Freight and Logistics Market is expected to reach USD 22.79 Mn. by 2029 Technological Advancements, Research and Innovations, Growth Opportunities

December 07 19:45 2022
Freight and Logistics Market is expected to reach USD 22.79 Mn. by 2029 Technological Advancements, Research and Innovations, Growth Opportunities
Freight and Logistics Market
Freight and Logistics Market was valued at USD 14.85 Billion in 2021, and is expected to reach USD 22.79 Billion by 2029, exhibiting a CAGR of 5.5 % during the forecast period (2022-2029)

Pune, 7, Dec2022: Maximize Market Research is a leading automotive and transportation research firm that has delivered a detailed analysis of the Freight and Logistics Market The business intelligence report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 14.85 million in 2021 to USD 22.79 million by 2029 at a CAGR of 5.5 percent during the forecast period from 2022 to 2029. 

Freight and Logistics Market Scope and Research Methodology

The report is an in-depth analysis of all the key players in the Freight and Logistics industry by market share, revenue, market penetration, financial status and region. Current trends prevailing in the Freight and Logistics Market are presented and historical data spanning over 10 years is used to forecast growth rate fluctuations to equip stakeholders, investors, market key players and followers about future market conditions.

The Freight and Logistics Market is segmented by Shipping Type, Service, End-Use Industry and Region for a detailed analysis for understanding the market penetration, competitive structure, pricing and demand analysis. The report aids the formulation of strategic decision-making and finding investment pockets for businesses.

For the competitive landscape, major players and new entrants in the Freight and Logistics Market are collated based on the revenue, portfolio, technological advancements adopted, mergers and acquisitions, joint ventures and strategic alliances. With each company profile, recommendations are provided on investments and estimations of their market size for the forecast period. New entrants can use the report to understand the future course of the Freight and Logistics Market.

The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected using both primary and secondary data collection methods for the analysis. Methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, marketing professionals, customers and retailers on the demand side and manufacturers, and wholesalers on the supply side were included in the primary methods. Secondary data was methodically collected from a curated selection of sources to ensure the reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Freight and Logistics Market while PESTLE was employed to understand the potential impact of the macro-economic, social, political and technological factors affecting the Freight and Logistics Market.

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Freight and Logistics Market Overview

Freight and Logistics Market deals with the transportation of goods from one manufacturer to the customers. The purpose is to reduce shipping costs while ensuring the quick and safe delivery of goods. This delivery is carried out through several modes such as railways, roadways, airways and seaways. The main aim is the effective and efficient logistics management systems for faster delivery of goods ensuring a smooth flow of the supply chain. Freight and logistics involves several steps such as finding transport companies, scheduling shipments, optimizing the best mode of transport, tracking the shipments and managing receipts and payments of the shipments. 

Freight and Logistics Market Dynamics

Growth in the e-commerce market is a key driver of the Freight and Logistics Market. After the pandemic certain consumer preferences pertaining to demand stuck with us. Dependence on online stores led to the growth of the e-commerce industry and its continual increasing consumer demand. The freight and Logistics Market is considered as the backbone of the e-commerce industry as they rely heavily on them for the transportation of goods. This makes the e-commerce industry a major driver of the Freight and Logistics Market growth. Industries such as pharmaceuticals and food and beverage are incorporating home delivery services. This trend is expected to be a significant driver for the Freight and Logistics Market growth.

Trade agreements among countries are improving the global market scenario with increased trade. These trade agreements provide several concessions and reductions in tariffs making trade fruitful. An increase in global trade fuels the Freight and Logistics Market as it provides effective and efficient logistics for several businesses. Advancements and the introduction of automation in delivery, warehouse management and logistics are also expected to drive the Freight and Logistics Market growth.

Freight and Logistics Market Regional Insights

The Asia-Pacific region held the largest market share for the year 2021 and is expected to continue this growth for the forecast period. China and India are expected to lead the regional market towards growth. These developing economies have witnessed growth due to the rapid development of the e-commerce, food and beverage and pharmaceutical industries. This region is also expected to growth on account of the rapid adoption of technological advancements in the Freight and Logistics Market. Major players in the Freight and Logistics Market are concentrated in this region. Advancement of the Freight and Logistics systems with the blockchain system in countries like Thailand is expected to drive the Freight and Logistics Market growth. Government schemes and regulations for Freight and Logistics are also increasing demand in the regional market. Over the forecast period, North America is expected to witness growth in the Freight and Logistics Market.

Freight and Logistics Market Segmentation 

By shipping time: 

  • Airways 
  • Railways 
  • Roadways  
  • Waterways

By service

  • Inventory management 
  • Packaging 
  • Warehousing 
  • Transportation 
  • Distribution 
  • Custom clearance 
  • Others

By end-use industry: 

  • Trade and Transportation 
  • Healthcare 
  • Manufacturing & Construction 
  • Retail 
  • Media and Entertainment 
  • Banking and Financial Services 
  • IT & telecommunication
  • Others

Freight and Logistics Market Key Competitors: 

  • C.H. Robinson (U.S.)
  • United Parcel Service (U.S.)
  • FedEx Corp. (U.S.)
  • Walmart Group (U.S.)
  • UPS (U.S.)
  • XPO Logistics (U.S.)
  • J.B. Hunt Transport Services (U.S.)
  • Ryder Supply Chain Solutions (U.S.)
  • Expeditors (U.S.)
  • Penske Logistics (U.S.)
  • Lineage Logistics (U.S.)
  • Geodis (U.S.)
  • Worldwide, Inc. (U.S.)
  • Nippon Express (Japan)
  • Dsv Global Transports and Logistics (Denmark)
  • Kuehne+ Nagel (Germany)
  • The Maersk Group (Denmark)
  • Deutsche Post DHL (Germany)
  • DB Schenker Logistics (Germany)
  • Panalpina (Switzerland)
  • Ceva Logistics (France)
  • A.P. Moller–Maersk (Denmark)

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Key questions answered in the Freight and Logistics Market are: 

  • What is Freight and Logistics Market? 
  • What is the current growth rate of the Freight and Logistics Market?  
  • What is the growth rate of Freight and Logistics Market for the next five years? 
  • What is the nature of competition in Freight and Logistics industry in developed and developing economies? 
  • Who are the key players in the Freight and Logistics Market?
  • Who are the market leaders in Freight and Logistics in Europe?
  • Who are the market leaders in Freight and Logistics in USA and Canada?
  • Who are the market leaders in Freight and Logistics in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Freight and Logistics Market? 
  • Who held the largest market share in Freight and Logistics Market? 
  • What are the factors for the growth of Asia-Pacific region in Freight and Logistics Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Shipping Type, Service, End-Use Industry and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading automotive and transportation research firm, has also published the following reports:

Contract Logistics Market –The Contract Logistics Market size is expected to reach USD 437.52 billion by 2029 at a CAGR of 7.6 percent during the forecast period. The Contract Logistics Market is expected to be driven by increasing demand for logistics software and technological advancements. 

Road Freight Transportation Market –The Road Freight Transportation Market size is expected to reach USD 5.44 trillion by 2029 at a CAGR of 5 percent during the forecast period. The Road Freight Transportation Market is expected to be driven by increasing demand for inland transportation and cost-effectiveness of road freight. 

Logistics MarketThe Logistics Market size is expected to reach USD 23.36 billion by 2029 at a CAGR of 7.20 percent during the forecast period. The Logistics Market is expected to be driven by growth in e-commerce and technological advancement. 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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