Digital Freight Matching Market Research Report — Global Forecast till 2032

Digital Freight Matching Market Research Report Information By Service (Freight Matching Services and Value Added Services), By Platform (Web-Based and Mobile-Based), By Industry (Food & Beverages, Retail & E-Commerce, Manufacturing, Oil & Gas, Automotive, Healthcare, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/16244-HCR | 128 Pages | Author: Sejal Akre | March 2024         

Global Digital Freight Matching Market Overview


Digital Freight Matching Market Size was valued at USD 28.6 Billion in 2022. The Digital Freight Matching market industry is projected to grow from USD 37.80 Billion in 2023 to USD 352.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 32.20% during the forecast period (2023 - 2032). Increased demand for real-time visibility and transparency in supply chain operations and the need for improved operational efficiency and cost-effectiveness in logistics are the key market drivers enhancing the market growth.


Digital Freight Matching Market Overview


Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review


Digital Freight Matching Market Trends




  • Growing demand for real-time visibility and transparency in supply chain operations is driving the market growth




Market CAGR for Automated freight matching is being driven by the rising demand for real-time visibility and transparency in supply chain operations. As businesses strive for greater efficiency, cost-effectiveness, and responsiveness in their logistics processes, DFM emerges as a solution that leverages technology to optimize freight matching and enhance overall supply chain visibility and performance.


Real-time visibility allows shippers and carriers to track the movement of goods and monitor various aspects of the supply chain, inclusive of inventory levels and transportation status. Automated freight matching leverages this data to efficiently match available carriers with shipments, optimizing routes and reducing idle time, ultimately leading to more efficient resource utilization. Transparency in supply chain operations minimizes uncertainties and delays. DFM platforms utilize real-time data to provide accurate and up-to-date information on the location and teh status of shipments. This reduces the chances of operational inefficiencies, such as late deliveries or missed connections, contributing to a smoother and more reliable supply chain. Real-time visibility enables stakeholders to make informed decisions based on current conditions. Digital freight matching platforms leverage this visibility to facilitate quick and data-driven decisions in selecting carriers, optimizing routes, and managing unexpected disruptions. This agility is crucial in the dynamic and fast-paced logistics environment. The demand for real-time visibility aligns with the expectations of customers who increasingly seek transparency in the movement of their goods. DFM platforms that provide accurate, real-time tracking information contribute to higher customer satisfaction by offering transparency and predictability in delivery timelines.


Visibility into the supply chain allows for better cost management. By leveraging Automated freight matching, companies can optimize routes, consolidate shipments, and make more informed decisions about transportation modes. This optimization contributes to cost savings, making the overall logistics process more economical. Real-time visibility enables supply chain stakeholders to adapt quickly to changes in market conditions, demand fluctuations, or unexpected disruptions. DFM platforms, by leveraging this visibility, facilitate the rapid adjustment of transportation plans and reallocation of resources to meet changing business requirements. The surging use of Internet of Things (IoT) devices and telematics in transportation provides real-time data on factors such as vehicle location, condition, and performance. Digital freight matching platforms integrate this data to enhance visibility, allowing for a more comprehensive understanding of the supply chain and enabling better decision-making. Thus driving the Digital Freight Matching market revenue.


Digital Freight Matching Market Segment Insights


Digital Freight Matching Service Insights


The Digital Freight Matching Market segmentation, based on service, includes Freight Matching Services and Value-Added Services. The freight matching services segment dominates the market, accounting for the largest market revenue by leveraging advanced technology to connect shippers with carriers efficiently, streamlining the logistics process. These platforms utilize algorithms and machine learning to match available freight with suitable carriers based on various factors such as location, capacity, and delivery timelines, reducing empty miles and optimizing overall supply chain efficiency. The real-time visibility, cost-effectiveness, and enhanced communication offered by freight matching services position them as a transformative force in the logistics industry, attracting widespread adoption and market dominance.


