Freight Transport Management Market Growth & Forecast [2031]

Segments - Freight Transport Management Market by Solutions (Warehouse Management System, Freight Security and Monitoring System, Freight 3PL Solutions, Freight Transportation Cost Management, Freight Mobility Solutions, and Other Solutions), Mode of Transports (Air Freight, Road Freight, Rail Freight, and Waterborne Freight), End-users (Oil and Gas, Energy and Power, Automotive, Consumer and Retail, Aerospace and Defense, Third Party Logistics and Other End-users), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The Global Freight Transport Management Market size was valued at USD 30.80 Billion in 2022 and is expected to surpass USD 67.67 Billion by 2031, expanding at a CAGR of 9.14% during the forecast period, 2023 – 2031. The growth of the market is attributed to need to control time-in-transit, advancement in freight security, safety and solutions of transportation, increase in global trade, growing urbanization, growth in communications technologies, and rising freight visibility solutions and technologies.

Freight transport is a process of transporting merchandise goods, cargo, and commodities through various modes of transport. Freight transport management means developing various strategies for increasing the efficiency of commercial and freight transport. Freight transportation helps shippers to reduce the cost and to use right mode of transportation. Efficient freight transportation is very important for the economic growth and development of any country.

Freight Transport Management Market Outlook

Different strategies are needed for improving freight and commercial transport such as, fuel management, freight optimization, route planning, and order management. In recent years, the industry has been witnessing the arrival of machine-to-machine learning and analytics to operate these operations effectively. Freight transport helps the companies to deliver the goods quickly in less time and at a low cost.

Market Trends, Drivers, Restraints, and Opportunities

Growing demand for high visibility and short transit time is projected to fuel the market during the forecast period.
Rising advancements in big data, mobility services, and cloud computing are major factors driving the market in the coming years.
Difficulty in shipping and delivering goods and problem in controlling cost act as a factors that can restrict the market growth.
Risk related to cross border transportation and congestion in trade routes are estimated to impede the market expansion.
Increasing demand of consumers for digitization create lucrative opportunities for the market players.

Scope of Freight Transport Management Market Report

The report on the global freight transport management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Freight Transport Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Solutions (Warehouse Management System, Freight Security and Monitoring System, Freight 3PL Solutions, Freight Transportation Cost Management, Freight Mobility Solutions, and Other Solutions), Mode of Transports (Air Freight, Road Freight, Rail Freight, and Waterborne Freight), End-users (Oil and Gas, Energy and Power, Automotive, Consumer and Retail, Aerospace and Defense, Third Party Logistics, and Other End-users)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	HighJump Software Inc., Accenture Plc, CTSI-Global, Manhattan Associates, Inc., JDA Software Group, Inc., GEODIS, and Descartes System Group Inc.

Freight Transport Management Market Segment Insights

The freight security and monitoring system solution is projected to account for a large market share

Based on solutions, the freight transport management market is divided into warehouse management system, freight security and monitoring system, freight 3PL solutions, freight transportation cost management, freight mobility solutions, and other solutions. The freight transport and monitoring system is expected to account for a key share of the market in the coming years owing to high demand for track and trace, visibility, security, and monitoring applications.

Freight Transport Management Market Solution

The rail freight segment is projected to hold a key market share

On the basis of mode of transports, the freight transport management market is segmented into air freight, road freight, rail freight, and waterborne freight. The rail freight segment is expected to constitute a key share of the market during the forecast period due to the industries demand for the rail freight and information technology systems together. However, there is high demand for the rail freight transportation in the countries. International trades require high capacity, flexible, and safe transportation which requires the use of more than one mode of transportation.

The third party logistics segment is projected to constitute a major market share

Based on end-users, the freight transport management market is fragmented into oil and gas, energy and power, automotive, consumer and retail, aerospace and defense, third party logistics, and other end-users. The third party logistics segment is expected to account for a key share of the market during the forecast period due to the growth in the world trade volumes and increasing globalization. On the other hand, the consumer and retail segment is anticipated to expand at a rapid pace during the forecast period owing to carry business activities and easy operation in the business.

North America is anticipated to hold major market share

On the basis of regions, the freight transport management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a rapid pace during the forecast period. The regional market growth can be attributed to increasing digitization and rising adoption of internet of things by various industries. Many firms are going online which is increasing the retail sector in the region. The US is projected to dominate the market owing to its well-established and sustainable economy and industrial sector. However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to its increasing population it is rising the demand for freight transport.

