Bangladesh Freight and Logistics Market Size, Report [2031]
Bangladesh Freight and Logistics Market Size, Report [2031]
Segments - Bangladesh Freight and Logistics Market By Shipping Types (Airways, Railways, Roadways, and Waterways), Services (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom clearance, and Others), End-use Industry (Inventory Management, Trade and Transportation, Healthcare, Manufacturing & Construction, Retail, Media and Entertainment, Banking and Financial Services, IT & telecommunication, and Others) and Country (Bangladesh) - Bangladesh Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-4617
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| 176 Pages
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Report Description
The Bangladesh Freight and Logistics Market size was valued at USD 28.7 Billion in 2022 and is expected to surpass USD 50.59 Billion by 2031, expanding at a CAGR of 6.5% during the forecast period, 2023 – 2031. Emerging economies and ongoing improvement in freight and logistics activities are propelling the market.
Freight and logistics are commonly used in freight management and logistics management in business. Logistics management is a wider term that includes freight management as a subdivision of similar importance. Freight and logistics are associated with the movement or transportation of goods from one place to another. The transferring of goods can be done by several different modes of transport such as road, rail, air, and ocean. Hence, a logistics company can offer shipment delivery, while a freight forwarder manages and represents the import and export of a business or person.
Bangladesh's freight and logistics industry started during the year 1991-92. The country suffered in marinating and handling freight and logistics due lack of skilled workforce, communication skills and doesn’t have any prior experience. Even though, the absence of an appropriate regulatory framework, Bangladesh’s freight and logistics industry managed to grow.
Bangladesh Freight and Logistics Market Trends, Drivers, Restraints, and Opportunities
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Rapid growth in cross-border transactions and increasing export and activities are driving the market.
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Growing expansion in the various industries such as pharmaceutical, manufacturing, shipbuilding, food processing, and steel industries are boosting the market.
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Improving infrastructure and strengthening the transport & logistics system are fueling the market.
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Rising pollution and the high cost of inventory with low warehousing space are hindering the market.
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Growing adoption of green logistics solutions is likely to create opportunities in the coming years.
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Technological development in the logistics industry and rising trade-related agreement for securing the transactions are creating opportunities in the market.
Scope of the Bangladesh Freight and Logistics Market Report
The report on the Bangladesh freight and logistics market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Freight and Logistics Market - Bangladesh Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Shipping Types (Airways, Railways, Roadways, and Waterways), Services (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom clearance, and Others), End-use Industry (Inventory Management, Trade and Transportation, Healthcare, Manufacturing & Construction, Retail, Media and Entertainment, Banking and Financial Services, IT & telecommunication, and Others) |
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Regional Scope |
Bangladesh |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3i Logistics Pvt. Limited, A.H.Khan & Co, Agility, asiapacific.com.bd, Blue Ocean Freight System Ltd, Bollore Logistics, CEVA Logistics, DB Schenker, DHL, FedEx, Nippon Express Co., Ltd, Shams Group of Companies, Tower Freight Logistics Limited, and United Parcel Service of America, Inc. |
Bangladesh Freight and Logistics Market Segment Insights
Waterways segment to grow during the anticipated period
In terms of shipping types, the Bangladesh freight and logistics market is segmented into airways, railways, roadways, and waterways. The waterways segment is constituted a significant market share in 2020 and is projected to grow in the near future. Mongla and Chittagong, Mongla, and Payra are the three dominant operational seaports of Bangladesh.
These 3 major ports are playing a significant role in handling and managing 90% country’s cargo movement. Moreover, improving infrastructures and the growth in the capacity handling by the ports, especially by the southwest coastal belt is anticipated to propel the segment during the forecast period.
Warehousing segment to drive the market
On the basis of services, the Bangladesh freight and logistics market is divided into inventory management, packaging, warehousing, transportation, distribution, customs clearance, and others. The warehousing segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period. Dhaka progressed as a central warehousing hub and Chittagong is the gateway for international trade of the country.
Chittagong is the most prominent center for EXIM-based warehousing. Dhaka and Chittagong jointly occupy 70% warehousing space of the country. Moreover, emerging cities including Khulna, Barisal, Bogra, Rangpur, Cumilla are becoming storage destinations to cater domestic consumption market, which aid in the growth of the segment.
Trade and Transportation segment to grow at a significant pace in the near future
Based on the end-use industry, the Bangladesh freight and logistics market is fragmented into inventory management, trade and transportation, healthcare, manufacturing & construction, retail, media and entertainment, banking and financial services, IT & telecommunication, and others. The trade and transportation segment is expected to hold a significant share of the market during the forecast period.
