The global freight brokerage market to grow at a CAGR of 4.19% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global freight brokerage market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of freight brokerage services which include LTL, FTL, temperature-controlled and others. The others type of services includes dry van and flatbed trailers. The report also includes a discussion operating in this market.
The latest trend gaining momentum in the market is growing transportation and logistics industry. The global freight brokerage market is growing because of the rising transportation industry globally. It is estimated that in the European Union, it generated a revenue of more than $500 billion in 2016. Also, in the US, it is estimated that the transportation industry accounted for more than 8% of the GDP of the country in 2016, which was more than 10% in case of China. Furthermore, it is observed that the number of mergers and acquisitions (M&A) in the freight transportation industry is growing.
According to the report, one of the major drivers for this market is rising industrial demand for freight transportation. The demand for freight transportation is increasing in many industries, which is generating the demand for freight brokers. In the construction equipment industry, it is estimated that more than 45% of the overall revenue is generated from heavy wheel loaders. Freight transportation is a key element in the construction industry as most projects are handled offsite. Moreover, the infrastructure, real estate, and the energy industries require construction equipment.
Further, the report states that one of the major factors hindering the growth of this market is high complexity in heavy freight transportation industry. The high complexity involved in the heavy freight transportation industry affect the global freight brokerage market. This is primarily because heavy freight loads exceed the size and weight limits of highways, sea, and air transports.
- C.H. Robinson
- XPO Logistics
- Echo Global Logistics
Other prominent vendors:
- Worldwide Express
- BNSF Logistics
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by mode of transportation
Part 07: Geographical segmentation
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/vkvhcp/global_freight