1 Global NVOCC Aggregator Market Insight Analysis
The global NVOCC aggregator market is valued at USD 99,286 million in 2024, with a CAGR of 13% from 2024 to 2033.
An NVOCC Aggregator is defined as an agent or company that organizes shipments of goods from the source to the destination port without owning any vessels. These aggregators play a crucial role in the logistics industry by consolidating goods and arranging carriers for shippers. They provide a wide range of services including booking, bill of lading creation, customs filing, tracking, and accounting for both full container load (FCL) and less-than-container load (LCL) shipments.
Figure Global NVOCC Aggregator Market Size (M USD) and CAGR (2024-2033)
2 NVOCC Aggregator Market Growth Drivers and Restraints
Globalization and trade development: The process of globalization has driven companies to expand into the global market, and complex logistics needs have brought opportunities to NVOCC Aggregator. By cooperating with NVOCC, companies can obtain simplified logistics processes, preferential transportation prices and personalized services. In addition, global trade demand continues to grow, with global trade volume reaching a record high in 2021, and bilateral, regional and multilateral trade agreements continue to emerge, such as the UAE signing economic partnership agreements with many countries, and China and the United Kingdom actively applying to join the CPTPP, all of which have stimulated the growth of NVOCC Aggregator market demand.
The rise of cross-border e-commerce: In recent years, the scale of global e-commerce has expanded rapidly, and the penetration rate of cross-border e-commerce has continued to rise during the epidemic. The development of cross-border e-commerce has benefited from factors such as cross-regional circulation demand for products, cost advantages, precise market positioning and product quality. This has created a new business growth point for NVOCC Aggregator, because the transportation of goods for cross-border e-commerce cannot be separated from the professional services of NVOCC, which has promoted the increase in demand for container transportation, thereby promoting the development of the NVOCC Aggregator market.
Driven by technological innovation: Innovative IT technologies such as cloud computing have been widely used in the NVOCC industry, optimizing the use of information resources and reducing operating costs. Through the SaaS model, cloud computing provides services such as fleet management, document management, and maintenance management for the shipping industry. In addition, the application of intelligent container tracking technology enables NVOCC to manage container allocation more effectively, improve service quality and operational efficiency, attract more customers, and promote market growth.
Container freight rate fluctuations: Global crude oil price fluctuations and uncertainty in container supply and demand have led to significant fluctuations in container freight rates. This has put financial pressure on NVOCC Aggregators, affecting their cost control and profitability. For example, in 2021, the shortage of containers was serious, port operating efficiency declined, cargo handling and customs clearance time was extended, while new container prices soared, leasing rates rose, and NVOCC Aggregator operating costs increased significantly, hindering the development of the market.
Shortage of professional talents: The logistics market is highly competitive, and the demand for professional talent teams is increasing. The NVOCC Aggregator industry needs high-quality talents with management and technical capabilities, but the absorption and cultivation of talents takes time. As the market scale expands, the problem of talent shortage becomes more prominent. The rapid update of modern logistics management concepts and technologies has further increased the difficulty of training professional talents and restricted the development of the industry.
Policy and market uncertainty: The NVOCC Aggregator industry is strictly regulated by the policies of various countries, and policy changes may have an adverse impact on the market. In addition, factors such as uncertainty in the global economic situation and geopolitical conflicts will also interfere with the stable development of the market. For example, regional conflicts may affect the safety and operational efficiency of shipping routes, leading to transportation obstructions and rising costs, and suppressing market demand.
3 Technological Innovations in the NVOCC Aggregator Market
Application of cloud computing: Cloud computing plays a key role in the NVOCC Aggregator market. It helps enterprises optimize the use of information resources, reduce operating costs, and provide a variety of services to the shipping industry through the SaaS model, such as fleet management, document management, maintenance management, and ship status reporting. Using cloud computing technology, NVOCC Aggregator can process business data more efficiently, improve operational efficiency, provide customers with better services, and enhance market competitiveness.