Bangladesh is the major exporter of readymade garments, shrimps, jute, leather goods, and tea to the countries including United States and the EU.
Moreover, the ongoing rise in trading and transportation activities is anticipated to promote the segment during the forecast period.
Segments
Shipping Types
- Airways
- Railways
- Roadways
- Waterways
Services
- Inventory Management
- Packaging
- Warehousing
- Transportation
- Distribution
- Custom clearance
- Others
End-use Industry
- Inventory Management
- Trade and Transportation
- Healthcare
- Manufacturing & Construction
- Retail
- Media and Entertainment
- Banking and Financial Services
- IT & telecommunication
- Others
Key Players
- 3i Logistics Pvt. Limited
- A.H.Khan & Co
- Agility
- Asiapacific.com.bd
- Blue Ocean Freight System Ltd
- Bollore Logistics
- CEVA Logistics
- DB Schenker
- DHL
- FedEx
- Nippon Express Co., Ltd
- Shams Group of Companies
- Tower Freight Logistics Limited
- United Parcel Service of America, Inc.
Competitive Landscape
Key players in the Bangladesh freight and logistics market include 3i Logistics Pvt. Limited, A.H.Khan & Co, Agility, asiapacific.com.bd, Blue Ocean Freight System Ltd, Bollore Logistics, CEVA Logistics, DB Schenker, DHL, FedEx, Nippon Express Co., Ltd, Shams Group of Companies, Tower Freight Logistics Limited, and United Parcel Service of America, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Frequently Asked Questions
Bangladesh mainly exports readymade garments, shrimps, jute, leather goods, and tea, especially to the United States and the EU.
Opportunities include the adoption of green logistics solutions, technological advancements, and new trade-related agreements to secure transactions.
Major players include 3i Logistics Pvt. Limited, A.H.Khan & Co, Agility, Blue Ocean Freight System Ltd, Bollore Logistics, CEVA Logistics, DB Schenker, DHL, FedEx, Nippon Express, Shams Group of Companies, Tower Freight Logistics Limited, and UPS.
Key end-use industries include trade and transportation, healthcare, manufacturing and construction, retail, media and entertainment, banking and financial services, and IT & telecommunication.
Dhaka is the central warehousing hub, while Chittagong serves as the gateway for international trade. Together, they account for 70% of the country's warehousing space.
Major challenges include rising pollution, high inventory costs, limited warehousing space, and a lack of skilled workforce.
Key growth drivers include rapid growth in cross-border transactions, increasing export activities, expansion in industries such as pharmaceuticals and manufacturing, and improving infrastructure.
The waterways segment is projected to experience significant growth, with major ports like Mongla, Chittagong, and Payra handling 90% of the country's cargo movement.
The market is expected to grow at a CAGR of 6.5% from 2023 to 2031.
The Bangladesh freight and logistics market was valued at USD 28.7 billion in 2022.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Freight and Logistics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Freight and Logistics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Freight and Logistics Market - Supply Chain
4.5. Global Freight and Logistics Market Forecast
4.5.1. Freight and Logistics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Freight and Logistics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Freight and Logistics Market Absolute $ Opportunity
5. Global Freight and Logistics Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Freight and Logistics Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Freight and Logistics Demand Share Forecast, 2019-2026
6. North America Freight and Logistics Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Freight and Logistics Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Freight and Logistics Demand Share Forecast, 2019-2026
7. Latin America Freight and Logistics Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Freight and Logistics Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Freight and Logistics Demand Share Forecast, 2019-2026
8. Europe Freight and Logistics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Freight and Logistics Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Freight and Logistics Demand Share Forecast, 2019-2026
9. Asia Pacific Freight and Logistics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Freight and Logistics Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Freight and Logistics Demand Share Forecast, 2019-2026
10. Middle East & Africa Freight and Logistics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Freight and Logistics Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Freight and Logistics Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Freight and Logistics Market: Market Share Analysis
11.2. Freight and Logistics Distributors and Customers
11.3. Freight and Logistics Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. 3i Logistics Pvt. Limited
11.4.2. A.H.Khan & Co
11.4.3. Agility
11.4.4. Asiapacific.com.bd
11.4.5. Blue Ocean Freight System Ltd
11.4.6. Bollore Logistics
11.4.7. CEVA Logistics
Methodology
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