Global Digital Freight Brokerage Market Is Set For Significant Growth, To Reach Value Around USD 37.45 Billion by 2032

24-Jul-2018 | Zion Market Research

Zion Market Research has published a new report titled “Digital Freight Brokerage Market by Type (Roadway, Seaway, Airway, and Railway) and by Vertical (Food and Beverages, Automotive, Retail & E-commerce, Healthcare, Manufacturing, and Others [Defense, Aerospace, etc.]), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2024-2032”. According to the report, global digital freight brokerage market was valued at approximately USD 3.47 billion in 2023 and is expected to generate revenue of around USD 37.45 billion by end of 2032, growing at a CAGR of more than 30.36% between 2024 and 2032.

Global Digital Freight Brokerage Market Size

The digital freight broker is also referred as urbanization of trucking. The digitalization is the latest craze in the logistics industry. The latest advancement in freight brokerage is the adoption of technically advanced apps. The increasing technological innovation in supply chain and logistics are gaining the attention of digital freight brokers market. The proliferation of on-demand or app-based trucking providers is gaining a noteworthy amount of investment and attention.

Browse the full "Digital Freight Brokerage Market by Type (Roadway, Seaway, Airway, and Railway) and by Vertical (Food and Beverages, Automotive, Retail & E-commerce, Healthcare, Manufacturing, and Others [Defense, Aerospace, etc.]), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2024-2032" report at https://www.zionmarketresearch.com/report/digital-freight-brokerage-market

Global Digital Freight Brokerage Market

The digital freight brokerage market is segmented on the basis of type, vertical, and by geography. Based on the type, the digital freight brokerage market is categorized into roadway, railway, seaway, and airway. By type, the roadway segment accounted for highest share in the global digital freight management brokerage market in 2023 and is expected to remain dominant over the forecast period. To utilize cargo space and avoid hefty brokerage fees, the uses of digital applications are increasing in the trucking industry. Road shipping is a flexible mode of transport of goods nationwide, and thus this segment contributed the highest share in the global digital freight brokerage market. The seaway segment is anticipated to register highest CAGR from 2024 to 2032 in the global digital freight brokerage market.

Food and beverages, retail & e-commerce, automotive, manufacturing, healthcare, and others (defense, aerospace, etc.) are the key industry verticals of the global digital freight brokerage market. The retail & e-commerce segment accounted for the highest share of more than 30% in the global digital freight brokerage market in 2023. The large transportation of retail & e-commerce products is the key factor contributing towards the high share of segment in the global digital freight brokerage market. 

Digital Freight Brokerage Market: Report Scope

Report Attributes Report Details
Report Name Digital Freight Brokerage Market
Market Size in 2023 USD 3.47 Billion
Market Forecast in 2032 USD 37.45 Billion
Growth Rate CAGR of 30.36%
Number of Pages 206
Key Companies Covered Echo Global Logistics Inc., Coyote Logistics, Transfix, LLC, Convoy, Cargomatic Inc., Trucker Path Inc., J.B. Hunt Transport, Inc., Cargocentric Inc., Uber Freight and TGMatrix Limited.
Segments Covered By Type, By Vertical, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa are the key regional segments of the global digital freight brokerage market. North America and Europe are expected to remain the foremost regions over the forecast period. The rising adoption of digital freight brokerage in retail, manufacturing, food and beverages, automotive, and healthcare industry in North America and Europe is expected to boost the growth of the market in the region. The Asia Pacific is expected to register a CAGR of more than 45% in the global digital freight brokerage market. Developing nations such as India and China are promising markets owing to the large population base and the growing industrialization thus supporting the growth of the market in the Asia Pacific.

Some of the key players in digital freight brokerage market include Coyote Logistics, Echo Global Logistics Inc., Convoy, Transfix, LLC, Trucker Path Inc., Cargomatic Inc., Cargocentric Inc., J.B. Hunt Transport, Inc., TGMatrix Limited, and Uber Freight.

This report segments the global digital freight brokerage market as follows:

Global Digital Freight Brokerage Market: Type Segment Analysis

  • Roadway
  • Seaway
  • Airway
  • Railway 

Global Digital Freight Brokerage Market: vertical Segment Analysis

  • Food and Beverages
  • Automotive
  • Healthcare & e-commerce
  • Manufacturing
  • Others (Defense, Aerospace, etc.)

Global Digital Freight Brokerage Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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