Intelligent container tracking technology: The application of intelligent container tracking technology enables NVOCC Aggregator to obtain the location and status information of containers in real time and realize effective management of container allocation. This not only improves the transparency and traceability of cargo transportation, but also helps enterprises predict and solve potential problems in advance, optimize logistics processes, improve customer satisfaction, and win advantages for enterprises in market competition.
Trend of digital transformation: With the advent of the digital age, the NVOCC Aggregator industry is gradually transforming to digitalization. Enterprises use digital means to improve cargo tracking capabilities and transportation efficiency, use big data analysis to optimize transportation routes and predict demand, and use artificial intelligence technology to achieve intelligent decision-making and automated operations. Digital transformation helps enterprises reduce costs, improve service quality, and adapt to new market development needs.
Rhenus acquires Freight Logistics: In 2019, Rhenus acquired Freight Logistics, an international freight forwarding and logistics solutions provider headquartered in Miami. Freight Logistics has an integration center in Miami and offices in Argentina, Brazil and Chile. The acquisition further consolidates Rhenus Air & Ocean’s market position in the Americas and enhances Rhenus’ competitiveness in international transportation and supply chain solutions by integrating resources.
Nippon Express opens Global NVOCC Center: In 2020, Nippon Express opened the Global NVOCC Center to strengthen its ocean freight forwarding business. Through this move, Nippon Express will expand ocean freight as a core business, leverage its business base and customer resources in Japan, further increase its share in the global ocean freight market, and enhance the company’s market influence.
Industry consolidation trend: Corporate mergers and acquisitions are gradually becoming a trend in the NVOCC Aggregator market. Through mergers and acquisitions, companies are able to expand their scale, integrate resources, expand market share, and enhance their competitiveness. For example, Rhenus expanded its business network in the Americas through the acquisition of Freight Logistics, and Nippon Express strengthened its ocean freight business by opening a new center. This integration will help optimize industry resource allocation, improve industry concentration, and promote industry development and upgrading.
4 Global NVOCC Aggregator Market Size by Type
Cloud Base solutions represent a significant and growing segment of the NVOCC Aggregator market. These solutions leverage cloud computing technologies to provide advanced, integrated, and efficient logistics services. In 2024, the Cloud Base segment is projected to have a market value of approximately 32,194 million USD. This segment is characterized by its ability to offer real-time tracking, enhanced data management, and improved operational efficiency through cloud-based platforms.
The market share of Cloud Base solutions in 2024 is expected to be around 32.43% of the total NVOCC Aggregator market. This growth is driven by several factors, including the increasing demand for digital transformation in logistics, the need for more transparent and efficient supply chain management, and the benefits of reduced operational costs. Cloud Base solutions enable NVOCC Aggregators to provide more personalized and responsive services to their clients, which is particularly valuable in a competitive market environment.
Non-Cloud Base solutions continue to dominate the NVOCC Aggregator market, despite the growing popularity of cloud-based technologies. In 2024, the Non-Cloud Base segment is projected to have a market value of approximately 67,091 million USD, accounting for a significant portion of the total market. This segment includes traditional logistics services that do not rely on cloud computing but instead use on premise systems and manual processes.
The market share of Non-Cloud Base solutions in 2024 is expected to be around 67.57%. This segment remains prevalent due to several reasons, including the inertia of existing systems, the preference of some clients for traditional methods, and the higher initial investment required for transitioning to cloud-based solutions. However, the Non-Cloud Base segment is also facing challenges such as increased operational costs, lower efficiency, and the need to compete with more technologically advanced cloud-based solutions.
Table Global NVOCC Aggregator Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Cloud Base | 32194 | 32.43% |
Non-Cloud Base | 67091 | 67.57% |
5 Global NVOCC Aggregator Market Size by Application
The Retail Industry is a major application segment for NVOCC Aggregators, accounting for a substantial portion of the market revenue. In 2024, the market value for the Retail Industry segment is projected to be around 42,042 million USD. This segment includes a wide range of retail businesses, from grocery stores and department stores to online retailers.
