ID: MRFR/PNT/7226-HCR | February 2021 | Region: Global | 107 pages
Market Synopsis: Global Freight and Logistics Market
Freight and logistics are the processes of transporting commodities and goods by trucks, railroad cars and large ships carrying containers and planes. Each region is involved in the import and export of goods, a rise in trade and transportation will likely create lucrative opportunities for the freight and logistics industry. Increasing global trade activities in the emerging economies, rise in trade-related agreements along with global logistics infrastructure and technological advancements in the logistics industry for fast delivery and supply chain are key growth driving factors for freight and logistics market. The global market is highly competitive with the presence of a considerable number of market players, the companies in the logistics industry are focusing on innovation in supply chain management and improving the delivery of goods.
For instance, In October 2019 FedEx Express package launched the first commercial drone-delivery service to residences in US.
Recently, in 2019, DHL Group have invested nearly USD 137 Mn at cologne-Bonn airport for new logistics. The new 15,000 sq m logistics center featured with cutting edge sorting technology and an innovative system to heat and cool the warehouse and offices. Also, the DHL Group has announced the USD 2.2 billion in digitalization through 2025.
Global Freight and Logistics Market was valued at USD 13.2 Bn in 2018, and it expected to grow with CAGR of 3.5% during the forecast period.
Global Freight & Logistics Market: Regional Analysis
The Global Freight and Logistics Market has been segmented, based on region, into Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. Asia-Pacific holds the largest market share in 2018 and is expected to maintain its dominancy during the forecast period. The market growth is attributed e-commerce and retail sector in emerging counties such as India, China and Others. As per Indian Brand Equity Foundation (IBEF), the e-commerce sector is growing more than 50% growth rate annually and will reach USD 200 billion by 2026. Europe is the home to various multinational brands, such Deutsche Post DHL Kuehne+ Nagel, The Maersk Group, DB Schenker Logistics, Dsv Global Transports and Logistics, and Panalpina. So, this region holds the second largest market share in global freight and logistic market.
Global Freight and Logistics Market: Segmentation
The global freight and logistics Industry has been segmented based on shipping type, service end-use industry, and region. By shipping type, the global freight & logistics market has been segmented into airways, railways, roadways, and waterways. The waterways segment is expected to hold largest market share and will show highest growth rate, this is attributed to growing cold chain logistics and grwoing demand for perisable foods. Based on service, the global freight and logistics market is segmented into inventory management, packaging, warehousing, transportation, distribution, custom clearance, and other. The warehousing segment holds the dominant share, this is attributed to the growing cold chain logistics infrastructure. 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.
The Key Players in the Global Freight and Logistics Industry are Dsv Global Transports and Logistics (Denmark), Kuehne+ Nagel (Switzerland), The Maersk Group (Germany), Deutsche Post DHL (Germany), DB Schenker Logistics (Germany), C.H. Robinson (US), Panalpina (Switzerland), United Parcel Service (US), FedEx Corp. (US), Walmart Group (US), Nippon Express (Japan), and other prominent players.
Frequently Asked Questions (FAQ) :
Global freight and logistics market is projected to grow at approximately 3.5 % CAGR during the assessment period (2019-2025).
Global freight and logistics market had created a valuation of around USD 13.2 BN in 2018.
By shipping type, the waterways segment,by service, the warehousing segment, and by end-use industry, the manufacturing & construction segment holds the majority of market share in the global freight and logistics market.
Asia Pacific holds the largest sharein the global freight and logistics market, followed by Europe andNorth America, respectively.
DB Schenker Logistics (Germany), Nippon Express (Japan), C.H. Robinson (US), Deutsche Post DHL (Germany), The Maersk Group (Germany), United Parcel Service (US), Dsv Global Transports and Logistics (Denmark), Walmart Group (US), Kuehne+ Nagel (Switzerland), FedEx Corp. (US), and Panalpina (Switzerland), are some of the top players operating in the global freight and logistics market.