freight Broker
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Freight Broker Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service Type
- 5.2.1. LTL
- 5.2.2. FTL
- 5.2.3. Temperature-controlled freight
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 5.3.1. Manufacture and Automotive
- 5.3.2. Oil and Gas, Mining
- 5.3.3. Agriculture, Fishing, and Forestry
- 5.3.4. Construction
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Freight Broker Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service Type
- 6.2.1. LTL
- 6.2.2. FTL
- 6.2.3. Temperature-controlled freight
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 6.3.1. Manufacture and Automotive
- 6.3.2. Oil and Gas, Mining
- 6.3.3. Agriculture, Fishing, and Forestry
- 6.3.4. Construction
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Freight Broker Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service Type
- 7.2.1. LTL
- 7.2.2. FTL
- 7.2.3. Temperature-controlled freight
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 7.3.1. Manufacture and Automotive
- 7.3.2. Oil and Gas, Mining
- 7.3.3. Agriculture, Fishing, and Forestry
- 7.3.4. Construction
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Freight Broker Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service Type
- 8.2.1. LTL
- 8.2.2. FTL
- 8.2.3. Temperature-controlled freight
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 8.3.1. Manufacture and Automotive
- 8.3.2. Oil and Gas, Mining
- 8.3.3. Agriculture, Fishing, and Forestry
- 8.3.4. Construction
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Freight Broker Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service Type
- 9.2.1. LTL
- 9.2.2. FTL
- 9.2.3. Temperature-controlled freight
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 9.3.1. Manufacture and Automotive
- 9.3.2. Oil and Gas, Mining
- 9.3.3. Agriculture, Fishing, and Forestry
- 9.3.4. Construction
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. C.H. Robinson Worldwide Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. DSV Panalpina AS
- 10.6. Echo Global Logistics Inc.
- 10.7. Expeditors International of Washington Inc.
- 10.8. Hub Group Inc.
- 10.9. J.B. Hunt Transport Services Inc.
- 10.10. Nippon Yusen Kabushiki Kaisha
- 10.11. United Parcel Service Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