Retailers rely heavily on NVOCC Aggregators to ensure reliable and efficient transportation of goods, especially during peak seasons such as holidays and sales events. The market share of the Retail Industry in 2024 is expected to be approximately 42.34% of the total NVOCC Aggregator market. This segment is characterized by high demand for timely delivery, inventory management, and cost-effective logistics solutions.
The Manufacturing Industry is another significant application segment for NVOCC Aggregators. In 2024, the market value for the Manufacturing Industry segment is projected to be around 32,759 million USD. Manufacturers require robust logistics solutions to transport raw materials, components, and finished products across global supply chains.
NVOCC Aggregators play a vital role in this segment by providing customized shipping solutions, ensuring compliance with international trade regulations, and optimizing transportation routes. The market share of the Manufacturing Industry in 2024 is expected to be approximately 32.99% of the total NVOCC Aggregator market. This segment is characterized by the need for flexibility, reliability, and cost efficiency in logistics operations.
Table Global NVOCC Aggregator Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
|---|---|---|
Retail Industry | 42042 | 42.34% |
Manufacturing Industry | 32759 | 32.99% |
Others | 24485 | 24.66% |
6 Global NVOCC Aggregator Market Size by Region
North America is a key region in the NVOCC Aggregator market, with an estimated revenue of $33721 million in 2024. This region accounts for a significant portion of the global market. The development status of the NVOCC Aggregator market in North America is characterized by a well-established logistics infrastructure and a high demand for efficient supply chain solutions. The presence of major players and the increasing adoption of advanced technologies in logistics have further strengthened the market position of NVOCC Aggregators in this region. However, the market also faces challenges such as rising labor costs and regulatory pressures, which require NVOCCs to continuously innovate and optimize their operations to maintain competitiveness.
Europe is another major region in the NVOCC Aggregator market, with a projected revenue of $19449 million in 2024. The European market is characterized by a high level of trade activity and a need for reliable logistics services to support cross-border shipments. The region’s focus on sustainability and carbon neutrality has also driven NVOCC Aggregators to adopt greener transportation solutions, aligning with the global trend towards environmental responsibility. However, the market faces challenges such as economic volatility and regulatory complexities, which necessitate strategic planning and adaptation by NVOCC Aggregators to remain competitive.
Asia is the fastest-growing region in the NVOCC Aggregator market, with an estimated revenue of 38650 million in 2024. The rapid economic growth, increasing trade volumes, and the rise of e-commerce in Asia have created a surge in demand for NVOCC services. Countries like China, India, and Southeast Asian nations are at the forefront of this growth, driven by their expanding manufacturing bases and consumer markets. The region benefits from a large and growing labor force, which supports the logistics and transportation sectors. However, infrastructure gaps and varying levels of economic development across countries pose challenges that NVOCC Aggregators must navigate to fully capitalize on the market opportunities.
South America is expected to generate a revenue of $5506 million in 2024. The region faces unique challenges such as infrastructure limitations and economic volatility, but it also presents opportunities due to its rich natural resources and growing consumer markets. NVOCC Aggregators in South America are focusing on improving logistics efficiency and expanding their service offerings to meet the evolving needs of local and international businesses. The region’s trade agreements and economic integration efforts, such as the Pacific Alliance and Mercosur, are driving cross-border trade and creating demand for reliable logistics solutions.
Africa is a developing market with significant potential, projected to reach a revenue of $1959 million in 2024. The region’s economic growth, urbanization, and increasing trade with other continents are driving the demand for NVOCC services. However, challenges such as infrastructure gaps and regulatory complexities need to be addressed to fully capitalize on the market opportunities. The development of ports and transportation infrastructure, along with efforts to improve trade facilitation, are critical for the growth of the NVOCC Aggregator market in Africa. Additionally, the region’s growing middle class and increasing consumer demand are creating new opportunities for logistics providers to expand their services.
