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

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. ...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

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
  • Industry Report - Industry Key Buyers Chapter

    The Freight Forwarding Brokerages and Agencies industry is estimated to have a low level of concentration, as the top four players are expected to account for less than 10.0% of industry revenue in 2017. Despite the presence of large international corporations, the industry is dominated by small- and medium-sized enterprises, and close to 55.0% of all employer-establishments employ less than four people. Additionally, 72.5% of establishments are classified as nonemployers. New companies are entering the industry at a 3.2% annualized rate (including a 3.4% growth rate for nonemployers), while new establishments are opening at an annualized rate of 2.9%. This shows that new companies are entering the market at a faster rate than existing companies are expanding. Thi...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Freight Forwarding Brokerages & Agencies Industry
  • 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
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Freight Forwarding Brokerages & Agencies can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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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