USA Customs Brokerage Market Size (2024 - 2029)

The United States customs brokerage market is experiencing steady growth, driven by an increasing number of entries processed by US Customs and Border Protection due to rising imports. The market's expansion is fueled by the evolving trade environment and the growing complexity of compliance requirements, which enhance the demand for customs brokerage services. Despite the competitive landscape with numerous brokers, major players hold a significant portion of the market share. Companies in this sector are focusing on research and development to improve customs clearance processes and are exploring technologies like blockchain to gain a competitive advantage.

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Market Size of USA Customs Brokerage Industry

USA Customs Brokerage Market Summary
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

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 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 Size Summary

The United States customs brokerage market is experiencing steady growth, driven by an increase in imports and the complexity of compliance requirements. The market is characterized by a competitive landscape with numerous brokers operating, particularly along the borders. Major players like United Parcel Service and FedEx Corporation hold significant market shares, while companies are investing in research and development to enhance customs clearance processes. The adoption of blockchain technology is also being explored to streamline operations and improve efficiency. The demand for customs brokerage services is further fueled by the need for timely delivery in manufacturing and the trend towards just-in-time inventories, which necessitate efficient customs clearance.

Maritime freight transport remains the dominant mode for international goods transport, with sea transport driving the majority of customs entries. However, air freight is witnessing faster growth due to rising demand for perishables and just-in-time production. Road freight movement is crucial for economic growth, with cross-border transport between the US and North American partners increasing, supported by agreements like USMCA. The market is fragmented, with many small brokers operating at border ports, while global freight forwarding companies also contribute to the market. Recent acquisitions, such as Kuehne+Nagel's purchase of Farrow, highlight ongoing consolidation and strategic expansion in cross-border capabilities.

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USA Customs Brokerage Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Technological Trends

    3. 1.3 Government Regulations

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Insights on Imports and Custom Brokerage Services by State

    6. 1.6 Brief on Customs Brokerage as a Freight Forwarding Function

    7. 1.7 Review of Customs Brokerage Costs as Percentage of Total Logistics Spend

    8. 1.8 Shipper Insourcing vs. Outsourcing Trends in Customs Brokerage Related Tasks

    9. 1.9 Overview of Customs Pricing

    10. 1.10 Insights on Customs Brokerage Services by End-user Industry

    11. 1.11 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Mode of Transport

      1. 2.1.1 Sea

      2. 2.1.2 Air

      3. 2.1.3 Cross-border Land Transport

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

    1. 3.1 Software

    2. 3.2 Consulting

    3. 3.3 Contract Logistics-based Customs Brokerage

    4. 3.4 Other Related Value-added Services

USA Customs Brokerage Market Size 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.

USA Customs Brokerage Market Report Snapshots

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