Digital Freight Brokerage Market Growth, Size, Trends Analysis - By Transportation Mode, By Service Type, By Customer Type, By End-User Industry - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Digital Freight Brokerage Market Introduction and Overview

According to SPER Market Research, the Global Digital Freight Brokerage Market is estimated to reach USD 67.72 billion by 2034 with a CAGR of 27.51%.

The report includes an in-depth analysis of the Global Digital Freight Brokerage Market, including market size and trends, product mix, Applications, and supplier analysis. The global digital freight brokerage market was valued at approximately USD 5.96 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 27.51% from 2025 to 2034. The expansion of cross-border and intermodal freight transport serves as a primary catalyst for the digital freight brokerage sector. As international trade continues to grow, companies encounter obstacles such as customs delays, ineffective coordination among various transport modes, and elevated costs related to cross-border freight. Digital freight brokerage platforms provide features such as real-time tracking, automated customs documentation, and AI-driven route optimization, facilitating smooth transitions between different transport modes.

Digital Freight Brokerage Market

By Transportation Mode Insights:

In 2024, the road freight segment led the transportation market with the highest revenue share. Road freight involves transporting goods using trucks on highways and roads for short- and long-distance shipments. Growth in this segment is driven by the increase in e-commerce, cross-border trade, and advancements in digital freight technology that improve route efficiency. The air freight segment is also expected to grow significantly, as it connects shippers with airlines to move goods by air. This growth is supported by rising global trade, demand for quick deliveries for time-sensitive products like pharmaceuticals and perishables, and improvements in cargo tracking and handling technologies.

By Service Type Insights:

Within service types, the full-truckload (FTL) brokerage segment made up the largest revenue share. FTL involves transporting a shipment that occupies the full capacity of a truck, leading to faster delivery. This service is essential for industries that require bulk transport, such as retail, automotive, and manufacturing. The growth of this segment stems from a demand for quicker deliveries, increased use of digital freight platforms, and a rise in long-haul shipments. The refrigerated freight segment, used for temperature-sensitive goods, is also expected to see significant growth due to rising demand for perishable items and strict regulations regarding food and drug safety.

By Customer Type Insights:

The business-to-business (B2B) segment held the largest market share in 2024, focusing on the transportation of goods between businesses. This involves high-volume shipments essential for industries like manufacturing and automotive, where compliance and specialized handling are important. The B2B segment is driven by globalization and the need for efficient logistics. However, the business-to-consumer (B2C) segment is projected to grow quickly, thanks to the expansion of e-commerce and advancements in last-mile delivery, resulting in increased consumer demand for personalized shopping experiences.

By End-User Industry Insights:

The retail and e-commerce segment had the largest market share in 2024, driven by the rise of online shopping and the need for efficient logistics solutions. This segment includes freight services for both online and physical retail. Growth factors include the demand for last-mile delivery and warehouse automation. The healthcare and pharmaceuticals segment is also expected to grow significantly due to strict regulations for transporting temperature-sensitive products and the increasing demand for biopharmaceuticals. Additionally, the rise in chronic diseases and aging populations is leading to more frequent and safe medical shipments.

Regional Insights:

North America led the digital freight brokerage market, holding the largest revenue share in 2024. The growth of the North American market is fueled by a high rate of e-commerce adoption, a shortage of trucking capacity, sophisticated AI-based logistics solutions, robust logistics infrastructure, increasing cross-border trade with Canada and Mexico, and significant penetration of digital freight solutions. The digital freight brokerage market in the Asia Pacific region also accounted for a considerable share in 2024. The industry in this region is undergoing substantial transformation, propelled by rapid urbanization, a surge in e-commerce, government-supported smart logistics initiatives, infrastructure investments, and the emergence of digital payment systems.

Market Competitive Landscape:

The digital freight brokerage market is marked by fierce competition, driven by strategic mergers, acquisitions, partnerships, and collaborations aimed at enhancing service offerings and broadening market reach. Companies like Uber Freight and Convoy are utilizing these strategies to strengthen their positions within the fast-evolving logistics sector. Strategic mergers and acquisitions have become essential, allowing companies to incorporate advanced technologies such as AI and machine learning, thereby optimizing freight matching and route planning.

Recent Developments:

In February 2024, digital freight broker CDL 1000 acquired Next Trucking, furthering the consolidation in the technology-driven sector that connects trucks with shipments. This acquisition combines CDL 1000, located in Chicago and specializing in short-haul routes between seaports and warehouses, with Long Beach-based Next Trucking, which focuses on servicing the Los Angeles and Long Beach port complex, the busiest in the United States.

In November 2024, Uber Freight announced the introduction of Broker Access, a new initiative that allows brokers to digitally book and execute loads on Uber Freight's carrier network.

In July 2024, Freight Technologies, Inc. launched Waavely, a platform designed to streamline ocean freight booking and management for companies transporting containers between North America and global ports. It offers 24/7 tracking with an interactive map for real-time shipment monitoring.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Transportation Mode, By Service Type, By Customer Type, By End-User Industry

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered C.H. Robinson Worldwide, Inc, Total Quality Logistics, LLC, Coyote Logistics, LLC, WWEX Group, Landstar System Holdings, Inc, Mode Global, Echo Global Logistics, Inc, Schneider National, Inc, Uber Freight, J.B. Hunt Transport Services, Inc.

Key Topics Covered in the Report:

Global Digital Freight Brokerage Market Size (FY 2021-FY 2034)

Overview of Global Digital Freight Brokerage Market

Segmentation of Global Digital Freight Brokerage Market By Transportation Mode (Road Freight, Rail Freight, Air Freight, Ocean Freight)

Segmentation of Global Digital Freight Brokerage Market By Service Type (Full-truckload Brokerage, Less-than-Truckload Brokerage, Intermodal Brokerage, Expedited Freight. Refrigerated Freight, Cross-border Freight Brokerage, Other Services Type)

Segmentation of Global Digital Freight Brokerage Market By Customer Type (Business-to-Business, Business-to-Consumer)

Segmentation of Global Digital Freight Brokerage Market By End-User Industry (Retail & E-commerce, Manufacturing, Automotive, Food & Beverages, Healthcare & Pharmaceuticals, Oil & Gas, Other End-User Industries)

Statistical Snap of Global Digital Freight Brokerage Market

Expansion Analysis of Global Digital Freight Brokerage Market

Problems and Obstacles in Global Digital Freight Brokerage Market

Competitive Landscape in the Global Digital Freight Brokerage Market

Details on Current Investment in Global Digital Freight Brokerage Market

Competitive Analysis of Global Digital Freight Brokerage Market

Prominent Players in the Global Digital Freight Brokerage Market

SWOT Analysis of Global Digital Freight Brokerage Market

Global Digital Freight Brokerage Market Future Outlook and Projections (FY 2025-FY 2034)

Recommendations from Analyst