About Digital Freight Brokerage
The digital freight broker is also referred to 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.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
CAGR | 54.8% |
Analyst at AMA Research estimates that United States and German Players will contribute the maximum growth to Global Digital Freight Brokerage market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DHL Supply Chain &Globe forwarding (Germany), Kuehne+Nagei (Switzerland), DB Schenker Logistics (Germany), Panalpina (Switzerland), Nippon Express (Japan), CEVA Logistics (Switzerland), Expeditors International (United States), USP Supply Chain Solutions (United States), SDV (France), DSV (Denmark), Kintetsu World Express (Japan), Agility (Switzerland), Pantos Logistics (South Korea), C.H.Robinson (United States), Hellmann Worldwide Logistics (Germany) and Damco (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kerry Logistics (Hong Kong), Uni Worldwide (United States), Yusen Logistics (India), Toll Holdings (Australia) and Geodis (France).
Segmentation Overview
AMA Research has segmented the market of Global Digital Freight Brokerage market by Type (Ocean Digital Freight Brokerage, Flight Digital Freight Brokerage and Land Digital Freight Brokerage) and Region.
On the basis of geography, the market of Digital Freight Brokerage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. If we see Market by Industry Verticals, the sub-segment i.e. Food & beverages will boost the Digital Freight Brokerage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need for Effective Integrated Services and Rising Automation in Freight Industries
Market Growth Drivers:
Growing Demand for Cost Effective Freight Solution and Stability in Global Economy
Challenges:
Volatility in Global Trade Activities and Regional Conflicts Among Neighbor countries and Trade War Between China and the United States
Restraints:
Issues Related with Security of Services and Shifting Manufacturing Process to Domestic Base to Reduce Total Cost of Ownership (TCO)
Opportunities:
Growing Cross-borders Trade Activities and Advent of Blockchain Technology
Market Leaders and their expansionary development strategies
November 2018 - : Kuehne + Nagel intended to acquire Quick International Courier, a market leading provider of time-critical transportation and logistics solutions globally. "The acquisition of Quick is another accelerator to drive network growth and to enhance our global customer solutions portfolio”, says Dr. Detlef Trefzger, CEO of Kuehne + Nagel International AG.
Amid changing consumer need driven by improving supply chain management, freight forwarders are shifting their focus towards digital forwarding. Denmark based company Maersk announced in September 2018 to embrace Digital Forwarding and combine with Damco’s supply chain services.
Key Target Audience
Freight Forwarding Service providers, Potential Investors, System Integrator, Government Agencies, Research Institute and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.