Freight and logistics involves transportation of goods and commodities by railroad cars, trucks, large ships and airplanes. Today, almost every region is involved in import and export of goods, and these trade activities are growing on a large scale across the globe. Freight and logistics looks after packaging, inventory management, warehousing, transportation, distribution and other related activities. Freight and logistics market is expected to grow at a significant rate during the forecast period all over the world.
MARKET SCOPE
The "Global Freight and Logistics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the freight and logistics market with detailed market segmentation by type, function, end-user, and geography. The report provides key statistics on the market status of the leading freight and logistics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global freight and logistics market is segmented into airways, railways, roadways and waterways.
- On the basis of function, the market is segmented into inventory management, packaging, warehousing, transportation, distribution and others.
- Based on end-user, the market is bifurcated into energy and utilities, retail, manufacturing and construction, healthcare, trade and transportation, IT and telecom and others.
MARKET DYNAMICS
Drivers:
- Growing population gives rise to the demand for goods and commodities.
- Rising urbanization and increasing per capita disposable income to boost market growth of freight and logistics.
- Increasing trade activities and trade agreements among various countries
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The freight and logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the freight and logistics market in these regions.
IMPACT OF COVID-19 ON FREIGHT AND LOGISTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic hampered trade activities all over the world. Buying capacity of the consumer reduced considerably due to job loss and salary cuts. Also, delivery of non-essentials was not permitted in some regions. These all had a negative impact on the growth of the freight and logistics market.
MARKET PLAYERS
The report covers key developments in the freight and logistics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from freight and logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for freight and logistics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the freight and logistics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- A.P. Moller - Maersk
- C.H. Robinson
- CEVA Logistics
- DB Schenker
- Deutsche Post AG
- DSV Panalpina A/S
- GEODIS
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- United Parcel Service (UPS)
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.