The article cited AMA's "Global Freight Brokerage Market Study" explored CAGR of 6.6%. According to the report, Automated Freight Brokerage Applications
is one of the primary growth factors for the market. Growth of overall Transportation Industry
is also expected to contribute significantly to the Freight Brokerage market. Overall, Food and Beverages
applications of Freight Brokerage, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Services, such as LTL (Less than Load), is boosting the Freight Brokerage market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Freight Brokerage market identified that the demand is rising in many different parts of the world as "Robust Growth in International Trading
". Furthermore, some recent industry insights like "In January 2023,Lobb, a digital freight brokerage platform plans to launch its mobile application in six new regional languages in a bid to improve user convenience and attract more users. and The startup enables transporters and truckers to connect, discover and transact freight in a frictionless manner by leveraging technology and building solutions ground-up, that are relevant at a global scale." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Freight Brokerage market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Freight Brokerage market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.