Freight and Logistics Market Share, Growth & Forecast [2031]
Freight and Logistics Market Share, Growth & Forecast [2031]
Segments - Freight and Logistics Market by Functions (Freight Transport [Road, Inland Water, Air, and Rail], Freight Forwarding, Warehousing, Value Added Services, and Others), End users (Distributive Trade (Wholesale and Retail Segment FMCG included), Manufacturing & Automotive, Oil & Gas, Mining, Quarrying, agriculture, Fishing, Forestry, Construction, and Others), Regions (North America [United States, Canada, and Mexico], Europe [United Kingdom, Russia, Spain, Germany, France, and Rest of Europe], Asia Pacific [Japan, China, India, Indonesia, Philippines, Vietnam, and Rest of Asia Pacific], South America [Argentina, Chile, Columbia, Brazil, and Rest of South America], Middle East and Africa [Qatar, UAE, Saudi Arabia, Nigeria, and Rest of Middle East & Africa]) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :AL-2726
| 4.8 Rating
| 61 Reviews
| 200 Pages
| Format :
Report Description
The freight and logistics market size is estimated to grow at a significant CAGR during the forecast period 2021-2028. The growth of market is attributed to rapid growth in the ASEAN countries such as China and India and government act as a backbone for the logistics sector.
Rail cargo is estimated to gain traction, supported by regional rail lines, infrastructure development and increased deployment for transfer hubs for inter-modal transportation segment is expected to boost the market during the projected period.
The growing trend of outsourcing logistics has taken over the global freight and logistics industry, the importance of the logistics service provider has grown drastically with the ongoing trend towards non-core competences.
With increasing investment and several technological adoptions the logistics industry is estimated to prioritize their operational efficiencies. Freight forwarders offer creative online solutions such as custom brokerage, transportation management solution, and freight matching.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing government support and favorable policies is expected to drive the market during the forecast period.
- Growing logistic market in the major economies such as China and India is estimated to boost the market in the coming years.
- Increasing demand for logistics’ provider or outsourcing of logistics is expected to fuel the market during the projected period.
- Rapid growth in ecommerce segment and innovative logistics solution available for the clients is expected to spur the market during the projected period.
- Growing adoption of IoT devices is expected to drive the market during the forecast period.
- High logistics cost, lack of control of manufacturers on the service, and poor infrastructure act as challenge that can hinder the market growth.
Scope of Freight and Logistics Market
The report global freight and logistics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Freight and logistics market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Functions (Freight Transport [Road, Inland Water, Air, and Rail], Freight Forwarding, Warehousing, Value Added Services, and Others), End users (Distributive Trade (Wholesale and Retail Segment FMCG included), Manufacturing & Automotive, Oil & Gas, Mining, Quarrying, agriculture, Fishing, Forestry, Construction, and Others) |
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Regional Scope |
North America [United States, Canada, Mexico], Europe [United Kingdom, Russia, Spain, Germany, France, Rest of Europe], Asia Pacific [Japan, China, India, Indonesia, Philippines, Vietnam, Rest of Asia Pacific], South America [Argentina, Chile, Columbia, Brazil, Rest of South America], Middle East and Africa [Qatar, UAE, Saudi Arabia, Nigeria, Rest of Middle East and Africa] |
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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 |
DHL; UPS; C.H. Robinson; J.B Hunt Transport Services; XPO Logistics. |
Freight and Logistics Market Segment Insights
On the basis of functions, the market is segregated into freight transport, freight forwarding, warehousing, value added services, and others. The freight transport segment is further fragmented into road, inland water, air, and rail. The rail segment is expected to exhibit high CAGR owing to expanded railway network with increased deployment hubs and well supported infrastructure development. However, the warehousing segment is estimated to grow at a rapid pace due to cold chain freight infrastructure.
Based on end users, the market is fragmented into distributive trade (wholesale and retail segment FMCG included), manufacturing & automotive, oil & gas, mining, quarrying, agriculture, fishing, forestry, construction, and others. The manufacturing & automotive segment is anticipated to hold large share of the market due to growing import and export of heavy machinery such as equipment, automobile parts, and electrical machine.
In the terms of region, the market is segregated into North America [United States, Canada, and Mexico], Europe [United Kingdom, Russia, Spain, Germany, France, and Rest of Europe], Asia Pacific [Japan, China, India, Indonesia, Philippines, Vietnam, and Rest of Asia Pacific], South America [Argentina, Chile, Columbia, Brazil, and Rest of South America], Middle East and Africa [Qatar, UAE, Saudi Arabia, Nigeria, and Rest of Middle East & Africa]. Asia Pacific is estimated to dominate the market owing to presence of major economies such as China and India in the region, rapid technological adoption in the logistics operations, continuous investments in transportation, and rising intra-Asian trade.
Segments
The global freight and logistics market has been bifurcated on the basis of
Functions
- Freight Transport
- Road
- Inland Water
- Air
- Rail
- Freight Forwarding
- Warehousing
- Value Added Services
- Others
End users
- Distributive Trade
-
- Wholesale
- Retail Segment FMCG included
- Manufacturing & Automotive
- Oil & Gas
- Mining
- Quarrying
- Agriculture
- Fishing
- Forestry
- Construction
- Others
Regions
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Russia
- Spain
- Germany
- France
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Indonesia
- Philippine
- Vietnam
- Rest of Asia Pacific
- South America
- Argentina
- Chile
- Columbia
- Brazil
- Rest of South America
- Middle East and Africa
- Qatar
- UAE
- Saudi Arabia
- Nigeria
- Rest of Middle East & Africa
Key Players
- DHL
- UPS
- J.B Hunt Transport Services
- C.H. Robinson
- XPO Logistics
Competitive Landscape
Key players competing global freight and logistics market include DHL; UPS; C.H. Robinson; J.B Hunt Transport Services; XPO Logistics.Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Frequently Asked Questions
The manufacturing & automotive segment is anticipated to hold a large share of the market due to increased import and export of heavy machinery, automobile parts, and electrical machines.
Technological adoption, such as the use of IoT devices and online logistics solutions, is helping logistics companies improve operational efficiencies and meet the growing demands of the market.
The growing trend of outsourcing logistics has increased the importance of logistics service providers, who now offer creative online solutions such as custom brokerage, transportation management, and freight matching.
Key players include DHL, UPS, C.H. Robinson, J.B. Hunt Transport Services, and XPO Logistics.
Rail cargo is expected to gain traction due to expanded railway networks, infrastructure development, and increased deployment of transfer hubs for inter-modal transportation.
The report covers functions such as freight transport (road, inland water, air, rail), freight forwarding, warehousing, value-added services, and others, as well as end users like distributive trade, manufacturing & automotive, oil & gas, mining, agriculture, construction, and more.
Challenges include high logistics costs, lack of control by manufacturers over logistics services, and poor infrastructure in certain regions.
Key drivers include increasing government support and favorable policies, rapid growth in major economies such as China and India, rising demand for logistics outsourcing, growth in the ecommerce segment, and adoption of IoT devices.
Asia Pacific is expected to dominate the freight and logistics market due to the presence of major economies like China and India, rapid technological adoption, continuous investments in transportation, and rising intra-Asian trade.
The global freight and logistics market is estimated to grow at a significant CAGR during the forecast period 2021-2028, driven by rapid growth in ASEAN countries, government support, and technological advancements.
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)
Methodology
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