The analysts forecast freight brokerage market in the Americas to grow at a CAGR of 4.33% during the period 2018-2022. The latest trend gaining momentum in the market is increase in imports and exports. Economic development is accompanied by the consumption and export of products.
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Economic development is accompanied by the consumption and export of products.
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There has been an increase in the demand for imports and exports of products in the Americas. Exporting domestically manufactured goods requires efficient integrated logistics services, which include the management of logistics-related services and transportation.
Both retailers and manufacturers require services that act as a link between customers and suppliers across various regions. Different geographies require different supply chain strategies.
Exporters look for a one-stop solution where they can get complete supply chain and logistics services. As the market growth gains momentum, a considerable investment in infrastructure projects is carried out to meet the growing needs of the domestic, cross-border, and international demand.
The increasing import and export activities will positively impact the freight brokerage market in the Americas because of an increase in the demand for logistics.
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Major key players in the freight brokerage market in the Americas: C.H. Robinson, Echo Global Logistics, Expeditors, Landstar, TQL, XPO Logistics, GlobalTranz Enterprises, Roadrunner Transportation System, Unishippers Global Logistics, and Worldwide Express.
According to the freight brokerage market report, one of the major drivers for this market is growing demand for outsourced 3pl services in Americas. The demand for 3PL services in South America will see rapid growth during the forecast period.
Developing countries such as Argentina and Brazil are witnessing growth in their transportation and logistics infrastructure, which is expected to boost the demand for contract logistics services in these countries. Growth in the demand for these services can be attributed to the underlying benefits of outsourcing in terms of increased operational efficiency and cost savings.
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The 3PL market in South America is driven by continuous capital inflow leading to the supply of new assets, especially in Brazil. However, the development of vendors in other countries in South America is expected to be low.
With the increase in the investment in transport infrastructure, the market will develop a strong base for logistics.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Major Points from Table of Contents Provided in Global Freight Brokerage Market:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Sizing
7: Five Forces Analysis
8: Market Segmentation by Service Type
9: Customer Landscape
10: Regional Landscape
11: Decision Framework
12: Drivers and Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis