Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
According to the latest research, the global Customs Brokerage market size was valued at USD 23769.81 million in 2022 and is expected to expand at a CAGR of 7.54% during the forecast period, reaching USD 36776.06 million by 2028.
Customs brokerage is a service provided by customs brokers to facilitate shipment and delivery of goods across geographical borders, whether they go by air, ocean, or ground. Brokers can be private individuals or business entities, such as partnerships, associations or corporations. To provide brokerage services, they need a license from relevant state bodies.
Since the beginning of the outbreak, the coronavirus has been a direct cause of delays and non-delivery of goods and services. Factory shutdowns and low capacity, government bans and restrictions on imports and exports, and limitations of transportation and logistics companies have caused delays and disruptions to global supply chains. As a result, companies from various industries have reduced their cross-border operations, which may reduce the global cross-border trade market size, thereby reducing the demand for Customs Brokerage. However, with the development of time, the improvement of the epidemic situation and the change of government prevention and control measures, factories have gradually resumed production, and the logistics industry has gradually begun to resume operations. But the COVID-19 pandemic means freight requirements and regulations are constantly changing. Customs Brokerage stays informed of changing and relevant developments, delivering and receiving goods in compliance with regulations. This leads to a possible increase in the market demand for Customs Brokerage.
Frequently changing trade policy
International shipping of goods can be a tricky process, and if a company is not aware of the latest trade policies in any country, it is easy for a company to get stuck. When it comes to international trade, each country abides by its own laws or regulations. In addition, most of these laws or policies may change frequently, for example, tariffs and license requirements. And for companies doing import and export trade, keeping abreast of these changes may require regular research and monitoring, which can be time-consuming and impractical.
Qualified Customs Brokerage companies can help companies step into business to easily obtain the latest trade policy information. With extensive knowledge of process changes in different countries, Customs Brokerage has a comprehensive understanding of changes affecting duties and taxes. This helps customers to correctly estimate shipping costs and time costs. In general, frequently changing trade policies increase the difficulty and cost of handling import and export business by companies themselves, and increase the demand for Customs Brokerage services, which is beneficial to the development of the industry.
An increasingly complex international political and trade environment
For the Customs Brokerage industry, changes in political factors have an important impact on companies in the industry and directly affect the company's profitability. For example, on February 24, 2022, a military conflict broke out between Russia and Ukraine, and the United States, the United Kingdom and the European Union all imposed economic sanctions on Russia. The measure also includes a ban on trade between the EU and the two rebel-held areas. European and American countries may restrict the export of core high-tech goods to Russia. For example, the United States will ban companies from selling semiconductor microchips, which are used in everything from cars to smartphones, to Russia. Western countries may refuse to buy oil and gas from big Russian energy giants. The conflict between Russia and Ukraine will inevitably have a significant impact on the foreign trade between the two countries. Overall, the increasingly complex international political and trade environment is a challenge for the Customs Brokerage industry.
Region Overview:
Geographically, Europe held the largest market share -- 32.87% in 2021.
Company Overview:
Expeditors International is one of the major players operating in the Customs Brokerage market, holding a share of 8.11% in 2022.
Expeditors
Expeditors is a global logistics company headquartered in Seattle, Washington. Expeditors are focused on the increasingly sophisticated needs of international trade through customized solutions and seamless, integrated information systems. The services include air and ocean freight consolidation and forwarding, vendor consolidation, customs clearance, cargo insurance, distribution and other value-added logistics services.
United Parcel Service
United Parcel Service, Inc. operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing.
Segmentation Overview:
Among different product types, Sea segment is anticipated to contribute the largest market share in 2027.
Air
Differentiate according to the way of transporting goods. It mainly refers to the transportation of goods by means of aircraft.
Rail
Differentiate according to the way of transporting goods. It mainly refers to the transportation of goods by rail.
Sea
Differentiate according to the way of transporting goods. It mainly refers to the transportation of goods by ship.
Application Overview:
The market's largest segment by application is the segment Manufacturing, with a market share of 29.7% in 2021.
Mainly according to the different downstream customer industries, it can be divided into healthcare, manufacturing, telecommunications, government and utilities. For example, in the healthcare sector, customs brokers provide businesses with cross-border shipping and distribution services.
This report elaborates on the market size, market characteristics, and market growth of the Customs Brokerage industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Customs Brokerage. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Customs Brokerage Market Report Include:
Market Size Estimates: Customs Brokerage market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Customs Brokerage market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Customs Brokerage market
Segment Market Analysis: Customs Brokerage market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Customs Brokerage market situations and prospects in major and top regions and countries
Customs Brokerage Market
Customs Brokerage Industry Chain: Customs Brokerage market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Customs Brokerage Industry News, Policies by regions
Customs Brokerage Industry Porters Five Forces Analysis
Key players in the global Customs Brokerage market are covered in Chapter 2:
DHL
CEVA Logistics
Livingston International
C.H. Robinson Worldwide
United Parcel Service
Nippon Express
GEODIS
API Logistics
Kuehne Nagel
DSV
A.N. Deringer
Expeditors International
FedEx
DB Schenker
CJ Logistics
In Chapter 6 and Chapter 9, on the basis of types, the Customs Brokerage market from 2018 to 2028 is primarily split into:
Air
Rail
Sea
In Chapter 7 and Chapter 10, on the basis of applications, the Customs Brokerage market from 2018 to 2028 covers:
Healthcare
Manufacturing
Telecommunication
Government and Public Utilities
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Customs Brokerage market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Customs Brokerage industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Customs Brokerage market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Customs Brokerage industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Customs Brokerage market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Customs Brokerage market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Customs Brokerage market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Customs brokerage is a service provided by customs brokers to facilitate shipment and delivery of goods across geographical borders, whether they go by air, ocean, or ground. Brokers can be private individuals or business entities, such as partnerships, associations or corporations. To provide brokerage services, they need a license from relevant state bodies.