Figure 1: Digital Freight Matching Market, by Service, 2022 & 2032 (USD Billion)


Digital Freight Matching Market, by Service, 2022 & 2032


Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review


Digital Freight Matching Platform Insights


The Digital Freight Matching Market segmentation, based on platform, includes Web-Based and Mobile-Based. The mobile-based category dominates the market by providing real-time connectivity and accessibility to shippers and carriers. These platforms leverage mobile applications to streamline the freight matching process, allowing for instant communication and coordination between freight providers and those in need of transportation services. The convenience, efficiency, and agility offered by mobile-based solutions make them a preferred choice in the rapidly evolving landscape of Automated freight matching.


Digital Freight Matching Industry Insights


The Digital Freight Matching Market segmentation, based on industry, includes Food and beverages, Retail and e-commerce, Manufacturing, Oil and gas, Automotive, Healthcare, and Others. The food & beverages category dominates the market due to its reliance on efficient and timely transportation of perishable goods. Automated freight matching platforms offer real-time visibility, optimization, and automation, addressing the industry's need for precise and time-sensitive deliveries. By leveraging these platforms, the Food and beverages sector can enhance supply chain visibility, reduce costs, and streamline logistics operations, making it a key driver in the adoption and dominance of digital freight matching solutions. Further, retail & e-commerce are foreseen to experience the fastest growth due to rising access to the internet and smartphones.


Automated freight matching Regional Insights


By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. The North American Digital Freight Matching market area dominates this market, the region's vast and complex logistics network, where the demand for real-time visibility, cost efficiency, and streamlined freight operations has intensified. The growing e-commerce sector, increasing expectations for transparency in supply chains, and the need for agile and technologically advanced logistics solutions contribute to the expansion.


Further, the prime countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.


Figure 2: Digital Freight Matching Market Share By Region 2022 (Usd Billion)


DIGITAL FREIGHT MATCHING MARKET SHARE BY REGION 2022


Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's Digital Freight Matching market accounts for the second-largest market share due to the increasing emphasis on logistics efficiency, cost optimization, and sustainability, prompting a growing demand for technology solutions. Further, the German Digital Freight Matching market held the largest market revenue share, and the UK Digital Freight Matching market was the fastest-growing market in the European region.


The Asia-Pacific Digital Freight Matching Market is expected to grow at the fastest CAGR from the year 2023 to 2032. This is because of the region's rapid economic growth, increasing e-commerce activities, and a growing emphasis on logistics efficiency through technology adoption. Moreover, China’s Digital Freight Matching market held the largest market share, and the Indian Digital Freight Matching market was the fastest-growing market in the Asia-Pacific region.


Digital Freight Matching Key Market Players & Competitive Insights


Leading market players are investing heavily in the research and development in order to expand their product lines, which will help the Digital Freight Matching market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Digital Freight Matching industry must offer cost-effective items.


Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Digital Freight Matching industry to benefit the clients and increase the market sector. In recent years, the Digital Freight Matching industry has offered some of the most significant advantages to the automotive industry. Major players in the Digital Freight Matching market, including Uber Freight, C.H. Robinson Worldwide, Inc., Redwood, XPO, Inc., Convoy, Inc., Freight Technologies Inc., Freight Tiger, Cargomatic Inc., Roper Technologies Inc., Loadsmart, and others, are trying to increase market demand by investing in the research and development operations.


C.H. Robinson is a global logistics and transportation services company headquartered in Eden Prairie, Minnesota. Established in 1905, the company has evolved into a key market players in the supply chain industry. C.H. Robinson operates as a third-party logistics (3PL) provider, offering a wider range of services, including freight transportation, logistics solutions, sourcing, and technology-driven supply chain management. With a vast network of carriers, suppliers, and customers, C.H. Robinson facilitates the movement of goods across various industries worldwide. The company leverages advanced technology platforms to enhance supply chain visibility, optimize routes, and provide real-time tracking, aligning with the evolving needs of the logistics industry. In 2022, C.H. Robinson and JDA Software announced a partnership to integrate C.H. Robinson's Freightquote platform with JDA's Transportation Management System (TMS). The partnership will enable shippers to book freight with C.H. Robinson seamlessly from within their JDA TMS.


