Digital Freight Brokerage Market Size, Share & Growth [2031]

Digital Freight Brokerage Market Size, Share & Growth [2031]

Segments - Digital Freight Brokerage Market by Platform (Specialized & generic marketplaces, Crowd shipping platform, Digital freight exchange, Tender platform), By Development (Desktop, Mobile), By Transportation mode [Roadways (Truck, Trailer, Lorry), Seaways, Airways, Railways], By end-users (Food and beverages, Automotive, Retail and e-commerce, Healthcare, Manufacturing) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :AL-3406 | 4.5 Rating | 79 Reviews | 199 Pages | Format : PDF Excel PPT

Report Description


Digital Freight Brokerage Market Outlook 2031

The Global Digital freight brokerage market size was valued at USD 3.34 Billion in 2022 and is expected to reach USD 42.33 Billion by 2031, expanding at a CAGR of 32.6% from, 2023 to 2031

Digital freight brokerage refers to the service by which shippers and trucking companies are connected online. As more companies are using digital technologies to improve various aspects of the value chain, the digital freight brokerage in the transportation & logistics sector is gradually heading toward a digital transformation.

Digital Freight Brokerage Market Outlook

The overall growth of logistics has been fueled by a significant increase in the volume of container shipping and air freight, due to consistent restocking of business inventories around the globe, which is projected to have a direct impact on the growth of the global digital freight brokerage market. Additionally, increasing use of smartphones and mobile application by the shippers is boosting the market.

  • Retail and e-commerce sectors are rising continuously, hence the increasing need for logistics is driving the market.
  • High growth of logistics globally resulted from the huge increase in container shipping and air freight volumes, which is projected to have a direct positive impact on the global digital freight brokerage market.
  • Many truck drivers do not trust digital freight brokerage platforms, which has a negative impact on the digital freight brokerage market; however, many drivers started to adopt digital freight brokerage platforms, due to increased use of   smartphones.
  • Growing emphasis on use of mobile applications to centralize different logistics operations and procedures is expected to result in expansion of market throughout the forecast period.

Scope of Digital Freight Brokerage Market Report

The report on the global digital freight brokerage market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Digital Freight Brokerage Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2022

Historic Data

2016-2021

Forecast Period

2023–2031

Segmentation

Platform (Specialized & generic marketplaces, Crowd shipping platform, Digital freight exchange, Tender platform), Development (Desktop, Mobile), Transportation mode (Roadways [Truck, Trailer, Lorry], Seaways, Airways, Railways), End-users (Food and beverages, Automotive, Retail and e-commerce, Healthcare, Manufacturing)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

C.H. Robinson, Cargocentric Inc., CEVA Logistics, Convoy, Coyote Logistics LLC, DAT Solutions LLC, DB Schenker Logistics, DHL International GmbH, and Echo Global Logistics

Digital Freight Brokerage Market Segment Insights

Platform Segment Analysis

In terms of platform, the global digital freight brokerage market is segmented into specialized & generic marketplaces, crowd shipping platforms, digital freight exchanges, and tender platforms. There has been rapid growth in the adoption of digital freight exchange platforms, which is expected to continue during the forecast period 2023-2031.

Many small to large-scale digital freight exchange players entered the market, due to increasing monetary support from venture capitalists. Many companies in developed nations prefer to invest considerable resources to transform their brokerage operations. As a result, the market is expected to rise during the forecast period, due to increasing digitalization and investments in freight brokerage.

Digital Freight Brokerage Market Platform

Development Segment Analysis

On the basis of development, the global digital freight brokerage market is fragmented into desktops and mobiles. The increasing use of mobiles makes the process of digital freight market efficient by providing price transparency and finding carriers on demand.

Many players in the digital brokerage market are operating on mobile platform and shipper and carriers are able to interact directly. Hence, the increased adoption of smartphones and mobile applications is anticipated to have a positive impact on the demand for digital brokerage solutions during the forecast period.

