Freight and Logistics Market was valued at USD 16.52 Billion in 2023, and is expected to reach USD 24.03 Billion by 2030, exhibiting a CAGR of 5.5 % during the forecast period.
Freight and Logistics Market Overview:
This Freight and Logistics market study looks at current and emerging industry trends and dynamics in the global Freight and Logistics market. Freight and Logistics Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Freight and Logistics market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Freight and Logistics market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Freight and Logistics market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Freight and Logistics market environment. Increased demand for Freight and Logistics is driving the market. The Freight and Logistics market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
The freight and logistics market is divided into four segments based on the type of shipping: air, rail, road, and water. The freight and logistics industry’s waterways category, which dominated in 2023, is predicted to expand at a notable CAGR over the course of the projection period. The advantages offered by waterways logistics, such as crowded and dependable transit, may be the reason for their growing popularity. The advantages of canal logistics over trucks and railcars include increased loading capacity, lower emissions, effective payload transfer, and optimal fuel use. These factors will likely accelerate segment expansion in the freight and logistics sector in the near future.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. C.H. Robinson (U.S.)
2. United Parcel Service (U.S.)
3. FedEx Corp. (U.S.)
4. Walmart Group (U.S.)
5. UPS (U.S.)
6. XPO Logistics (U.S.)
7. J.B. Hunt Transport Services (U.S.)
8. Ryder Supply Chain Solutions (U.S.)
9. Expeditors (U.S.)
10. Penske Logistics (U.S.)
11. Lineage Logistics (U.S.)
12. Geodis (U.S.)
13. Worldwide, Inc. (U.S.)
14. Nippon Express (Japan)
15. Dsv Global Transports and Logistics (Denmark)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Freight and Logistics market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Freight and Logistics Market:
The COVID-19 epidemic has had a significant impact on the global Freight and Logistics industry. Freight and Logistics Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Freight and Logistics market to decelerate in 2020. The negative impact of COVID-19 on the Freight and Logistics market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Freight and Logistics.
Key Questions Answered in the Freight and Logistics Market Report are:
- Which segment was responsible for the largest share in the Freight and Logistics market?
- How was the competitive scenario of the Freight and Logistics market in 2023?
- Which are the key factors responsible for the Freight and Logistics market growth?
- Which region held the maximum share in the Freight and Logistics market in 2023?
