Impact of Covid-19 On Digital Freight Brokerage Market 2021 | The Retail and e-Commerce Segment Led the Market Globally and Held a Market Share of 24.6% in 2019
Global Digital Freight Brokerage Market 2021 debates the report moreover centers around global giant manufacturers of the Digital Freight Brokerage with dynamic information like company profiles, market segmentation statistics, demanding situations and limitations, industry value, cost, sales, income, and much more information. This study provides key facts at the state of the industry and is a valuable supply of steerage and path for organizations and people inquisitive regards the market.
The global digital freight brokerage market was valued at USD 854.9 Million in 2019 and is expected to grow at a CAGR of 31.3% during the forecast period, 2020–2027.
The objective of the study is to outline market sizes of various segments and nations in previous years and to estimate the values for the next five years. The report is Intended to offers the most segmented consumption and sales data of diverse types of Digital Freight Brokerage, downstream consumption fields, and competitive landscape in numerous regions and countries around the globe, this report studies the latest market data from the primary and secondary imposing sources.
Asia-Pacific is expected to be the fastest-growing region in the digital freight brokerage market at a CAGR of 32.9%, with India and China dominating the transportation and logistics sector.
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Digital Freight Brokerage Market Report Highlights:
• Comprehensive summary of parent market & supernumerary market
• Shifting market dynamics in the industry (like COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Drivers, Restraints, Growth with Historical & Forecast Analysis)
• Recent industry updates and growth activity
• Competitive landscape (Emerging Vendors & Market Share Analysis for Major Players along with complete Profiles)
China’s two digital brokerage companies, Huochebang’s and Yunmanman, merged with the Manbang group in November 2017, which is valued at around USD 6 billion. In India, emerging startups such as Blackbuck, 4tigo, TruckHall, Rivigo, and Freightbazaar seek to smoothen freight management operations.
The report also offered market size (value and volume). Furthermore, the report also provides detailed information regards crucial aspects like drivers and restraining factors, which will describe the future growth of the Digital Freight Brokerage market.
The Digital Freight Brokerage Market Has Been Segmented as Below:
By Type- Roadway, Seaway, Airway, Railway Segmentation
By Application- Food and beverages, Automotive, Retail and e-commerce, Healthcare, Manufacturing, Others
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Market Study and Insights: Global Digital Freight Brokerage Market
Since the worldwide COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the world with the WHO (World Health Organization) stating it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already preliminary to be felt, and will expressively affect the Digital Freight Brokerage market in 2021.
COVID-19 can disturb the global economy in three major ways: by directly affecting production and demand, by generating supply chain and market disruption, and by its financial influence on companies and financial markets.
The outbreak of COVID-19 has transported effects on various aspects such as flight cancellations; travel bans, and quarantines; restaurants closed; all indoor events constrained; over forty countries state of emergency declared; huge slowing of the supply chain; stock market instability; falling business confidence, rising panic among the population, and uncertainty regards future.
Digital Freight Brokerage Market, By Company
BlackBuck (Zinka Logistics Solutions Pvt. Ltd.), Echo Global Logistics, Inc., Coyote Logistics, LLC, Transfix, Inc., Convoy, Cargomatic Inc., Trucker Path Inc., J.B. Hunt Transport Services, Inc., Uber Freight LLC, Saloodo! GmbH and Routier (Ebix Inc.) are among the key players operating in the market.
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Geographically, this report is segmented into various key regions, with industry sales, revenue, global market shares, and growth rate of Digital Freight Brokerage in these regions, from 2017 to 2029, covering
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What does the Digital Freight Brokerage Market Report Offer?
The market report provides qualitative and quantitative visions on the industry and an in-depth analysis of the size & growth rate for all segments impacting the market growth. Also, the report offers an insightful study of market dynamics, opportunities, evolving trends, and competitive landscape. The valuable insights obtainable are based on the latest trends, latest industry developments like mergers & acquisitions, partnerships, and others by adopting various research methodologies that will affect the development of the now and future market growth during the estimated period.
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