The global freight and logistics market revenue was around US$ 15.08 billion in 2022 and is estimated to reach US$ 21.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 4% during the forecast period from 2023 to 2031.
Freight and logistics are the procedures of transporting products and commodities by trucks, rail, road cars, big boats carrying containers, and airplanes. It provides value-added services, contract logistics, warehousing, and advanced integrated logistics planning and delivery for intricate global supply chains.
Market Driving Factors
The rising demand for cold chain logistics in Australia creates a positive impact on the market. The demand for cold chain logistics has risen as demand for Australian agricultural products from other countries has grown, leading to a rise in agricultural exports. Australia is a significant player in the production and export of perishable goods, with a high proportion of the country's cold chain logistics sector. therefore, such a factor is estimated to boost market growth.
Digitalization and supply chain integration will benefit the market. The logistics industry has seen a significant shift due to supply chain integration and digitization, which has increased efficiency and productivity as well as led to the development of environmentally friendly ways to transport goods from one site to another.
Cargo theft concerns and the negative effects on the supply chain hamper the market growth.
Regional Analysis
Asia Pacific dominated the market and it is predicted that it would continue during the projection period. Leading nations in the region are seeing a greater integration of technology in the logistics process. Furthermore, in India, 80% of freight is transported by roads, and the trucking industry is integrating advanced tracking technologies to improve tracking and delivery date estimation. Thailand is leveraging the blockchain project from Maersk and IBM to enhance shipping tracking. Asian logistics is marked by expanding intra-Asian trade and expanding imports of consumer items as well as industrial inputs.
Segmentation Insights
Shipping Insight
The waterways segment dominated the market and it is expected to continue its dominance during the forecast period. The increasing preference for waterways logistics may be attributed to the advantages they offer, such as crowded transit and dependability. The advantages of this segment over railcars and trucks include greater loading capacity, lower emissions, effective payload transfer, and optimal fuel usage, which are fueling segment expansion in the freight and logistics market.
Service Insight
The transportation segment dominated the market during the forecast period. The worldwide freight forwarding industry is anticipated to gain from the anticipated significant growth in freight volumes. The expanding network of agreements will expand the country's ability to benefit from the expansion of the market through trade and investment possibilities. The investment parameters outlined in these agreements strive to improve the investment climate and promote greater economic integration in the market.
Prominent Companies
Segmentation Outline
The global freight and logistics market segmentation focuses on Shipping Type, Service, End-Use Industry, and Region.
By Shipping Type
By Service
By End-Use Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL FREIGHT AND LOGISTICS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: FREIGHT AND LOGISTICS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL FREIGHT AND LOGISTICS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL FREIGHT AND LOGISTICS MARKET, BY SHIPPING TYPE
5.1 OVERVIEW
5.2 AIRWAYS
5.3 RAILWAYS
5.4 ROADWAYS
5.5 WATERWAYS
6 GLOBAL FREIGHT AND LOGISTICS MARKET, BY SERVICE
6.1 OVERVIEW
6.2 INVENTORY MANAGEMENT
6.3 PACKAGING
6.4 WAREHOUSING
6.5 TRANSPORTATION
6.6 DISTRIBUTION
6.7 CUSTOM CLEARANCE
6.8 OTHERS
7 GLOBAL FREIGHT AND LOGISTICS MARKET, BY END-USE INDUSTRY
7.1 OVERVIEW
7.2 MANUFACTURING AND AUTOMOTIVE
7.3 OIL AND GAS
7.4 MINING
7.5 QUARRYING
7.6 AGRICULTURE
7.7 FISHING
7.8 FORESTRY
7.9 CONSTRUCTION
7.10 DISTRIBUTIVE TRADE
7.11 HEALTH CARE
7.12 PHARMACEUTICAL
7.13 CHEMICALS
7.14 TELECOMMUNICATIONS
8 GLOBAL FREIGHT AND LOGISTICS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL FREIGHT AND LOGISTICS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 DSV GLOBAL TRANSPORTS AND LOGISTICS
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 KUEHNE+ NAGEL
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 THE MAERSK GROUP
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 DEUTSCHE POST DHL
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 DB SCHENKER LOGISTICS
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 C.H. ROBINSON
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 PANALPINA
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 UNITED PARCEL SERVICE
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 FEDEX CORP
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 WALMART GROUP (US)
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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