Global Auto Transport Brokerage Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Auto Transport Brokerage Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Auto Transport Brokerage mainly refers to the agency business that specializes in the transportation of various vehicles. The types of vehicles transported include trucks, cars, RVs, motorcycles, etc.

Market Overview:

The latest research study on the global Auto Transport Brokerage market finds that the global Auto Transport Brokerage market reached a value of USD 576.28 million in 2022. It’s expected that the market will achieve USD 883.0 million by 2028, exhibiting a CAGR of 7.37% during the forecast period.

Influence of COVID-19 Outbreak on Auto Transport Brokerage Industry Development

The spread of COVID-19 has disrupted the pace of people’s lives and changed the way people live and work. The spread of COVID-19 has caused economic recession, unemployment rate rise, people's income decline, travel difficulties, and national blockade. This will have a direct impact on the automobile transportation industry. COVID-19 has caused many cities to be closed, commercial vehicles and large pallets are not allowed to pass, or the time for inspection and customs clearance has been extended, and transport vehicles cannot be in place on time. Or the transit time has been longer than before the coronavirus epidemic. COVID-19 has affected business operations and the demand for automobile transportation has declined. Therefore, the outbreak of COVID-19 is a challenge for the automobile transportation brokerage industry.

Limitations

Automobile transportation brokers are part of the industry chain of personal vehicle freight business. Automobile transportation brokers can collect multiple quotes from multiple operators in a short period of time. The resources of multiple large operators of auto transport brokers enable them to compare prices and tell the client which price is the lowest.

However, compared with carriers, brokers’ quotes and final costs are less accurate and more efficient in communication. With the development of the Internet, carriers will provide online quotations or related consulting services, which will be more convenient and faster than practice with brokers. Therefore, many clients choose to communicate directly with the carrier, which has affected the business of the broker market.

People can open a car transportation brokerage company without a lot of professional knowledge. The broker does not actually need to prepare, load and drive vehicles for transportation. The main task of the broker is to communicate with customers in advance, study whether the carrier is reliable, coordinate the time, and arrange transportation and tracking when transporting vehicles. There are relatively few regulations related to the vehicle transportation industry, and the entry barriers of the brokerage industry are relatively low, leading to fierce market competition.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Montway is one of the major players operating in the Auto Transport Brokerage market, holding a share of 5.76% in 2020.

Montway Auto Transport is a nationwide car shipping company.

LMR Auto Transport Brokerage, Inc. was established in January 2002. LMR Auto Transport Brokerage, Inc. enables people to have more transportation capacity in areas where the country does not often provide services. LMR Auto Transport Brokerage transports cars to and from anywhere in the next 48 states.

Segmentation Overview:

Among different product types, Open Carrier Auto Transport segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Auto Transport Brokerage market covered in Chapter 3:

J＆S Transportation
Fisher Shipping Company
AmeriFreight
Sherpa Auto Transport
MoveWheels
All America Auto Transport
LMR Auto Transport Brokerage, Inc.
Easy Auto Ship
First Choice Auto Transport
All Day Auto Transport
Montway

In Chapter 4 and Chapter 14.2, on the basis of types, the Auto Transport Brokerage market from 2018 to 2029 is primarily split into:

Enclosed Auto Transport
Open Carrier Auto Transport

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Auto Transport Brokerage market from 2018 to 2029 covers:

Commercial
Personal

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)