E2open is a global supply chain management software and technology company that specializes in providing end-to-end visibility, collaboration, and optimization solutions. Headquartered in Austin, Texas, E2open offers a cloud-based platform that enables businesses to connect, analyze, and execute their supply chain processes in real time. The company's solutions encompass a wide range of capabilities, including supply chain planning, execution, and collaboration, allowing organizations to enhance operational efficiency and respond more effectively to market dynamics. E2open caters to various industries, such as manufacturing, retail, pharmaceuticals, and logistics, helping clients streamline their supply chain operations, minimized costs, and improve overall supply chain resilience. In 2023, E2open and Transplace announced a partnership to integrate E2open's Smart Global Network with Transplace's TMS. The partnership will enable shippers to access Transplace's extensive network of carriers and capacity through E2open's platform.


Key Companies in the Digital Freight Matching market include



  • Uber Freight

  • H. Robinson Worldwide, Inc.

  • Redwood

  • XPO, Inc.

  • Convoy, Inc.

  • Freight Technologies Inc.

  • Freight Tiger

  • Cargomatic Inc.

  • Roper Technologies Inc.

  • Loadsmart


Digital Freight Matching Industry Developments


June 2023: Uber Freight announced a partnership with Transplace, a leading transportation management system (TMS) provider. The partnership will integrate Uber Freight's Automated freight matching platform with Transplace's TMS, giving shippers and carriers seamless access to a wider network of freight opportunities.


July 2023: Convoy announced a partnership with J.B. Hunt Transport Services, one of the biggest trucking companies in North America. The partnership will make J.B. Hunt's capacity available to Convoy's shippers, giving them access to a more reliable and efficient network of carriers.


August 2023: Loadsmart announced a partnership with CEVA Logistics, a global supply chain management company. The partnership will integrate Loadsmart's Automated freight matching platform with CEVA Logistics' transportation management system, giving CEVA's customers access to a wider network of freight opportunities.


Digital Freight Matching Market Segmentation


Digital Freight Matching Service Outlook



  • Freight Matching Services

  • Value-Added Services


Digital Freight Matching Platform Outlook



  • Web-Based

  • Mobile-Based


Digital Freight Matching Industry Outlook



  • Food & Beverages

  • Retail & E-Commerce

  • Manufacturing

  • Oil & Gas

  • Automotive

  • Healthcare

  • Others


Digital Freight Matching Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 28.6 Billion
Market Size 2023 USD 37.80 Billion
Market Size 2032 USD 352.7 Billion
Compound Annual Growth Rate (CAGR) 32.30% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Service, Platform, Industry, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil
Key Companies Profiled Uber Freight, C.H. Robinson Worldwide, Inc., Redwood, XPO, Inc., Convoy, Inc., Freight Technologies Inc., Freight Tiger, Cargomatic Inc., Roper Technologies Inc., Loadsmart
Key Market Opportunities ·       Integration of blockchain technology to enhance transparency, security, and traceability throughout the supply chain.
Key Market Dynamics ·       Increased demand for real-time visibility and transparency in supply chain operations.




Frequently Asked Questions (FAQ) :

The Digital Freight Matching Market size was valued at USD 28.6 Billion in 2022.

The global market is foreseen to rise at a CAGR of 32.20% during the forecast period, 2023-2032.

North America had the biggest market share of the global market

The prime players in the market are Uber Freight, C.H. Robinson Worldwide, Inc., Redwood, XPO, Inc., Convoy, Inc., Freight Technologies Inc., Freight Tiger, Cargomatic Inc., Roper Technologies Inc., and Loadsmart.

The freight machining services category dominated the market in 2022.

Food & beverages had the biggest share of the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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