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Freight Forwarding & Customs Agents in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Freight Forwarding & Customs Agents Market Research Report | SIC H52.290 | Nov 2016

Delivering change: Revenue is expected to be boosted by the depreciation of the pound

IBISWorld’s Freight Forwarding & Customs Agents market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£18bn
Annual Growth 12-17
2.7%
Annual Growth 17-22
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Profit
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Employment
60,221
Businesses
4,536
Industry Analysis & Industry Trends

The Freight Forwarding and Customs Agents industry provides a range of services that facilitate the transport of goods and equipment, both nationally and internationally. These services include freight forwarding, customs and freight brokerage, stock consolidation and goods-handling operations. Freight forwarders buy transport slots in bulk from road, rail, air and ship freight operators. They then repackage this space into smaller allotments and consolidate loads on behalf of paying clients keen to transport goods. Customs agents act on behalf of their clients to satisfy import and export legislative requirements. Freight volumes, transport costs and the degree of industry competition affect the industry's performance... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry is dominated by small enterprises and has a low level of concentration. The four largest players in the industry are estimated to account for 10.5% of revenue in 2016-17. According to latest estimates from the Office for National Statistics (ONS), 69.4% of enterprises in the industry employ fewer than five people and 12.6% employ between five and nine staff members. In contrast, just 0.8% employed more than 250 people. On average, freight forwarders are larger than customs agents. Industry concentration has decreased over the past five years as a relatively large number of operators have entered the industry. Over the five years through 2016-17, both enterprise and establishment numbers are estimated to grow strongly.

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Industry ProductsRelated ReportsTable of Contents

What is the Freight Forwarding & Customs Agents Industry?

This industry provides support services to freight transport industries. These include freight forwarding, customs and freight brokerage, stock consolidation and goods-handling operations. The industry does not provide passenger transport, tourism activities, courier services or transport insurance.

Industry Products
Freight forwarding Intermodal freight forwardingCustoms brokerageStock consolidationGoods handling
 
Industry Activities
Providing freight forwarding servicesOffering customs brokerageCarrying out stock consolidationOffering goods-handling services


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