Freight Brokerage Market Size | Share, Trends & Forecast 2025

Q: What is the current and projected size of the freight brokerage market?

The market was valued at USD 52.5 billion in 2024 and is projected to reach USD 90.6 billion by 2031.

Q: What is the expected CAGR of the freight brokerage industry during 2024–2031?

The freight brokerage market is expected to grow at a CAGR of 7.1% from 2024 to 2031.

Q: Which key factors are driving the growth of the freight brokerage market?

E-commerce expansion, digital platforms, and real-time logistics visibility are key drivers.

Q: Who are the major players in the freight brokerage industry?

C.H. Robinson, XPO Logistics, Uber Freight, and TQL are among the top companies in the sector.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4542

Publication Date: Jun 2025

What is the Freight brokerage Market Size?

According to 6Wresearch internal database and industry insights, the Global Freight brokerage market was valued at USD 52.5 billion in 2024 and is anticipated to exceed USD 90.6 billion by 2031, registering a steady at a CAGR of 7.1% during the forecast period.

The freight brokerage market serves as a vital link between shippers and carriers by facilitating transportation services through third-party logistics. With the growing complexities in supply chains and increasing e-commerce demand, the market is experiencing consistent evolution driven by digitalization, real-time tracking, and cost optimization needs.

Major Growth Factors of the Freight brokerage Industry

Rising e-commerce and retail logistics
Digital transformation in freight management
Increased demand for on-demand freight services
Expansion of third-party logistics (3PL) providers
Cost-effective solutions for shippers and carriers
Real-time freight tracking and analytics

Freight brokerage Market Trends

The freight brokerage industry is witnessing a shift toward automation, digital load matching, and cloud-based platforms. There's a growing emphasis on AI-driven route optimization, integration of transportation management systems (TMS), and sustainable freight practices to streamline operations and reduce costs.

Emerging Developments in the Freight brokerage Industry

The industry is rapidly adopting blockchain for enhanced transparency, while digital freight marketplaces are expanding globally. Moreover, collaborations between tech startups and traditional logistics firms are reshaping the competitive landscape, improving freight visibility, and enabling dynamic pricing models.