Freight Transport Management Market Regions

Segments

The global freight transport management market has been segmented on the basis of

Solution

Warehouse Management System
Freight Security and Monitoring System
Freight 3PL Solutions
Freight Transportation Cost Management
Freight Mobility Solutions
Other Solutions

Mode of Transport

Air Freight
Road Freight
Rail Freight
Waterborne Freight

End-user

Oil and Gas
Energy and Power
Automotive
Consumer and Retail
Aerospace and Defense
Third Party Logistics
Other End-users

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

HighJump Software Inc.
Accenture Plc
CTSI-Global
Manhattan Associates, Inc.
JDA Software Group, Inc.
GEODIS
Descartes System Group Inc.

Competitive Landscape

Key players competing in the freight transport management market include HighJump Software Inc., Accenture Plc, CTSI-Global, Manhattan Associates, Inc., JDA Software Group, Inc., GEODIS, and Descartes System Group Inc. Some of these players are adopting various business practices and several strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

In May 2020, SAP SE combined its InstaFreight’s service offerings with SAP Logistics Business Network for handling road shipment efficiently and faster.
In February 2018, Descartes acquired Aljex, a cloud based logistic provider, to provide Ajiex’s back-office transportation management solutions.

Freight Transport Management Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Freight Transport Management 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 Transport Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Freight Transport Management Market - Supply Chain
  4.5. Global Freight Transport Management Market Forecast
     4.5.1. Freight Transport Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Freight Transport Management Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Freight Transport Management Market Absolute $ Opportunity
5. Global Freight Transport Management Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Freight Transport Management Market Size and Volume Forecast by End Users
     5.3.1. Oil and Gas
     5.3.2. Energy and Power
     5.3.3. Automotive
     5.3.4. Consumer and Retail
     5.3.5. Aerospace and Defense
     5.3.6. Third Party Logistics
     5.3.7. Other End-users
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Freight Transport Management Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Freight Transport Management Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Freight Transport Management Demand Share Forecast, 2019-2026
7. North America Freight Transport Management 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
  7.2. North America Freight Transport Management Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Freight Transport Management Market Size and Volume Forecast by End Users
     7.4.1. Oil and Gas
     7.4.2. Energy and Power
     7.4.3. Automotive
     7.4.4. Consumer and Retail
     7.4.5. Aerospace and Defense
     7.4.6. Third Party Logistics
     7.4.7. Other End-users
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Freight Transport Management Demand Share Forecast, 2019-2026
8. Latin America Freight Transport Management 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. Latin America Average Pricing Analysis
  8.2. Latin America Freight Transport Management Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Freight Transport Management Market Size and Volume Forecast by End Users
     8.4.1. Oil and Gas
     8.4.2. Energy and Power
     8.4.3. Automotive
     8.4.4. Consumer and Retail
     8.4.5. Aerospace and Defense
     8.4.6. Third Party Logistics
     8.4.7. Other End-users
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Freight Transport Management Demand Share Forecast, 2019-2026
9. Europe Freight Transport Management 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. Europe Average Pricing Analysis
  9.2. Europe Freight Transport Management Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Freight Transport Management Market Size and Volume Forecast by End Users
     9.4.1. Oil and Gas
     9.4.2. Energy and Power
     9.4.3. Automotive
     9.4.4. Consumer and Retail
     9.4.5. Aerospace and Defense
     9.4.6. Third Party Logistics
     9.4.7. Other End-users
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Freight Transport Management Demand Share Forecast, 2019-2026
10. Asia Pacific Freight Transport Management 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Freight Transport Management Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Freight Transport Management Market Size and Volume Forecast by End Users
     10.4.1. Oil and Gas
     10.4.2. Energy and Power
     10.4.3. Automotive
     10.4.4. Consumer and Retail
     10.4.5. Aerospace and Defense
     10.4.6. Third Party Logistics
     10.4.7. Other End-users
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Freight Transport Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Freight Transport Management Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Freight Transport Management Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Freight Transport Management Market Size and Volume Forecast by End Users
     11.4.1. Oil and Gas
     11.4.2. Energy and Power
     11.4.3. Automotive
     11.4.4. Consumer and Retail
     11.4.5. Aerospace and Defense
     11.4.6. Third Party Logistics
     11.4.7. Other End-users
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Freight Transport Management Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Freight Transport Management Market: Market Share Analysis
  12.2. Freight Transport Management Distributors and Customers
  12.3. Freight Transport Management Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. HighJump Software Inc.
     12.4.2. Accenture Plc
     12.4.3. CTSI-Global
     12.4.4. Manhattan Associates, Inc.
     12.4.5. JDA Software Group, Inc.
     12.4.6. GEODIS
     12.4.7. Descartes System Group Inc.