NEW YORK, Nov. 7, 2022 /PRNewswire/ — The digital freight brokerage market is expected to grow by USD 5.7 billion during 2021-2026, accelerating at a CAGR of 31.62% during the forecast period.
Read the 120-page report with TOC on “Digital Freight Brokerage Market Analysis Report by Application (retail and e-commerce, food and beverages, healthcare, automotive, and others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), and the Segment Forecasts,2021-2026″.
The increased use of IT-enabled solutions drives the market. In addition, the growing global e-commerce market is anticipated to boost the growth of the digital freight brokerage market. Request Free Sample Report.
Digital Freight Brokerage Driver
One of the major factors fueling the expansion of the worldwide digital freight brokerage industry is the rising adoption of IT-enabled solutions. Vendors participating in the market face difficulty due to the presence of a large number of domestic and foreign companies present in the global digital freight brokerage industry. Therefore, in order to compete in the market, companies are using cutting-edge IT solutions and technology.
In order to improve the traceability of shipments in supply chain operations, vendors like Accenture and KUEHNE+ NAGEL are creating sophisticated mobile applications for the automation of field service activities. Digital freight brokers will employ these cutting-edge solutions to streamline their commercial operations more frequently during the forecasted time. This is anticipated to improve their operational effectiveness, which will reinforce the rise of the global digital freight brokerage market during the forecast period. Download Free Sample Report.
Digital Freight Brokerage Vendor Analysis
Many global and regional vendors are operating in the global digital freight brokerage market, and the market is dominated by global players. To strengthen their position in the market and to enlarge their profit share, global vendors, especially non-asset-based freight brokers, are focusing on establishing long-term agreements with transportation companies.
Several asset-based freight brokers are integrating their transportation equipment with advanced technologies, such as connected technologies, that ensure the safety of freight being transported. Considering this, customers prefer these service providers. Global vendors operating in the global digital freight brokerage market are anticipated to invest more in technology adoption during the forecast period.
- ArcBest Corp.
- Berkshire Hathaway Inc.
- C.H. Robinson Worldwide Inc.
- Cargocentric
- Cargomatic Inc.
- CMA CGM S.A.
- Convoy Inc
- Deutsche Post AG
- Echo Global Logistics Inc.
- Hub Group Inc.
- Kintetsu Group Holdings Co. Ltd.
- Kuehne Nagel Management AG
- Loadsmart Inc.
- Nippon Express Holdings Inc.
- Redwood Logistics
- Renren Inc.
- Roper Technologies Inc.
- Transfix Inc.
- Truckstop Group LLC
- United Parcel Service Inc.
- uShip Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Sample Report.
Digital Freight Brokerage Market Application Outlook (Revenue, USD bn, 2021-2026)
- Retail and e-commerce – size and forecast 2021-2026
- Food and beverages – size and forecast 2021-2026
- Healthcare – size, and forecast 2021-2026
- Automotive – size and forecast 2021-2026
- Others – size and forecast 2021-2026
Digital Freight Brokerage Market Geography Outlook (Revenue, USD bn, 2021-2026)
North America will account for 34% of market growth. North America’s largest market for digital freight brokerage is the US. The market in this region will expand more slowly than markets in other regions. The growth of the North American digital freight brokerage market would be facilitated by the rising usage of IT-enabled solutions.