Since the beginning of the outbreak, the coronavirus has been a direct cause of delays and non-delivery of goods and services. Factory shutdowns and low capacity, government bans and restrictions on imports and exports, and limitations of transportation and logistics companies have caused delays and disruptions to global supply chains. As a result, companies from various industries have reduced their cross-border operations, which may reduce the global cross-border trade market size, thereby reducing the demand for Customs Brokerage. However, with the development of time, the improvement of the epidemic situation and the change of government prevention and control measures, factories have gradually resumed production, and the logistics industry has gradually begun to resume operations. But the COVID-19 pandemic means freight requirements and regulations are constantly changing. Customs Brokerage stays informed of changing and relevant developments, delivering and receiving goods in compliance with regulations. This leads to a possible increase in the market demand for Customs Brokerage.
Frequently changing trade policy
International shipping of goods can be a tricky process, and if a company is not aware of the latest trade policies in any country, it is easy for a company to get stuck. When it comes to international trade, each country abides by its own laws or regulations. In addition, most of these laws or policies may change frequently, for example, tariffs and license requirements. And for companies doing import and export trade, keeping abreast of these changes may require regular research and monitoring, which can be time-consuming and impractical.
Qualified Customs Brokerage companies can help companies step into business to easily obtain the latest trade policy information. With extensive knowledge of process changes in different countries, Customs Brokerage has a comprehensive understanding of changes affecting duties and taxes. This helps customers to correctly estimate shipping costs and time costs. In general, frequently changing trade policies increase the difficulty and cost of handling import and export business by companies themselves, and increase the demand for Customs Brokerage services, which is beneficial to the development of the industry.
An increasingly complex international political and trade environment
For the Customs Brokerage industry, changes in political factors have an important impact on companies in the industry and directly affect the company's profitability. For example, on February 24, 2022, a military conflict broke out between Russia and Ukraine, and the United States, the United Kingdom and the European Union all imposed economic sanctions on Russia. The measure also includes a ban on trade between the EU and the two rebel-held areas. European and American countries may restrict the export of core high-tech goods to Russia. For example, the United States will ban companies from selling semiconductor microchips, which are used in everything from cars to smartphones, to Russia. Western countries may refuse to buy oil and gas from big Russian energy giants. The conflict between Russia and Ukraine will inevitably have a significant impact on the foreign trade between the two countries. Overall, the increasingly complex international political and trade environment is a challenge for the Customs Brokerage industry.
Region Overview:
Geographically, Europe held the largest market share -- 32.87% in 2021.
Company Overview:
Expeditors International is one of the major players operating in the Customs Brokerage market, holding a share of 8.11% in 2022.
Expeditors
Expeditors is a global logistics company headquartered in Seattle, Washington. Expeditors are focused on the increasingly sophisticated needs of international trade through customized solutions and seamless, integrated information systems. The services include air and ocean freight consolidation and forwarding, vendor consolidation, customs clearance, cargo insurance, distribution and other value-added logistics services.
United Parcel Service
United Parcel Service, Inc. operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing.
Segmentation Overview:
Among different product types, Sea segment is anticipated to contribute the largest market share in 2027.
Air
Differentiate according to the way of transporting goods. It mainly refers to the transportation of goods by means of aircraft.
Rail
Differentiate according to the way of transporting goods. It mainly refers to the transportation of goods by rail.
Sea
Differentiate according to the way of transporting goods. It mainly refers to the transportation of goods by ship.
Application Overview:
The market's largest segment by application is the segment Manufacturing, with a market share of 29.7% in 2021.
Mainly according to the different downstream customer industries, it can be divided into healthcare, manufacturing, telecommunications, government and utilities. For example, in the healthcare sector, customs brokers provide businesses with cross-border shipping and distribution services.
This report elaborates on the market size, market characteristics, and market growth of the Customs Brokerage industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Customs Brokerage. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Customs Brokerage Market Report Include:
Market Size Estimates: Customs Brokerage market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Customs Brokerage market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Customs Brokerage market
Segment Market Analysis: Customs Brokerage market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Customs Brokerage market situations and prospects in major and top regions and countries
Customs Brokerage Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Customs Brokerage Industry Chain: Customs Brokerage market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Customs Brokerage Industry News, Policies by regions
Customs Brokerage Industry Porters Five Forces Analysis
Key players in the global Customs Brokerage market are covered in Chapter 2:
DHL
CEVA Logistics
Livingston International
C.H. Robinson Worldwide
United Parcel Service
Nippon Express
GEODIS
API Logistics
Kuehne Nagel
DSV
A.N. Deringer
Expeditors International
FedEx
DB Schenker
CJ Logistics
In Chapter 6 and Chapter 9, on the basis of types, the Customs Brokerage market from 2018 to 2028 is primarily split into:
Air
Rail
Sea
In Chapter 7 and Chapter 10, on the basis of applications, the Customs Brokerage market from 2018 to 2028 covers:
Healthcare
Manufacturing
Telecommunication
Government and Public Utilities
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Customs Brokerage market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Customs Brokerage industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Customs Brokerage market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Customs Brokerage industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Customs Brokerage market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Customs Brokerage market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Customs Brokerage market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
