Freight & Logistics Market Overview and Forecast to 2030!

Freight & Logistics Market Overview and Forecast to 2030!

Overview
The Freight & Logistics market is a rapidly evolving sector, showing significant growth in recent years. This report provides comprehensive insights into the market’s past and present conditions, highlighting production costs, volume, share, size, and growth trends. Key product categories include Freight Transport, Freight Forwarding, Warehousing, Value-added Services, and others. Major application sectors are Manufacturing and Automotive, Oil and Gas, Mining, Agriculture, Construction, Distributive Trade (including FMCG), and other end-users.

Key Manufacturers

Prominent players in the Freight & Logistics market include:
Yusen Logistics
FedEx
PHL Post
XPO Logistics
UPS
Nippon Express
2GO Express
Lorenzo Shipping Corporation
TNT
JRS Express
DHL
Maersk

Market Size and Growth
The global Freight & Logistics market was valued at USD 14,000 million in 2021 and is expected to reach USD 21,500 million by 2027, growing at a CAGR of 7.41% during the forecast period. The market is anticipated to continue its steady growth trajectory, driven by the adoption of innovative strategies by key industry players.

Market Analysis
The report offers both extensive quantitative analysis and exhaustive qualitative analysis, covering:

Total market size
Industry chain and market dynamics
Segment markets by type, application, and region
It also provides a holistic view of the Freight & Logistics market, highlighting essential aspects and detailed insights into each segment.

Competitive Landscape
The report details the competitive landscape, providing insights into market share, concentration ratio, and profiles of leading companies. It also examines mergers and acquisitions, emerging market trends, and the impact of COVID-19 and regional conflicts on the industry.

Market Drivers
The growth of the Freight & Logistics market is driven by increasing demand in various applications such as:

Manufacturing and Automotive
Oil and Gas, Mining, and Quarrying
Agriculture, Fishing, and Forestry
Construction
Distributive Trade (Wholesale and Retail, including FMCG)
Other End Users
Product Types
The market is categorized by product types, including:

Freight Transport
Freight Forwarding
Warehousing
Value-added Services and others
Regional Analysis
Leading regions in the Freight & Logistics market include:

North America (United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, and Turkey)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Impact of COVID-19
The report analyzes the impact of the COVID-19 pandemic on the Freight & Logistics market, including market size, trends, and growth before and after the pandemic. It also includes a PESTEL analysis to examine key influencers and barriers to market entry.

The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. When looking solely at logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027. Source: Benchmark International

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