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Freight and Logistics Market Research Report - Global Forecast 2030

Freight and Logistics Market Research Report: by  Shipping Type (Airways, Railways, Roadways, and Waterways), Service (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom Clearance and other), End-Use Industry (Energy & Utilities, Trade and Transportation, Government and Public Utilities, Healthcare, Manufacturing & Construction, Retail, Media and Entertainment, Banking and Financial Services and Telecommunication & Information Technology and others) and Region (North America, Europe, Asia...

ID: MRFR/PNT/7226-HCR | February 2021 | Region: Global | 107 pages

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Freight and Logistics Market Overview



Freight and Logistics Market is projected to be worth USD 21.13 Billion by 2030, registering a CAGR of 4% during the forecast period (2022 - 2030), The market was valued at USD 14.85 billion in 2021.


An increase in the infrastructure and technology created the improvement in the logistics infrastructure and technology improvement. The companies of the logistics to improve the fast delivery of the goods in addition to the innovation supply chain management.


In recent days the increase in the growth in the Asia – Pacific is because of the economic development in the ASEAN countries like China and India is working hard to improve their growth in the industry. In addition to this, their government also provides additional support to improve their standards in economic development.


The world trade has reached its peak of the import and export traffic from china. The freight and logistics industry is trying hard to improve its technology by investing in technology adoption. In future, the development in services like order fulfilment, delivery models, and value-added service can make changes in the growth of the freight and logistics market.


COVID Analysis


After the outbreak of the pandemic, the growth of the freight and logistics market had put down. There were many issues because of the outbreak of the pandemic. Many governments were halted their construction works and implemented lockdown to control the spread of the virus. Because of this, the loss was very high. There was no transportation, shortage of labours, no raw materials were able to supply for the manufacturing companies, delayed delivery. These issues created a drastic change in the freight and logistics market share.


Market Dynamics



  • Crucial Market drivers


 The main reason which is been acting as the driving force which helps in improving the freight and logistics market size is the increase in the global trade. Also, the second one is an increase in trade-related agreements along with the global logistics infrastructure. There are some reason for which the people are using the freight and logistics industry is because of the fast delivery and unbroken gap in the supply chain. The increase in infrastructure and construction is one of the main reasons for the growth of the freight and logistics market value.



  • The market growth opportunities


The fast delivery is one which created a drastic change in the freight and logistics market growth. But later on, the rise of e-commerce also created changes in the market value of freight and logistics. The improvement in e-commerce and digital marketing created some changes to grow their market value. Those changes were done by considering the consumer's needs and expectations. They are fast, free shipping, competitive pricing. All these paved way for the growth of the freight and logistics market.



  • The market restraints


  As everyone knows the outbreak of the pandemic created a drastic change in the market value in the whole world. In freight forwarders, there are some customer's issues while transporting the materials. But in recent days the freight forwarders are working hard to solve all the issues online for the customs brokerage, transportation management solutions are a good move to gain customers satisfaction. By using the digital solution the customer's satisfaction is decreased because of the delayed delivery, not providing the order with the customer's satisfaction. So these are been a major restraint in the freight and logistics market.



  • The market challenge


The main challenge is to regain the market value after the COVID spread all over the world. Because of the spread, the freight and logistics market was at a great loss. As they were struggling to deliver their materials and gain the satisfaction of the customers. And even they were not able to transport the goods from one place to the other because of the COVID restrictions. After the lockdown releases, the freight and logistics market struggled to regain its position its place again.


Cumulative growth analysis


At the initial time after the spread of the COVID, transportation got its position again in the market. Because the demand during the COVID increased the transportation and the delivery of the goods after the pandemic. Later on, the growth increased in the Asia Pacific regions because of the import and export of the goods from China and other economically grown company. Even the rapid urbanization and the growth of the constructional sectors increased the growth after the spread of the pandemic. The growth and the construction of the infrastructure in the Asia Countries increased the scope in the freight and logistics market.


