NEW
YORK, May 16, 2024 /PRNewswire/ -- The
global freight logistics mark size is estimated to
grow by USD 319.65 mn from 2023-2027,
according to Technavio. The market is estimated to grow at a CAGR
of 5.74% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download Free sample
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Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Type (Road, Maritime,
Rail, and Air), End-user (Manufacturing, Automotive, Consumer
goods, Food and beverage, and Others), and Geography (APAC, North
America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Agility Public
Warehousing Co. K.S.C.P, C H Robinson Worldwide Inc., CJ Logistics
Corp., CMA CGM SA, Deutsche Bahn AG, Deutsche Post AG, Dimerco
Express Corp., DSV AS, Expeditors International of Washington Inc.,
FedEx Corp., Hellmann Worldwide Logistics SE and Co KG, Kerry
Logistics Network Ltd., Kuehne Nagel Management AG, Lineage
Logistics Holdings LLC, Manitoulin Group of Companies, Nippon
Express Holdings Inc., Transporteca Aps, Uber Technologies Inc,
United Parcel Service Inc., and Bollore SE
|
Key Market Trends Fueling Growth
The freight logistics market encompasses various industries,
including Oil and Gas, Mining and Quarrying, Agriculture, Fishing,
Forestry, FMCG, and Raw Materials. Freight Forwarding, Warehousing,
and Storage, Logistic Function, Exactitude Consultancy, and
alternative fuels are integral components. Advancements in
Artificial intelligence, Data analytics, Warehouse management
systems, Robotics, Autonomous vehicles, Tracking technologies, and
Sensors are driving market growth. Convenience, customer
preference, online retail networks, and green logistics solutions
are key trends. Digitization and automation through AI, machine
learning, and transportation of goods are transforming the
industry.
Market Challenges
- The freight logistics market encompasses various sectors,
including intermodal transportation, warehousing,
manufacturing, automotive, oil and gas, mining, agriculture, and
forestry. Significant investments are necessary for infrastructure
development, such as gantry cranes, rail and road access, and
tracking technologies. Robotics, autonomous vehicles, and sensors
are also integral to streamlining operations and enhancing
efficiency. The market further incorporates freight forwarding,
logistics services, and customer preference-driven solutions, such
as online retail networks and green logistics. Digitization and
automation through AI, machine learning, and robotics are
transforming waterways transportation, including inland waterways,
rivers, canals, lakes, and coastal waters. The market's growth is
driven by the increasing demand for logistics monitoring systems
and the evolving transportation landscape.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This freight logistics market report extensively covers market
segmentation by
- Type
- 1.1 Road
- 1.2 Maritime
- 1.3 Rail
- 1.4 Air
- End-user
- 2.1 Manufacturing
- 2.2 Automotive
- 2.3 Consumer goods
- 2.4 Food and beverage
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Road- The freight logistics market encompasses
various modes of transportation, with the waterways sector playing
a significant role. Inland waterways transportation via rivers,
canals, lakes, and coastal waters is a vital component of the
logistics market. The water transport segment, including freight
forwarding and warehousing, caters to industries such as Oil and
Gas, Mining and Quarrying, Crop production, Animal rearing, Food,
Textiles, and Raw materials. The waterway sector's growth is driven
by the increasing demand for efficient and eco-friendly logistics
solutions. Manhattan Associates and Exactitude Consultancy leverage
advanced technologies like artificial intelligence, data analytics,
alternative fuels, warehouse management systems, robotics,
autonomous vehicles, tracking technologies, sensors, and ecosystems
to optimize waterway logistics. The roadways segment also remains
crucial, with industries like Manufacturing and Automotive relying
heavily on freight transport and warehousing.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
The Freight Logistics Market encompasses various sectors
including Oil and Gas, Mining and Quarrying, Crop Production,
Animal Rearing, Food, Textiles, and Raw Materials. Freight
Forwarding and Warehousing services play a crucial role in this
market, ensuring the efficient transportation of goods from one
location to another. The integration of technologies such as
Artificial Intelligence (AI) and Augmented Reality (AR) enhances
the logistics experience, catering to customer preference in the
era of digitization and automation. Online retail networks have
significantly increased the demand for green logistics solutions,
focusing on reducing carbon footprint and promoting sustainability.
The Freight Transport sector, a key component of the Freight
Logistics Market, continues to evolve with advancements in
technology and changing market dynamics.
Market Research Overview
The Freight Logistics Market encompasses the transportation,
warehousing, and management of goods from the point of origin to
the point of consumption. This market plays a crucial role in
global trade, ensuring the efficient and timely delivery of goods.
Freight logistics involves various modes of transportation such as
road, rail, air, and sea. The market is driven by factors including
increasing globalization, growing e-commerce industry, and the need
for just-in-time inventory. Advanced technologies like IoT, RFID,
and AI are transforming the freight logistics industry, offering
real-time tracking, improved efficiency, and enhanced customer
experience. The market is segmented based on transportation modes,
geography, and industry verticals. Effective logistics management
is essential for businesses to remain competitive in today's market
landscape.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- End-user
-
- Manufacturing
- Automotive
- Consumer Goods
- Food And Beverage
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio