The global freight brokerage market size reached nearly USD 59.62 Billion in 2024. The market is estimated to grow at a CAGR of 5.90% between 2025 and 2034, reaching a value of around USD 105.77 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.9%
Value in USD Billion
2025-2034
Freight Brokerage Market Outlook
*this image is indicative*
Freight brokerage is a branch of business, acting as an intermediary between the shipper and carrier. It also facilitates communication between the shipper and carrier. The role of a freight broker is to match shippers with suitable carriers to meet their transportation requirements and to provide the most efficient and cost-effective shipping solutions for their clients.
The globalisation of trade is one of the major drivers augmenting the global freight brokerage market value. The rapidly increasing international trade volumes have bolstered the demand for cross-border freight services. Freight brokers play a crucial role in managing the complexities of international logistics, including customs clearance, documentation, and compliance with regulations.
The EMR’s report titled “Global Freight Brokerage Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Services
Market Breakup by Customer Type
Market Breakup by Mode of Transport
Market Breakup by End-Use Industry
Market Breakup by Region
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Business-to-business (B2B) holds a significant share of the freight brokerage market. B2B customers require transportation services to move their goods or materials from one location to another. Such customers in the market encompass a wide range of sectors, including manufacturing, retail, e-commerce, construction, and more.
B2B customers usually have a consistent volume of shipments, which may be recurring or periodic. Due to this, the demand for freight shipping is constant from business-to-business customers, propelling the market value.
The waterway mode of transport is likely to represent a considerable share in the global freight brokerage market development, mainly owing to the rapidly growing globalisation. Shipping goods via sea is a crucial mode of transportation for international trade, and it is particularly suited for transporting large volumes of goods over long distances.
Ships can carry a wide range of cargo, including containers, bulk commodities, and oil tankers. Maritime transport is generally slower than other modes but offers cost advantages for intercontinental shipments.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global freight brokerage market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
C.H. Robinson Worldwide, Inc. is a leading company operating in the transportation sector that aims to meet the logistics and technology needs of numerous companies around the world. The company was founded in the year 1905 and its headquartered in Minnesota, the United States. Since its establishment, the company has developed expertise in various fields including product sourcing, technology, and supply chain, among others.
Total Quality Logistics, LLC stands as a prominent third-party logistics (3PL) firm established in the United States. Its inception took place in 1997, with its headquarters situated in Cincinnati, Ohio. TQL has since grown to become one of the leading freight brokerage companies in North America, delivering comprehensive solutions. Its primary focus lies in establishing connections between shippers and carriers to efficiently facilitate the transportation of goods across diverse industries.
XPO, Inc, based in Connecticut, the USA, is a renowned worldwide company specialising in transportation and logistics. Since its establishment in 1989, it has experienced remarkable growth, positioning itself as one of the premier logistics providers globally. The company leverages cutting-edge data analytics, automation, and artificial intelligence to optimise supply chain operations and enhance overall efficiency.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Echo Global Logistics, Inc., Worldwide Express, LLC, Coyote Logistics, LLC, Landstar System Holdings, Inc, Mode Global, LLC, GlobalTranz Enterprises, LLC, and Hub Group, Inc., among others.
United States Freight Brokerage Market
Digital Freight Brokerage Market
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 59.62 Billion
The market is projected to grow at a CAGR of 5.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach around USD 105.77 Billion by 2034.
The market is being driven by the steadily increasing demand for cross-border freight services and the growing dependency of countries on international trade for resources.
The market is augmented by the rising adoption of automation and data analytics and the rapid growth of the e-commerce sector, enhancing the demand for freight services.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end-use industries considered in the market report include retail and e-commerce, manufacturing, healthcare, and automotive, among others.
The key players in the global freight brokerage market include C.H. Robinson Worldwide, Inc, Total Quality Logistics, LLC, XPO, Inc., Echo Global Logistics, Inc., Worldwide Express, LLC, Coyote Logistics, LLC, Landstar System Holdings, Inc, Mode Global, LLC, GlobalTranz Enterprises, LLC, and Hub Group, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Services |
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| Breakup by Customer Type |
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| Breakup by Mode of Transport |
|
| Breakup by End-Use Industry |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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