Published Date : Jul 10, 2017
Albany, New York, July 10, 2017: MarketResearchReports.biz recently announced the addition of a new research report to its exhaustive, online depository. The publication, titled “Global Freight Brokerage Market 2017-2021,” is aimed at providing its readers an accurate and exact account of the various market dynamics operating in the market. For the same reason, the report has been compiled using primary and secondary research methodologies. Additionally, it also includes a detailed assessment of the strengths, weaknesses, opportunities, and threats in the global freight brokerage market. The report sheds light on the factors that are fuelling the growth of various segments as well.
According to the research report, the global freight brokerage market is expected to rise at a CAGR of 4.19% over the forecast period of 2017 and 2021. The main driver in the global market is the soaring transportation and logistics industry. The development of economies across the globe and emergence of newer ones is expected to have a positive impact on the global market as both will demand transportation.
The increasing number of mergers and acquisitions in the freight transportation industry are also expected to bolster growth in the near future. Several big players are looking at acquiring and merging with small players in the market to expand their businesses in the coming years.
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Analysts anticipate that the construction industry is likely to be the main contributor to the global freight brokerage market in the near future. Freight transportation is an important part of the construction industry as majority of the projects are handled offsite. Thus, as infrastructural, real estate, and energy projects take shape, they are likely to fuel the demand for freight brokers, thereby bolstering market growth.
From a geographic point of view, the global freight brokerage market is segmented into the Americas, Europe, the Middle East and Africa, and Asia Pacific. Of these, the Americas are expected to lead the global market during the forecast period. Growing investment in freight industry is expected to support the market’s growth in the region. Furthermore, the growing rate of population, rise in economic activities, and supportive government policies are also anticipated to key drivers for the regional market. On a similar note, Asia Pacific freight brokerage market is also likely to witness a steady growth rate.
Some of the key players operating in the global freight brokerage market are GlobalTranz, C.H. Robinson, XPO Logistics, BNSF Logistics, Echo Global Logistics, Expeditors, TQL, Landstar, Cerasis, Worldwide Express, Coyote Logistics, and Cargomatic. The research report provides a detailed description of the competitive landscape in the global market. Furthermore, it also includes an explanation of the research and development strategies, expansion plans, and business and marketing strategies that these companies are likely to deploy in the coming few years. Threat from new entrants, substitute services, and bargaining power of buyers and suppliers has also been discussed in this research report.
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