The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Custom Brokerage market throughout the predicted period.
What is Custom Brokerage?
Custom brokerage means to prepare and submit documentation to notify or obtain clearance of goods from government agencies. Custom brokerage service providers also facilitate the shipment and delivery of goods across geographical borders for individuals and organizations. However, in the digital era transactions regarding shipments and customs clearance procedures have been migrating online. The custom brokerage service providers are continuously developing their internal infrastructure with advanced technologies to coincide with all requirements.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Custom Brokerage market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- Farrow (Canada)
- United Parcel Service (United States)
- KerryIndev Logistics Pvt Ltd (India)
- Unique Logistics (Hong Kong)
- CEVA Logistics (United Kingdom)
- Expeditors International (United States)
- Globalink Logistics (Kazakhstan)
- AGS (United States)
- XPO Logistics (United States)
- C.H. Robinson (United States)
- Total Quality Logistics (United States)
- Coyote Logistics (United States)
In February 2019, Platinum Equity signed an agreement to acquire Livingston International. Livingston is a Canada-based international trade-services firm, specializes in customs brokerage, freight forwarding, and trade consulting. The acquisition will allow Platinum Equity to operate the company in a broad range of business markets, including manufacturing, distribution, transportation, and logistics, etc.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Emerging Trend of Advanced Technology Such as Blockchain in Custom Brokerage Services
- Delays, Damages, and Customs Clearance Problems Can Restraint the Growth
Rapidly Growing Manufacturing Sector Across the Globe Will Create Many Opportunities
Key highlights of the Global Custom Brokerage market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Custom Brokerage market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Custom Brokerage market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Custom Brokerage Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Custom Brokerage market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Custom Brokerage market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Custom Brokerage Services Providers, Third-party Logistics Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-User Industries and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. Where the Custom Brokerage industry is heading?
Custom Brokerage Market is heading robustly to achieve new growth cycle.2. Is Custom Brokerage market is changing from growth to value?
The Concentration Rate of Global Custom Brokerage market is dominated by United States Players to generate healthy valuation by 2026. 3. Who are the key players profiled in the Custom Brokerage Market?
Companies that are profiled in Global Custom Brokerage Market are Farrow (Canada), United Parcel Service (United States), KerryIndev Logistics Pvt Ltd (India), Unique Logistics (Hong Kong), CEVA Logistics (United Kingdom), Expeditors International (United States), Globalink Logistics (Kazakhstan), AGS (United States), XPO Logistics (United States), C.H. Robinson (United States), Total Quality Logistics (United States) and Coyote Logistics (United States) etc.