The Italy freight and logistics market size was valued at USD 105.94 Billion in 2022 and is likely to reach USD 150.79 Billion by 2031, expanding at a CAGR of 4% during 2023 – 2031.The growth of the market is attributed to the rapid urbanization, advancement in the security of freight as well as logistics, rising need for controlling the transit, and growing freight visibility technologies along with solutions.
Freight and logistics are the process of transportation of goods and commodities by using road cars, rail, airplanes, big vessels, and trucks to carry the containers. It provides different types of services such as warehousing, contract logistics, value added services, and logistics solutions for complex supply chains. It is the management and overseeing of the operations that are cost effective.
It is a combination of knowledge and human resources to make sure there are no obstacles in the path way of goods between carriers and shippers. It helps to negotiate the terms and conditions along with rates for the transportation of goods. It also ensures that the important insurances are in the place to make sure goods are secured while moving in transit. It constantly tries to find an alternative method for improving delivery performance, lesser environmental impact and also time as well as cost.
Market Trends, Drivers, Restraints, and Opportunities
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Rising trade activities is expected to drive the market growth in the coming years.
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Rapid growth of the manufacturing sector is major factors spurring the market expansion during the forecast period.
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High cost of the warehousing space and inventory is estimated to hamper the market growth in the coming years.
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Rising pollution level acts as main challenges that can restrict the market expansion during the forecast period.
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R&D investment and technological advancement in freight & logistics is anticipated to create significant opportunities for the market players.
Scope of the Report
The report on the Italy 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
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Details
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Report Title
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Italy Freight and Logistics Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Functions (Freight Forwarding, Courier, Value Added Services, Last Mile Logistics, Freight Transport, Warehousing, Express, Parcel, Cold Chain Logistics, Return Logistics, and Others), End-users (Oil & Gas, Agriculture, Forestry, Automotive, Construction, Quarrying, Fishing, Manufacturing, Distributive Trade, and Others)
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Country
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Italy
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Report Coverage
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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
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UPS; DB Schenker Logistics; Saima Avandero; Deutsche Post DHL; Worldwide, Inc.; Ceva Logistics; Lineage Logistics; Expeditors; United Parcel Service; XPO Logistics; Panalpina; The Maersk Group; Walmart Group; Geodis; Penske Logistics; Nippon Express; and C.H. Robinson
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Market Segment Insights:
Freight transport segment is projected to account for a large market share
Based on functions, the Italy freight and logistics market is divided into freight forwarding, courier, value added services, last mile logistics, freight transport, warehousing, express, parcel, cold chain logistics, return logistics, and others. The freight transport segment is expected to constitute a key share of the market during the forecast period owing to accessibility to database & resources, increases the storage facility, and save precious time. However, the warehousing segment is anticipated to expand at a rapid pace during the forecast period due to more consistent production, minimize the risk of damaged goods, and storage facilities.
Manufacturing segment is projected to hold a key market share
On the basis of end-users, the market is segmented into oil & gas, agriculture, forestry, automotive, construction, quarrying, fishing, manufacturing, distributive trade, and others. The manufacturing segment is expected to represent a key share of the market in the coming years due to need as it important for the goods and services to be in the time, place, and quantity of production. On the other hand, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to increasing demand for automotive segment and efficient transportation.
Segments
The Italy freight and logistics market has been segmented on the basis of
Functions
- Freight Forwarding
- Courier
- Value Added Services
- Last Mile Logistics
- Freight Transport
- Warehousing
- Express
- Parcel
- Cold Chain Logistics
- Return Logistics
- Others
End-users
- Oil & Gas
- Agriculture
- Forestry
- Automotive
- Construction
- Quarrying
- Fishing
- Manufacturing
- Distributive Trade
- Others
Country
Key Players
- UPS
- DB Schenker Logistics
- Saima Avandero
- Deutsche Post DHL
- Worldwide, Inc.
- Ceva Logistics
- Lineage Logistics
- Expeditors
- United Parcel Service
- XPO Logistics
- Panalpina
- The Maersk Group
- Walmart Group
- Geodis
- Penske Logistics
- Nippon Express
- C.H. Robinson
Competitive Landscape
Key players competing in the Italy freight and logistics market include UPS; DB Schenker Logistics; Saima Avandero; Deutsche Post DHL; Worldwide, Inc.; Ceva Logistics; Lineage Logistics; Expeditors; United Parcel Service; XPO Logistics; Panalpina; The Maersk Group; Walmart Group; Geodis; Penske Logistics; Nippon Express; and C.H. Robinson. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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