Figure Global NVOCC Aggregator Market Size (M USD) by Region in 2024
7 Global NVOCC Aggregator Market Analysis by Major Players
Kerry Apex Group
Company Profile
Kerry Apex Group is a leading global logistics provider with a diverse business portfolio. Established in 1990, the company has grown to become a significant player in the NVOCC Aggregator market. With a global presence, Kerry Apex Group offers a wide range of supply chain solutions, including integrated logistics, international freight forwarding, industrial project logistics, and cross-border e-commerce. The company’s headquarters are located in Hong Kong, and it operates in multiple regions worldwide.
Business Overview
Kerry Apex Group’s business model is centered on providing comprehensive logistics solutions tailored to meet the needs of various industries. The company excels in organizing shipments from source to destination, leveraging its extensive network and expertise in freight forwarding. Kerry Apex Group is particularly renowned for its volumes from Asia to the United States, handling over 500,000 TEUs in 2020. The company’s services include Full Container Load (FCL) and Less-than-Container Load (LCL) for both import and export, ensuring efficient and reliable transportation for its clients.
Product Offered
Kerry Apex Group offers a suite of products and services designed to streamline the logistics process. Their ocean freight services include FCL and LCL shipments, with advanced tracking capabilities and compliance with international regulations. The company also provides value-added services such as customs brokerage, warehousing, and distribution. Kerry Apex Group’s commitment to technology and innovation ensures that clients benefit from real-time tracking and efficient supply chain management.
Expeditors International
Company Profile
Expeditors International, founded in 1979, is a global logistics company headquartered in Seattle, Washington. The company has built a strong reputation for providing flexible and integrated ocean freight services. Expeditors International operates worldwide, offering a comprehensive range of logistics solutions to meet the diverse needs of its clients. The company’s focus on customer service and operational excellence has positioned it as a leader in the NVOCC Aggregator market.
Business Overview
Expeditors International’s business model emphasizes adaptability and reliability in the logistics industry. The company’s ocean services are designed to be highly customizable, ensuring that clients receive tailored solutions for their shipping needs. Expeditors International maintains a dedicated ocean management team positioned globally to provide local expertise and support. The company’s strategic partnerships with major carriers ensure global coverage, capacity, and competitive rates, making it a preferred choice for clients seeking efficient and reliable logistics services.
Product Offered
Expeditors International offers a wide range of products and services, including Full Container Load (FCL) and Less-than-Container Load (LCL) services. The company’s FCL services include standard and express options, while LCL services offer standard, express, and premium options. Additional services include freight forwarding, consolidation, and delivery management. Expeditors International also provides integrated services such as project cargo management, customs brokerage, warehousing, and distribution. The company’s commitment to technology ensures that clients benefit from advanced tracking and management systems, enhancing overall supply chain efficiency.
C.H. Robinson
Company Profile
C.H. Robinson, established in 1905, is a leading global provider of multimodal transportation services and third-party logistics solutions. The company’s extensive experience and innovative approach have solidified its position as a major player in the logistics industry. C.H. Robinson operates worldwide, offering a comprehensive suite of logistics solutions to meet the diverse needs of its clients. The company’s headquarters are located in Eden Prairie, Minnesota, USA.
Business Overview
C.H. Robinson’s business model focuses on solving complex logistics problems for companies across various industries. The company’s ocean shipping services are designed to provide secure and cost-efficient transportation solutions, even in challenging market conditions. C.H. Robinson excels in managing fluctuating market demands and ensuring agility in supply chain operations. The company’s global suite of services includes ocean, air, customs, and surface transportation, providing clients with a one-stop solution for all their logistics needs.
Product Offered
C.H. Robinson offers a comprehensive range of products and services, including Full Container Load (FCL) and Less-than-Container Load (LCL) services. The company’s FCL services ensure reliable and cost-efficient transportation, while LCL services provide scheduled departures from major ports worldwide. Additional services include drayage, buyer’s consolidation, expedited FCL services, customs brokerage, and marine cargo insurance. C.H. Robinson’s commitment to technology and innovation ensures that clients benefit from advanced tracking and management systems, enhancing overall supply chain efficiency and reliability.