NVOCC Aggregator Market Report 2024 (Global Edition)

Global NVOCC Aggregator Market Report 2024 Market Size Split by Technology (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS)), by Product/service Type (Fr...

NVOCC Aggregator Market Report Description

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NVOCC Aggregator Market Insights Video

Competitive Landscape of the NVOCC Aggregator Market

The corporations persistently allocate resources towards research and development endeavors in order to unveil pioneering products and services to the market. In addition, they are concentrating on forming strategic alliances and working together with other industry participants to increase their market share and boost their market presence. In order to broaden their consumer base and enhance their product offerings, these corporations are also concentrating on mergers and acquisitions.

In May 2023, a leading worldwide supplier of master data management software, Stibo Systems, became a Microsoft partner program member, enabling it to develop and offer cloud-based software as a service on Microsoft Azure as an independent software exporter. With Microsoft's help and advice, Stibo Systems enhanced its cloud services. Customers' short- and long-term cloud resource and investment performance is enhanced by this connection. (Source: https://www.stibosystems.com/press-releases/stibo-systems-achieves-microsoft-top-tier-partner-status ) In June 2022, A cloud-native security business called Aqua Security Software Ltd. stated that their cloud-native security software is now generally available as a service (SaaS) from Singapore, serving the larger Asia Pacific and Japan (APJ) area. (Source: https://w.media/aqua-security-announces-the-general-availability-of-cloud-native-saas-in-singapore/ )

Top Companies Market Share in NVOCC Aggregator Industry: (In no particular order of Rank)

• C.H. Robinson Worldwide
• Expeditors
• KUEHNE+NAGEL
• United Parcel Service.
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Regional Analysis of the NVOCC Aggregator Market

Which Region Dominates the NVOCC Aggregator Market in 2024?

According to Cognitive Market Research, North America currently dominates the NVOCC Aggregators market, and the region is expected to have significant growth during the projected period. The increase in e-commerce and the shipper's need for convenience are two elements driving the North American NVOCC aggregator market's projected growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Asia Pacific's NVOCC aggregator market is expanding quickly because of the region's rising trade volumes and the demand for more economical and effective logistics solutions.

The current report Scope analyzes NVOCC Aggregator Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America NVOCC Aggregator

According to Cognitive Market Research, the global NVOCC Aggregator market size was estimated at USD 10524.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4209.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the NVOCC Aggregator market with a market size of USD 3321.53 million in 2024 and is projected to grow at a CAGR of 14.5% during the forecast period. US-based NVOCC aggregators are expanding their operations to other regions to capitalize on growing international trade.
• The Canada NVOCC Aggregator market had a market share of USD 505.18 million in 2024 and is projected to grow at a CAGR of 15.5% during the forecast period. The rise of e-commerce in Canada has led to a surge in cross-border shipments.
• The Mexico NVOCC Aggregator market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 383.09 million in 2024.

Europe NVOCC Aggregator

According to Cognitive Market Research, the global NVOCC Aggregator market size was estimated at USD 10524.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3157.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.

• The United Kingdom NVOCC Aggregator market had a market share of USD 530.43 million in 2024 and is projected to grow at a CAGR of 15.8% during the forecast period. The growth of online shopping has driven demand for international shipping services.
• The France NVOCC Aggregator market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD 290.48 million in 2024.
• According to Cognitive Market Research, the German NVOCC Aggregator market size was valued at USD 625.16 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. Germany's strong economy and growing export market have contributed to the expansion of the NVOCC aggregator market.
• The Italy NVOCC Aggregator market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 271.53 million in 2024.
• The Russia NVOCC Aggregator market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 489.39 million in 2024.
• The Spain NVOCC Aggregator market is projected to witness growth at a CAGR of 14.1% during the forecast period with a market size of USD 258.90 million in 2024
• The Luxembourg NVOCC Aggregator market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 97.88 million in 2024.
• The Portugal NVOCC Aggregator market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 66.30 million in 2024.
• The Greece NVOCC Aggregator market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 37.89 million in 2024.
• The Rest of Europe's NVOCC Aggregator market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 489.39 million in 2024.

Asia Pacific NVOCC Aggregator

According to Cognitive Market Research, the global NVOCC Aggregator market size was estimated at USD 10524.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2420.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.5% from 2024 to 2031.

• According to Cognitive Market Research, the China NVOCC Aggregator market size was valued at USD 1089.29 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. China's growing economy has led to a surge in international trade, creating a demand for efficient and cost-effective logistics solutions.
• The Japan NVOCC Aggregator market is projected to witness growth at a CAGR of 17.0% during the forecast period, with a market size of USD 334.05 million in 2024.
• The India NVOCC Aggregator market had a market share of USD 290.48 million in 2024 and is projected to grow at a CAGR of 20.3% during the forecast period. India is still in its early stages, but it is experiencing rapid growth due to the increasing volume of international trade.
• The South Korean NVOCC Aggregator market is projected to witness growth at a CAGR of 17.6% during the forecast period, with a market size of USD 242.06 million in 2024.
• The Australian NVOCC Aggregator market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 125.87 million in 2024.
• The Southeast Asia NVOCC Aggregator market is projected to witness growth at a CAGR of 19.5% during the forecast period, with a market size of USD 167.02 million in 2024.
• The Rest of Asia Pacific NVOCC Aggregator market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 171.87 million in 2024.

