(MENAFN- Ameliorate Digital Consultancy)
As per the study initiated by Evolve Business Intelligence, the global Freight & Logistics market size accounted for USD 17.8 Billion in 2022, growing at a CAGR of 6.1% from 2023 to 2033. The freight and logistics market refers to the industry involved in the movement, transportation, and management of goods and materials across various modes of transportation, including air, sea, rail, and road. It encompasses a wide range of activities such as freight forwarding, warehousing, customs clearance, transportation management, and supply chain management. The freight and logistics market is driven by factors such as globalization, e-commerce growth, supply chain optimization, and increasing customer expectations for fast and reliable delivery. The expansion of international trade and the rise of e-commerce has led to a significant increase in the volume of goods being transported, creating a demand for efficient and cost-effective logistics solutions. The market is influenced by factors such as advancements in technology, digitalization, automation, and the adoption of smart logistics solutions. Technology plays a crucial role in optimizing supply chain operations, improving visibility and tracking, enhancing warehouse management, and streamlining transportation processes. Innovations such as autonomous vehicles, drones, and blockchain are transforming the freight and logistics industry, enabling faster, more accurate, and secure movement of goods.
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Key Highlights:
The global Freight & Logistics Market size was valued at USD 8 billion in 2022 growing at a CAGR of 6.1% from 2023 to 2033. North America dominated the market in 2022 Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Freight & Logistics Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Freight & Logistics market report also includes the following data points:
COVID19 Impact on Freight & Logistics market size End-User/Industry/Application Trend, and Preferences Government Policies/Regulatory Framework Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies Opportunity in Freight & Logistics market
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Key Players
Some of the major Freight & Logistics players holding high market share include Dsv Global Transports and Logistics, Kuehne+ Nagel, The Maersk Group, and Deutsche Post DHL. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
Dsv Global Transports and Logistics Kuehne+ Nagel The Maersk Group Deutsche Post DHL DB Schenker Logistics H. Robinson Panalpina United Parcel Service FedEx Corp. Walmart Group Nippon Express
Segmental Analysis
Market Segment By Function with focus on market share, consumption trend, and growth rate of Freight & Logistics Market:
Courier Express And Parcel Freight Forwarding Freight Transport Warehousing Storage
Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the Freight & Logistics Market:
Agriculture Fishing And Forestry Construction Manufacturing Oil And Gas Mining And Quarrying Wholesale And Retail Trade Others
| Parameters | Details |
| Market Size (2022) | $ 17.8 Billion |
| CAGR (2023 to 2033) | 6.1% |
| Market Segmentation | Function, End User |
| Country Covered | US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America |
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Global Freight & Logistics Geographic Coverage:
North America Europe UK Germany France Italy Spain Nordic Countries Benelux Rest of Europe
Asia Pacific China Japan India South Korea Indonesia Malaysia Australia Rest of Asia Pacific
Middle East and Africa Saudi Arabia UAE Egypt South Africa Rest of MEA
Latin America Mexico Brazil Argentina Rest of Latin America
Reasons to Buy this Report:
Detail analysis of the impact of market drivers, restraints, and opportunities Competitive Intelligence provides an understanding of the ecosystem Details analysis of the Total Addressable Market (TAM) of your products Investment Pockets and New Business Opportunities Demand-supply gap analysis Strategy Planning
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Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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