- North America – size and forecast 2021-2026
- Europe – size and forecast 2021-2026
- APAC – size and forecast 2021-2026
- South America – size and forecast 2021-2026
- Middle East and Africa – size and forecast 2021-2026
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Digital Freight Brokerage Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 31.62% |
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Market growth 2022-2026 |
$5.7 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
31.18 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ArcBest Corp., Berkshire Hathaway Inc., C.H. Robinson Worldwide Inc., Cargocentric, Cargomatic Inc., CMA CGM S.A., Convoy Inc, Deutsche Post AG, Echo Global Logistics Inc., Hub Group Inc., Kintetsu Group Holdings Co. Ltd., Kuehne Nagel Management AG, Loadsmart Inc., Nippon Express Holdings Inc., Redwood Logistics, Renren Inc., Roper Technologies Inc., Transfix Inc., Truckstop Group LLC, United Parcel Service Inc., and uShip Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Transportation
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 18: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 24: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Mode of Transportation
- 5.1 Market segments
- Exhibit 25: Chart on Mode of Transportation – Market share 2021-2026 (%)
- Exhibit 26: Data Table on Mode of Transportation – Market share 2021-2026 (%)
- 5.2 Comparison by Mode of Transportation
- Exhibit 27: Chart on Comparison by Mode of Transportation
- Exhibit 28: Data Table on Comparison by Mode of Transportation
- 5.3 Roadway – Market size and forecast 2021-2026
- Exhibit 29: Chart on Roadway – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Roadway – Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Roadway – Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Roadway – Year-over-year growth 2021-2026 (%)
- 5.4 Seaway – Market size and forecast 2021-2026
- Exhibit 33: Chart on Seaway – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on Seaway – Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on Seaway – Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on Seaway – Year-over-year growth 2021-2026 (%)
- 5.5 Airway – Market size and forecast 2021-2026
- Exhibit 37: Chart on Airway – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Airway – Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Airway – Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Airway – Year-over-year growth 2021-2026 (%)
- 5.6 Railway – Market size and forecast 2021-2026
- Exhibit 41: Chart on Railway – Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Railway – Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Railway – Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Railway – Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Mode of Transportation
- Exhibit 45: Market opportunity by Mode of Transportation ($ million)
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 46: Chart on Application – Market share 2021-2026 (%)
- Exhibit 47: Data Table on Application – Market share 2021-2026 (%)
- 6.2 Comparison by Application
- Exhibit 48: Chart on Comparison by Application
- Exhibit 49: Data Table on Comparison by Application
- 6.3 Retail and e-commerce – Market size and forecast 2021-2026
- Exhibit 50: Chart on Retail and e-commerce – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Retail and e-commerce – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Retail and e-commerce – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Retail and e-commerce – Year-over-year growth 2021-2026 (%)
- 6.4 Food and beverages – Market size and forecast 2021-2026
- Exhibit 54: Chart on Food and beverages – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Food and beverages – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Food and beverages – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Food and beverages – Year-over-year growth 2021-2026 (%)
- 6.5 Healthcare – Market size and forecast 2021-2026
- Exhibit 58: Chart on Healthcare – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Healthcare – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Healthcare – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Healthcare – Year-over-year growth 2021-2026 (%)
- 6.6 Automotive – Market size and forecast 2021-2026
- Exhibit 62: Chart on Automotive – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Automotive – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Automotive – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Automotive – Year-over-year growth 2021-2026 (%)
- 6.7 Others – Market size and forecast 2021-2026
- Exhibit 66: Chart on Others – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Others – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Others – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Others – Year-over-year growth 2021-2026 (%)
- 6.8 Market opportunity by Application
- Exhibit 70: Market opportunity by Application ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 72: Chart on Market share by geography 2021-2026 (%)
- Exhibit 73: Data Table on Market share by geography 2021-2026 (%)
- 8.2 Geographic comparison
- Exhibit 74: Chart on Geographic comparison
- Exhibit 75: Data Table on Geographic comparison
- 8.3 North America – Market size and forecast 2021-2026
- Exhibit 76: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 8.4 Europe – Market size and forecast 2021-2026
- Exhibit 80: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 8.5 APAC – Market size and forecast 2021-2026
- Exhibit 84: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 8.6 South America – Market size and forecast 2021-2026
- Exhibit 88: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 8.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 92: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 8.8 US – Market size and forecast 2021-2026
- Exhibit 96: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on US – Year-over-year growth 2021-2026 (%)
- 8.9 China – Market size and forecast 2021-2026
- Exhibit 100: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 101: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 102: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 103: Data Table on China – Year-over-year growth 2021-2026 (%)
- 8.10 Germany – Market size and forecast 2021-2026
- Exhibit 104: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 105: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 106: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 107: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 8.11 UK – Market size and forecast 2021-2026
- Exhibit 108: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 109: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 110: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 111: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 8.12 Japan – Market size and forecast 2021-2026
- Exhibit 112: Chart on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 113: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 114: Chart on Japan – Year-over-year growth 2021-2026 (%)
- Exhibit 115: Data Table on Japan – Year-over-year growth 2021-2026 (%)
- 8.13 Market opportunity by geography
- Exhibit 116: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2021 and 2026
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 120: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 121: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 11.3 C.H. Robinson Worldwide Inc.
