United States Customs Brokerage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The US Customs Brokerage Market Report is Segmented by Mode of Transport (Sea, Air, and Cross-Border Land Transport). The Report Offers Market Size and Forecasts in Values (USD) for all the Above Segments.

USA Customs Brokerage Market Size

USA Customs Brokerage Market Summary
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Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 5.17 Billion
Market Size (2029) USD 6.59 Billion
CAGR (2024 - 2029) 4.95 %
Market Concentration High

Major Players

USA Customs Brokerage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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USA Customs Brokerage Market Analysis

The USA Customs Brokerage Market size is estimated at USD 5.17 billion in 2024, and is expected to reach USD 6.59 billion by 2029, growing at a CAGR of 4.95% during the forecast period (2024-2029).

  • The market for customs brokerage in the United States has been growing steadily, and the growth is expected to continue through the forecast period. The number of entries processed by US Customs and Border Protection (CBP) has been increasing steadily with increasing imports.
  • In 2021, USD 2.7 trillion of imports were processed, equating to 35.5 million entries and more than 28.7 million imported cargo containers at the US ports of entry. The continuously changing trade environment and increasing complexity of compliance are driving the demand for customs brokerage services, especially with Section 301.
  • The market for customs brokerage is highly competitive, with a large number of brokers operating, especially along the borders. However, the major players account for a significant market share.
  • The companies providing customs brokerage services are investing in research and development activities to gain a competitive edge in the market. As the demand for streamlined and more effective customs clearance processes in short turnaround times is growing, R&D spending is expected to increase through the forecast period.
  • The logistics players across the world, including customs brokers, are exploring the application of blockchain technology. For instance, the Blockchain In Transport Alliance (BiTA) is an alliance formed by logistics and other players to drive the adoption of blockchain.
  • Livingston announced its membership in the Blockchain in Transport Alliance (BiTA). The membership allows the company to provide input into an evolving set of industry standards for rapidly developing blockchain technology that will serve as the core of digitized business transactions in the world of international freight.

USA Customs Brokerage Market Trends

Growth in Imports Driving the US Customs Brokerage Market

  • Following a decrease in inflation, imports into the United States increased by USD 4.2 billion to USD 317.6 billion in December 2022, up from an 11-month low of USD 313.4 billion the previous month. This indicates a recovery in domestic demand. Purchases of products increased by USD 4.5 billion, driven by an increase in purchases of consumer items, particularly smartphones and other home goods, as well as automobiles, parts, and engines (up by USD 4.1 billion) (up USD 2.9 billion).
  • The manufacturing sector depends on timely and reliable deliveries of raw materials or semi-finished products as inputs to further processing. It also requires finished products to be transported to warehouses or distribution centers. The major determinant of manufacturing demand is consumer spending. The trend toward just-in-time (JIT) inventories has also created increased demand for transportation services as manufacturers seek smaller and more frequent deliveries. JIT allows companies to improve profitability by purchasing materials only as needed, thereby reducing inventory costs. For such timely delivery needs, efficient customs clearance is of high importance, driving the need for customs brokers.
USA Customs Brokerage Market: Total Value of International US Imports of Goods and Services, USD Trillion, 2012 to 2021

Sea Transportation Dominates the US Customs Brokerage Market

  • Maritime freight transport is the major mode of transport for international transport of goods. The number of customs entries by mode is highest in the case of sea transport, driving the revenue of the customs brokerage market. The demand for air freight transport is increasing with growing demand for perishables, chemicals & valuables, and the rising demand for just-in-time production of goods. The US customs brokerage market for air freight transport is expected to witness faster growth over the forecast period when compared to other modes of transport.
  • The road freight movement of goods is the dominant mode of transportation in the United States and is an important factor for economic growth. The cross-border land transport, including road, rail, and pipeline transport between the US and North American partners Canada and Mexico, is increasing steadily. It is expected to grow in the future, driven by USMCA. The customs brokerage services for cross-border land transport are highly fragmented, with many small brokers operating at each border port of entry.
USA Customs Brokerage Market: United States Customs Brokerage Market, Revenue Share (%), Mode of Transport, 2021

USA Customs Brokerage Industry Overview

The market for customs brokerage in the United States is fairly fragmented, with many number of customs brokers operating in the market, making it a highly competitive environment. The top players in the market include United Parcel Service and FedEx Corporation, with some other significant players including Livingston International, Expeditors, A.N. Deringer, and C.H. Robinson. Based on a number of entries, it was estimated that FedEx and UPS together account for almost the majority of the total market. Although the top five to ten players take up more than 50% of the market, the companies that account for the remaining market share are more in number with very less market shares.