Transportation Segment Analysis

Based on transportation, the digital freight brokerage market is fragmented into by road, seaways, airways, and railways. Road shipping is a flexible way of shipping and transport of goods. Therefore, this segment accounts for the largest share of the global digital freight brokerage market.

Roadway is an easy and low-cost form of transport among all other ways. It helps in maximizing truckload utilization, decreasing deadhead miles, and accelerating the shipping time.

Digital Freight Brokerage Market Transportation

End-User Segment Analysis

On the basis of end-users, the global digital freight brokerage market is classified into food and beverages, automotive, retail and e-commerce, healthcare, manufacturing, and others. Retail and e-commerce completely transformed the sector in the past two decades.

E-commerce is a global marketplace, which handles all transactions in the retail sector. Retail giants such as Amazon, eBay, and Alibaba play an important role in changing consumer perception and hence, define the norm in the industry of retail and e-commerce.

Digital Freight Brokerage Market Regional Analysis

In terms of regions, the global digital freight brokerage market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Latin America is expected to expand at a CAGR of more than 30% in the forecast period.

Some logistics issues prove to be challenge and hold back the growth of the logistics market. Hence, there is a vast potential for digital freight brokerage providers to streamline the business and increase efficiency.

Digital Freight Brokerage Market Region

Segments

Platform

  • Specialized & generic marketplaces
  • Crowd shipping platform
  • Digital freight exchange
  • Tender platform

Development

  • Desktops
  • Mobiles

Transportation mode

  • Roadways
    • Truck
    • Trailer
    • Lorry
  • Seaways
  • Airways
  • Railways

End-Users

  • food and beverages
  • automotive
  • retail and e-commerce
  • healthcare
  • manufacturing
  • others

Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

Key Players

  • C.H. Robinson
  • Cargocentric Inc.
  • CEVA Logistics
  • Convoy
  • Coyote Logistics LLC
  • DAT Solutions LLC
  • DB Schenker Logistics
  • DHL International GmbH
  • Echo Global Logistics

Competitive Landscape

Key players in the global digital freight brokerage market include C.H. Robinson, Cargocentric Inc., CEVA Logistics, Convoy, Coyote Logistics LLC, DAT Solutions LLC, DB Schenker Logistics, DHL International GmbH, and Echo Global Logistics. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Digital Freight Brokerage Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Freight Brokerage Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Digital Freight Brokerage Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Digital Freight Brokerage Market - Supply Chain
  4.5. Global Digital Freight Brokerage Market Forecast
     4.5.1. Digital Freight Brokerage Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Digital Freight Brokerage Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Digital Freight Brokerage Market Absolute $ Opportunity
5. Global Digital Freight Brokerage Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Digital Freight Brokerage Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Digital Freight Brokerage Demand Share Forecast, 2019-2026
6. North America Digital Freight Brokerage Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Digital Freight Brokerage Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Digital Freight Brokerage Demand Share Forecast, 2019-2026
7. Latin America Digital Freight Brokerage Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Digital Freight Brokerage Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Digital Freight Brokerage Demand Share Forecast, 2019-2026
8. Europe Digital Freight Brokerage Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Digital Freight Brokerage Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Digital Freight Brokerage Demand Share Forecast, 2019-2026
9. Asia Pacific Digital Freight Brokerage Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Digital Freight Brokerage Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Digital Freight Brokerage Demand Share Forecast, 2019-2026
10. Middle East & Africa Digital Freight Brokerage Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Digital Freight Brokerage Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Digital Freight Brokerage Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Digital Freight Brokerage Market: Market Share Analysis
  11.2. Digital Freight Brokerage Distributors and Customers
  11.3. Digital Freight Brokerage Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. C.H. Robinson
     11.4.2. Cargocentric Inc.
     11.4.3. CEVA Logistics
     11.4.4. Convoy
     11.4.5. Coyote Logistics LLC
     11.4.6. DAT Solutions LLC
     11.4.7. DB Schenker Logistics
     11.4.8. DHL International G

Methodology

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