- Exhibit 123: C.H. Robinson Worldwide Inc. – Overview
- Exhibit 124: C.H. Robinson Worldwide Inc. – Business segments
- Exhibit 125: C.H. Robinson Worldwide Inc. – Key news
- Exhibit 126: C.H. Robinson Worldwide Inc. – Key offerings
- Exhibit 127: C.H. Robinson Worldwide Inc. – Segment focus
- 11.4 Cargocentric
- Exhibit 128: Cargocentric – Overview
- Exhibit 129: Cargocentric – Product / Service
- Exhibit 130: Cargocentric – Key offerings
- 11.5 Cargomatic Inc.
- Exhibit 131: Cargomatic Inc. – Overview
- Exhibit 132: Cargomatic Inc. – Product / Service
- Exhibit 133: Cargomatic Inc. – Key offerings
- 11.6 CMA CGM S.A.
- Exhibit 134: CMA CGM S.A. – Overview
- Exhibit 135: CMA CGM S.A. – Business segments
- Exhibit 136: CMA CGM S.A. – Key news
- Exhibit 137: CMA CGM S.A. – Key offerings
- Exhibit 138: CMA CGM S.A. – Segment focus
- 11.7 Convoy Inc
- Exhibit 139: Convoy Inc – Overview
- Exhibit 140: Convoy Inc – Product / Service
- Exhibit 141: Convoy Inc – Key offerings
- 11.8 Deutsche Post AG
- Exhibit 142: Deutsche Post AG – Overview
- Exhibit 143: Deutsche Post AG – Business segments
- Exhibit 144: Deutsche Post AG – Key news
- Exhibit 145: Deutsche Post AG – Key offerings
- Exhibit 146: Deutsche Post AG – Segment focus
- 11.9 Echo Global Logistics Inc.
- Exhibit 147: Echo Global Logistics Inc. – Overview
- Exhibit 148: Echo Global Logistics Inc. – Business segments
- Exhibit 149: Echo Global Logistics Inc. – Key offerings
- Exhibit 150: Echo Global Logistics Inc. – Segment focus
- 11.10 Kintetsu Group Holdings Co. Ltd.
- Exhibit 151: Kintetsu Group Holdings Co. Ltd. – Overview
- Exhibit 152: Kintetsu Group Holdings Co. Ltd. – Business segments
- Exhibit 153: Kintetsu Group Holdings Co. Ltd. – Key offerings
- Exhibit 154: Kintetsu Group Holdings Co. Ltd. – Segment focus
- 11.11 Kuehne Nagel Management AG
- Exhibit 155: Kuehne Nagel Management AG – Overview
- Exhibit 156: Kuehne Nagel Management AG – Business segments
- Exhibit 157: Kuehne Nagel Management AG – Key offerings
- Exhibit 158: Kuehne Nagel Management AG – Segment focus
- 11.12 United Parcel Service Inc.
- Exhibit 159: United Parcel Service Inc. – Overview
- Exhibit 160: United Parcel Service Inc. – Business segments
- Exhibit 161: United Parcel Service Inc. – Key offerings
- Exhibit 162: United Parcel Service Inc. – Segment focus
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 163: Inclusions checklist
- Exhibit 164: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 165: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 166: Research methodology
- Exhibit 167: Validation techniques employed for market sizing
- Exhibit 168: Information sources
- 12.5 List of abbreviations
- Exhibit 169: List of abbreviations
About Technavio
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