Freight and Logistics Market Overview
Freight and Logistics Market Size was valued at USD 14.85 Billion in 2021. The Freight and Logistics market industry is projected to grow from USD 15.08 Billion in 2022 to USD 21.13 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4% during the forecast period (2022 - 2030).
Rise in globalization along with improving the world economy have a positive impact on trade-related activities. The Freight and Logistics Market is witnessing significant growth rate due to evolving market trends such as shifting standard of living among consumers, increased consumer preference for the reduced delivery time, and the procurement of innovative techniques for the fast delivery of products are some of the factors that are driving freight and logistics market. Various technological advancement in the e-commerce industry for delivering products such as drone delivery and driverless vehicle is likely to have a positive impact on freight and logistics.
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Scope of the Report
This study provides an overview of the global freight and logistics market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for Europe, Asia-Pacific, North America, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global freight and logistics market by type, insulation material, component, and region.
The waterways segment is expected to occupy the larger share of the global freight and logistics market: MRFR
By shipping type, the global freight and logistics market has been segmented into airways, railways, roadways, and waterways. Shipping goods through waterways is cheapest mode of tranportation and also ships can carry large volume of bulky goods. So, The waterways segment is expected to hold largest market share and will show highest growth rate.
The warehousing segment is expected to hold the largest share of the global freight and logistics market: MRFR
Based on service, the global freight and logistics industry report is segmented into inventory management, packaging, warehousing, transportation, distribution, custom clearance, and other. The warehousing segment holds the dominant share and will continue its dominance during the forecast period. The higher demand is attributed due to growing e-commerce and retail industry.
The manufacturing & construction segment among the end-use industry is expected to dominate in terms of growth rate the global freight and logistics market: MRFR
Based on end-use industry, the market has been segmented as energy & utilities, trade and transportation, government and public utilities, healthcare, manufacturing & construction, retail, media and entertainment, banking and financial services, telecommunication & information technology, and others. The manufacturing & construction segment holds largest market share this is attributed to growing import export of electrical machinery and equipment, automobile parts, medical apparatus, and others.
Asia-Pacific is expected to register the largest share in the freight and logistics market during the forecast period: MRFR
Based on region, the freight and logistics market has been segmented into Europe, Asia-Pacific, North America, South America, and the Middle East & Africa. In 2018, Asia-Pacific dominated the market in terms of growth rate, higher growth is attributed to the growing e-commerce sector in emerging countries such as China, India, and others.
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Key Players
The Prominent Players in the Global Freight And Logistics Market include DB Schenker Logistics (Germany), Deutsche Post DHL (Germany), The Maersk Group (Germany), C.H. Robinson (US), Dsv Global Transports and Logistics (Denmark), Kuehne+ Nagel (Switzerland), Panalpina (Switzerland), FedEx Corp. (US), Walmart Group (US), United Parcel Service (US), Nippon Express (Japan), and other prominent players
By Shipping Type
Airways
Railways
Roadways
Waterways
By Service
Inventory Management
Packaging
Warehousing
Transportation
Distribution
Custom Clearance
Other
Others
By Region
North America
Asia-Pacific
Europe
Middle East & Africa
South America
By End-Use Industry
Energy & Utilities
Trade and Transportation
Government and Public Utilities
Healthcare
Manufacturing & Construction
Retail
Media and Entertainment
Banking and Financial Services
Telecommunication & Information Technology
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