Freight and Logistics Market Share

Global Freight and Logistics Market Overview

Freight and Logistics Market Size was valued at USD 14.85 Billion in 2021. The Freight and Logistics industry is projected to grow from USD 15.08 Billion in 2022 to USD 21.13 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4% during the forecast period (2024 - 2030). Freight and logistics are the procedures of transporting goods and commodities by rail, trucks, road cars, and large boats conveying containers and airplanes. It offers contract logistics, warehousing, value-added services, and plans and delivers advanced integrated logistics solutions for global supply chains that are complicated. The rise in trade-related agreements and global logistics infrastructure, as well as technical improvements in the logistics sector for rapid delivery and supply chain, are driving the growth of the Freight and Logistics Market.

  Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Freight and Logistics Market Trends

• 
  

  Increasing global trade activities in emerging economies are expected to drive market growth

  
  

The main reason which is been acting as the driving force which helps in improving the freight and logistics market size is the increase in global trade. Also, the second one is an increase in trade-related agreements along with the global logistics infrastructure. There is some reason why people are using the freight and logistics industry because of the fast delivery and unbroken gap in the supply chain. The increase in infrastructure and construction is one of the main reasons for the growth of the freight and logistics market value.

Additionally, Fast delivery is one which created a drastic change in the freight and logistics market growth. But later on, the rise of e-commerce also created changes in the market value of freight and logistics. The improvement in e-commerce and digital marketing created some changes to grow their market value. Those changes were done by considering the consumer's needs and expectations. They are fast, have free shipping, and competitive pricing. All these paved way for the growth of the freight and logistics market.

Freight and Logistics Market Segment Insights

Freight and Logistics Shipping Type Insights

The global Freight and Logistics market segmentation, based on Shipping type, includes Airways, Railways, Roadways, and Waterways.  The Waterways segment dominated the Freight and Logistics industry in 2021 and is estimated to grow at a significant CAGR during the forecast period. The rising preference for waterways logistics may be attributed to the benefits provided, which include dependable and congested transit. In comparison to trucks and railcars, the benefits given by waterways logistics include higher loading capacity, reduced emissions, efficient transportation for payload, and optimal fuel consumption, which are driving segment growth in the freight and logistics industry shortly.

Freight and Logistics Service Insights

Based on Service, the global Freight and Logistics market segmentation includes Inventory Management, Packaging, Warehousing, Transportation, Distribution, Customs Clearance, and others. The transportation segment dominated the Freight and Logistics industry in 2021 and is estimated to grow at a significant CAGR during the forecast period. The expected massive increase in freight volumes during the forecast period is expected to benefit the global freight forwarding business. The growing network of agreements will open up more trade and investment possibilities, boosting the country's potential to capitalize on global Freight and Logistics Market growth. These agreements' investment frameworks serve to create a more appealing investment environment and foster more economic integration in the global Freight and Logistics Market.

Freight and Logistics End-Use Insights

Based on End-Use, the global Freight and Logistics market segmentation includes Manufacturing and Automotive, Oil and gas, Mining, Quarrying, Agriculture, Fishing, Forestry, Construction, Distributive trade, Health care, Pharmaceutical, Chemicals, and Telecommunications. The trade and Transportation segment dominated the Freight and Logistics industry in 2021 and is estimated to hold the largest Freight and Logistics market share during the forecast period. The manufacturing and Construction segment is expected to grow at a significant growth rate during the forecast period.

Figure 2: Global Freight and Logistics Market, by service type, 2021 & 2030 (USD Billion)

  Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

 Freight and Logistics Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Freight and logistics are transporting goods from one part of the world to the other by trucks, planes, railroad cars, and large ships. Each region is involved with importing and exporting goods. This increased the opportunity for the freight and logistics industries. The increase in E-commerce and infrastructure across Asia- Pacific leads to growth in the market. Also, the infrastructure growth in China and India created growth in the freight and logistics market. The second place for market growth in North America.

When compared to the Asia-Pacific region, other regions don’t have gradual growth. They are lacking in infrastructure growth and the E-commerce and digital sectors also. So the other regions are emerging and trying to push the growth of the freight and logistics market.

Figure 3: GLOBAL FREIGHT AND LOGISTICS MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

 Freight and Logistics Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Freight and Logistics market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Freight and Logistics industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Freight and Logistics. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Freight and Logistics industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Freight and Logistics industry to benefit customers and expand the market sector. The Freight and Logistics market has recently given medicine some of the most important advantages. Major hair care product market players, including Kuehne+ Nagel (Switzerland), The Maersk Group (Germany), Deutsche Post DHL (Germany), and others, are attempting to increase market demand by funding R&D initiatives.

DSV A/S is a Danish transport and logistics company offering transport services globally by road, air, sea, and train. Since its foundation in 1976 by nine independent Danish haulers, the company has achieved rapid expansion and international presence, predominantly through a series of strategic competitor acquisitions, some of the most important ones being Samson Transport (1997), DFDS Dan Transport Group (2000), J.H.Bachmann (2004), Frans Maas (2006), ABX LOGISTICS (2008) and UTi Worldwide, Inc. in 2016.[1] In April 2019, DSV signed an agreement to acquire Panalpina Welttransport (Holding) AG and the deal was closed in August 2019.

Also, Deutsche Post AG, trading as Deutsche Post DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the world's largest courier companies.[2] The postal division delivers 61 million letters each day in Germany, making it Europe's largest such company. The Parcel division of DHL is a wholly owned subsidiary claimed to be present in over 220 countries and territories.

Key Companies in the Freight and Logistics market include

• Dsv Global Transports and Logistics (Denmark)


• Kuehne+ Nagel (Switzerland)


• The Maersk Group (Germany)


• Deutsche Post DHL (Germany)


• DB Schenker Logistics (Germany)


• C.H. Robinson (US)


• Panalpina (Switzerland)


• United Parcel Service (US)


• FedEx Corp. (US)


• Walmart Group (US)

Freight and Logistics Industry Developments

For instance, In August 2022,Geodis acquired Need It Now Delivers, a logistics firm in New Jersey. This acquisition should help Geodis considerably bolster its presence in the U.S. in terms of contract logistics and last-mile delivery. The France-based company expects to Need It Now Delivers to foster its omnichannel and last-mile logistics capabilities, offering an extensive network nationwide with 300 distribution points.For instance, In July 2022, DFDS acquired all the shares of Dublin-based Lucey Transport Logistics Ltd to enhance its own European logistics offering. The acquisition is expected to greatly foster its Irish logistics offerings while complementing its existing global solutions.

Freight and Logistics Market Segmentation

Freight and Logistics Shipping type Outlook

• Airways


• Railways


• Roadways


• Waterways

Freight and Logistics Service Outlook

• Inventory Management


• Packaging


• Warehousing


• Transportation


• Distribution


• Custom Clearance


• other

Freight and Logistics End-Use Industry Outlook

• Manufacturing and Automotive


• Oil and gas


• Mining


• Quarrying


• Agriculture


• Fishing


• Forestry


• Construction


• Distributive trade


• Health care


• Pharmaceutical


• Chemicals


• Telecommunications

Freight and Logistics Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  •  Japan
  
  
  •  India
  
  
  •  Australia
  
  
  •  South Korea
  
  
  • Australia
  
  
  •  Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Leading companies partner with us for data-driven Insights

Kindly complete the form below to receive a free sample of this Report