Market Research Future (MRFR) has published on the “Global Digital Freight Matching Market”.
The Digital Freight Matching market is estimated to register a CAGR of 32.20% during the forecast period of 2023 to 2032.
Digital Freight Matching Highlights
MRFR recognizes the following companies as the key players in the global Digital Freight Matching market— Uber Freight, C.H. Robinson Worldwide, Inc., Redwood, XPO, Inc., Convoy, Inc., Freight Technologies Inc., Freight Tiger, Cargomatic Inc., Roper Technologies Inc., Loadsmart.
The global Digital Freight Matching market is accounted to register a CAGR of 32.20% during the forecast period and is estimated to reach USD 352.7 billion by 2032.
The digital freight matching market is witnessing robust growth driven by a surge in demand for technology solutions that enhance efficiency and transparency in the logistics industry. Key highlights include the adoption of real-time visibility and automated matching platforms, which enable shippers and carriers to connect seamlessly, optimizing freight operations. The market is characterized by innovations such as predictive analytics, artificial intelligence, and blockchain integration, providing advanced functionalities for route optimization, load consolidation, and risk management.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Digital Freight Matching Market
Segment Analysis
The global Digital Freight Matching market has been segmented based on service, platform and industry.
On the basis of service, the market is segmented into Freight Matching Services and Value-Added Services. The freight matching services segment was attributed to holding the largest market share in 2022, leveraging advanced technology to efficiently connect shippers with carriers, streamlining the logistics process.
Based on platform, the global Digital Freight Matching market has been segmented into Web-Based and Mobile-Based. The mobile-based segment was expected to hold the largest market share in 2022, by providing real-time connectivity and accessibility to shippers and carriers.
Based on industry, the global Digital Freight Matching market has been segmented into Food & Beverages, Retail & E-Commerce, Manufacturing, Oil & Gas, Automotive, Healthcare and Others. The food & beverages segment was expected to hold the largest market share in 2022, due to its reliance on efficient and timely transportation of perishable goods.
Regional Analysis
The global Digital Freight Matching market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Digital Freight Matching market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Digital Freight Matching market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Digital Freight Matching market comprises of Middle East, Africa, and Latin America.
The largest market share for Digital Freight Matching was maintained by the North American regional sector. This increase is attributed to the region's complex and dynamic supply chain landscape, where businesses are increasingly seeking efficient and technologically advanced solutions to streamline freight operations. The growth is fueled by a strong emphasis on real-time visibility, cost optimization, and the need to address capacity constraints in the transportation sector. Additionally, the presence of a large number of logistics-intensive industries and a tech-savvy business environment contribute to the widespread adoption of digital freight matching solutions in North America.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Digital Freight Matching is driven by the region's emphasis on enhancing supply chain efficiency, reducing transportation costs, and improving sustainability through the adoption of advanced technology solutions that streamline freight operations and connectivity between shippers and carriers.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's rapidly expanding e-commerce sector, which necessitates efficient and technology-driven logistics solutions for the seamless movement of goods. Additionally, the increasing emphasis on supply chain visibility, cost optimization, and the overall modernization of transportation networks in Asia Pacific contribute to the growing adoption of digital freight matching platforms in the region.
Furthermore, the rest of the world's Digital Freight Matching market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's growing recognition of the importance of digitization in optimizing logistics and supply chain operations, with a focus on improving efficiency, reducing costs, and enhancing visibility. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Digital Freight Matching market is expected to reach USD 352.7 billion by 2032, at a CAGR of 32.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the region's rapidly expanding e-commerce sector, the need for more efficient and transparent logistics solutions, and the increasing focus on supply chain optimization.
- Based on platform, the mobile-based segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- Uber Freight, C.H. Robinson Worldwide, Inc., Redwood, XPO, Inc., Convoy, Inc., Freight Technologies Inc., Freight Tiger, Cargomatic Inc., Roper Technologies Inc., Loadsmart.
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Companies Covered | 15 |
Pages | 128 |
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