Apart from these players, the major global freight forwarding companies such as DB Schenker and Kuehne + Nagel also have good service offerings in the US customs brokerage market. A lot of acquisitions have occurred in the past decade, such as Carmichael by APL Logistics and Livingston acquiring FPA Customs brokers, among others.

USA Customs Brokerage Market Leaders

  1. United Parcel Service Inc.

  2. FedEx Corporation

  3. Deutsche Post DHL group

  4. Livingston International

  5. Expeditors International

*Disclaimer: Major Players sorted in no particular order

USA Customs Brokerage Market Concentration
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USA Customs Brokerage Market News

  • November 2023: Kuehne+Nagel completed the acquisition of Farrow, a Canada-based customs broker. This strategic move enhances cross-border capabilities at the US borders with Canada and Mexico.
  • October 2023: Rock-It Global, a leading provider of time-critical freight forwarding and logistics services for the live event, entertainment, sports, and broadcast industries, acquired customs broker Dell Will. This acquisition is aimed at fostering growth in the motorsports sector.

USA Customs Brokerage Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends

    3. 4.3 Government Regulations

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Insights on Imports and Custom Brokerage Services by State

    6. 4.6 Brief on Customs Brokerage as a Freight Forwarding Function

    7. 4.7 Review of Customs Brokerage Costs as Percentage of Total Logistics Spend

    8. 4.8 Shipper Insourcing vs. Outsourcing Trends in Customs Brokerage Related Tasks

    9. 4.9 Overview of Customs Pricing

    10. 4.10 Insights on Customs Brokerage Services by End-user Industry

    11. 4.11 Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Drivers

      1. 5.1.1 Increasing international trade

      2. 5.1.2 Advancements in technology

    2. 5.2 Restraints

      1. 5.2.1 Geopolitical uncertainities

      2. 5.2.2 Changing trade policies

    3. 5.3 Opportunities

      1. 5.3.1 Demand for custom brokerage services

      2. 5.3.2 Expansion of e-commerce and cross-border logistics

    4. 5.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Suppliers

      2. 5.4.2 Bargaining Power of Consumers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitutes

      5. 5.4.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Mode of Transport

      1. 6.1.1 Sea

      2. 6.1.2 Air

      3. 6.1.3 Cross-border Land Transport

  7. 7. MARKET OVERVIEW FOR SOLUTIONS ALLIED TO CUSTOMS BROKERAGE SERVICE

    1. 7.1 Software

    2. 7.2 Consulting

    3. 7.3 Contract Logistics-based Customs Brokerage

    4. 7.4 Other Related Value-added Services

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Overview (Market Share and Major Players)

    2. 8.2 Company Profiles

      1. 8.2.1 United Parcel Service Inc.

      2. 8.2.2 FedEx Corporation

      3. 8.2.3 Deutsche Post DHL group

      4. 8.2.4 Expeditors International

      5. 8.2.5 Livingston International

      6. 8.2.6 A.N. Deringer

      7. 8.2.7 C.H. Robinson

      8. 8.2.8 Carmichael International

      9. 8.2.9 Charter Brokerage LLC

      10. 8.2.10 CH Powell Company*

    3. *List Not Exhaustive
    4. 8.3 Other Companies (Key Information/Overview)

      1. 8.3.1 Trans American Customhouse Brokers Inc., GHY International, Flexport Inc., Purolator International, Samuel Shapiro & Company, Inc., Scarbrough International, Ltd.

  9. 9. FUTURE OF THE MARKET

  10. 10. APPENDIX

    1. 10.1 GDP Distribution, by Activity and Region

    2. 10.2 Insights on Capital Flows

    3. 10.3 E-commerce and Consumer Spending-related Statistics

    4. 10.4 Exports and Imports Statistics of the United States

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USA Customs Brokerage Industry Segmentation

Customs brokerage firms facilitate the shipment and delivery of goods across geographical borders for individuals and organizations.

The United States customs brokerage market is segmented by mode of transport sea, air, and cross-border land transport. 

The report offers market size and forecasts in values (USD) for all the above segments.

By Mode of Transport
Sea
Air
Cross-border Land Transport
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USA Customs Brokerage Market Research FAQs

The USA Customs Brokerage Market size is expected to reach USD 5.17 billion in 2024 and grow at a CAGR of 4.95% to reach USD 6.59 billion by 2029.

In 2024, the USA Customs Brokerage Market size is expected to reach USD 5.17 billion.

United Parcel Service Inc., FedEx Corporation, Deutsche Post DHL group, Livingston International and Expeditors International are the major companies operating in the USA Customs Brokerage Market.

In 2023, the USA Customs Brokerage Market size was estimated at USD 4.91 billion. The report covers the USA Customs Brokerage Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the USA Customs Brokerage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

USA Customs Brokerage Industry Report

Statistics for the 2023 US Customs Brokerage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Customs Brokerage analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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United States Customs Brokerage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)