Freight and Logistics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

The Frieght and Logistics Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.

The report is segmented into mode of transport, application, end-user. By mode of transort the market is segmented into Airways, Railways, Roadways, Waterways. By application, the market is segmented into Inventory Management, Packaging, Warehousing, Transportation, Distribution, Others. Based on End-user, the market is segmented into Energy and Utilities, Retail, Manufacturing and Construction, Healthcare, Trade and Transportation, IT and Telecom, Others)

Purpose of the Report

The report Frieght and Logistics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

• Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
• Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
• Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Frieght and Logistics Market Segmentation

By mode of transort

• Airways
• Railways
• Roadways
• Waterways;

Application

• Inventory Management
• Packaging
• Warehousing
• Transportation
• Distribution
• Others

End-user

• Energy and Utilities
• Retail
• Manufacturing and Construction
• Healthcare
• Trade and Transportation
• IT and Telecom
• Others

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Frieght and Logistics Market Growth Drivers

• Rising growth of the e-commerce Industry: along with surge in the international trade activities drives the frieght and logistics market growth during the forecast period. The e-commerce sector mostly depends on frieght and logistics to manage the goods deliveries to the end customers. The increased demand for online shopping across the globe, along with the surge in internet penetration across the globe, is a major driving factor for the frieght and logistics market growth during the forecast period. The e-commerce industry sales in the US reached around US$ 1.119 trillion in 2023, increased by 7.6% compared to US$ 1.03 trillion in 2022. Meanwhile, retail e-commerce sales reached US$ 5.088 trillion in 2023, increased by 3.8% compared with US$ 4.904 trillion in 2022. This rapid growth in the e-commerce industry, owing to the growing number of e-commerce consumers across the globe, drives the frieght and logistics market growth during the forecast period. With the continuous expansion of the e-commerce sector, the demand for last-mile delivery logistic services also increased. The major sectors that drive the logistic services market growth include retail, pharmaceuticals, food & beverages. Moreover, fast-moving consumer goods sector products are also majorly contributing to the growth of the frieght and logistics market growth during the forecast period.
• Adoption of Last-Mile Delivery: E-commerce growth has increased the demand for last-mile delivery solutions, which involve the transportation of goods from a central hub to the final consumer. This has led to the rise of technologies such as drone deliveries, autonomous vehicles, and smart logistics platforms to improve delivery speed, reduce costs, and enhance customer satisfaction.

Frieght and Logistics Market Future Trends

• Adoption of Advanced technology: Increasing adoption of advanced technology-based telematic solutions by logistics companies is driving the frieght and logistics market growth. The frieght and logistic services offers several benefits in their operations such as real-time tracking, parcel tracking and monitoring, inventory management, and warehouse planning is expected to drive the logistic services market growth. The global frieght and logistics market is highly fragmented owing to the surge in the rapid advancement of the e-commerce industry at a rapid pace.
• Growing usage of Internet of Things (IoT): IoT is revolutionizing the logistics industry by providing real-time tracking of goods, vehicles, and assets. Sensors embedded in containers, trucks, and cargo allow companies to monitor the condition of goods during transit, ensuring their safety and reducing the likelihood of loss or damage.

Frieght and Logistics Market Opportunities

• Increasing rapid digitization and surge in the adoption of automation: The rise in usage of automation in logistics sector is expected to ample opportunity for the frieght and logistics market growth. The frieght and logistics sector is responsible for the management of the supply chain in the manufacturing sector. It involves the transportation of goods, services, and related products by roadways, waterways and airways. The frieght and logistics industry is experiencing a significant demand with rapid digitization and adoption of automation. Frieght and logistic services providers are increasingly adopting technologies such as artificial intelligence, the internet of Things (IoT), Machine learning, and robotics to streamline logistic operations an improve transportation efficiency. This includes warehouse automation, robotics implementation, predictive analysis, autonomous vehicles, and others.
• Expansion of Ports and Airports: The development and expansion of ports, airports, and rail hubs are crucial to facilitating global trade and ensuring smooth freight movement. New port facilities and modernized infrastructure in major trading hubs improve cargo handling efficiency, reduce turnaround times, and accommodate growing shipping traffic.

Freight and Logistics Market Regional Insights

The regional trends and factors influencing the Freight and Logistics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Freight and Logistics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Freight and Logistics Market Report Scope

Freight and Logistics Market Players Density: Understanding Its Impact on Business Dynamics

The Freight and Logistics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Freight and Logistics Market are:

1. A.P. Moller
2. Maersk
3. C.H. Robinson
4. CEVA Logistics
5. DB Schenker

Disclaimer: The companies listed above are not ranked in any particular order.

Key Selling Points

• Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Frieght and Logistics Market, providing a holistic landscape.
• Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
• Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
• Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Frieght and Logistics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.