Projections point to a 21.20% CAGR for Digital Freight Matching Market, with $170.26 Billion by 2032

Digital Freight Matching Market Size Worth $170.26 Billion By 2032 | CAGR: 21.20%


The global digital freight matching market size is expected to reach USD 170.26 billion by 2032, according to a new study by Polaris Market Research. The report “Digital Freight Matching Market Share, Size, Trends, Industry Analysis Report, By Mode of Transportation (Less-than-truckload (LTL), Full truckload (FTL), Intermodal, Others); By Service; By Platform; By End-Use Industry; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Digital freight matching market stands at the forefront of a technological revolution in the logistics and transportation industry. This innovative sector harnesses digital platforms and advanced algorithms to connect shippers with carriers in real time, transforming the way goods are transported and managed.

At its core, DFM is about optimizing the utilization of freight capacity. Traditional freight brokerage often involves manual processes, phone calls, and paperwork, leading to inefficiencies and delays. In contrast, DFM platforms automate and streamline these operations, enabling swift and seamless matching of available freight with suitable carriers. This not only reduces lead times but also minimizes costs, making the entire logistics process more agile and cost-effective.

Digital freight matching significant advantage lies in its real-time visibility and tracking of shipments, empowering both shippers and carriers to monitor the progress of goods from start to finish closely. This enables them to respond promptly to any unforeseen disruptions or delays. This heightened transparency not only enhances customer satisfaction but also nurtures trust and confidence among all parties engaged in the logistics process.

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Furthermore, DFM platforms significantly expand the network of available carriers. This includes smaller, independent operators who may not have been easily accessible through traditional brokerage methods. The diversification of carrier options not only increases flexibility but also enhances resilience in logistics operations. This is particularly crucial in times of unexpected disruptions, such as natural disasters or supply chain crises.

The environmental impact of DFM cannot be overstated. By optimizing routes and reducing empty miles, DFM platforms contribute to sustainable transportation practices. This aligns with global efforts to reduce carbon emissions and promote eco-friendly logistics solutions. Additionally, the efficiency gains achieved through DFM lead to a reduction in overall fuel consumption, further contributing to environmental conservation.

Digital Freight Matching Market Report Highlights

  • The full truckload (FTL) segment is expected to grow at the highest CAGR during the projected period on account of adaptability and versatility
  • Freight matching services segment accounted for the largest market share in 2022, which is mainly driven by cost-effectiveness, higher performance, and flexibility
  • The mobile-based segment is projected to grow at a CAGR during the projected period, owing to the increasing prevalence of smartphones
  • The food & beverage segment held a significant market share in revenue share in 2022.
  • The North American region dominated the market with a majority share in 2022, owing to exponential growth in technology and rising R&D investments.
  • The global key market players include FreightWaves, JB Hunt Transport Services, and Loadsmart. Maersk, Uber Freight

Polaris Market Research has segmented the digital freight matching market report based on mode of transportation, platform, service, end-use industry, and region:

Digital Freight Matching, Mode of Transport Outlook (Revenue - USD Billion, 2019 - 2032)

  • Less-than-truckload (LTL)
  • Full truckload (FTL)
  • Intermodal
  • Others

Digital Freight Matching, Platform Outlook (Revenue - USD Billion, 2019 - 2032)

  • Mobile-based
  • Web-based

Digital Freight Matching, Service Outlook (Revenue - USD Billion, 2019 - 2032)

  • Value Added Services
  • Freight Matching Services

Digital Freight Matching, End-Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)

  • Retail & E-Commerce
  • Oil & Gas
  • Food & Beverage
  • Manufacturing
  • Automotive
  • Others

Digital Freight Matching, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Digital Freight Matching Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 36.47 billion

Revenue Forecast in 2032

USD 170.26 billion

CAGR

21.20% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Mode of Transportation, By Platform, by Services, By End-Use Industry, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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