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United States Customs Brokerage Market Size, Share, Growth: By Mode of Transport: Sea, Air, Cross Border Land Transport; By Industry Vertical: Healthcare, Manufacturing, Automotive, Retail and Consumer Goods, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
United States Customs Brokerage Market Outlook
The United States customs brokerage market size reached approximately USD 3.99 billion in 2023. The market is estimated to grow at a CAGR of 4.2% in the forecast period of 2024-2032, reaching a value of around USD 5.81 billion by 2032.
Key Trends in the Market
Customs brokerage is a process of handling import, export, tariffs, customs laws, and other regulations for the clearance of goods before shipments across borders. Customs brokerage services can be offered by independent contractors, freight forwarders, and governments, among other agencies.
- The growing complexity of customs regulations is boosting the demand for expert customs brokers who can navigate through the stringent regulations seamlessly, hence driving the United States customs brokerage market growth. Expert customs brokers stay updated with the latest customs laws to help companies avoid penalties, manage all the processes efficiently, and mitigate overall business risks during international or cross-border trades.
- Increased deployment of advanced technologies such as data analytics and process automation to simplify the customs clearance process is another prominent trend boosting the United States customs brokerage market expansion. Data analytics can offer valuable insights into international trade patterns for risk assessment and informed decision making whereas process automation can automate several customs processes such as data entry and documentation to save time, free up resources, and reduce the risk of human error.
- Growing acquisitions and mergers between market players to expand their customs brokerage capabilities are also expected to support the United States customs brokerage market demand in the coming years. For example, in November 2023, Kuehne Nagel, a US-based logistics company, acquired Farrow, a Canada-based customs brokerage company, to ease up the customs clearance process at the Canada-USA and Mexico-USA border.
United States Customs Brokerage Market Segmentation
Based on the mode of transport, the market is divided into sea, air, and cross border land transport. On the basis of industry vertical, the market is classified into healthcare, manufacturing, automotive, and retail and consumer goods, among others. The major regional markets of customs brokerage in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States customs brokerage market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- United Parcel Service, Inc.
- FedEx Corp.
- Deutsche Post AG
- Kuehne and Nagel International AG
- CMA CGM Group (CEVA)
- C.H. Powell Company
- Schenker AG
- C.H. Robinson Worldwide, Inc.
- Expeditors International of Washington, Inc.
- Livingston International Inc.
- Others
Market Share by Mode of Transport
Sea transport occupies a significant portion of the United States customs brokerage market share, as it is a major mode of shipment in the US, which boosts the demand for efficient customs brokerage services to ease the customs clearance process. It offers a cost-effective option for the transport of large volumes of goods internationally compared to air transport, which further makes it an attractive option among traders.
Additionally, the rising trade activities between the USA-Mexico as well as the USA-Canada have fuelled the demand for customs brokerage in road transport.
Market Share by Industry Vertical
As per the United States customs brokerage market analysis, the manufacturing sector accounts for a healthy market share, as manufacturers in the country generally import raw materials from other countries, due to their cost-effectiveness. Customs brokerage services ensure that the supply chain for the manufacturing sector is streamlined and facilitate the smooth delivery of goods across borders.
The retail and consumer goods sector is also expected to gain sizeable growth in the foreseeable future, due to the rising popularity of online retail.
Competitive Landscape
United Parcel Service, Inc. is a global shipping and supply chain management company, incorporated in 1907 and based in Georgia, the United States. The company offers its freight, logistics, and courier services in over 200 countries. It aids enterprises with custom brokerage solutions such as customs clearance, regulatory compliance, and document imaging, among others.
FedEx Corp., established in 1971 and based in Tennessee, the United States, is an e-commerce and transportation company. Some of its primary services include air freight forwarding, ocean freight forwarding, transportation management, and customs brokerage, among others. The company has a robust supply chain in over 220 countries through which it connects businesses with customers.
Deutsche Post AG, founded in 1995 and headquartered in Bonn, Germany, is a brand of DHL that offers mail services. The company offers air freight, road freight, ocean freight, domestic freight, and customs services. It provides customs consulting to its clients to optimise duties and identify potential risk areas.
Other United States customs brokerage market players include Kuehne and Nagel International AG, CMA CGM Group (CEVA), C.H. Powell Company, Schenker AG, C.H. Robinson Worldwide, Inc., Expeditors International of Washington, Inc., and Livingston International Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 Mode of Transport |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Customs Brokerage Market Overview
8.1 Key Industry Highlights
8.2 North America Customs Brokerage Historical Market (2018-2023)
8.3 North America Customs Brokerage Market Forecast (2024-2032)
8.4 North America Customs Brokerage Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Customs Brokerage Market Overview
9.1 Key Industry Highlights
9.2 United States Customs Brokerage Historical Market (2018-2023)
9.3 United States Customs Brokerage Market Forecast (2024-2032)
10 United States Customs Brokerage Market by Mode of Transport
10.1 Sea
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Air
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Cross Border Land Transport
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Customs Brokerage Market by Industry Vertical
11.1 Healthcare
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Manufacturing
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Retail and Consumer Goods
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 United States Customs Brokerage Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 United Parcel Service, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 FedEx Corp.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Deutsche Post AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Kuehne and Nagel International AG
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 CMA CGM Group (CEVA)
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 C.H. Powell Company
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Schenker AG
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 C.H. Robinson Worldwide, Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Expeditors International of Washington, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Livingston International Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Customs Brokerage Market: Key Industry Highlights, 2018 and 2032
2. United States Customs Brokerage Market: Key Industry Highlights, 2018 and 2032
3. United States Customs Brokerage Historical Market: Breakup by Mode of Transport (USD Billion), 2018-2023
4. United States Customs Brokerage Market Forecast: Breakup by Mode of Transport (USD Billion), 2024-2032
5. United States Customs Brokerage Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
6. United States Customs Brokerage Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
7. United States Customs Brokerage Historical Market: Breakup by Region (USD Billion), 2018-2023
8. United States Customs Brokerage Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. United States Customs Brokerage Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.99 billion.
The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 5.81 billion by 2032.
The major market drivers are the rise of global trade, the robust growth of the e-commerce sector, and increased demand for logistics services.
The key trends of the market include the growing complexity of customs regulations, increased integration of advanced technologies in customs brokerage, and growing acquisitions and mergers between the market players to expand their customs brokerage capabilities.
The major regions in the market are New England, the Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different modes of transport are sea, air, and cross border land transport.
The key players in the market are United Parcel Service, Inc., FedEx Corp., Deutsche Post AG, Kuehne and Nagel International AG, CMA CGM Group (CEVA), C.H. Powell Company, Schenker AG, C.H. Robinson Worldwide, Inc., Expeditors International of Washington, Inc., and Livingston International Inc., among others.
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