Overview

Chugging along: US economic growth and increased consumer spending will boost demand

IBISWorld’s Freight Forwarding Brokerages & Agencies market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$142bn
Annual Growth
12-17
6.8%
Annual Growth
17-22
Profit
Employment
346,332
Business
85,132

Industry Threats & Opportunities

  • The industry is becoming increasingly competitive due to its low barriers to entry and rising demand
  • Operators experience intense competition on the bases of price and efficiency
  • Freight volumes are anticipated to climb, creating opportunities for industry growth

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    Industry Analysis & Industry Trends

    Over the past five years, the Freight Forwarding Brokerages and Agencies industry has expanded. In this period, economic recovery led to rising consumer spending, e-commerce sales and industrial output. As a result, domestic freight volumes increased, which drove demand for industry services. Moreover, initially strong growth in emerging markets encouraged trade, thereby increasing demand for the industry's trade-related services, such as customs brokerage. Overall, over the five years to 2017, industry revenue is expected to increase. Over the five years to 2022, industry revenue is forecast to climb due to accelerated US economic growth and increased consumer spending.
    ...

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    Industry Report - Industry Locations Chapter

    Most industry activity is concentrated in states with high levels of manufacturing, trade and other commercial activities, namely the Southeast, West and Mid-Atlantic regions. Due to its large population and commercial base, the Southeast region has the largest share of industry establishments at 25.1%. The Southeast represents 25.7% of the US population and houses major US ports, including ports throughout Alabama, Florida and Louisiana. The region also hosts a large proportion of rail freight employees and rail maintenance and support enterprises.

    The West is the second-largest region in terms of industry establishments with 19.4%. Ports on the West Coast are major transit points, especially for goods entering the country from Asia. Fre..

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    Additional Insights for the Freight Forwarding Brokerages & Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Freight Forwarding Brokerages & Agencies Industry are

  • Ability to quickly adopt new technology
  • Understanding government policies and their implications
  • Provision of superior after sales service
  • IBISWorld analysts also discuss how external factors such as Freight transportation services index and Total trade value in the Freight Forwarding Brokerages & Agencies industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Freight Forwarding Brokerages & Agencies Industry?

    Companies in this industry arrange the transportation of freight between shippers and carriers. These operators are usually known as freight forwarders, marine shipping agents or customs brokers, and offer services for many modes of transportation. Since operators act as agents, the industry does not include the cost of arrangement as part of its revenue.

    Industry Products
    Domestic freight transportation arrangement services
    International freight forwarding and customs brokerage services
    Nonvessel operating common carrier services
    Industry Activities
    Freight forwarding
    Providing marine shipping-agency services
    Customs brokering

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Freight transportation services index
  • Total trade value
  • Consumer spending
  • commerce sales
  • World price of crude oil

  • Current Performance
  • Demand climbs
  • Industry competition and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Further growth
  • Competition and other trends
  • Table: Freight Forwarding Brokerages & Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Freight Forwarding Brokerages & Agencies Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Transportation and Warehousing

  • Key Selling Industries
  • Local Freight Trucking
  • Long-Distance Freight Trucking
  • Ocean & Coastal Transportation
  • Rail Transportation
  • Transportation and Warehousing

  • Products & Services
  • Domestic freight transportation arrangement services
  • International freight forwarding and customs brokerage services
  • Nonvessel operating common carrier services
  • Other
  • Chart: Freight Forwarding Brokerages & Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturers
  • Exporters
  • Importers
  • Wholesalers
  • Chart: Major Market Segmentation for the Freight Forwarding Brokerages & Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Freight Forwarding Brokerages & Agencies

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Freight Forwarding Brokerages & Agencies Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Freight Forwarding Brokerages & Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Freight Forwarding Brokerages & Agencies Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Freight transportation services index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Integrated Logistic Services
  • Provision of transportation activities from door to door through the vertical integration of the supply chain.
  • Just-In-Time (Jit)
  • A strategy implemented to improve profitability by reducing inventory and purchasing the raw materials that are needed for the immediate term only.
  • Less-Than-Container Load (Lcl)
  • Shipments that do not occupy the space of a single standard cargo container.
  • Less-Than-Truckload (Ltl)
  • When carriers fill trucks with merchandise from several companies, as opposed to one firm. Combining multiple shipments allows carriers to be more efficient.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Freight Forwarding Brokerages & Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Freight Forwarding Brokerages & Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Freight Forwarding Brokerages & Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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