Freight Brokerage Market will Accelerate at a CAGR of over 4% through 2020-2024|Increased Use of IT-enabled Solutions to upheave Growth|Technavio

LONDON--()--Set to grow by USD 41.47 billion during 2020-2024, Technavio’s latest market research report estimates the freight brokerage market to register a CAGR of over 4%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. C.H. Robinson Worldwide Inc., 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, Panalpina World Transport (Holding) Ltd., United Parcel Service of America Inc., and XPO Logistics Inc. are some of the major market participants. The demand for transportation and logistics services and increased use of IT-enabled solutions will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Freight Brokerage Market 2020-2024: Segmentation

Freight Brokerage Market is segmented as below:

  • Service
    • LTL
    • FTL
    • Temperature-controlled Freight
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

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Freight Brokerage Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, the freight brokerage market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include C.H. Robinson Worldwide Inc., 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, Panalpina World Transport (Holding) Ltd., United Parcel Service of America Inc., and XPO Logistics Inc.

The report also covers the following areas:

  • Freight Brokerage Market size
  • Freight Brokerage Market trends
  • Freight Brokerage Market industry analysis

Market trends such as the presence of FTAs and trade blocs at the global level are likely to emerge as primary drivers of the market. However, factors such as the fluctuations in freight rates is may threaten the growth of the market.

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Backed with competitive intelligence and benchmarking, our research reports on the freight brokerage market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Freight Brokerage Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist freight brokerage market growth during the next five years
  • Estimation of the freight brokerage market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the freight brokerage market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of freight brokerage market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Service

  • Market segments
  • Comparison by Service placement
  • LTL - Market size and forecast 2019-2024
  • FTL - Market size and forecast 2019-2024
  • Temperature-controlled freight - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Service

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • C.H. Robinson Worldwide, Inc.
  • 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
  • Panalpina World Transport (Holding) Ltd.
  • United Parcel Service of America Inc.
  • XPO Logistics Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Freight Brokerage Market will grow by USD 41.47 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/