South America NVOCC Aggregator

According to Cognitive Market Research, the global NVOCC Aggregator market size was estimated at USD 10524.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 526.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil NVOCC Aggregator market size was valued at USD 225.22 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. The rise of e-commerce in Brazil has significantly increased the demand for international shipping services.
• Argentina's NVOCC Aggregator market had a market share of USD 88.41 million in 2024 and is projected to grow at a CAGR of 16.8% during the forecast period. Argentina's economic growth, particularly in sectors like agriculture and manufacturing.
• Colombia NVOCC Aggregator market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 46.83 million in 2024.
• Peru NVOCC Aggregator market is projected to witness growth at a CAGR of 16.1% during the forecast period, with a market size of USD 43.15 million in 2024.
• Chile NVOCC Aggregator market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 37.89 million in 2024.
• The Rest of Latin America's NVOCC Aggregator market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 84.72 million in 2024.

Middle East and Africa NVOCC Aggregator

According to Cognitive Market Research, the global NVOCC Aggregator market size was estimated at USD 10524.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 210.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031..

• The GCC Countries NVOCC Aggregator market is projected to witness growth at a CAGR of 17.0% during the forecast period, with a market size of USD 90.09 million in 2024. The GCC region has witnessed a steady increase in trade volume.
• The Egypt NVOCC Aggregator market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 22.10 million in 2024.
• The South Africa NVOCC Aggregator market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 33.26 million in 2024. South Africa's growing economy, coupled with its strategic geographic location.
• The Turkey NVOCC Aggregator market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 18.10 million in 2024.
• The Nigeria NVOCC Aggregator market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 22.10 million in 2024.
• The Rest of the MEA NVOCC Aggregator market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 24.84 million in 2024.

NVOCC Aggregator Market Analysis

NVOCC Aggregator Market Technology Segment Analysis

According to Cognitive Market Research, Software-as-a-Service (SaaS) is likely to dominate the NVOCC Aggregator Market over the forecast period. In order to properly compete and offer value to their consumers, NVOCC aggregators need to have access to SaaS systems. We should anticipate further development and innovation in this area as the sector continues to change.

The Platform-as-a-Service (PaaS) is the fastest-growing segment in the NVOCC Aggregator Market. PaaS systems can give aggregators a useful infrastructure to increase productivity, optimize processes, and boost consumer satisfaction. Furthermore, drivers are essential to the actual transportation of freight since they guarantee on-time delivery and adherence to laws.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of NVOCC Aggregator Industry. Request a Free Sample PDF!

NVOCC Aggregator Market Product/service Type Segment Analysis

According to Cognitive Market Research, the Freight Forwarding Services segment holds the largest share of the market. In order to provide their clients with a wider choice of services, NVOCC aggregators frequently collaborate with freight forwarders. Aggregators give freight forwarders access to a larger range of shipping choices and may even help them bargain for lower prices.

In the NVOCC Aggregator Market, the Customs Brokerage Services sector has been expanding at a rapid pace. The customs brokerage services, along with drivers, provide an essential network that facilitates international trade. Businesses may improve customer happiness, cut expenses, and optimize their supply chains by knowing their responsibilities and interactions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

NVOCC Aggregator End-use industry Segment Analysis

NVOCC Aggregator Market End Use Industry Segment Analysis

According to Cognitive Market Research, the Retail segment holds the largest market share. The NVOCC aggregator market is largely driven by the retail sector. Retailers frequently deal with a significant amount of small shipments, especially those in the e-commerce industry. By combining these shipments into bigger containers, NVOCC aggregators offer an affordable option by lowering transportation expenses.

In the NVOCC Aggregator market, the rapidly growing sector is the Pharmaceuticals category. Strict temperature controls are frequently needed for pharmaceuticals during transit, which can be difficult for smaller shippers to comply with. NVOCC aggregators can provide specific tools and services that guarantee accurate temperature maintenance.

• Retail
• Manufacturing
• Automotive
• Pharmaceuticals
• Consumer Electronics
• Food and Beverage
• Others

NVOCC Aggregator Application Segment Analysis

NVOCC Aggregator Market Application Segment Analysis

According to Cognitive Market Research, the Large Enterprise service segment dominates the market. Large enterprises are increasingly recognizing the benefits of partnering with NVOCC aggregators to optimize their supply chains and achieve cost savings.

SMEs are projected to be the fastest-growing segment in the NVOCC Aggregator market. SMEs often struggle with complex logistics processes. NVOCC aggregators handle all the paperwork, customs clearance, and documentation, reducing the administrative burden on SMEs.

• SME's
• Large Enterprise
• Multinational Corporations

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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