Value chain analysis


In comparison with other segments like the airways, roadways, railways, the waterways are considered as the growing segment. As the global freight and the logistic market is segmented into transportation, packaging and other distribution. But the warehousing holds the major shares in the freight and logistics market. This is because the highest amount of transportation is being held for delivering goods for the construction and to enhance the infrastructure. To talk about the end-use industry the manufacturing and the construction segment holds a great part in the end-use application. By using all those possibilities to get the growth in the freight and logistics market they are working hard to satisfy the customer’s need.


Market segment overview



  • By function



  1. Freight transport

  2. Freight forwarding

  3. Warehousing

  4. Value-added service

  5. Cold chain logistics

  6. Last-mile logistics

  7. Return logistics

  8. Inventory management

  9. Custom clearance


 



  • By end-user



  1. Manufacturing and automotive

  2. Oil and gas

  3. Mining

  4. Quarrying

  5. Agriculture

  6. Fishing

  7. Forestry

  8. Construction

  9. Distributive trade

  10. Health care

  11. Pharmaceutical

  12. Chemicals

  13. Telecommunications


 



  • By shipping type



  1. Airways

  2. Railways

  3. Roadways

  4. Waterways


 



  • By region


North America



  1. US

  2. Canada

  3. Mexico


Europe



  1. Germany

  2. UK

  3. France

  4. Russia

  5. Spain

  6. Rest of Europe


Asia Pacific



  1. India

  2. China

  3. Japan

  4. Vietnam

  5. Indonesia

  6. Philippines

  7. Rest of Asia Pacific


The Middle East and Africa



  1. UAE

  2. Saudi Arabia

  3. Qatar

  4. Nigeria

  5. Rest of the Middle East and Africa


Competitive landscape


After the restrictions for the lockdown got reduced the market is working hard to regain its position. So they are planning to extend their service by adding e-commerce and digital platforms for the growth of their market. Whereas after the lockdown many freight and logistics are increasing their transport commodities by the trucks, railroads cars and the large ships. Also expanding their transport for the import and export transportation to gain their place in the market.


Regional analysis


Freight and logistics are transporting the goods from one part of the world to the other by trucks, planes, railroad cars and large ships. Each region is involved with importing and exporting goods. This increased the opportunity for the freight and the logistics industries. The increase in E-commerce and infrastructure across the Asia- Pacific leads to growth in the market. Also, the infrastructure growth in China and India created growth in the freight and logistics market. The second place for the market growth in North America


When compared to the Asia-Pacific region, other regions don’t have gradual growth. They are lacking in infrastructure growth and the E-commerce and the digital sectors also. So the other regions are emerging and trying to push the growth of the freight and logistics market.



  • XPO Logistics

  • UPS

  • DHL

  • B. Hunt transport services

  • H. Robinson


 


Recent developments



  1. In recent days they are increasing the technology for tracking the delivery package for the convenience of the customers. By this, they can track their parcel and get their package without any delay.

  2. After the spread of the COVID, there were some losses in the market, but late on there was a great demand for material transportation. So the transporting companies are discussing to expand their transportation which will be more convenient for the customers.


Market overview



  • Overall overview about the market

  • COVID -19 analysis

  • A detailed report about the market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Market segmentation

  • Competitive analysis

  • Regional analysis

  • Key players

  • Recent development


There is a gradual growth in freight and logistics because of the increase in the development of the infrastructure in the construction sector and the digital marketing sector. These are the driving force for the rapid growth of the freight and logistics market.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 21.13 Billion
  CAGR   4% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Shipping Type, Service, and End-Use Industry
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Increasing global trade activities in the emerging economies
  • Rise in trade-related agreements along with global logistics infrastructure
  • Technological advancements in the logistics industry for fast delivery and supply chain


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    Frequently Asked Questions (FAQ) :

    Global freight and logistics market is projected to grow at approximately 4% CAGR during the assessment period (2022-2030).

    The Asia – Pacific holds the largest part of the share across the globe

    North America is holding the second-largest share of freight and logistics globally

    Waterways are the cheapest and safest mode which is leading when compared to other transportation.

    DB Schenker Logistics, Nippon express, C.H. Robinson post-DHL, Walmart group.

    using the tracking system for the package to get the delivery convenient to the customer is the recent trend going in the market.